Buy Gold Ireland
Buy gold ireland
There is a new gold rush in town with Irish investors pouring up to 10 per cent of their portfolios into precious metals, while bonds that offer exposure to the yellow metal are also being promoted by banks and investment houses. But before you rush out to invest in the yellow metal, you should do some research. The internet is a great place to conduct research as it holds the impartial experiences, opinions and recommendations of millions of people from around the world. More info
Gold is a popular asset amongst investors, largely because it is seen as an effective hedge against stock market dips and inflation. Many believe that it is also a good way to preserve wealth in times of uncertainty, which is a characteristic that is currently being observed in the current global political and economic climate.
Shining Bright: Where and How to Buy Gold in Ireland
If you are looking to purchase physical gold bullion, the best option is to choose coins. They are more attractive than bars and have a higher gold content. You can also benefit from a VAT exemption if you buy British legal tender coins. This includes the Sovereign and Britannia coins, as well as the Queen’s Beasts and Lunar series.
However, you should note that if you are investing in bullion, any profits you make will be subject to capital gains tax (CGT). The CGT allowance is PS6,000 and is reduced to nil if the investment is held within an Individual Savings Account or Self-Invested Personal Pension. If you are looking to avoid the hassle of CGT, you can also invest in a physically backed gold ETF. These funds are traded on Stock Exchanges and track the price of gold.