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There are all sorts of gold coins from the Chinese Panda to the American Eagle. Some coins are more expensive than others because they are rare, beautiful or antiques – these are known as numismatic coins, and they have value as collectibles over and above their value as gold coins.

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Hong Kong is widely acknowledged as the cheapest place to buy gold coins. Go to Queen 8767 s Road in Hong Kong 8767 s Central District, and you’ll find well-known banks, such as HSBC, shifting gold coins for as little as % above the premium.

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Britain is leaving the European Union. Donald Trump is reducing America’s role in global markets. Both will have profound consequences for you as an investor.

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The key problem with taking physical delivery is that you have to look after it. You will need to store it securely. A safe is the most obvious option, or outside the home in a bank safe deposit box. If you do store the gold at home, and you want it to be covered by your home insurance, you will of course need to tell your insurer. Depending on how much gold you have, this could potentially bump up your premium.

Successful investing is about the diversification and management of risk. It makes sense to have a part of your wealth invested in gold.

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When it comes to selling your gold, you’ll find yourself at the wrong end of the gold dealers’ spreads once again. Depending on the dealer, you could find yourself getting up to 5% less than the market price.

But given that a flight to Hong Kong isn’t cheap, the best option for most UK investors is to buy from large, established British or European dealers. They will deliver it straight to your house, through trackable insured couriers. It’s better to go with a well-known, large firm with a good track record. There are a range of options, but providers include Baird, ATS Bullion, Chards, and GoldCore.

You can buy bullion in two main forms: coins or ingots (bars). The advantage of gold coins over gold bars is that they allow you to be more flexible. After all, it’s easier to sell 75% of your gold if you own ten gold coins rather than if your whole investment is in one gold bar. By the same token, given this flexibility, you’ll probably find that coins are that bit more liquid (easy to sell) than big bars. That said, if you want to buy a sizeable amount of gold, then bars might make more sense from a practical point of view.

MoneyWeek analyses the critical issues facing British investors on a weekly basis. And, unlike other publications, we provide you with the solutions to help you turn a situation to your financial advantage.


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