Insights
Market commentary, tax guidance, and practical insights for UK gold investors.
In 2023 and 2024, central banks purchased over 1,000 tonnes of gold annually — the highest levels in decades. China, Poland, India, and Turkey have led the charge, signalling a structural shift away from dollar-denominated reserves. For private investors, this trend reinforces gold’s role as the ultimate store of value.
The Capital Gains Tax annual exempt amount has been slashed from £12,300 to just £3,000. For investors holding gold bars, this means significantly higher tax bills when selling at a profit. UK gold coins, however, remain 100% CGT-exempt — making Sovereigns and Britannias more attractive than ever for tax-efficient wealth preservation.
It’s the most common question we hear from first-time buyers. Gold bars offer the lowest premiums per gram, making them appealing for large allocations. But UK gold coins carry a decisive tax advantage — they’re completely exempt from Capital Gains Tax. For most UK investors, coins are the smarter choice.
Gold has surged past £2,200 per troy ounce in 2026, leaving many potential investors wondering if they’ve missed the boat. History suggests otherwise. Every buyer who purchased gold at any point since 2000 and held is in profit today. Gold isn’t a trade — it’s long-term wealth preservation.
£10,000 saved in 2000 buys just £5,400 of goods today. While savings accounts offer 4–5% interest, real inflation — the cost of housing, energy, food, and education — continues to outpace returns. Physical gold has historically risen in line with or above true inflation, preserving purchasing power over decades.
Once you own physical gold, the next decision is how to store it. Home storage offers immediate access and zero ongoing fees, but requires proper security. Third-party allocated vault storage providers offer institutional-grade protection, provider-arranged insurance, and independent auditing — ideal for larger holdings. Northern Gold Supply does not custody client assets but can introduce clients to recognised providers.
Your Next Step
Book a private, no-obligation consultation and speak directly with Northern Gold Supply for personal guidance.
Consultations are available by appointment. Evening and weekend slots may be available by arrangement.
