Although they do not offer the same regular income as many financial assets, investment in precious metals becomes increasingly popular during times when confidence in the economy is low. The modern global economy is built on a network of ever increasing debt, of which the creditors are unlikely to ever be reimbursed. Such a system, using fiat currencies with no intrinsic value as its key units of measure, is highly vulnerable to periods of extreme turbulence and, in the worst case scenario, absolute implosion. When faith in the stability of banks, paper currencies, and other investments is low, investors turn to assets with intrinsic value and a proven ability to offer financial security.
Having represented material wealth for thousands of years, precious metals such as gold and silver are arguably the ultimate monetary commodity. They are available in very limited supply and, unlike paper currencies, cannot be devalued through excessive printing. As well as being able to fascinate with their natural beauty and appeal, precious metals, silver in particular, have a wide variety of practical uses and are resistant to corrosion.
These metals are precious and valuable commodities with an ability to defy time, inflation, economic and geopolitical stability and can therefore act as an excellent portfolio diversifier and long term investment. Gold bullion has the additional benefit of being exempt from VAT while all legal tender UK coins such as gold and silver Britannias and gold Sovereigns are exempt from Capital Gains Tax in the UK, making a tax efficient investment in precious metals.
Buying precious metals through Gold.co.uk is safe, convenient and easy. We have a variety of bullion investment coins and bars in gold and silver as well as platinum and palladium available at low premiums.