Latest / The Bullion Advantage | Wealth Protection, Politics and Finance Insights From The #1 UK Gold Dealer / Gold Ownership Under Threat? + More Labour Tax Hikes

Transcript

Gold Ownership Under Threat? + More Labour Tax Hikes · The Bullion Advantage | Wealth Protection, Politics and Finance Insights From The #1 UK Gold Dealer

0:00
SPEAKER_00: What if the future of gold ownership wasn't about owning it at all?
0:05
SPEAKER_00: We've seen an explosion in digital assets recently.
0:09
SPEAKER_00: From crypto to blockchain, the financial world is becoming increasingly digital.
0:15
SPEAKER_00: Now, some believe physical gold could be next.
0:18
SPEAKER_00: But what if that vision becomes a reality?
0:21
SPEAKER_00: What will we be sacrificing?
0:23
SPEAKER_00: Maybe the very thing that makes gold so valuable is completely irreplaceable.
0:28
SPEAKER_00: By the end of this episode, you'll know more about physical gold than ever before.
0:33
SPEAKER_00: What makes this precious metal so appealing to people across the generations, and why digital assets are playing a different game.
0:41
SPEAKER_00: We'll also be talking about what yet another potential tax hike from this Labour government could mean for the middle class.
0:48
SPEAKER_00: We'll be analysing reports that Andy Vernon will push ahead with Starmer's disastrous global plans, and round up another important financial story that could impact your future.
0:59
SPEAKER_00: Before we begin though, please do remember to like and subscribe if you're listening or watching on YouTube.
1:04
SPEAKER_00: And if you're listening on Spotify or Apple Podcasts, please do follow the show so you never miss an update.
1:10
SPEAKER_00: Senior specialist Blair is here to break this all down.
1:13
SPEAKER_00: Blair, thanks so much for joining me on The Bullion Advantage.
1:17
SPEAKER_02: Yeah, hi Jake, good to be here.
1:18
SPEAKER_00: Thank you so much for coming on.
1:20
SPEAKER_00: First things first, what exactly is tokenized gold and why has it become such a hot topic in financial markets recently?
1:27
SPEAKER_02: Yeah, there's been a lot of talk about this actually.
1:29
SPEAKER_02: Gold is becoming ever more popular, so it's a it's a much more digital asset.
1:33
SPEAKER_02: It's basically a digital token that represents ownership of a certain amount of physical gold stored somewhere in a vault.
1:40
SPEAKER_02: Think of it like a bit a large bar sectioned into pieces with a joint ownership.
1:45
SPEAKER_02: So you'd own a little bit, I could own two little bits.
1:48
SPEAKER_02: People all around the world can have basically a share of one larger asset.
1:51
SPEAKER_02: So it's become a yeah, it has become a really hot topic because of digital assets are now very much in the you in the news.
1:58
SPEAKER_02: People are very much used to doing things from their phone, you know, banking, investing, ordering food, anything like that.
2:04
SPEAKER_02: So naturally there's an interest in being able to buy gold the same way.
2:08
SPEAKER_00: What are people saying the main advantages of it is?
2:11
SPEAKER_02: So the main advantages is convenience.
2:14
SPEAKER_02: Yeah.
2:14
SPEAKER_02: Right.
2:14
SPEAKER_02: It's you can do it 24 hours a day, like I say, from your phone, you can buy it, and then you can trade it, you can get rid of it.
2:20
SPEAKER_02: So liquidity, instant liquidity is obviously an advantage, and there's no need to worry about storage or where you're gonna put it, true, uh or when you want to sell it.
2:29
SPEAKER_02: You know, you can just simply do it at a click of a button.
2:32
SPEAKER_02: So anyone that wants exposure to the gold price without actually having to handle the physical physical metal can be very appealing.
2:38
SPEAKER_02: I see.
2:38
SPEAKER_02: And again, supporters will argue it makes it more comfortable managing, say, uh a digital portfolio.
2:46
SPEAKER_02: I see.
2:47
SPEAKER_02: So they're not they're not imaginary, they're real conveniences.
2:50
SPEAKER_02: But the the question really is what's more important, convenience or certainty.
2:54
SPEAKER_00: Well, that was what I was going to ask you next.
2:56
SPEAKER_00: No, is there any sort of risks that come as opposed to this convenience that you're talking about?
3:02
SPEAKER_02: Yes, there's there's more layers between you and your asset.
3:06
SPEAKER_02: So everything has to work properly for you to be in control or or or suppose your control of your asset.
3:12
SPEAKER_02: So you've got technology, the platform custodian, legal framework, uh, or even the company issuing the token.
3:18
SPEAKER_02: So if everything works perfectly, great, but gold has always been valued precisely because you don't normally have to rely on a chain of promises.
3:26
SPEAKER_02: You own it, you hold it.
3:27
SPEAKER_02: End of story.
3:28
SPEAKER_02: So this is a bit like cloud storage, very convenient, but it does come with more working parts, yeah.
3:34
SPEAKER_02: And you know, these things are great until you know you forget your password or something.
3:38
SPEAKER_00: Yeah, exactly.
3:39
SPEAKER_00: With tokenized gold, you would presume, or I'll ask you, would the would it make gold buying more accessible to more people?
3:46
SPEAKER_00: And if that's the case, then what would be the potential benefits and risks of that?
3:51
SPEAKER_02: Yeah, of course.
3:52
SPEAKER_02: So you can come in at any level.
3:54
SPEAKER_02: Right.
3:54
SPEAKER_02: Um, you know, certain coins have certain prices, um, same with bars.
3:58
SPEAKER_02: So you can start with you know£20 if you wanted to just buy a small portion of a coin or a bar.
4:04
SPEAKER_02: So that's a positive development.
4:06
SPEAKER_02: And it would could encourage more people to diversify and another option on a on investment or a trading platform.
4:13
SPEAKER_02: The risk is you know, it begins with people treating gold like another app on their phone rather than understanding why they actually own it.
4:20
SPEAKER_02: Right.
4:20
SPEAKER_02: If you can buy and sell it in one swipe, there's a temptation to trade, which can promote panic buying and selling.
4:26
SPEAKER_02: Right.
4:26
SPEAKER_02: Because gold traditionally rewards patients, no, not panic.
4:30
SPEAKER_00: Yeah.
4:30
SPEAKER_00: So obviously, one of the things we talk about most with gold is the fact that it doesn't have any counterparty risk.
4:36
SPEAKER_00: Could this possibly introduce counterparty risk into an asset that's famous for not having any?
4:42
SPEAKER_02: Yeah, I think that's probably the biggest question.
4:44
SPEAKER_02: Physical gold, when you buy it outright, relies on nothing.
4:47
SPEAKER_02: You own it, you hold it, it's yours, it's tangible, you're in full control.
4:52
SPEAKER_02: Yeah.
4:52
SPEAKER_02: With tokenized gold, you are relying on someone else.
4:55
SPEAKER_02: There's way more moving parts.
4:57
SPEAKER_02: So you really have to make sure who are who you're buying it from because you don't ever own actually own the physical uh have ownership, yeah, you know, possession of that physical gold.
5:08
SPEAKER_02: So are you buying gold or are you buying a promise by someone else about gold?
5:12
SPEAKER_02: So you that's a question you really need to ask yourself.
5:15
SPEAKER_02: So I would I would say it does involve a lot more due diligence.
5:18
SPEAKER_02: And uh yeah, if you're comfortable with it being a number on a screen, like your bank account, that's up to you.
5:24
SPEAKER_02: But a lot of people that traditionally buy gold, buy gold because they're not.
5:27
SPEAKER_00: Yeah, exactly.
5:28
SPEAKER_00: Do you think this could extend to other assets, maybe property, pensions, something like that?
5:33
SPEAKER_02: Yeah, we've already seen it with conversations around property, right?
5:37
SPEAKER_02: But anything tangible that's traditionally can be expensive, art, private investment, of course, it's a conversation to be had.
5:44
SPEAKER_02: It's it does make all of these things more accessible and as well storing value.
5:49
SPEAKER_02: You know, if you're gonna have a an old master hanging in your house that comes with a certain security risk that you need to factor in, this does take that out.
5:57
SPEAKER_00: Do you think we're all placing a bit too much faith in technology and obviously institutions behind it?
6:04
SPEAKER_00: Yes and no.
6:05
SPEAKER_02: Okay.
6:05
SPEAKER_02: Um, technology is incredible.
6:08
SPEAKER_02: It yeah, we could that's a whole other conversation, but it is still just a tool.
6:11
SPEAKER_02: You know, history reminds us always that systems can fail, institutions make mistakes, regulations can change.
6:18
SPEAKER_02: You know, look at historically for every cycle in the financial world, Northern Rock, for example, is a good example.
6:25
SPEAKER_02: Big one.
6:26
SPEAKER_02: So again, it doesn't mean we should reject innovation, but gold has properties, that tangible ownership, yeah, that is I think is part of the allure, and it does take that away.
6:36
SPEAKER_02: So it does, it just means we shouldn't confuse that digital convenience with financial security.
6:41
SPEAKER_02: And you know, the oldest forms of world protection are still around because they've survived every technological revolution before this, and there is a reason for that.
6:51
SPEAKER_00: Yeah.
6:52
SPEAKER_00: I'm just thinking though, and with the rise in government overreach, if you haven't listened to last week's podcast, please do go back and do that because we talk about this in a bit more detail.
7:00
SPEAKER_00: But in this financial landscape, would you not say it's it's more important to own gold physically?
7:06
SPEAKER_02: Yes.
7:07
SPEAKER_02: Yeah, simply put, yes, I do.
7:09
SPEAKER_02: I think direct ownership has become more valuable, not less.
7:13
SPEAKER_02: We live in a world of huge geopolitical uncertainty, rising debt, cyber risks, loads of security risks, increasing increasingly digital financial systems that not everyone is comfortable with.
7:25
SPEAKER_02: So owning physical gold does provide that something tangible that is not dependent on anybody else, a password or internet connection or any third-party platform.
7:35
SPEAKER_02: So, you know, if you look at who is buying physical gold, yeah, the biggest buyers are still the central banks, the governments.
7:43
SPEAKER_02: Yeah, I mean, some governments right now are selling off gold, you know, in part with you the straight-up Hormuz and the oil and the and the situation in Iran, but that is because it is their most instantly liquid, liquefiable asset and probably one of their most profitable ones in recent years.
7:58
SPEAKER_02: So it's about reducing the reliance on things outside of your control.
8:02
SPEAKER_02: Yeah.
8:03
SPEAKER_02: People like gold because they feel in control of their wealth, and no one can take that away from them.
8:08
SPEAKER_02: And you you will lose a part of that with it with a digital token.
8:12
SPEAKER_00: So if you had to choose between tokenized gold and owning physical gold, which one would you choose?
8:17
SPEAKER_02: For me personally, physical every single time.
8:20
SPEAKER_02: It's not because I am anti-tokenization or it's inherently bad, it clearly has its benefits, as we've just spoken about, Jake.
8:27
SPEAKER_02: But if my objective is wealth preservation, I just want the fewest links in the chain possible between me and my asset.
8:33
SPEAKER_02: So I think gold's greatest strength is simplicity.
8:36
SPEAKER_02: And if I own it directly and I and I have it directly, I know exactly what I've got.
8:41
SPEAKER_00: Yeah, exactly.
8:42
SPEAKER_00: What would you say the biggest financial mistake people make during uncertain times like we're in today?
8:49
SPEAKER_02: I think there's there's two things that come to mind instantly.
8:52
SPEAKER_02: Right.
8:53
SPEAKER_02: So I'm gonna give you two answers to that.
8:55
SPEAKER_02: I think the first one's panic.
8:56
SPEAKER_02: You know, you right right now, for example, we had an all-time high last year, goals are on a on a massive ball run, and historically, every time we see that, we see a little dip.
9:04
SPEAKER_02: This dip has been over-exaggerated and elongated by the war in Iran, and people panic and think gold's going down, I'll get rid of it, it's worth more than I paid for it, so it's now's the time to sell.
9:14
SPEAKER_02: Well, I'd actually argue that now is probably the time to buy because historically we always see it grow over a long period.
9:22
SPEAKER_02: You know, so whether markets are rising or falling, emotions really get in the way of sensible investment.
9:28
SPEAKER_02: So people chasing what's fashionable and then selling assets because the headlines sound scary, and the market changes every day.
9:35
SPEAKER_02: Yeah, you know, human nature, not so much.
9:37
SPEAKER_02: And someone's told me, you know, buy on the rumour, not on the news.
9:41
SPEAKER_00: Got it.
9:41
SPEAKER_00: You touched on it a little bit there, but I think the listeners really do want to know what exactly is going on in the gold market right now?
9:48
SPEAKER_02: Gold market right now, as we mentioned, we've had a high, we're in a little dip.
9:52
SPEAKER_02: The if you look at the sources we look at, the big banks, the central banks, Morgan Stanley, HSBC, massive buyer of gold, they're all still moving into gold in record amounts.
10:01
SPEAKER_02: In fact, China are on, I think, 22 months in a row record buying, and they've just bought more than they've ever bought.
10:06
SPEAKER_02: Now, there is a reason for that.
10:07
SPEAKER_02: You should probably ask yourself a reason for that.
10:09
SPEAKER_02: Yeah, I think people are looking at diversification even more because there's so much geopolitical uncertainty that would normally drive gold higher and higher and higher that people don't really know where to put their money in terms of traditional based or bank-based assets.
10:25
SPEAKER_02: So more and more people are looking to diversify.
10:27
SPEAKER_02: Gold is a good place to look, and we have seen a huge shift in the amount of retail purchasing in gold.
10:33
SPEAKER_02: It's a bit like a champagne bottle.
10:34
SPEAKER_02: Imagine all of these factors, so certain wars, certain governments, certain political instability in in major governments such as here, America.
10:43
SPEAKER_02: All of these things should normally drive gold up.
10:46
SPEAKER_02: And it's like they're in a champagne bottle being shaken.
10:48
SPEAKER_02: But the Iran war, the blockage of the Hormost Strait with oil shortages causing major supply chain issues, manufacturing packaging all slowing down, these are causing huge economic shortfalls, which is in turn strengthening the dollar as people go for treasury bonds.
11:01
SPEAKER_02: And because the oil is obviously in shortage, that's driving that up, which is keeping gold very low in relation to where we feel it should be.
11:09
SPEAKER_02: And the champagne bottle analogy is a bit like it's all being shaken up, ready to go, yeah, and the war is like a cork in the top of the bottle.
11:17
SPEAKER_02: And it won't hold on forever.
11:18
SPEAKER_00: No, no, definitely not.
11:20
SPEAKER_00: Are there any particular bars and or coins that are proving popular at the moment?
11:24
SPEAKER_02: Yes, so there's a massive demand for one ounce products because they're widely recognised, they're very easy to buy and sell.
11:32
SPEAKER_02: Right.
11:33
SPEAKER_02: They are 24 carat and 22 carat, which means they're tax-free in terms of VAT.
11:38
SPEAKER_02: Um, and that yeah, they provide liquidity, they're easily stored, and like I say, there's a huge shift in in the amount of retail buyers.
11:46
SPEAKER_02: That man on the street, like you and I, are buying more and more gold, and these are accessible.
11:50
SPEAKER_02: The Royal Mint are producing uh limited mintage series, which have been very, very popular.
11:56
SPEAKER_02: These will have huge collectibility down the line and can fact a higher price in years to come.
12:01
SPEAKER_02: And when educated people are often choosing for that.
12:04
SPEAKER_02: On the bar side, we're seeing more and more gold bars being bought, but more through pensions.
12:10
SPEAKER_02: So what people don't realize is that you can buy gold bars through your SIP, and we're seeing a lot more bars being purchased privately again on the retail side through people's private pensions.
12:22
SPEAKER_00: Now, why do you think that is?
12:23
SPEAKER_02: Because again, pensions, it's a a collection of investments managed by someone else.
12:29
SPEAKER_02: Most people don't even know what's in those pensions.
12:32
SPEAKER_02: Uh, and when having a look, are they beating inflation?
12:34
SPEAKER_02: People are often very unhappy with the overall return on their pension.
12:38
SPEAKER_02: They've seen gold doing well.
12:40
SPEAKER_02: They, if they're smart, they're seeing the current price as a buying opportunity.
12:44
SPEAKER_01: Yeah.
12:45
SPEAKER_02: And people just want more control.
12:47
SPEAKER_02: So, although if you buy bars for your pension, it is stored by your pension provider.
12:51
SPEAKER_02: It is a physical, tangible gold bar, and people like that not only growth rate, but they like the security that it brings.
12:59
SPEAKER_00: Exactly that.
13:00
SPEAKER_00: And remember, if you're thinking about owning gold, you can request our guide to tax-free gold.
13:05
SPEAKER_00: It explains in plain English everything you need to know about owning gold and protecting your wealth.
13:10
SPEAKER_00: It's also packed with practical insights most people never get told.
13:13
SPEAKER_00: To request your free copy, please go to guide.directbullion.com.
13:18
SPEAKER_00: So let's move on to other important developments in the news.
13:22
SPEAKER_00: One story that's generated plenty of interest from the people we speak with on the phone is about the Chagos Islands Agreement.
13:29
SPEAKER_00: What exactly is happening with the Chagos Islands?
13:32
SPEAKER_02: We have this has come up on the phone quite a bit lately.
13:35
SPEAKER_02: Yeah.
13:35
SPEAKER_02: Basically, the UK has agreed to transfer the sovereignty of the Chagos Archipelago to Mauritius.
13:42
SPEAKER_02: So this ends a long-running territorial dispute.
13:45
SPEAKER_02: At the very centre of this is Diego Garcia.
13:48
SPEAKER_02: Now, Diego Garcia is a military base that's jointly operated by the UK and the US.
13:54
SPEAKER_02: And strategically it is very important.
13:56
SPEAKER_02: So under this agreement, Mauritius will become the sovereign of the Chagos Islands, but the UK will retain the right to operate Diego Garcia.
14:04
SPEAKER_00: Yeah, so just to put it in a bit more layman's terms, why is this actually important for our listeners and what impact could the agreement have on government finances and in turn, what will it mean for our pockets?
14:16
SPEAKER_02: So to continue in layman's terms, what's expensive for the government is often very expensive for us we're seeing in a minute, which we'll come to in a minute.
14:24
SPEAKER_02: But so it's the financial impact.
14:26
SPEAKER_02: This has become the probably the most debated aspect of this agreement.
14:30
SPEAKER_02: It has an an estimated net present value of around three and a half billion.
14:34
SPEAKER_02: Wow.
14:35
SPEAKER_02: And that is over 99 years.
14:36
SPEAKER_02: So this is equivalent to an annual cost of around 101 million in today's prices.
14:41
SPEAKER_02: The actual cash paid over, I mean that's a long time.
14:45
SPEAKER_02: The actual cash paid over the century will be much higher because these payments rise with inflation.
14:50
SPEAKER_02: So depending on how future inflation is calculated, the actual cash payments could exceed 30 billion over the lifetime of the agreement.
14:59
SPEAKER_02: So what this means for taxpayers is the impact on day-to-day living costs.
15:05
SPEAKER_02: We've already seen food rise 50% in recent years.
15:09
SPEAKER_02: Mortgages are looking at going up even up to£182 per month for each household.
15:16
SPEAKER_02: And this is just adding to that.
15:18
SPEAKER_02: So it adds more long-term commitment to government spending.
15:22
SPEAKER_02: You could argue the money could have been used elsewhere.
15:25
SPEAKER_02: You definitely could.
15:26
SPEAKER_02: Yeah.
15:26
SPEAKER_02: And obviously, there's a lot of pressure on public finances at the minute with Andy Burnham coming in power.
15:33
SPEAKER_02: We have seen him lean towards targeting certain groups of people financially, different tax changes.
15:41
SPEAKER_02: Obviously, they have pledged to not raise taxes in certain areas, but that doesn't mean they can change the threshold.
15:47
SPEAKER_00: Just following on from that, as these pressures continue to rise on public finances, speculation, like you said, over tax rises coming in once again.
15:57
SPEAKER_00: Andy Burnham has made recent comments about taxation, which has fueled some debate about whether Labour under him may look beyond its current tax rules, and middle class earners usually become the target of that.
16:10
SPEAKER_00: How are they planning on targeting the middle class more?
16:13
SPEAKER_02: They're being a bit cagey.
16:15
SPEAKER_02: There's no perfect labour policy to aim at the middle class, but we have seen it already.
16:22
SPEAKER_02: So there are several ways that they would increase the tax burden on middle earners without announcing a headline rising income tax.
16:29
SPEAKER_02: This would be fiscal drag.
16:30
SPEAKER_02: This is this is quite a big one.
16:32
SPEAKER_02: So although they may not change the tax, they will freeze the income tax thresholds.
16:37
SPEAKER_02: Whilst even if wages rise or you get a pay rise or you're doing better, you're just creeping closer and closer towards a higher tax bracket.
16:44
SPEAKER_02: So depending on where you are on that scale, that could even just push you straight over.
16:47
SPEAKER_02: Yeah.
16:47
SPEAKER_02: Changes in pension tax relief, reducing advantages for higher earners, national insurance or employer tax changes.
16:53
SPEAKER_02: So although that's played by employers, these will be reflected in slower wage growth.
16:59
SPEAKER_02: A lot of people argue that this government is cutting the head off the golden goose to fund what they want to fund.
17:05
SPEAKER_02: They're taxing the people that prop up the economy that make it stronger for everybody.
17:10
SPEAKER_02: Another one would be capital gains and dividend taxation.
17:13
SPEAKER_02: So people investing outside the traditional tax efficient wrappers.
17:18
SPEAKER_02: We've already seen changes to your ISA, which is very common.
17:28
SPEAKER_02: They are now going to tax unless the the cash on your ISA is going to be taxed.
17:34
SPEAKER_02: Um even stocks and shares in your ISA, if it's part of a fund or a bundle, that will be taxed as cash.
17:41
SPEAKER_02: The only way you can avoid that is to actually pick the stocks yourself, which you could argue in this economy is a super risky strategy.
17:47
SPEAKER_02: Definitely.
17:48
SPEAKER_02: So again, a lot of people are saying, you know, the days of the good old ISA are over.
17:52
SPEAKER_02: Yeah.
17:53
SPEAKER_02: Yeah.
17:53
SPEAKER_02: And the last one I'll tell you would be inheritance tax reforms.
17:56
SPEAKER_02: This will particularly affect families with property or investment wealth.
18:01
SPEAKER_02: People are seeking uh other other options there as well.
18:04
SPEAKER_02: So to reiterate, they have said it won't raise the main tax, main rates of income tax, but that doesn't prevent changes to thresholds, allowances, and other taxes.
18:16
SPEAKER_00: Exactly.
18:16
SPEAKER_00: And it's interesting that you use the golden goose analogy there, because that's my thinking.
18:20
SPEAKER_00: Could continually increase stealth taxes or wealth taxes or whatever could that lead to even more businesses leaving the UK like they already are?
18:30
SPEAKER_02: 100%.
18:30
SPEAKER_02: And we have already seen it.
18:32
SPEAKER_02: They abolished the uh long-standing non-dom tax regime, and this has prompted a a fairly large exodus of high net worth individuals to other countries, um, and not just individuals, you know, you you imagine these sort of retired people with their money and nested going.
18:48
SPEAKER_02: This is this is whole companies and industries relocating to companies that have a much favorable tax jurisdiction and allowing them to continue to operate the same way they have and and and and not change the prices to customers too much.
19:02
SPEAKER_02: Precise.
19:02
SPEAKER_02: So by staying in the UK makes the products more expensive, which again hurts the the pocket of the man on the street.
19:08
SPEAKER_00: Yeah, exactly what I thought.
19:10
SPEAKER_00: For someone who is actually trying to protect their wealth here in the UK, though, what practical lessons should they take from our conversation today?
19:17
SPEAKER_02: So you really need to have a deeper look now at what you've got.
19:22
SPEAKER_02: Is that your pension?
19:23
SPEAKER_02: Is that your ICER?
19:24
SPEAKER_02: We would say traditionally maximise your ICER allowances, but we've we've covered that it's not what it used to be.
19:29
SPEAKER_02: Review your pension contributions again.
19:32
SPEAKER_02: Taxes on that are looking at changing for the higher earner.
19:35
SPEAKER_02: Yeah.
19:35
SPEAKER_02: Um, and again, with the pensions, I'd really recommend my own friends and family to look more deeply at what's in it because it's generally a mixture of of higher risk assets.
19:45
SPEAKER_02: Use your capital gains and your dividend dividend allowances efficiently.
19:49
SPEAKER_02: Again, these are the under attack as well.
19:51
SPEAKER_02: Review your inheritance planning.
19:53
SPEAKER_02: Diversification is more key than ever because traditional investments are heavily involved, tied to higher risk markets and strategies to diversify in an aspect such as gold could be a viable option for you to stabilitize and protect what you've got and just really look at significant tax-driven options.
20:12
SPEAKER_02: Yeah.
20:13
SPEAKER_02: And you know, the one that springs to mind would be British gold coins because they, of course, are tax-free.
20:19
SPEAKER_00: No one knows what the future will look like, but it's clear that technology is transforming the way we buy, sell, and own assets while debates around taxation, public spending, and financial oversight are difficult to ignore.
20:33
SPEAKER_00: We may be moving towards a financial system where almost everything can be represented digitally.
20:39
SPEAKER_00: But just because it can be, should it be?
20:42
SPEAKER_00: There's still a fundamental difference between having a claim on an asset and owning the asset itself.
20:47
SPEAKER_00: That's just one of the reasons physical gold continues to stand apart.
20:51
SPEAKER_00: It's not dependent on someone else's word, a digital platform, or a massive financial institution.
20:58
SPEAKER_00: Remember, physical gold is a tangible asset that you can own directly and hold outside of the traditional financial system.
21:06
SPEAKER_00: Maintaining direct ownership of at least some of your wealth is becoming increasingly important, and that's why physical gold offers something that no digital token can.
21:15
SPEAKER_00: True financial independence.
21:17
SPEAKER_00: If you'd like more information, as I mentioned earlier, please do go to guide.directbillion.com where you can pick up our guide to tax-free gold that's packed with information you won't get anywhere else.
21:28
SPEAKER_00: Also remember, if you're listening on YouTube, to like and subscribe to our channel so you never miss anything.
21:34
SPEAKER_00: If you're listening on Spotify or Apple Podcasts, please do follow the show so you never miss an update.
21:40
SPEAKER_00: As always, leave a question in the comments below and we'll answer them in the next podcast.
21:44
SPEAKER_00: Thanks for listening to the Bullion Advantage.
21:46
SPEAKER_00: Stay informed, stay prepared, and most importantly, stay golden.
21:50
SPEAKER_00: The purchase of gold does not constitute an investment or offer financial returns.
21:55
SPEAKER_00: Gold is considered a store of value and not an investment product.
21:59
SPEAKER_00: Past performance of gold is not indicative of future performance.
22:03
SPEAKER_00: Prices and values of precious metals can fluctuate and are influenced by various market factors.
22:08
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.