Jump to content
House Price Crash Forum
Sign in to follow this  

Why Buy Gold To Beat Inflation?

Recommended Posts

Well, why not? You can put 15k per issue in, and there's two issues out at the moment... that's 30k of your STR or FTB fund taken care of - surely people aren't buying more gold than this???

Guaranteed to beat RPI measured inflation by 0.7% or 0.6% in the first year alone, depending on the issue.

Currently, RPI is at 2.9% so you get 3.6% tax free or 3.5% tax free.

For a 40% tax payer, that's worth 6% gross PA, or 5.83% gross PA.

A safer bet than gold?

Are the people who are pushing gold looking to make a real killing on it, not just protect their savings from inflation???

Anyone care to be very honest??

Share this post

Link to post
Share on other sites

Also, the rate the pound is sinking, inflation may be a small problem compared to currency collapse... who cares if you're making 10% on your money if the pound is worth 20% less in real terms?

Share this post

Link to post
Share on other sites
Probably wrong but I thought it was only tax free if you're in the higher tax bracket.

They're tax free for everybody, but the gain of having a tax free investment is that much greater for those in the higher bracket (same as for all tax free wrappers). If you don't pay tax in the first place then you don't need a tax free investment....

Gold is a hedge against the pound and inflation (and global economic meltdown), but tbh I'm more in it for the speculation. My willingness to take dubious risks is high enough that the return and period of the NS&I offerings is uninteresting.

Share this post

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.