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7 Questions YOU Need To Ask Before Buying Gold · The Bullion Advantage | Wealth Protection, Politics and Finance Insights From The #1 UK Gold Dealer

• 0:00
  SPEAKER_00: Are you thinking about buying gold?
• 0:03
  SPEAKER_00: Most people know gold can help protect wealth.
• 0:06
  SPEAKER_00: They see central banks buying it, hear about its performance during uncertain times, and understand it's been trusted for thousands of years.
• 0:14
  SPEAKER_00: But there is more to know.
• 0:16
  SPEAKER_00: In this episode, you'll learn the seven most important questions every gold buyer should ask before making a purchase.
• 0:24
  SPEAKER_00: We'll cover everything you need to know so you can successfully protect your wealth.
• 0:28
  SPEAKER_00: Before we begin though, please do remember to like and subscribe if you're listening on YouTube.
• 0:33
  SPEAKER_00: And if you're listening on Spotify or Apple Podcasts, please do follow the show so you never miss an episode.
• 0:39
  SPEAKER_00: Let's get into the seven questions.
• 0:41
  SPEAKER_00: Our senior specialist Blair is here to break this all down and give you all the insights.
• 0:46
  SPEAKER_00: Blair, welcome back to the Bullion Advantage.
• 0:49
  SPEAKER_00: Yeah, hi Jake.
• 0:49
  SPEAKER_00: Good to be here.
• 0:50
  SPEAKER_00: Thank you very much.
• 0:51
  SPEAKER_00: So the first question we want to ask ourselves is why am I buying gold?
• 0:56
  SPEAKER_00: So why is it important to understand why you're buying gold before making your initial purchase?
• 1:01
  SPEAKER_01: Okay, so the reason I feel that it's important to understand why you're buying gold before making a purchase is because it does need to suit you.
• 1:08
  SPEAKER_01: Right.
• 1:09
  SPEAKER_01: Gold has many benefits, but it's not for everybody.
• 1:12
  SPEAKER_01: We all know people that have had gold for 10, 20 years and have made it's very easy to jump on the bandwagon.
• 1:17
  SPEAKER_01: It had a very big year last year and it is very, very popular.
• 1:21
  SPEAKER_01: But you have to remember there's no income from gold, it's all about the price you get in and get out.
• 1:26
  SPEAKER_01: It is a liquid investment, but you need to know that you can sell the gold if you need to.
• 1:31
  SPEAKER_01: And also, is it money that you might need in for a rainy day or that the roof caves in?
• 1:35
  SPEAKER_01: Yeah, you know, you don't want to overexpose yourself.
• 1:37
  SPEAKER_01: So really look at what what you've got financially, what your situation is, where is your money, and how you feel that diversifying into gold, or if gold is your only place you're putting it other than the bank, if that is gonna suit you.
• 1:51
  SPEAKER_00: So people buy gold for multiple different reasons then.
• 1:55
  SPEAKER_01: 100%.
• 1:56
  SPEAKER_01: Some people want pure growth, so they look at historical growth of gold and find that attractive.
• 2:02
  SPEAKER_01: Some people aren't so worried about the gold, they want the protection and the safety.
• 2:06
  SPEAKER_01: You know, cash in the bank, unfortunately, is devaluing.
• 2:10
  SPEAKER_01: If you you have 50,000 in the bank today, when you come back for that in 10 years' time, you're losing three percent a year to inflation, the cost of living is going up.
• 2:18
  SPEAKER_01: Do the math yourself.
• 2:19
  SPEAKER_01: So there are different reasons people buy gold.
• 2:22
  SPEAKER_01: Obviously, you have things like jewellery uh and collectibles, yeah, and but people often just want to diversify, they might just have property, stocks, bonds, and they feel that gold is a is a good addition, but yeah, it's generally growth and and security.
• 2:35
  SPEAKER_01: And people sometimes just want to take control, they don't want to see a number on a screen, they want to have their money tied up in a tangible asset that they feel that they have control over.
• 2:44
  SPEAKER_00: 100%, 100%.
• 2:45
  SPEAKER_00: So, does your objective, or I suppose your financial goal, does that influence the type of gold that you should buy?
• 2:52
  SPEAKER_01: 100% because some gold is is more liquid than others, and it really depends on what type of budget you have.
• 2:59
  SPEAKER_01: Do you want to buy tiny little bars?
• 3:02
  SPEAKER_01: Do you want to buy one big bar?
• 3:03
  SPEAKER_01: Do you have a high, are you in a high tax packet?
• 3:06
  SPEAKER_01: You know, do you want to pay the capital gains on bars or do you want to buy coins where you don't have the tax implications?
• 3:12
  SPEAKER_01: So really work out what you're trying to achieve.
• 3:15
  SPEAKER_01: Talk to someone in the know and and figure out what avenue is gonna be best for you.
• 3:19
  SPEAKER_00: Would you say there are any big mistakes that people do make when they don't have a clear reason for why they're buying gold?
• 3:24
  SPEAKER_01: I think it comes down to exposure.
• 3:26
  SPEAKER_01: You know, if you've got a huge portfolio, you're an ultra-high net worth individual and you want to dip your toe in the market at a small amount, great.
• 3:33
  SPEAKER_01: There's never a bad time or a bad amount to buy, but is it gonna be enough to protect you?
• 3:37
  SPEAKER_01: I see.
• 3:38
  SPEAKER_01: Because the rest of your money is at risk.
• 3:39
  SPEAKER_01: Gold is traditionally known as a hedge.
• 3:42
  SPEAKER_01: Is that gonna cover me?
• 3:43
  SPEAKER_01: Uh adversely, are you overexposed?
• 3:45
  SPEAKER_01: Are you are you jumping on a bandwagon because all your mates made a load of money last year and you just feel that you have to take the£5,000 in your current account and put it all into gold, and then realise a month down the line that you need a new set of tyres?
• 3:57
  SPEAKER_01: Yeah.
• 3:58
  SPEAKER_01: So with anything like this, you really have to make a clear, informed decision, talk to someone in the know uh and go from there.
• 4:04
  SPEAKER_00: Definitely.
• 4:05
  SPEAKER_00: Question number two that we need to ask ourselves before buying what are the main risks that gold has historically helped protect against?
• 4:13
  SPEAKER_01: Historically, gold has always been a safe haven investment, which is why it's so tied to political uncertainty, geopolitical uncertainty, wars.
• 4:23
  SPEAKER_01: They always used to say on Wall Street, put 20% of your money in gold and hope that it never goes up.
• 4:29
  SPEAKER_01: Because what they mean by that is if your gold if your money's in stocks and shares but your gold is going up, it means your money in stocks and shares is losing value.
• 4:38
  SPEAKER_01: So it's always been a way of protecting your money against your other assets devaluing, but also now it's it's day-to-day inflation.
• 4:46
  SPEAKER_01: Gone are the days of of high interest ISES.
• 4:49
  SPEAKER_01: Your current account probably isn't giving you what you feel that you deserve.
• 4:53
  SPEAKER_01: Gold historically has done between 10 and 15% every year, and people will use that to protect against the the one asset that unfortunately will devalue, and that is cash.
• 5:02
  SPEAKER_00: So you'd say it's more of a financial insurance then a hundred percent.
• 5:07
  SPEAKER_01: We get a lot of younger buyers now that were attracted to diversifying into things like crypto but found they don't like the risk once they've lost money.
• 5:16
  SPEAKER_01: But generally, as a financial insurance, it's the perfect method because it shows historically a very steady growth rate.
• 5:24
  SPEAKER_01: And like I say, when things are wobbly, when you know we all live through COVID, we've seen dot-com bubbles, we've seen market crashes, recessions, gold will always always thrive in those situations because it is a safe haven that people run to, yeah, creates demand, and yeah, it's a it's a great way to protect your money, protect your wealth.
• 5:43
  SPEAKER_00: So, how should buyers think about gold as part of a broader wealth protection strategy?
• 5:48
  SPEAKER_00: You just touched on it a little bit there.
• 5:50
  SPEAKER_01: I think if you're got a diverse portfolio and you don't own gold, I definitely think it's worth a conversation.
• 5:56
  SPEAKER_01: Definitely pensions as well, as as I know you've touched on previously from listening to your previous podcasts, most people don't realise that they can have gold in their pension.
• 6:04
  SPEAKER_01: It's a fantastic way of diversifying within a portfolio because then not all of your money is tied to the same financial system.
• 6:13
  SPEAKER_00: Question three that we should ask ourselves before buying gold is how much gold should I own?
• 6:18
  SPEAKER_00: So, why isn't there a one size fits all answer when it does come to your gold allocation?
• 6:24
  SPEAKER_01: It really comes down to what you want out of it.
• 6:26
  SPEAKER_01: So there are different ways of buying gold: jewellery, ETFs, electronically, electronically traded funds, bars, coins, certified coins, and they will all have different benefits and different downsides.
• 6:39
  SPEAKER_01: So you need to ask yourself what your budget is.
• 6:42
  SPEAKER_01: If it's very small, you might want to look at very small bars.
• 6:45
  SPEAKER_01: However, that it can be quite an expensive way to buy gold.
• 6:48
  SPEAKER_01: If it's very, very large and you're gonna pay a lot of tax on a larger bar, then you might want to look at coins.
• 6:54
  SPEAKER_01: It really depends on your liquidity issue.
• 6:57
  SPEAKER_01: Do you want to cash parts of this in in the future, or are you just gonna let it all sit there and grow and cash the lot in in 10 years?
• 7:03
  SPEAKER_01: If you do want that liquidity, you might want to look at breaking your uh gold allocation down into smaller parts.
• 7:10
  SPEAKER_01: So it really different things will suit different people.
• 7:13
  SPEAKER_01: We get a lot of people that are buying this for a future generation, they might have five grandchildren.
• 7:17
  SPEAKER_01: So if you've got£20,000 and you need to split that five ways, there's obviously gonna be a different answer to if you just want it in one big lump.
• 7:25
  SPEAKER_01: Yeah, for example.
• 7:26
  SPEAKER_00: Exactly.
• 7:27
  SPEAKER_00: So, in your specialist opinion, should gold be viewed as a standalone asset or part of a more diversified portfolio?
• 7:35
  SPEAKER_01: Good question, actually, Jake.
• 7:37
  SPEAKER_01: I can never argue that diversification is a bad thing.
• 7:39
  SPEAKER_01: I think it's it's important to spread your money around but know where it is and know what it's gonna do.
• 7:45
  SPEAKER_01: Don't just buy stocks and shares for the sake of it, don't just buy gold for the sake of it.
• 7:48
  SPEAKER_01: Think what you're gonna get from each, what the risks are in each, and spread your money around.
• 7:53
  SPEAKER_01: That said, if you've never bought anything like this before, it doesn't mean gold can't be your first point of call.
• 7:59
  SPEAKER_01: It often is for a lot of people that are very safety and security-minded because it can never devalue to zero, and then you can diversify from there.
• 8:07
  SPEAKER_01: Some people that are very bullish on gold like to diversify within gold, different types of gold, different liquidity, different different tactic implications.
• 8:16
  SPEAKER_01: So I would recommend diversification.
• 8:18
  SPEAKER_01: Gold is a fantastic part of any portfolio, and I feel like it should be in every portfolio.
• 8:22
  SPEAKER_00: So on to question four what gold is right for me?
• 8:26
  SPEAKER_00: So, what are the main differences when it comes to gold coins and gold bars?
• 8:30
  SPEAKER_01: The main difference between gold coins and gold bars is capital gains.
• 8:35
  SPEAKER_01: Right.
• 8:35
  SPEAKER_01: We use gold bars for people's pensions, we use regulated pension providers that will uh move money from a SIP to uh pension for them, and then we will provide the gold in bar form.
• 8:45
  SPEAKER_01: You sell pay the taxes on your pension, but not the capital gains.
• 8:49
  SPEAKER_01: If you make a retail purchase of bars, you are liable for capital gains, although you do get very close to the spot price, so you need to weigh that up with gold coins.
• 8:59
  SPEAKER_01: British gold coins are completely tax free.
• 9:01
  SPEAKER_01: As you know, the government now wants tax on any savings over three and a half thousand pounds, so there's not a lot of leeway.
• 9:08
  SPEAKER_01: So gold coins are the mainstay of a lot of people's gold portfolio because in British form they are completely tax free.
• 9:15
  SPEAKER_01: Right.
• 9:15
  SPEAKER_01: They also have collectability factor as well, so you'll notice, especially with limited mintages, certain years down the line are worth a lot more than others.
• 9:25
  SPEAKER_00: Right.
• 9:25
  SPEAKER_00: When it comes to what gold you buy again, how important is liquidity when you're deciding what you're buying?
• 9:31
  SPEAKER_01: It may be important to you, or it may be not.
• 9:33
  SPEAKER_01: It's really down to the individual buyer.
• 9:35
  SPEAKER_01: You might just want pure growth, or you might want to, like with a pension, broken up into smaller bars, you might want to cash in as you go.
• 9:43
  SPEAKER_01: It really depends on on the individual.
• 9:45
  SPEAKER_01: Gold is a very liquid asset, you can sell it anywhere, you can take it abroad, no problems for the airport, and you can sell it there.
• 9:51
  SPEAKER_01: It's really down to the individual what you want to do.
• 9:55
  SPEAKER_01: We always say don't overexpose yourself, but the money is, you know, you never know what's around the corner.
• 9:59
  SPEAKER_01: And in gold, especially if you own your own gold, the money's there if you need it.
• 10:04
  SPEAKER_00: Right.
• 10:04
  SPEAKER_00: So, do you think there's a certain gold product that's better suited for a first-time buyer?
• 10:09
  SPEAKER_01: I do get asked that quite a lot, and again, it it depends on the individual.
• 10:14
  SPEAKER_01: There are certain things for a first-time buyer that are very important.
• 10:17
  SPEAKER_01: Firstly, is who are you buying your gold from and where are you getting it from?
• 10:20
  SPEAKER_01: Some of the coins are certified by the PCGS.
• 10:23
  SPEAKER_01: Okay.
• 10:24
  SPEAKER_01: This is an organization that runs worldwide, they are based in Paris and the US.
• 10:29
  SPEAKER_01: This is often popular with first-time buyers, so they know they're getting a guaranteed, genuine, authenticated product, right?
• 10:35
  SPEAKER_01: Which does make it a lot easier to sell.
• 10:37
  SPEAKER_01: There's no testing needed, it's been done by the PCGS.
• 10:40
  SPEAKER_01: Sometimes people like to dip their toe in very small and just test out the process of a company, the customer service, the delivery.
• 10:47
  SPEAKER_01: Yeah.
• 10:47
  SPEAKER_01: As I mentioned previously, that is a very expensive way to buy gold.
• 10:51
  SPEAKER_01: If you can sacrifice some liquidity, you will get better value by buying slightly bigger denominations.
• 10:56
  SPEAKER_00: Understood.
• 10:57
  SPEAKER_00: One of the main reasons we want to own gold is for tax efficiency.
• 11:02
  SPEAKER_00: So the fifth question you need to ask yourself before buying is am I structuring my gold in the most tax efficient way?
• 11:08
  SPEAKER_00: So why should UK buyers particularly pay attention to tax efficiency?
• 11:12
  SPEAKER_01: Well, as you know, as I mentioned, the tax on savings now is the fresh show is only three and a half thousand pounds.
• 11:17
  SPEAKER_01: That's crazy.
• 11:18
  SPEAKER_01: Capital gains is an issue for a lot of people.
• 11:21
  SPEAKER_01: So this is why so many people want to move asset classes into gold, in particular coins, because they are tax free.
• 11:28
  SPEAKER_01: It doesn't affect your capital gains on anything else, and it's just a a better way to protect your money and not have to worry about the tax implications that are unfortunately rife in the UK.
• 11:40
  SPEAKER_00: I see.
• 11:40
  SPEAKER_00: So what makes True the Beast coins and other UK gold coins so popular?
• 11:45
  SPEAKER_01: Yeah, great question.
• 11:46
  SPEAKER_01: So all British coins are generally pretty popular.
• 11:49
  SPEAKER_01: They're they've got the monarch on them, which has a worldwide appeal.
• 11:52
  SPEAKER_01: Um, and obviously for for people in Britain, there is the tax benefit of a British coin.
• 11:57
  SPEAKER_01: Angel True the Beast coins are particularly popular with our buyers because they're made in such small numbers.
• 12:04
  SPEAKER_01: Okay.
• 12:05
  SPEAKER_01: So we often will get these coins certified to protect the condition of the coin, to guarantee it's authentic if you if you own one, and then when you want to sell it, there's no testing required.
• 12:16
  SPEAKER_01: Once these coins sell out, they're gone.
• 12:18
  SPEAKER_01: Yeah.
• 12:18
  SPEAKER_01: They're often minted in numbers of 5,000, very small in the grand scheme of things, which can cause a lot of demand down the line once you can't get them on first release, right?
• 12:29
  SPEAKER_01: Which is very, very popular for people looking to grow their money even further.
• 12:33
  SPEAKER_00: Right.
• 12:33
  SPEAKER_00: So, what does it mean exactly when a coin is classed as legal tender, a gold coin?
• 12:39
  SPEAKER_01: Yeah, it's a really good question, actually.
• 12:40
  SPEAKER_01: And this has come up a few times with people that have bought gold, especially for the first time.
• 12:44
  SPEAKER_01: So the coins themselves you will notice have a legal tender value.
• 12:49
  SPEAKER_01: So take a Britannia, for example, one ounce of gold.
• 12:52
  SPEAKER_01: Right now, the spot price for gold is over£3,000, but the coin itself has a hundred pounds legal tender value in it.
• 13:00
  SPEAKER_01: This doesn't mean that's the value of the coin, but it does mean you could spend that coin for£100.
• 13:05
  SPEAKER_01: You wouldn't want to, though.
• 13:06
  SPEAKER_01: You would be crazy, but you could technically go into MS and buy your shopping with a gold Britannia value of£100.
• 13:14
  SPEAKER_01: This is why they're tax-free.
• 13:15
  SPEAKER_01: Gold bars do not have a legal tender value, but gold coins do.
• 13:19
  SPEAKER_01: You'll notice a sovereign has a£25 value, Britannia has a£100 value, and it dates back to the days where the metal was worth less than the tender value, a little bit like a note.
• 13:31
  SPEAKER_01: Okay.
• 13:32
  SPEAKER_01: You know, a£20 note, it's basically a£20 IOU, but the paper itself isn't worth much.
• 13:36
  SPEAKER_01: Right.
• 13:37
  SPEAKER_01: This was once the case of gold.
• 13:38
  SPEAKER_01: Now obviously the gold is worth way more than the legal tender value, but they've kept that on there, and that's what makes them tax-free.
• 13:43
  SPEAKER_00: I see.
• 13:44
  SPEAKER_00: How can choosing the right products really improve long-term outcomes?
• 13:48
  SPEAKER_01: So if you are a long-term holder of gold, which gold has historically been a long-term product for growth, choosing the right products is important because certain coins will go up in value more than others over a period of time.
• 14:03
  SPEAKER_01: Right.
• 14:03
  SPEAKER_01: In 10 years, we have two coins next to each other today.
• 14:06
  SPEAKER_01: One might be worth slightly less, but it might be much more available.
• 14:10
  SPEAKER_01: Okay.
• 14:10
  SPEAKER_01: One that's been made in limited mintage might be part of a set, huge collectibility value in 10 years' time are going to be much, much harder to get hold of.
• 14:18
  SPEAKER_01: Right.
• 14:19
  SPEAKER_01: If they are kept in perfect condition, which the grading process will do, as I mentioned earlier, this is likely to fetch a much higher price in the future.
• 14:28
  SPEAKER_00: Okay.
• 14:29
  SPEAKER_00: On to the sixth question: how easy will it be to sell in the future?
• 14:33
  SPEAKER_00: So, why is it important to think about selling before you've even bought the gold?
• 14:38
  SPEAKER_01: When you go to sell your gold, it could be circumstantial, it could be part of a plan that you put in place when you bought the gold.
• 14:45
  SPEAKER_01: Just need to think why are you buying the gold?
• 14:47
  SPEAKER_01: How well has it done for you?
• 14:49
  SPEAKER_01: Yeah.
• 14:49
  SPEAKER_01: Do you feel that it's going to continue to grow?
• 14:51
  SPEAKER_01: If so, is it very important that you must have the money right now?
• 14:55
  SPEAKER_00: Are some types of gold easier to sell than other types of gold?
• 14:59
  SPEAKER_01: In a way, yes.
• 14:59
  SPEAKER_01: So bars can be sold anywhere, they're sold around spot.
• 15:02
  SPEAKER_01: So you'll pay a few percentage points over spot to buy it.
• 15:06
  SPEAKER_01: And remember, I said the smaller the bar, the more expensive.
• 15:08
  SPEAKER_01: Yeah.
• 15:09
  SPEAKER_01: And then again, you'll be charged maybe something typically 5% on the high street to sell the bar.
• 15:13
  SPEAKER_01: So you'll take a little hit there.
• 15:15
  SPEAKER_01: Um most people like to wait until gold has gone up at least 10% before they sell the bar and remember you're you're liable for CGT.
• 15:21
  SPEAKER_01: Makes sense.
• 15:22
  SPEAKER_01: Gold coins are the same, but they're tax-free.
• 15:24
  SPEAKER_01: The graded gold coins, there are no issues with authenticity, condition, value, and they can be done over the phone.
• 15:32
  SPEAKER_01: We buy back a lot of coins off our own clients that have bought graded because we can simply reference that number with the PCGS, know what it is, and give them a price over the phone.
• 15:42
  SPEAKER_01: Loose coins will need to be tested just to make sure they are as advertised.
• 15:47
  SPEAKER_01: Um, so it could cause a slight delay there.
• 15:49
  SPEAKER_01: And again, they're done at spot at scrap value.
• 15:52
  SPEAKER_01: So they loose coins are normally sold right now, maybe even up to 10% over the spot, and then you might be charged typically maybe three up to eight percent to sell again.
• 16:01
  SPEAKER_01: So although they're a cheaper entry level, there is an added cost there when you sell.
• 16:07
  SPEAKER_01: But generally, all gold is quite liquid, you just need to be aware of the costs when you sell.
• 16:12
  SPEAKER_01: Um, and so most people are gonna want to make sure that the gold has gone up at least enough to cover that.
• 16:16
  SPEAKER_00: I see.
• 16:17
  SPEAKER_00: So, how can buyers avoid creating unnecessary complications for themselves later on?
• 16:22
  SPEAKER_01: Yeah, good question.
• 16:23
  SPEAKER_01: So make sure you've got someone that can buy the gold back off you at a fair price and have that clearly agreed before you sell.
• 16:30
  SPEAKER_01: Okay.
• 16:30
  SPEAKER_01: And also with the certified coins, like I mentioned, is a much easier selling process because they are what they say they are.
• 16:37
  SPEAKER_01: I see.
• 16:37
  SPEAKER_01: So it's it's easy it'd be easier to sell on the day should you need to.
• 16:41
  SPEAKER_01: And you can agree a price based on the PCGS grade and serial number rather than kind of being haggled and going from shop to shop with loose gold that you may have paid a bit more for.
• 16:51
  SPEAKER_01: Yeah.
• 16:51
  SPEAKER_01: Um, but you're only gonna get the scrap value for because it is loose.
• 16:55
  SPEAKER_00: I see.
• 16:55
  SPEAKER_00: So, final question, question seven, possibly the most important one.
• 16:59
  SPEAKER_00: Who am I buying from?
• 17:00
  SPEAKER_00: So, what should people look for when choosing a gold dealer?
• 17:03
  SPEAKER_01: Good question.
• 17:04
  SPEAKER_01: So, I think what people want is a fair deal from someone they can trust.
• 17:08
  SPEAKER_01: Yeah, it really comes down to the company you're buying from.
• 17:12
  SPEAKER_01: Look at company history, how long have they been trading?
• 17:14
  SPEAKER_01: How are their are their customers happy?
• 17:17
  SPEAKER_01: You know, we always like to say check us out on company's house, have a look at our history of the company, have a conversation, come and meet us in person if you want.
• 17:26
  SPEAKER_01: There's no stone that can be left unturned, and just make sure you've got all the facts that you need to before you buy, who you're dealing with should be able to provide you with every single bit of information you need to feel comfortable to make a purchase.
• 17:38
  SPEAKER_00: But would you say guidance is just as important as the physical gold that you're buying?
• 17:42
  SPEAKER_01: Yeah, guidance is super important.
• 17:44
  SPEAKER_01: It's a really about education.
• 17:46
  SPEAKER_01: The person you're buying gold from should be helping you through the process, giving you all the information you need based on the information you've given them, liquidity, growth.
• 17:55
  SPEAKER_01: You should never feel like you're being sold to.
• 17:57
  SPEAKER_01: It should be educational, informative, so that you have enough information to say, yes, this is for me, or no, not this time.
• 18:06
  SPEAKER_01: Right.
• 18:07
  SPEAKER_01: Simple as that.
• 18:08
  SPEAKER_00: So, how can working with an experienced provider and dealer help buyers avoid making unnecessary mistakes?
• 18:15
  SPEAKER_01: Because an experienced provider like ourselves has all the knowledge in the market over the last 11 years.
• 18:20
  SPEAKER_01: We've got access to sources of information that you might not immediately think are relevant.
• 18:27
  SPEAKER_01: We are gonna be informative, non-pressure, and really try and find the right product for you rather than trying to sell what we might have in stock that day.
• 18:38
  SPEAKER_01: You know, we have a huge portfolio ourselves and we can expose you to all different types of gold, really what else what what what suits you.
• 18:45
  SPEAKER_01: Some of the smaller companies or or new companies may be specializing in one thing, so they may be leaning towards that.
• 18:51
  SPEAKER_01: Though we have a a wide range of products here that we can we can show you and really find out what suits you.
• 18:57
  SPEAKER_00: Cover all bases.
• 18:58
  SPEAKER_00: Really important question Are there any particular warning signs that people should look out for?
• 19:03
  SPEAKER_01: Yes, you need to do your due diligence.
• 19:05
  SPEAKER_01: Now, everyone has to start somewhere, but company history does help.
• 19:09
  SPEAKER_01: Websites, are you able to go to because not many not many gold bullion vendors will have a shop?
• 19:17
  SPEAKER_01: So are you able to go to the office, meet the person in person?
• 19:21
  SPEAKER_01: Do you feel like you're being pressured?
• 19:23
  SPEAKER_01: That's a big one.
• 19:24
  SPEAKER_01: It should always be your decision.
• 19:26
  SPEAKER_01: And ultimately, your own due diligence is is really important.
• 19:29
  SPEAKER_01: I always encourage people as soon as we put down the phone or as soon as we've left the meeting to go and do as much research on me and the company, the directors, as they can, to make them feel completely comfortable.
• 19:42
  SPEAKER_01: And if there's any questions, please ask them before you buy.
• 19:45
  SPEAKER_01: We'll never rush you into a purchase.
• 19:48
  SPEAKER_01: Um and you should never feel rushed.
• 19:50
  SPEAKER_00: No, definitely not.
• 19:51
  SPEAKER_00: If someone was to take one thing away from what we've spoken about today, what would you say it would be?
• 19:56
  SPEAKER_01: I think the one takeaway, if you don't own gold already, is look at where your money is.
• 20:05
  SPEAKER_01: Do you know exactly with your stocks and shares, ISA, with your pension, do you know exactly where it's been put?
• 20:10
  SPEAKER_01: What's it giving you?
• 20:11
  SPEAKER_01: Yeah.
• 20:11
  SPEAKER_01: Look at inflation.
• 20:13
  SPEAKER_01: Um, and I think the one thing is is the idle cash in the bank, that cash that is sitting there devaluing three percent every year, every year.
• 20:20
  SPEAKER_01: I mean the BBC said it could even go up with inflation.
• 20:23
  SPEAKER_01: So it's that cash that you need to protect because it's as we speak, it is devaluing all the time, and gold we feel is a perfect way to protect you against that.
• 20:34
  SPEAKER_00: So you're saying that buying gold successfully is less about trying to time the market and more about just getting and put in and participating.
• 20:43
  SPEAKER_01: Yeah, I do because we I hear this quite a lot that people want to try and time the market perfectly, and then what I also hear a lot is I wish I did it when I first looked.
• 20:51
  SPEAKER_01: Yeah, because it was X amount an ounce then and now it's Y, which is which is more than it was um when I first looked, and people often regret not doing it that first time.
• 21:03
  SPEAKER_01: So I always say to people, there's never a bad time to buy gold.
• 21:07
  SPEAKER_01: Historically, it's always gone up in time.
• 21:09
  SPEAKER_01: There are obviously going to be dips in the market and times when you can cash in on a on a slightly lower price.
• 21:16
  SPEAKER_01: Now is a good example with the Iran War, the Straits of Hormost blocked.
• 21:20
  SPEAKER_01: It's caused ripple effects economically around the world, countries selling off their gold to pay for the war, industry slowing down, glass manufacturing packaging, and and it and it's caused a demand for the dollar through US Treasury bonds, which ultimately means more gold for your money, which actually brings the price of gold down.
• 21:35
  SPEAKER_01: So we we're in a a little low, a little lull after an all-time high.
• 21:39
  SPEAKER_01: Historically, every time we've seen an all-time high, we see recover back up higher than that high.
• 21:46
  SPEAKER_01: So you can sit around and wait for these forever, but historically, if you get involved in gold and come back for it in a certain period of time, you're likely to see growth.
• 21:56
  SPEAKER_01: But again, it does depend on what length of time you want to hold the gold for.
• 22:00
  SPEAKER_01: Long after we're gone and our children are gone.
• 22:03
  SPEAKER_01: If you look at historical performance, gold will be higher than it is now.
• 22:08
  SPEAKER_01: So it's it's never, I don't feel, a bad time to be uh buying gold.
• 22:13
  SPEAKER_00: Buying gold is straightforward, but asking the right questions before you buy can make all the difference.
• 22:19
  SPEAKER_00: Understanding why you're buying gold, what risks you're protecting against, and how much you should own can really help you make better decisions.
• 22:28
  SPEAKER_00: Gold remains one of the best wealth protection assets available.
• 22:32
  SPEAKER_00: It's simply a physical value you can hold in your hand.
• 22:35
  SPEAKER_00: And remember, 22 and 24 karat gold is VAT free.
• 22:40
  SPEAKER_00: And UK gold coins, such as the Angel or Twitter Beast coins, they're completely free from capital gains tax as well.
• 22:47
  SPEAKER_00: That's for UK residents because they're fast as legal tender.
• 22:50
  SPEAKER_00: That's why so many people choose gold as part of their long-term wealth strategy.
• 22:55
  SPEAKER_00: If you'd like more information, please do head over to guide.directbullion.com where you can download our guide to tax-free gold.
• 23:03
  SPEAKER_00: It's packed with information you won't get anywhere else.
• 23:05
  SPEAKER_00: Remember, if you are watching on YouTube, please do remember to like and subscribe.
• 23:10
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• 23:16
  SPEAKER_00: As always, do leave your questions in the comments below and we'll answer them in the next podcast.
• 23:21
  SPEAKER_00: Thanks again for listening to the Fully Investigation.
• 23:24
  SPEAKER_00: Stay informed, stay prepared, and most importantly, stay golden.
• 23:28
  SPEAKER_00: The purchase of gold does not constitute an investment or offer financial returns.
• 23:33
  SPEAKER_00: Gold is considered a store of value and not an investment product.
• 23:36
  SPEAKER_00: Past performance of gold is not indicative of future performance.
• 23:40
  SPEAKER_00: Prices and values of precious metals can fluctuate and are influenced by various market factors.
• 23:45
  SPEAKER_00: Direct bullion does not provide investment or tax advice and recommends that you conduct your own independent research before making any purchasing decisions.