As an investor in bullion, flexibility often refers to the ease with which you can buy and sell your investment or products. While gold bars offer you the best option if you want to preserve your wealth, gold coins offer the best value when it comes to selling. Silver is more susceptible to market changes and can gain and lose value quickly. Gold is more reliable and tends to gain value slowly but steadily, with faster growth in challenging markets.
Gold is more expensive to buy than silver, so it gives you less flexibility when it comes to selling, although smaller gold coins are relatively affordable. While a more tangible way to invest in gold is to buy gold jewelry, this also has its drawbacks. Almost all silver bars are subject to VAT, but gold bars are exempt from VAT and some gold coins are also exempt from capital gains tax (CGT). Remember that, unlike other investments in gold, these gold coins are exempt from VAT and CGT and represent a reliable, easy to store and pleasant basis for starting or developing your investment strategy.
While both gold and silver have attractive features, gold is the best investment for the average investor in precious metals. Gold is recognized worldwide as a reliable investment, and UK legal tender gold coins are exempt from VAT and CGT. On the contrary, the key advantage of buying physical gold (such as ingots and coins) is that you own the gold. While the jewelry you choose may be spectacular and attractive, the actual gold content will only represent part of its cost.
Although the spot price of a bullion fluctuates constantly, the price of a 1-ounce gold ingot may differ from that of a gold coin or round that weighs exactly the same amount. British legal tender also includes the Queens Beasts and Lunar series, Gold Standard, Royal Arms and Gold Sovereigns and Britannias series. A mixed gold-silver investment will give you the best of both worlds, with the reliability of gold and the flexibility of silver.