In choosing a gold coin or bar, it is important to consider the specific purpose of the purchase, the gold content or purity, the reputation of the seller, and the convenience and cost of buying and storing the gold.
For those buying gold as a collectible, the rarity and design of the coin or bar may be of primary importance. Conversely, for those purchasing gold purely as an investment, the focus may be on obtaining as much metal as possible for the money, with a minimum threshold of purity. In the UK, certain coin designs may also be exempt from capital gains tax as they are legal tender pound sterling, which can be a useful consideration when making a purchase.
The purity of gold can impact the visual appeal of a coin or bar, with 22ct coins appearing more red or brown in color compared to 24ct versions. For some investors the classic gold colour of the 24ct coins are more attractive.
It is advisable to seek product advice from reputable dealers with a proven track record of buying and selling coins and a well-established supply chain, as well as insurance and vaulting arrangements. This can ensure that the product advice received is credible, with guarantees against forgeries and fakes.
Finally, it is advisable to consider the convenience and cost of buying and storing the gold, taking into account factors such as ease of transportation and storage, as well as the cost of insurance. By considering these factors, an individual can make an informed decision when choosing a gold coin or bar.
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Chard (1964) Ltd
SatNav Postcode: FY4 1LY
Tel: 01253 343081
Company No: 01378220
VAT No: GB 157 0712 74