Why Britons Who Buy Gold Should Always Buy Sovereigns
Inflation is moving up. And Iím prepared to bet that it is going to soar much higher.
Only by allowing inflation to rise will governments around the world be able to reduce their debts.
One of the best ways to hedge against inflation is to buy gold.
When inflation roars ahead, gold usually goes up.
So gold provides a hedge against inflation.
And since gold is measured in US dollars, it also provides a hedge against sterling falling.
The snag with buying gold is that buyers who make good profits will usually have to pay capital gains tax.
However, there is one way for British citizens to buy gold without paying capital gains tax.
And that is to buy gold sovereigns.
Because British sovereigns count as currency they are not liable to capital gains tax.
You keep your profits.
For more information about investing read Moneypower by Vernon Coleman Ė now available as an ebook on Amazon.
Copyright Vernon Coleman
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Iím afraid, however, that you have to pay for those. (But not a lot.)