Everyone needs a hedge. Its the first rule of investing. But we arent talking about buying bonds, or having a large savings account like your grandparents. Heres the thing...that money you carry around in your pocket might buy you 10 chocolate bars today, but as history tells us that same amount of money may only be able to buy you 1 choccy bar on a different day if things start to go pear shaped.
While we dont give out financial advice, we are clued up on how to take on the gold play. Some people will look to buy the gold ETF called GLD others may look into other precious metal ETF's but I personally prefer physical gold bullion in the form of Gold Coins.
Gold coins are one of the best ways to invest in gold for multiple reasons. Firstly, theres no capital gains tax on them if you decide to sell because Gold is still legal tender in the UK. Second, Its uncofiscatable. Governments often have prying eyes, and should a total economic colllapse happen then they may need gold to provide stability to the currency. Third, you can buy gold coins in different sizes and if you want to sell them one day, it may be easier to sell small gold coins than a large gold brick as the gold bricks are often extremely expensive.
A lot of people buy their physical gold coins or bars from the royal mint or from a gold bullion dealer. In the UK there are a lot of gold bullion dealers located in London. They will often sell both Gold Coins and Gold Bars and also stock Silver coins and Silver bars which offer a more affordable way to invest in precious metals.
The value of money can change...but Gold is always constant.