The price of gold

The price of gold is currently £3454.41 per ounce, a 12-month increase of £1262.00.

While investment in gold offer a potential profit upon liquidation, it is important to consider Capital Gains Tax (CGT). The rates are 18% for basic rate taxpayers and 24% for higher rate taxpayers after the personal allowance is accounted for.

A legal and effective way to protect your investment is by purchasing gold sovereigns.
Here are the advantages of gold sovereigns:

• Zero capital Gains Tax: Gold sovereigns are legal tender in the UK, so gains are exempt from CGT. This is not the case with other investments.

• No Counterparty Risk: Gold sovereigns are held directly by the owner, eliminating the risk of counterparty failure or government intervention.

• Liquidity: Gold sovereigns can be sold immediately at any bullion dealer, eliminating estate agent fees, a 30-day settlement period and the need to file capital gains forms.

• Protection of Purchasing Power: Gold has increased by 150% since 2023, while savings accounts have declined in real terms. Gold sovereigns protect purchasing power and provide tax-free capital gains.

This is not financial advice. 

You should conduct your own research before making any investment decisions.