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When is the best time to buy Gold?

Investing in Gold is a great way to protect your wealth and secure your future. But when is the best time to buy Gold? 

Gold prices tend to move seasonally, meaning they are likely to peak at certain times of the year. The most important factor to consider when deciding when is the best time to buy Gold is what Gold prices are doing at any given moment. The best approach is usually buying during periods when Gold prices are falling and selling during periods when Gold prices are rising. 

Let’s take a closer look at buying Gold and determine when you should invest.

The best time to buy Gold depends on several factors, including the current market conditions, political landscape, and economic outlook. 

Here are our top three points to consider before investing in Gold: 

  • Market Conditions: When determining when to buy gold in the UK, it is important to keep an eye on global market conditions. People tend to flock towards Gold if there is volatility or uncertainty in other markets—such as stocks or foreign currencies. This can drive up demand for Gold and push prices higher. 
  • Political Landscape: Political events can have a major impact on Gold prices. For example, suppose there is political unrest or turmoil in a certain country or region. In that case, it could cause investors to flee that region’s currency and seek out the stability of Gold investments instead. 
  • Economic Outlook: The health of an economy can also affect when you should buy Gold. During times of recession, investors may view buying Gold as a safe bet instead of putting their money into other investments that may be riskier during an economic downturn. On the other hand, if an economy is expanding rapidly, people may want to invest in higher-risk ventures instead of buying Gold.  

Many factors go into determining when you should buy Gold. It’s essential to pay attention to market conditions, political events around the world, and overall economic outlook before making any decisions about investing. Keeping track of these indicators will help you make informed decisions about your investments to maximise your returns over time. By understanding how different factors affect Gold’s price, you can ensure that you invest at just the right moment!

*Please note that we are not financial advisors, so always do your own research before investing in Gold.  

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An Overview of the Current Price of Gold in the UK

As with any investment, keeping an eye on the market is important. This is especially true when it comes to Gold. The price of Gold can fluctuate greatly depending on various factors, making it difficult to determine what will happen next. In this post, we’ll take a closer look at the current price of Gold in the UK and what factors influence its value. 

Current Price Of Gold In The UK  

The live price of Gold can fluctuate dramatically daily and even hour to hour. Today the price of Gold is £1,557.47 per ounce (£50.07 per gram). It has dropped slightly this week but is nearly at its highest since September 2022.

Factors Influencing the Price of Gold in the UK 

Several different factors, including supply and demand, geopolitical events, and currency exchange rates determine the price of Gold. Supply and demand play an important role in determining the price of Gold; if there is an increase in demand for Gold, then prices may rise. Likewise, if there is a decrease in demand for Gold due to political or economic events, then prices may also fall. 

Inflation also plays a role in determining the price of Gold. If inflation is high, people may turn to invest in Gold as a haven from potential financial losses due to rising living costs. 

Gold Coins & Bars 

Investors need to consider additional costs, such as premium prices for special coins or bars and shipping fees or taxes, when buying or selling physical Gold coins or bars.

Another important factor to consider when buying physical Gold is storage fees. Most banks offer safe deposit boxes that provide secure storage for valuable items like jewellery and coins – but these come at a cost, so make sure you factor this into your budget before making any investments! 

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2022 recap

Happy New Year! As we welcome 2023, we thought we would recap the Gold market in 2022. 

In 2022, Gold saw a period of significant changes in the United Kingdom. It was an eventful year for the precious metal, from new regulations to rising prices. Let’s take a look at some of the key developments and what they mean for investors and consumers alike. 

Price Changes 

Gold prices rose significantly during 2022, reaching their highest level since 2011. This was largely due to increased demand from central banks and other institutional investors seeking to diversify their portfolios or hedge against economic uncertainty. This surge in demand led to higher prices across the board, with Gold coins becoming increasingly popular as investments among individuals and institutions.

One of the biggest changes to gold prices in 2022 was due to Brexit. After Britain officially left the European Union on January 1st, it caused great uncertainty in global markets. This instability caused investors to flock to safe-haven investments such as gold, significantly driving its price. 

Regulatory Changes 

The UK government also implemented a few regulatory changes related to Gold. This included the introduction of new rules around how Gold can be traded, including restrictions on who can buy and sell gold bullion bars and coins online. 

These regulations were established to protect consumers from potential fraud or manipulation by rogue traders or dealers. Stricter reporting requirements were also put on companies that deal with Gold trading, aiming to improve transparency and accountability.

The Royal Mint started producing new coins.

Along with the rest of the UK this year, we were deeply saddened by the news of Queen Elizabeth II’s death on September 8th. The coins we use every day started to phase out in December, with new coins being introduced featuring our new King. This year we will start to see new coins featuring King Charles III’s portrait. 

We are looking forward to seeing what 2023 brings!

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Investing in Gold for your child’s future

Investing in Gold can be a great way to ensure that your children have a secure financial future. Gold is a precious metal, and its value tends to appreciate over time, making it an attractive option for diversifying investments. 

Physical Gold is a great way to ensure that your children have something tangible and lasting to pass on through generations. Gold bars, coins, and jewellery are all popular investments. 

What Are the Benefits of Investing in Gold? 

Gold is seen as a hedge against inflation and currency depreciation, meaning that even if prices rise or the value of a currency falls, your investments will still retain their value (or increase) over time. This makes it an ideal long-term investment option. 

Investing in Gold for your children is also tax-advantaged; depending on where you live and how you structure your investments, you can benefit from lower taxes on any profits earned by investing in Gold. 

Things To Consider Before Investing In Physical Gold 

When investing in physical Gold for your children, there are a few things to consider before making any purchase.

  • Research Gold products to find out what best suits your needs and budget. 
  • Make sure you buy from reputable dealers who can provide certificates of authenticity for their products if necessary. 
  • Understand the tax implications of buying, holding and selling physical Gold so you can decide on the best way to invest in this precious metal for your children’s future. 
  • Research insurance and storage to protect the Gold until your children are old enough to look after it themselves. 

Investing in physical Gold is a great way to ensure that you leave something tangible behind for your children when they grow up. It offers many potential benefits, including liquidity and diversification, but some risks are involved, too, so research carefully before making any purchases.

We are always happy to help you with investment advice, but please be aware that we are not financial advisers. It’s important to do your own research before making any investments.

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Buying Gold as a Christmas Gift This Year 

Gold is becoming an increasingly popular gift for Christmas; we’ve put together some of our top reasons why Gold could be the perfect Christmas gift this year. 

The Benefits of Gold Investments 

Gold has a long history of being valuable and has recently gained more attention as an alternative investment option. As the global economy continues to experience uncertain times, Gold can provide stability and protection against inflation. Gold also has a unique quality that sets it apart from other investment options; it holds its value during economic downturns and can even increase in value during these periods. Gold is also easy to purchase and store without worrying about drastic changes in price over time. 

Why Give Gold at Christmas? 

Gold is an ideal Christmas gift because it is both meaningful and personal. Depending on your budget and needs, you can choose from several different types of Gold gifts, such as unique coins, bars, or jewellery. 

Gold is easy to wrap up and put under the tree. Coins come in various sizes, so you can buy one that fits your budget; they also make excellent stocking fillers! For larger gifts like jewellery or bars, just be sure to do your research beforehand so you know exactly what you’re getting before making a purchase. Be careful when buying second-hand items—ensure they are authentic and have certificates of authenticity if possible! 

The person you are buying Gold for will definitely appreciate the thoughtfulness behind your choice to give them something that carries such a significant value. Gold gifts can be tailored to meet any budget size, so you don’t have to worry about breaking the bank when shopping for your loved ones. 

Giving gold as a Christmas gift allows you to make a lasting impression on your loved ones while also providing them with an investment that they can pass down through generations. With its timeless beauty and intrinsic value, giving Gold at Christmas will surely make it a gift to remember!

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3 reasons why you should consider investing in Gold

When it comes to investing, there are many options available. However, one option that has stood the test of time is investing in Gold.

After all, the value of Gold has historically been stable and even increased during times of economic hardship. Gold is also a valuable resource used in various industries, so there will always be a demand for it.

There are many reasons why investing in Gold can be a wise choice. Here are three of our top reasons why it could be a good option for you. 

  1. Gold is a good hedge against inflation

Inflation is when prices of goods and services rise over time. This results in your money-losing purchasing power. When inflation goes up, Gold usually goes up as well. This is because Gold is not affected by paper money printing, which can lead to inflation. Gold also holds its value better than other assets, such as stocks, during periods of economic turmoil. For example, during the 2008 financial crisis, the stock market crashed but Gold prices actually increased. 

  1. Gold is easy to trade. 

If you need to sell your Gold quickly, it’s easy to find buyers who are willing to pay for it. This is because there is high demand for Gold worldwide. You can also buy and sell Gold quickly without worrying about storage or transportation costs like you would with other investments, such as paintings. 

  1. Gold is rare, and it’s a limited resource. 

There is a limited amount of Gold in the world, and miners can only extract a certain amount each year. This makes gold valuable, and it’s unlikely that its value will drop anytime soon. In fact, some experts predict that Gold prices will continue to rise in the coming years. 

These are just some reasons why Gold is a valuable investment. If you’re considering investing in Gold, give us a call, and we can discuss it further. 

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Do I have to pay Capital Gains Tax on Gold in the UK ?

Gold is considered a “tax-free” investment in the United Kingdom. This means you don’t have to pay capital gains tax (CGT) on any profits you make from buying and selling Gold. There are some exceptions to this rule, which we will discuss in more detail below. 

When CGT is Applicable 

There are two main situations when CGT becomes applicable to gold investments in the UK. The first is when you sell gold coins that are considered to be “collectable.” These coins are worth more than their intrinsic value because of their rarity, condition, or history. For example, some old gold coins may be considered collectable because of their age or because they were once used as currency. 

The second situation when CGT may be applicable is if you use your Gold as collateral for a loan. If you default on the loan and the lender sells your gold to recoup their losses, any profits they make from the sale will be subject to CGT. 

Capital Gains Tax is exempt on all British legal currency, including Gold Sovereigns and Gold Britannia coins. 

How Much CGT Do I Pay? 

The amount of CGT you pay depends on your income tax bracket. You can work out your Capital Gains Tax Rates here. In the UK, there are two rates of CGT: 18% and 28%. You will pay 18% CGT on your profits if you are a basic rate taxpayer. You will pay 28% CGT on your profits if you are a higher-rate taxpayer. It’s important to note that CGT is only payable on profits above the annual exempt amount, which is currently £12,300 per year. This means that if your total profits from asset sales do not exceed this amount, you will not have to pay any CGT. 


It is the responsibility of the individual investor to declare any Capital Gains Tax that might be due. In most cases, you will not have to pay capital gains tax on your Gold investments in the UK.

If you are looking to purchase Gold coins and aren’t sure if you will have to pay CGT, call us, and we can advise you further. 

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When is the Best Time to Buy Gold?

Many people view Gold as a safe investment, especially during economic uncertainty. This precious metal has been used as a form of currency for centuries; its value has only increased over time. So, when is the best time to buy Gold?

There are a few things to consider before making any investments, including the current state of the economy and your personal financial goals. In addition, Gold prices can be affected by various factors, including central bank policy, inflation, geopolitical events, and demand from jewellers and other industries. 

Let’s take a closer look at some of the events that can impact the price of Gold.

Central Bank Policy 

One of the most important factors that can impact the price of Gold is central bank policy. In recent years, central banks worldwide have increasingly turned to Gold as a reserve asset. This means they are buying more Gold to hold onto their balance sheets. 

The central banks’ demand for Gold affects the supply and demand in the market, which in turn impacts the price. When central banks buy Gold, it takes it off the market and increases the cost. On the other hand, when they sell Gold, it adds to the supply and puts downward pressure on prices. 

Inflation 

Another factor that can impact gold prices is inflation. When inflation goes up, so does the price of Gold because it retains its value better than other assets such as stocks or bonds. So investors turn to assets like Gold that will hold their value better over time.

Geopolitical Events 

Geopolitical events can also have an impact on gold prices. For example, tensions in North Korea or trade disputes between the U.S. and China can cause investors to flock to safe-haven assets like Gold. When there is uncertainty in the markets, investors tend to move their money into assets that are seen as being more stable. 

Covid 19

The pandemic caused Gold prices to increase by more than 25%. In the past, Gold prices had been relatively stable, but the outbreak of Covid-19 led to a sharp increase in demand for the metal. Investment banks and hedge funds bought Gold as a safe haven asset, and central banks also increased their Gold reserves. The increased demand led to a shortage of Gold, and prices continued to rise in the short term. In the long term, however, Gold prices started to return to their pre-pandemic levels as the pandemic subsided and economic activity picked up.

Demand from Jewelers and Other Industries 

Another factor that affects gold prices is demand from jewellers and other industries that use Gold in their products. For example, if there is an increase in demand for wedding rings or cell phones, this will lead to higher prices for Gold because more businesses will be competing for limited supplies of the precious metal. 

In summary, Gold prices are affected by various factors. Therefore, when considering whether or not to invest in Gold, it’s essential to consider all of these factors before making any decisions.

We are always happy to advise you when you are looking to make your first investment. 

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Gold Investment Tips For Beginners

If you are looking to start investing in Gold, there are a few points to consider before you make your first investment. Gold is a brilliant way of preserving wealth from one generation to another as it has a history of holding its wealth. Its natural scarcity and high production cost are the main reasons it holds value. 

Keeping an eye on the price of Gold 

Keeping an eye on the price of Gold is key. Gold prices are continuously updating; when you are looking to buy Gold, keep an eye out on what is happening in the property and stock exchange markets. Generally, if the other markets are underperforming, then the price of Gold will rise, and many companies and investors will use Gold as their insurance backup. 

With Gold, you have to look at it as a long-term investment. Ideally, you will keep your Gold for many years. Therefore, people buy Gold to have a timeless asset and preserve their wealth to protect them during any financial crisis. 

Different types of Gold investments 

Throughout history, Gold ownership has been reserved for the rich, but we at J Blundell & Sons want to make the ownership of precious metals accessible to everyone. 

There are three main options if you are looking to invest in physical Gold. You can either buy Gold bullion, coins or jewellery. 

In one of our recent blogs, how to invest in Gold, we went into detail about each option and why people choose each option. 

How to keep your Gold investments safe 

Our last blog talked about the three main options for keeping your Gold investments safe and secure. You can either store it at home, in a bullion bank vault or in a safe deposit box/consumer bank. Of course, it is always important to take our appropriate insurance to protect your Gold. 

If you are at the start of your Gold investment journey and would like any advice, you can always give us a call or drop by and see us in Hatton Garden, London.

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How to store your Gold securely. 

In our previous blog, we discussed how to invest in Gold and briefly discussed how to store and insure it. This week we will delve a little deeper into the various ways you can store your Gold securely once you have invested in it. 

There are three main ways you can store your Gold. At home, at the bank or in a secure vault. There are pros and cons for each option which we will discuss below. 

Storing Gold at home

Storing your Gold at home is the cheapest option, but it does come with its risks. If you plan to store at home, you need a home storage plan. It is always a good idea to tell one trusted person where you keep your Gold in your house. 

If you are investing in Gold to protect and preserve your family’s wealth, it is a good idea to tell a trusted family member or friend where you are storing your Gold at home. If you become unwell or have a major accident, you have a trusted person who can get your Gold for you. If more than one person knows where your Gold is stored, then the risk of theft is increased, so it is essential to keep the storage place top secret. 

If you are storing your Gold at home, keeping your Gold investment activity secret would be beneficial, so you don’t become a target. Don’t talk to your friends about your investments or post about investing in Gold on social media. If you have kids, avoid talking to them about your Gold investments, as you don’t know who they are talking to. If you own a large home, drive an expensive car and wear valuable jewellery, you could already be a target for thieves, so it would be better to look at other options for storing your Gold securely. 

If you are storing your Gold at home, it’s essential to take out insurance to cover your Gold in case someone did attempt to steal it. 

Storing Gold in a bullion bank vault 

Storing your Gold in a bullion bank vault is a highly secure option for safekeeping. If you have it in a vault, it remains in your full ownership, and you can keep all of your valuables in one place. You also have the flexibility to sell your Gold or have it delivered to you. Most people who look at storing Gold in vaults are owners of large amounts of Gold; most vaults only accept a minimum of 1,000 oz. 

It costs money to store your Gold inside secure vaults, so that is something to bear in mind when looking for storage options. Also, vault storage usually comes with insurance, so always enquire about it when looking for vaults to store your Gold. 

Bullion bank vaults are usually located in major cities, so this option may not work for you if you live outside a major city. 

Storing Gold in a safe deposit box/consumer bank 

Storing your Gold in a safe deposit box at a local bank is one of the most common storage options. This type of storage is convenient and secure; however, you have to take out your insurance, and you can only access your Gold during the bank’s opening hours. 

A bank like Halifax has three options for safe deposit boxes. The smallest option at £200 per year is perfect for jewellery and Gold coins. The second size, at £325 per year, is ideal for collections of valuables or important documents. Finally, the largest size is £475 per year and is used for single large items such as a valuable Gold bullion bar. 

If you want to invest in Gold, it is crucial to have a well-thought-out storage plan to keep your investment safe and secure. As mentioned above, there are three main ways to store your Gold, it will be down to you to determine which option works best for you, but we can always advise you if you have any further questions.