The important warning to note or risk being hit by capital gains tax
Gold hit yet another all-time high last week and it’s set to keep beating its own personal bests in the near future as the world looks ever more volatile. Because when things look shaky politically and economically, individuals, governments and banks rush to the safe haven of gold.
However, although the gold price going up signals potentially worrying times for the world, it also offers opportunities for investors like you and me to profit if we own some of the shiny yellow stuff!
The question is, how do you invest in gold, and is it a good idea for everyone?
I’ll take a look at the first part of that question in a moment, but for the second part, of course the answer is that everyone is different and our needs are all different, so investing in gold isn’t right for absolutely everyone.
However, as fiat currencies (pounds, dollars, euros etc) lose their value more and more, and even governments and central banks are turning to gold as a solid store of value, it does seem that gold is likely to remain popular for a few years to come.
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