From silver bars to gold coins to 24 karat gold jewelry, 18K gold… There is a whole world within the physical gold market Why Choose Augusta Precious Metals.
Each of these options to save in physical gold has its particularities. This would be a small summary:
The value in this case is double. On the one hand, the gold with which the coin is made is revalued (in this case the percentage of metal is crucial) and on the other, by the numismatic value of the coin itself. At this point there is no currency better than another or safer. From the American Eagles to the Napoleons or the Krugerrand of South Africa, anything goes, it’s a matter of choosing the one you like the most.
Each coin has its own value and price based on the percentage of gold it has and what the market for gold coin collectors sets.
Investing in gold jewelry is an alternative similar to numismatics. The big problem with jewelry is that its value is not always directly proportional to that of gold. Furthermore, here it will depend on the proportion of metal they include and its quality. 24 karat gold is not the same as 18 karat gold.
Also, the good thing about jewelry is that you can always downgrade from gold to silver if the former is too expensive. What’s more, this could also be done with any investment to save on physical gold.
Physical gold with gold and silver bullion
This is the most common option within this section and to a certain extent the most recommended. Basically it consists of buying a gold or silver bar to keep it and sell it when the time comes.
The big problem with investing in physical gold is its storage, especially when we talk about bullion. And depending on the piece (it usually has 31.1034768 grams) its value will exceed 6,000 euros for the gold bar and 250 euros for the cheaper silver bar . If we had that money at home, I’m sure you would hide it well and not all in one place. You should do the same with gold bars and silver bars.
As a solution to this problem, platforms such as Lingoro, Ciode or IGR Spain have emerged that take care of the entire process. That is, buy the bullion, save it and sell it when the time comes. In this case we would own physical gold, you just wouldn’t have it at home or in your bank safe deposit box.
One of the advantages of investing in physical gold is that investment gold is exempt from VAT . This applies to bullion, which, being considered an investment, will not face VAT, nor will an investment fund, an ETF or any other financial instrument. This exemption does not apply, for example, to the purchase of gold coins or silver and gold jewelry. These products will be taxed with the corresponding VAT of 21% or with the Property Transfer Tax if they are purchased on the second-hand market.