Gold Expert Reveals The Best Ways To Invest in Gold, Sliver & Precious Metals
Nov 9, 2023
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Gold expert Josh Saul reveals why central banks are stockpiling gold as a hedge against weakening fiat currencies. He discusses the advantages of investing in gold, tax advantages of gold coins, and the importance of storing physical gold in a vault. Josh also explores the potential house price crash and the impact of interest rates, as well as the benefits of diversifying investments and following sophisticated investors. Discover why gold is the ultimate hedge against economic uncertainty.
Gold serves as a valuable asset for wealth preservation and acts as an inflation hedge against declining fiat currencies.
Purchasing UK legal tender gold coins offers tax advantages and liquidity, while large gold bars have a lower premium but may be harder to sell.
Silver, with its industrial demand and potential for increased value, presents an attractive investment option, but is subject to VAT unless stored in a bonded vault.
Deep dives
The importance of gold and the weakness of fiat currency
Gold has proven to be a valuable asset as fiat currency loses value. Fiat currency has declined in value over the years, while gold has increased significantly. The shift from the gold standard to fiat currency has contributed to this trend. Inflation plays a major role in eroding people's wealth, making it necessary for individuals to make proactive investment decisions. While some investors opt for calculated risks, others want to avoid the guaranteed loss of purchasing power caused by inflation. The belief in the declining value of fiat currency pushes people to consider alternatives like gold for wealth preservation.
The relationship between inflation and the value of gold
Gold acts as an inflation hedge, as it is considered a commodity whose rising cost is directly related to inflation. Just like other commodities, the cost of gold increases due to factors like increased labor costs, energy costs, transportation, and insurance. When the mining cost exceeds the market value, mining operations decrease, reducing supply. With decreasing supply and stable demand, the price of gold rises. Additionally, during periods of uncertainty and economic recessions, gold often increases in value, as it is a tangible asset that can be stored independently outside of the banking system.
The pros and cons of investing in gold
Gold offers stability as an investment due to its historical track record and its ability to preserve purchasing power. It does not rely on counterparty risk and provides liquidity when needed. However, gold does not generate income like other assets, it requires storage, and its value can be subject to volatility. When it comes to purchasing gold, UK legal tender gold coins like Britannias and Sovereigns are popular among investors due to tax advantages, exemption from capital gains tax, and ease of liquidity. Large gold bars may offer a lower premium but can be harder to sell due to a narrower market.
The potential benefits of investing in silver
Silver, considered gold's volatile sister, is also attracting attention due to its industrial demand. It is extensively used in industrial manufacturing, and its demand increases along with economic growth. Silver tends to amplify gold price movements, rising faster as gold goes up and falling further as gold decreases. Some believe silver is currently at a similar crossroads that gold was at in the 1980s, and its increasing value has made it an attractive investment option. However, it is worth noting that silver is subject to VAT in the UK unless stored in a bonded vault, which offers a way to avoid the tax.
The role of the Pure Gold Company and the advantages of getting professional guidance
The Pure Gold Company, with its consultative-based approach, offers physical gold and silver bars and coins for purchase and provides storage services. Clients benefit from buyback guarantees, enabling instant liquidity. By providing guidance, the company assists clients in understanding when and how to buy and sell gold and silver. Maintaining a thought leadership position in the industry, the company emphasizes the importance of considering gold as part of a diversified investment strategy, while being aware of the dynamics of the market and potential opportunities for investing in other asset classes.
We provide tips on how to protect and grow your savings without paying tax on your gains.
Gold expert Josh Saul reveals why gold is the ultimate hedge against economic uncertainty. He explains how central banks are stockpiling gold while retail investors are selling equities and buying property. Learn why the rich get richer during financial crises and how to make your money work for you. Josh also outlines the key differences between gold and silver and reveals why some think silver offers more upside potential.
Josh Reveals:
That central banks are buying up gold as a hedge against weakening fiat currencies.
Why gold coins offer tax advantages
The importance of storing physical gold in a vault
Why silver may offer more upside potential than gold
How to protect your own wealth.
Why the gold price will rise
BEST MOMENTS
"Gold is supposed to be used as wealth preservation.
"If you can't sell it, then you're going to be stuck with something that at one point you might not need."
"Gold predates currency. You can buy it here and sell it there, but it's completely private."
"Why should we have to wait 10 years for our pension to recover to where it was?"
"The cost of protection is storing it in a safe way."
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
