Digital Gold

Why Buy Digital Gold? 

Digital gold is also commonly referred to as an "unallocated gold metal account". It is an option for customers who are looking to pre-fund larger future purchases, or for those unsure which products to choose at the time of investing in gold. Other customers may wish to use this service to gain price exposure without going through with a physical bullion transaction and selling the troy ounces on account back to us for 100% at some future time.

Customers are required to open an account with us and provide 2 forms of identification - read more about this by clicking here. Once we verify the documents your account is ready to use and you can purchase gold and silver the same day!

We also offer unallocated silver on account and you can buy this direct on our dedicated page for digital silver.

Customers who wish to buy coins and bars for allocated and segregated storage can read more about this on our vaulted gold and silver page.

Buy Digital Gold

You can use the following widget to buy digital gold on account right now at 1% premium over spot. Payment options include bank transfer, debit card, cheque and cash depending on the transaction value. 

You can read more information below including our 'What You Need To Know' section covering important topics from the full terms of sale.

Metal Account Purchase

  Buy In Troy Ounces Buy In GBP
Digital Gold
Digital Silver
Prices based on the live metal price may fluctuate until your purchase is complete.

What You Need to Know

Key facts about buying digital gold:

  • Sold at 1% premium over spot.
  • Chards will purchase any amount of troy ounces on your account for 100% of the live spot rate. Payment is usually set up the same day and we ask that you check with our team on the day.
  • There are no storage fees associated with digital gold
  • Digital gold is available 24 hours a day, 7 days a week, 365 days a year.
  • Large orders (over £30,000) require a 10% deposit to be paid.
  • Buying digital gold gives you the right to take delivery of physical gold at a future date determined by you.
  • If you wish to redeem your gold, you are required to pay a delivery premium. If you choose the product(s) you pay the live premiums on our site. If you ask Chards to select the items on your behalf the charge is a minimum of 5%. Further delivery costs apply should you wish for onward delivery to your address.
  • Customers are required to have an account open with us and to pass our due diligence checks prior to any order being accepted. If you wish you can set up an account by clicking here.
  • The minimum order value is GBP 10, USD 10 or EUR 10.
  • Our stock is fully insured by Lloyds of London and we are an award-winning bullion dealer with over 55 years' experience. We invite you to check our financials on Companies House, carry out your own due diligence or even pop in for a chat (appointment required during Covid-19).

Full Terms for Digital Gold and Silver (Unallocated Metal Account) - https://www.chards.co.uk/info/metal-account-terms

What Is Unallocated Gold?

A digital gold account with Chards is commonly referred to as "unallocated gold account". This means you are purchasing a number of troy ounces of gold without specifying the design, form, manufacturer etc, therefore paying low premiums, avoiding storage costs and any delivery charges for the time you hold the metal.

Unallocated gold grants investors exposure to the price of gold through a flexible investing format, allowing investors to benefit from fluctuations in the precious metal market without having to complete a physical transaction, or incur peripheral costs associated with shipping, securing and insuring your bullion. 

Why Gold?

Gold has proven itself to be a preserver of wealth throughout numerous historical economic crises, with its position as a uniquely practical and intrinsic valuable commodity contributing to its timeless appeal.  As the price of gold increases in accordance with the cost of living, the precious metal is a universally sound hedge against inflation and the weakening dollar, with the price of gold almost doubling between 2008 and 2012, reaching $1,900 at its peak.

Gold is one of the most sought-after metals in the world, and has been for thousands of years and has come to signify “the best”. We think of gold medals, gold stars, gold status as among the highest achievements.

The visual appeal of gold combined with its finite supply and numerous applications has led to its worldwide trade and usage for generations.  

Many currencies have at one point or another used gold to trade. Either directly, or by having their currency pegged to a particular weight of gold.  

Nowadays, gold is widely used as a hedge against the devaluation, but its ever-increasing price makes it seemingly out of reach for new investors.  

Now, with Chards, anyone can purchase small or large amounts of “digital gold” as often as they want as a way of saving and investing their money. This comes with the added bonus of not having to store it at home, as it’s kept in secure vaults. 

Selling Digital Gold to Chards

We buy back digital gold at 100% of the spot price. This sale will be liable for UK capital gains tax if over the official threshold and we would recommend transacting into physical CGT-exempt coins to avoid this.

Alternatively, any metal held in account can be used as a payment option for any other product or service from Chards.

Gold Facts

  • The majority of the world’s gold was mined during the California Gold Rush in 1849. It makes up around 90% of the global stock. 
  • The Fort Knox Depository in Kentucky holds around 4,600 tonnes of gold. That’s worth well over £220 billion!
  • Gold is incredibly durable but pliable enough that it can made into something as thin as sewing thread.
  • Being so rare, a 1oz gold nugget is harder to find than a 5ct diamond. 
  • More steel is poured in 1 hour than gold has been poured in recorded history.
  • There is estimated to be around 15,000 tonnes of gold still in the world’s sea beds. 

Advice Disclaimer

We are not financial advisers and we would always recommend that you consult with one. We can only give advice on what the best deals are from Chard to match your budget and investment portfolio at the time you make enquiries. We try to keep our investment advice very simple. We cannot predict with any certainty what silver, gold or any other commodity or currency will do over short, medium or long periods of time. Because of this, we tend to avoid giving any definite advice or strong opinion. There are some areas where we have considerable experience and feel we can safely give our thoughts. Some of it may appear obvious but we often find ourselves repeating it.

Further Reading

We have a number of articles on vaulted storage and our views on unallocated and allocated gold. Feel free to browse our gold guide for more information.

We also offer unallocated silver on account and you can buy this direct on our dedicated page for digital silver.

Customers who wish to buy coins and bars for allocated and segregated storage can read more about this on our vaulted gold and silver page.

Full Terms and Conditions

Full Terms of Sale for Physical Bullion - https://www.chards.co.uk/info/terms-of-sale

Full Terms of Vaulted Storage (Allocated and Segregated Metal Account) - https://www.chards.co.uk/info/storage-terms-of-sale

Full Terms of Purchase (selling to Chards) - https://www.chards.co.uk/info/terms-of-purchase

Full Terms for Digital Gold and Silver (Unallocated Metal Account) - https://www.chards.co.uk/info/metal-account-terms