As we hope for gold at the Commonwealth Games, it's worth knowing why gold is the most sought after metal in the world
Everything You Ever Wanted To Know About Gold
5 Reasons To Own Gold
It's all covered in full detail in the wonderful illustrations below, but here's a sneak preview:
- To Diversify Your Portfolio
- As A Storage Of Value
- It's A Safe Haven Asset
- The Supply And Demand Fundamentals
Recent Jumps In The Gold Price
Problem areas, such as Ukraine/Russia and Israel/Gaza, affect the world's economies. It's therefore no surprise the gold price has been on the move. Between January and March 2014, it rose 16%, though it fell back a bit. It was on the rise again last month, increasing by as much as 8%.
Click The Five Tabs Below To Learn All About Gold
Gold Can Be Bought With A SIPP
Unfortunately, you can't pop down to your 'Cash For Gold' merchant with your SIPP Bank Account to buy yourself a few gold nuggets. Your SIPP can only hold a particular type of gold, that's effectively SIPP approved. You'll find details of how to buy gold for your SIPP in our Members Area.
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AJ Bell Is Often The Best Value SIPP For Stockmarket Assets
Over time, charges can wipe out a huge part of your fund. We like AJ Bell because there are no set-up costs. If you hold passive funds, which is our preference, or shares, investment trusts, EFTs, gilts or bonds, you pay one small fixed fee no matter how large your fund. And when you come to draw your benefits either as occasional drawdown or UFPLS payments, there's a small charge for the whole year no matter how many times you access your money (many SIPP and SSAS providers charge more than this for each payment). However, you should always compare charges in detail, because AJ Bell could be more expensive than other providers, depending on the type of stockmarket assets you hold.
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As SIPPclub neither advises on, nor arranges, nor recommends specific investments or strategies, we're unable to say whether a SIPP or SSAS or any investment within it is right for you. Ultimately, it’s your money and your decision, and you should only proceed once you're satisfied you've undertaken sufficient due diligence. If you need advice, you should speak to your trusted adviser, or you could find a local adviser from Unbiased.co.uk. Alternatively, we'd be pleased to introduce to a suitably qualified independent financial adviser.
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