With the financial world as we know it crumbling all around us, it is difficult to know where to put your money to preserve its value and secure your wealth and future.
Gold has always been the obvious investment in unstable times, but the price of gold fell 20% at one point in September while the stock markets also tumbled. Does this signal the end of gold’s meteoric rise or does it represent a fantastic buying opportunity
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Owning gold means you have portfolio insurance against any catastrophes threatening your investments. If there is a terror attack, currency collapse, escalating Government debt, high inflation or record unemployment – gold tends to increase in value as a safe haven asset.
You could achieve a 40% discount off the gold price through tax relief whilst also protecting your profits from tax by purchasing gold bullion as part of your Self Invested Personal Pension (SIPP). Investing in certain UK gold coins is VAT exempt and Capital Gains Tax (CGT) free, a great opportunity to diversify AND reduce your Inland Revenue exposure.
Experts agree that to achieve a diversified portfolio, 10-30% of your liquid assets should be held in gold. This should ideally be held for a minimum of 3-5 years plus, but the great thing about gold is that it’s incredibly liquid and easy to sell at any time.
Daniel Fisher formed physical Gold in 2008, after working in the financial industry for 20 years. He spent much of that time working within the new issue fixed income business at a top tier US bank. In this role, he traded a large book of fixed income securities, raised capital for some of the largest government, financial, and corporate institutions in the world and advised the leading global institutional investors. Daniel is CeFA registered and is a member of the Institute of Financial Planning.