Gold prices are at near-record highs, and while some are choosing to sell their gold, others are looking to invest.
The spike in the price of gold has led many everyday investors to take the plunge. Most people are buying small amounts and spending less than £2,000More Britons are choosing to invest in gold as the price soars - even if that means buying in tiny amounts, research shows.
The average order value at BullionByPost is now around £1,400 – less than a 1oz bar or coin - with the top 10 most popular product weights sold all being 1oz or lower. British coins such as gold sovereigns and 1oz gold and silver britannias are also exempt from capital gains tax. Although some people buy up to £1million of gold in one order, a 1oz bar - smaller than a 5cm USB memory stick - or a 1oz gold Britannia coin, are currently the most popular gold purchase, worth roughly £1,900.
A 1oz gold Britannia, the most popular 1oz coin for investment — about the size of a 20p piece — is worth £1,850 and saw an increase of 62 per cent.
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