Royal Mint to offer gold as a retirement investment

Gold is slowly but surely being recognized as an alternative way to save wealth for later. In the United Kingdom, people have now also reached the point where it is becoming interesting from a tax point of view to buy physical gold as a form of investment for your pension. According to the Financial Times From now on, the British tax authorities will also accept the gold bars of the Royal Mint as a form of pension investment. This means that it will also be more attractive from a tax point of view to buy gold.

The British Royal Mint is responding to this new development with a new savings program, which allows savers to buy gold bars of 100 grams and 1 kilogram in combination with storage. Under the 'Signature Gold' program, you can also buy a share in a large LBMA gold bar of 400 troy ounces.

The favourable tax rules only apply to these gold bars of the Royal Mint, not to gold coins such as the Britannia and the British pounds minted by the same mint. Also, the favourable tax regulations only apply to gold in combination with storage in 'The Vault', the gold vault of the British mint in Wales. Physical delivery of the precious metal is not possible.

Gold as a form of retirement

In recent years, there has been a resurgence of interest in gold as an alternative form of wealth, as more and more investors and savers are concerned about the economy and the monetary policy of central banks. The threat of negative interest rates on savings and the discussion about 'helicopter money' (printing money and distributing it to the population) have not done confidence in central banks any good.

Gold has been seen as a store of value for centuries, but the precious metal is especially popular at times when investors are concerned about the fragility of the financial system and about further erosion of the value of money. It is only a matter of time before savers realize that gold can be a valuable addition to an investment portfolio or piggy bank, because the precious metal has little correlation with other financial assets and because it has no counterparty risk.

Gold from the Royal Mint is recognized as a retirement investment