Ways to Invest in Gold with PhysicalGold.com
04/12/2024Daniel Fisher
There are many ways for modern consumers to invest in gold. The type of gold investments available range from gold mining stocks and ETFs, to buying physical gold coins and bars. As our name suggests, we at PhysicalGold.com specialise in offering investors easy access to buying real gold bars and coins.
We aim to offer the simplest way for every type of investor to access physical gold, but also realise that not everyone’s budgets and objectives are the same. For that reason, we’ve created three different ways to invest in gold to suit each individual’s circumstances and aims.
1. One-Off Gold Purchase
If your budget permits, then investing in gold as a lump sum is simple and can offer cost advantages. Whether you wish to purchase gold bullion or gold coins, doing so in one go could enable you to benefit from quantity discounts.
Each product page on the website features a table displaying the discounts available when buying various quantities of coins or gold bars. If you anticipate gold prices to rise, then purchasing in one go, rather than in increments, means the entirety of your gold investment is locked in at the current price.
What if I Don’t Know Which Gold to Buy?
The design of our website means that customers can seek as much or as little guidance as they need. Purchases of gold and silver can be made directly on the website with various payment methods and the choice of free delivery of storage. Orders can be placed 24/7 to capitalise on market prices and to suit availability of your time. There’s no need to speak with a member of the team.
However, many customers choose to have a chat with our team to get advice on the various coin and bullion options. Our friendly staff provide straightforward guidance based on each individual’s situation. For those who prefer our experts to create a portfolio on their behalf, we offer a product called Director’s Pick which does just that.
Do I Have to Order Through the Website?
We prefer customers to place orders on the website to ensure that delivery addresses are captured accurately and to give customers the transparency of buying exactly what they want, when they want. While we accept debit & credit cards or bank transfers for online purchases, any orders placed manually with a team member can only be paid by bank transfer.
For those who prefer the human touch, orders can be discussed and executed with a member of staff.
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2.Monthly Saver
A monthly saver gold plan is ideal for investors who want to invest in a set value of gold on a regular basis. If you don’t have a significant capital lump sum to invest, or you want to spread the risk of investing over a longer period, then a regular gold investment plan is an ideal option.
A monthly gold saver plan offers investors the opportunity to gradually build up a portfolio of gold over time. This popular investment strategy is known as Dollar Cost Averaging (DCA). It irons out price volatility and avoids committing all your funds at one particular price point. Instead, gold is bought monthly, based on the underlying gold price each month. Image
Monthly Saver Set Up
The minimum monthly amount is £350, with no upper limit. This can be set up in a simple 2-stage process. Firstly, place your order on our website. Then follow the instructions on your email order confirmation to set up a Standing Order within your online banking, selecting which day of the month is best.
UK gold coins of our choice will be allocated each month, with any residual funds being carried over into the following month. Coins are likely to be either Full or Half Sovereigns, which both qualify as a tax-free nest egg. Monthly Saver’s can be cancelled at any point with no tie in, and customers have the choice between delivery or storage.
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3.Pension Gold
Holding qualifying physical gold within a pension can provide another way to diversify a pension portfolio alongside more conventional investments.
Certain Self-Invested Personal Pensions (SIPPs) and Small Self-Administered Schemes (SSASs) can hold qualifying physical gold bullion, subject to the pension provider or scheme rules. Physical gold bullion is included on the FCA’s list of standard assets, subject to the applicable requirements.
Pension Gold does not receive special tax relief simply because the underlying investment is gold. Instead, eligible pension contributions can qualify for pension tax relief under the normal pension rules, subject to the individual’s circumstances and applicable limits.
Not every form of gold qualifies. For the relevant pension rules, investment-grade gold bullion must have a purity of at least 995 thousandths, be in the form of a bar or wafer and be of a weight accepted by the bullion markets. Physical Gold supplies qualifying investment-grade gold bars for pension arrangements where accepted by the relevant provider.
For more information about qualifying gold, tax relief and storage, see our Pension Gold guide.
How do I Start Putting Gold in my Pension?
The first step is to establish whether your existing pension arrangement permits qualifying physical gold bullion. Some SIPP and SSAS providers accommodate physical gold, while others do not.
Physical Gold works with a number of UK pension providers experienced in holding alternative assets. Our team can explain the practical process and work alongside your chosen SIPP or SSAS provider to arrange the purchase and secure storage of qualifying gold bullion.
Depending on your circumstances, this could involve using an existing qualifying pension arrangement, establishing a separate SIPP or considering a transfer of eligible pension assets. A pension transfer can have significant consequences and should be considered separately from the decision to invest in gold.
Once an appropriate arrangement is in place, pension funds can be used to purchase qualifying gold bullion. The gold is held in specialist secure storage as a pension asset rather than being delivered to you personally. Any sale proceeds remain within the pension arrangement.
You can find full details of how the process works on our Pension Gold page.
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Choose the Right Invest Approach with Physical Gold
If you’re unsure which method of buying gold is most appropriate for you, then our friendly team are happy to discuss the pros and cons of each. If you’d like to discuss either of these in more detail or need additional information on any of our other services, please give our experienced advisers a call on 020 7060 9992.
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