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Transcript

Why Gold is Replacing the Cash ISA + Andy Burnham's Spending Challenge · The Bullion Advantage | Wealth Protection, Politics and Finance Insights From The #1 UK Gold Dealer

• 0:00
  SPEAKER_00: For generations, saving money has been one of the simplest financial strategies we can all implement.
• 0:07
  SPEAKER_00: Put money aside regularly, build up a safety net, and prepare for the future.
• 0:11
  SPEAKER_00: But what if the way we've always saved is soon to change?
• 0:15
  SPEAKER_00: The government has proposed changes to cash items that could damage how millions of people save their money.
• 0:21
  SPEAKER_00: At the same time, inflation continues to erode purchasing power, and many traditional savings accounts still struggle to keep pace.
• 0:29
  SPEAKER_00: It's prompting more people to look beyond conventional savings and explore better ways to preserve what they've worked so hard to build.
• 0:36
  SPEAKER_00: We'll also discuss the latest developments in the UK economy, including fresh concerns over government borrowing, taxation, and the biggest financial stories making headlines this week.
• 0:47
  SPEAKER_00: These could all impact your wealth.
• 0:49
  SPEAKER_00: By the end of this episode, you'll have a clear understanding of how the proposed ICE reforms could affect your savings, why gold is becoming an increasingly popular alternative for many people, and what practical steps you can take to better protect your money in this concerning financial landscape under this Labour government.
• 1:08
  SPEAKER_00: Before we begin though, please do remember to like and subscribe if you're listening on YouTube.
• 1:12
  SPEAKER_00: If you're listening on Spotify or Apple Podcasts, please do follow the show so you never miss an episode.
• 1:18
  SPEAKER_00: Blair's here to break this all down.
• 1:20
  SPEAKER_00: Thank you so much for coming back on the podcast, Blair.
• 1:22
  SPEAKER_00: Really appreciate it.
• 1:23
  SPEAKER_01: Yeah, hi Jake.
• 1:24
  SPEAKER_01: Thanks for having me back again.
• 1:25
  SPEAKER_00: First things first, why has saving become so much harder over the last decade or so?
• 1:30
  SPEAKER_01: Well, yeah, it's a combination of factors really.
• 1:33
  SPEAKER_01: It's made it way more challenging.
• 1:35
  SPEAKER_01: The obvious ones, you know, housing, energy, food have all risen significantly.
• 1:39
  SPEAKER_01: Yeah.
• 1:39
  SPEAKER_01: But I think inflation is probably the biggest killer.
• 1:43
  SPEAKER_00: It's always a major one, isn't it?
• 1:44
  SPEAKER_01: We used to, or our parents would would leave cash in the bank and it would be relatively safe.
• 1:50
  SPEAKER_01: Now we could dive into the security of those monetary systems.
• 1:55
  SPEAKER_01: But in terms of what's happening to your pound, inflation is now higher than the interest in your current account.
• 2:02
  SPEAKER_01: So any money that is sitting there is dying.
• 2:05
  SPEAKER_01: And not only that, the cost of living is at an all-time high.
• 2:08
  SPEAKER_01: Exactly.
• 2:08
  SPEAKER_01: Everything, you know, my fuel I drive in from Kent all the way to London.
• 2:12
  SPEAKER_01: I must be doing six, seven hundred pounds a month in petrol.
• 2:15
  SPEAKER_01: So even if I had a pay rise, it wouldn't be in line with the costs of living my life.
• 2:20
  SPEAKER_01: And again, the tax thresholds they have not changed now since sort of just after COVID.
• 2:26
  SPEAKER_01: Exactly.
• 2:26
  SPEAKER_01: But we're in it, like I say, if you did get a pay rise, you're creeping closer and closer to the tax threshold.
• 2:31
  SPEAKER_01: So but but really it's about inflation and the cost of living.
• 2:35
  SPEAKER_01: Your money in the bank is no longer protected because every day it's just worth less and less.
• 2:42
  SPEAKER_00: But why are so many savers questioning traditional savings accounts today?
• 2:47
  SPEAKER_01: Because of falling interest rates in those accounts.
• 2:50
  SPEAKER_01: Okay.
• 2:50
  SPEAKER_01: You know, cash they yeah, they they provide a a level of security and the easy access to the cash, but that interest doesn't rise with inflation.
• 2:58
  SPEAKER_01: So as previously mentioned, every day your cash is is worth less, unfortunately.
• 3:03
  SPEAKER_00: Yeah, even though the numbers on the screen might be going up.
• 3:06
  SPEAKER_00: So the government is proposing big changes to cash ICEs.
• 3:10
  SPEAKER_00: What exactly is changing?
• 3:12
  SPEAKER_01: Right, so this this is a big question because most people we speak to her have relied on ICEs.
• 3:18
  SPEAKER_01: You hear previous generations talking about interest rates that you wouldn't even believe on an ISA nowadays.
• 3:23
  SPEAKER_01: So the big changes are cash is capped at 12,000 and the rest needs to be in stocks and shares.
• 3:30
  SPEAKER_01: Now cash is now going to be taxed at around 22 over 22%, okay, which uh no longer means your your ISA is tax-free.
• 3:39
  SPEAKER_01: So they rather than say we're reducing ISES to 12,000, they've kept it at 20, but the other eight has to be in stocks and shares.
• 3:46
  SPEAKER_01: Now any funds or indexes that are you know bundles of stocks and shares are going to be taxed as cash.
• 3:52
  SPEAKER_01: So as an incentive, they framed it as a good thing, it's an incentive to encourage money to go into UK businesses.
• 3:57
  SPEAKER_01: Yeah, exactly.
• 3:58
  SPEAKER_01: However, which is never a bad thing, but it does pose way more risk for the man on the street.
• 4:04
  SPEAKER_01: So that 8,000, unless you pick those stocks and shares yourself, which as we could probably figure in this current economy, this current climate is quite high risk.
• 4:13
  SPEAKER_01: Yeah, unless they've picked yourself, they will be taxed as cash.
• 4:18
  SPEAKER_01: So yeah, do without what you want.
• 4:22
  SPEAKER_00: No, no.
• 4:23
  SPEAKER_00: So what exactly is the difference between a cash ISA and a stocks and shares ISA that people should really understand?
• 4:29
  SPEAKER_01: Yeah, so a cash ISO works like a savings account.
• 4:31
  SPEAKER_01: Your capital doesn't fluctuate, any interest earned was tax-free with ISA rules.
• 4:38
  SPEAKER_01: Was a stocks and shares ISA will put your money into things such as funds or shares, meaning that the value can go up or down.
• 4:47
  SPEAKER_01: It will obviously offer a potential better return, but massively increases the risk.
• 4:53
  SPEAKER_00: I see, I see.
• 4:54
  SPEAKER_00: So what who do you think will be most affected by these changes that are being proposed?
• 4:59
  SPEAKER_01: It's anyone with an ICE.
• 5:00
  SPEAKER_01: The under 65s in particular, I think more and more young people are looking for more diversification or maybe more autonomy over their own portfolios.
• 5:08
  SPEAKER_01: But people that rely heavily on the cash ICEs as their primary savings vehicle will be most affected.
• 5:14
  SPEAKER_00: Yeah, for sure.
• 5:15
  SPEAKER_00: So you mentioned it a little bit earlier, but is earning interest the same as preserving your wealth?
• 5:20
  SPEAKER_01: If you were getting a higher interest rate than inflation, right.
• 5:24
  SPEAKER_01: So right now, not necessarily, and and most probably not.
• 5:29
  SPEAKER_01: It really matters what what return you're getting after inflation, and then on top of that, some things have risen above inflation.
• 5:35
  SPEAKER_01: So for example, since COVID, the cost of food has gone up 50%.
• 5:39
  SPEAKER_01: Yeah, crazy.
• 5:40
  SPEAKER_01: So yes, if you can beat or match inflation with a with a with a savings savings ISO or an account, fantastic.
• 5:46
  SPEAKER_01: But in terms of actually preserving your wealth, you will most probably now need to look at more diversification to cover the cost of living.
• 5:54
  SPEAKER_00: Why do you think so many people underestimate the long-term impact of inflation?
• 5:58
  SPEAKER_01: It's probably because it works so gradually.
• 6:06
  SPEAKER_01: Small annual increases will steadily reduce that purchase in power.
• 6:11
  SPEAKER_01: It's a bit like you know, so from so from day to day, the day goes by, effectively your cash is devaluing every day, but you don't notice it days.
• 6:18
  SPEAKER_01: You don't see it happening.
• 6:20
  SPEAKER_01: But then you look at the the value of say 10k over 10 years, if you've lost 3.3% a year, for example, over 10 years, it's a big chunk.
• 6:28
  SPEAKER_01: It's a like it's like the frog analogy.
• 6:30
  SPEAKER_01: Yeah, if you throw a frog in boiling water, it jumps straight out.
• 6:34
  SPEAKER_01: But if you put it in cold water and turn the heat up slowly, it'll boil to death.
• 6:37
  SPEAKER_00: Yeah, so true.
• 6:38
  SPEAKER_00: So true.
• 6:39
  SPEAKER_00: So if you were to start from scratch today, saying you're just looking to put some money away, how would your approach be different to perhaps starting 20 years ago?
• 6:48
  SPEAKER_01: To put it bluntly, less cash.
• 6:49
  SPEAKER_01: Less cash, less cash, more diversification, making sure again, like we covered, you are beating inflation because we're at a a point now where the cost of living inflation versus the value of cash is so far apart.
• 7:04
  SPEAKER_01: That would be the main strategy I think that people would have to look at is is holding less cash and try and put money into assets that are gonna protect them and give them as less risk as possible.
• 7:15
  SPEAKER_00: So why are so many people turning to gold now as an alternative?
• 7:20
  SPEAKER_01: Yeah, I I can I can see this one, and it's something I've done myself, and I do do myself.
• 7:25
  SPEAKER_01: You know, gold has always been historically viewed as a store of value, particularly during periods of economic uncertainty.
• 7:32
  SPEAKER_01: Inflation, as we mentioned, market volatility, um, it doesn't generate income.
• 7:38
  SPEAKER_01: But if you look at any given period in time, history of the last five years, the last ten years, the last twenty years, in something as tangible and as decentralized and something that you control, it's very difficult to find anything that will beat the returns, let alone the security.
• 7:52
  SPEAKER_01: Unless you got super lucky on a stock or a share that might happen once in a lifetime for one person you've ever met.
• 7:59
  SPEAKER_01: Gold does it repeatedly over and over again, and it's like a snowball.
• 8:04
  SPEAKER_01: You know, it like it used to be the cash under the mattress brigade, but now it gets a lot of younger people buying gold because not only the returns are attractive, but there are less and less liquid options for people to put their money.
• 8:17
  SPEAKER_00: Yeah, bringing the topic sort of more towards the UK, what role can UK gold coins play in someone's overall savings strategy?
• 8:26
  SPEAKER_01: Yeah, well, UK gold coins are a great place to start because they are still legal tender, so they receive favorable tax treatment in the UK.
• 8:34
  SPEAKER_01: They're they're tax-free, you don't pay capital gains.
• 8:37
  SPEAKER_01: And that's an that is another thing that we've seen with past governments is reducing your threshold for capital gains, so you're paying tax much, much sooner on any profit on savings.
• 8:47
  SPEAKER_01: Well, there's almost nothing now, isn't it?
• 8:49
  SPEAKER_01: Is it three thousand pounds?
• 8:50
  SPEAKER_01: It is yeah, it's around there, and you know, they they rather than abolish it, they've reduced it, reduced it, reduced it, which I think we can start to see being mirrored in ICES, as we've previously mentioned.
• 8:59
  SPEAKER_01: And yeah, UK gold coins state the obvious, they're made of gold, which over a period of time has seen fantastic returns, but they can be sold anywhere, they can be taken anywhere.
• 9:12
  SPEAKER_01: Uh, the growth, the tax it's very, very attractive.
• 9:16
  SPEAKER_01: So, as a part of a portfolio, if you if you are thinking about moving some of your wealth into gold, whether it be for the growth or the security, gold coins in particular, because of their tax benefits uh uh and their liquidity, is it is a great place to start looking.
• 9:30
  SPEAKER_00: Are there any particular coins that are proving the most popular at the moment?
• 9:33
  SPEAKER_01: Yeah, of course.
• 9:34
  SPEAKER_01: So you have your Britannnias and your sovereigns and your half sovereigns that we that we all know and we all we all love and we all trust.
• 9:40
  SPEAKER_01: These will give you all of the benefits I previously mentioned, but as well the roll mint, they will produce limited runs of coins that have all those benefits and sometimes a high desirability, high collectability.
• 9:53
  SPEAKER_01: Once they're gone, they're gone.
• 9:54
  SPEAKER_01: So in years to come, you can find yourself with uh something that may be worth a little bit more.
• 10:00
  SPEAKER_01: These would be if I think of a couple that are available right now, the Georgian Dragon, 10,000 estimated mintage, and that's it.
• 10:07
  SPEAKER_01: The Angel coin, 5,000 minted.
• 10:09
  SPEAKER_01: Wow, and you've also got the Beast series.
• 10:11
  SPEAKER_01: You know, we've had the Queen's Beast, the Tudor Beast, and uh this year it's the Dragon, and again, really low mintage, and as part of a set as well.
• 10:19
  SPEAKER_01: So as you can imagine, they have a huge collectibility factor, and uh really nice to own as well.
• 10:25
  SPEAKER_00: Yeah, so for the listeners who are interested in owning these coins, what should they look into doing first?
• 10:30
  SPEAKER_01: Well, can I be blunt?
• 10:31
  SPEAKER_00: Yeah, please.
• 10:32
  SPEAKER_01: Give us a call.
• 10:32
  SPEAKER_01: Yeah, you know, we you need to make sure that you're buying genuine coins from a reputable dealer.
• 10:38
  SPEAKER_01: So it really would start with working out your risk exposure, how much are you losing to inflation, where is your money?
• 10:46
  SPEAKER_01: If your money is in a fund or or a pension, actually, where is that invested?
• 10:50
  SPEAKER_01: Most people don't even know.
• 10:52
  SPEAKER_01: So work out your actual risk because if you've got in um say your part of your stocks and shares, ISIS, or your pension, you might have some really high-risk stuff in there.
• 11:01
  SPEAKER_01: So work out your actual risk and work out what you need to protect and what you'd want to put in gold.
• 11:06
  SPEAKER_01: You don't invest your emergency fund, although gold is very liquid, you know you can sell it on your local high street.
• 11:12
  SPEAKER_01: Really, you want to look at it as a long-term savings vehicle that if the roof case in, you're not gonna have to sell tomorrow.
• 11:18
  SPEAKER_01: So start by working out roughly what you want to do if you have a budget, and then to get some good sound information in front of you.
• 11:27
  SPEAKER_01: And yeah, like it goes back to what I originally said.
• 11:29
  SPEAKER_01: You can always give us a call, no obligation, and we can run through a few options with you.
• 11:34
  SPEAKER_00: Absolutely.
• 11:35
  SPEAKER_00: There have been some fluctuations in the gold market recently.
• 11:39
  SPEAKER_00: Why do you think demand for physical gold has stayed so resilient even during times of fluctuation?
• 11:45
  SPEAKER_01: Because of a couple of things.
• 11:47
  SPEAKER_01: It the long-term growth, so if it's going up and down, like we've seen a little dip, we had a we had a high, an all-time high in December last year.
• 11:53
  SPEAKER_01: We always see a dip after an all-time high, but the war in Iran, for certain reasons, has elongated and exaggerated the dip, yeah, which could put people off, but it hasn't.
• 12:02
  SPEAKER_01: And the reason is the long-term growth potential in times of uncertainty is almost unparalleled.
• 12:08
  SPEAKER_01: And when things are uncertain, people want a safe haven, a place to put their money.
• 12:14
  SPEAKER_01: Gold historically has been the number one and still is.
• 12:17
  SPEAKER_01: And for the pre reasons before mentioned, more and more people, regardless of growth, are more disillusioned with where their money currently is.
• 12:26
  SPEAKER_01: So right now it's popular as ever, but actually, because of what's going on around the world, you've only got to turn on the news, you don't need a you know a news lesson or a politics lesson from me to know that there's never been more uncertainty than there is right now.
• 12:41
  SPEAKER_01: And actually, you know, the smart money often will see these dips as the time to move money into gold.
• 12:48
  SPEAKER_01: So, yeah, it's more popular than ever.
• 12:50
  SPEAKER_01: And I think that globally there's been a 25% increase in retail purchases of gold, so that's money, not corporate central banks, governments, that's that's man on the street, man and woman on the street putting their money into gold has, like I say, increased by around 25% globally.
• 13:06
  SPEAKER_00: Let's turn our attention to some more financial news, shall we?
• 13:09
  SPEAKER_00: Politics has dramatically changed in recent weeks, and Andy Burnham is now leading the country.
• 13:14
  SPEAKER_00: People deserve to know what his policies could mean for our finances, the wider economy, and the long-term direction of the country.
• 13:21
  SPEAKER_00: With that in mind, what do you think his biggest economic challenge will be?
• 13:26
  SPEAKER_01: I think his biggest economic challenge is gonna be balance.
• 13:29
  SPEAKER_01: Balance.
• 13:29
  SPEAKER_01: Because typically Labour governments like to increase taxes.
• 13:32
  SPEAKER_01: We've already seen policies including trying to lower energy bills, freeze on bus prices, but the money has to come from somewhere.
• 13:39
  SPEAKER_01: So his his biggest, I think his biggest economic challenge is gonna be to keep the economy growing, to try and protect UK businesses, because it's all well and good helping people out on a on a personal level, but it's the businesses that drive economies, and if it's overtaxed, it could be cutting the head off the golden goose.
• 14:00
  SPEAKER_01: So I think his economic challenge is to kind of stick to the pledges that he's made, which is obviously aimed at his voters, and I can understand why he would do that, but at the same time not cut funding in other areas that are propping up the country.
• 14:15
  SPEAKER_00: And for our listeners, one of the biggest concerns is our personal taxes going up.
• 14:20
  SPEAKER_00: Do you think we're likely to see some more tax rises under this Labour government with Andy Burnham in charge?
• 14:26
  SPEAKER_01: I think it's fairly safe to say the answer is yes.
• 14:28
  SPEAKER_01: You know, like he's like I say, he's already made certain pledges that will require funding.
• 14:33
  SPEAKER_01: So whether it's where do you think the money's gonna come from, is it gonna be welfare cuts, is it gonna be public spending cuts, or will it be taxes on UK businesses, higher earners, or any work in person?
• 14:44
  SPEAKER_01: Typically Labour governments do increase taxes.
• 14:46
  SPEAKER_01: I think Andy Burnham is quite far left and his policies have a lot of socialism sort of attached to them.
• 14:54
  SPEAKER_01: Yeah, could be seen that way, couldn't they?
• 14:56
  SPEAKER_01: I I and I think that taxing people is going to be at the core of funding the things that he wants to do.
• 15:02
  SPEAKER_00: And if if that doesn't do the job, say the rising taxes doesn't get them where they need to go, is there any other areas you think they might look to raise money?
• 15:11
  SPEAKER_01: Yeah, well, this is the opposition's main question.
• 15:14
  SPEAKER_01: Yeah.
• 15:14
  SPEAKER_01: Yes, he has outlined a lot of things he wants to do.
• 15:18
  SPEAKER_01: These do not come for free.
• 15:20
  SPEAKER_01: So I'm not an economist, but we all know that this has to be paid for somehow.
• 15:25
  SPEAKER_01: Somehow, yeah.
• 15:26
  SPEAKER_01: Now, typically a government like this are gonna take it from a certain part of the population and not the other.
• 15:33
  SPEAKER_01: I'll let you figure out what that is.
• 15:35
  SPEAKER_01: We've already seen this property tax, 0.48% coming in on and that's on one property.
• 15:40
  SPEAKER_01: This is gonna double if you've got two.
• 15:41
  SPEAKER_01: Yeah.
• 15:42
  SPEAKER_01: So this could this could end up making either rent more expensive or it could really, really hurt landlords, it could affect the property market.
• 15:51
  SPEAKER_01: So yeah, so I think money has to come from somewhere, something we'll have to give.
• 15:55
  SPEAKER_01: What exactly is it gonna do and where it's gonna come from?
• 15:59
  SPEAKER_01: Who knows?
• 15:59
  SPEAKER_01: You know, is it gonna increase borrowing?
• 16:01
  SPEAKER_01: Is it gonna decrease welfare?
• 16:02
  SPEAKER_01: Probably not.
• 16:03
  SPEAKER_01: Sell public assets, who knows?
• 16:05
  SPEAKER_01: But I I think something's coming, and I think if you are holding wealth or cash or things in the traditional banking systems, in my opinion, it's probably gonna come from somewhere like that.
• 16:16
  SPEAKER_00: For sure.
• 16:17
  SPEAKER_00: So we've discussed a lot of financial challenges today.
• 16:20
  SPEAKER_00: Would you say all of this just simply strengthens the case for earning physical gold?
• 16:24
  SPEAKER_01: Massively.
• 16:25
  SPEAKER_01: You know, I'll be blunt.
• 16:26
  SPEAKER_01: I think it's massively increases the need for physical gold, and we are seeing this at work every day with the amount of deals we do with people that are very, very worried and very, very scared.
• 16:38
  SPEAKER_01: You know, we've seen times when people are just looking for growth, understandably, who doesn't want a bit more money in their pocket, but right now the main driver for gold on the street does seem to be fear because of the financial challenges we've discussed.
• 16:51
  SPEAKER_01: And now, as we have mentioned before, gold is so driven by uncertainty.
• 16:54
  SPEAKER_01: We've just had a new prime minister, yeah, and we know that there will be money needed to fund what we want to do.
• 17:01
  SPEAKER_01: We don't know exactly where it's going to be.
• 17:03
  SPEAKER_01: Yeah, so more and more people just want to take their money out of these systems, put it in something tangible, something physical that no one can take off you, and and it just gives you a lot of peace of mind.
• 17:14
  SPEAKER_01: I've just done similar myself, and um I'm I'm talking to a lot of friends and family uh about doing similar.
• 17:20
  SPEAKER_00: We do have a listener question that's more of a statement, but I would like to respond to it.
• 17:25
  SPEAKER_00: It's from Howard Jones GAU, and they say gold is free, capital gains tax-free, and we are advised to keep it as a long-term investment.
• 17:35
  SPEAKER_00: But as far as I'm aware, it's not inheritance tax-free, so the government gets us in the end.
• 17:41
  SPEAKER_00: Now, this is correct.
• 17:42
  SPEAKER_00: You do have to pay inheritance tax on gold in the UK.
• 17:46
  SPEAKER_00: It's treated as part of an estate's total value, so it's not automatically exempt.
• 17:51
  SPEAKER_00: If the combined value of all assets, including property, cash, and gold, exceeds the nil rate band of£325,000, or£500,000 if leaving a main home to direct descendants, the amount over the threshold is taxed at 40%.
• 18:07
  SPEAKER_00: Now, that's absolutely correct, but we do have a few considerations that are interesting to note.
• 18:13
  SPEAKER_00: So first one is spousal exemption.
• 18:15
  SPEAKER_00: Gold passed to a spouse or civil partner is completely exempt from inheritance tax.
• 18:20
  SPEAKER_00: The second one is gifting rules.
• 18:22
  SPEAKER_00: You can gift gold while alive without inheritance tax, but you do have to live for seven years after making the gift.
• 18:30
  SPEAKER_00: The third one is capital gains tax benefits.
• 18:32
  SPEAKER_00: While gold is subject to inheritance tax, UK gold coins such as the Royal Dragon and the St.
• 18:38
  SPEAKER_00: Georgian Dragon are exempt from capital gains tax.
• 18:41
  SPEAKER_00: This is when you eventually sell them if you are a UK resident.
• 18:45
  SPEAKER_00: Hope that helps to clear things up just a bit.
• 18:47
  SPEAKER_00: Saving for the future has always been important, but as we've discussed today, how we save might be changing.
• 18:55
  SPEAKER_00: With proposed reforms to cash items, continued pressure from inflation, and growing uncertainty surrounding Britain's economic direction, it's becoming increasingly important to think about preserving your purchasing power over the long term.
• 19:08
  SPEAKER_00: Physical gold has been trusted for thousands of years because it doesn't rely on someone else's promise, and it isn't dependent on a financial institution.
• 19:16
  SPEAKER_00: However, you do decide to protect your wealth.
• 19:19
  SPEAKER_00: Taking the time to understand your options today could leave you in a much stronger position tomorrow.
• 19:24
  SPEAKER_00: If you would like more information about gold, please do head to guide.directbullion.com, where you can download our guide to tax-free gold.
• 19:32
  SPEAKER_00: It's packed with information you definitely won't be able to get anywhere else.
• 19:36
  SPEAKER_00: Remember, please, if you're listening on YouTube, like and subscribe so you never miss an update.
• 19:41
  SPEAKER_00: And if you listen on Spotify or Apple Podcasts, please do follow the show so you never miss an episode.
• 19:46
  SPEAKER_00: As always, leave your questions in the comments below and we'll answer them in the next podcast.
• 19:50
  SPEAKER_00: Thank you so much for listening to the Bullion Advances podcast today.
• 19:54
  SPEAKER_00: Stay informed, stay prepared, and most importantly, stay golden.
• 19:58
  SPEAKER_00: The purchase of gold does not constitute an investment or offer financial returns.
• 20:03
  SPEAKER_00: Gold is considered a store of value and not an investment product.
• 20:06
  SPEAKER_00: Past performance of gold is not indicative of future performance.
• 20:10
  SPEAKER_00: Prices and values of precious metals can fluctuate and are influenced by various market factors.
• 20:15
  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.