Physical and raw gold is considered to be the most safe and best investment for people who wish to create a diversified portfolio. Gold bullion is believed to be globally limited currency and that is why it is held by all the major banks around the globe. Those who plan to buy gold bullion Ireland must consider some tips prior the purchase so that they make the best investment involving fewer risks.
Check out the kind of gold bullion
It is highly significant to decide which kind of gold bullion Ireland one wants to buy, that is, whether gold bars are required for investment or gold coins are needed. Because gold bars are higher in weight, it is the most popular kind of bullion investment, but a significant portion of Irish population also invests in gold coins as they are easy for storing.
One planning to invest using bullion, one must check out all the applicable taxes. In United Kingdom, there are two kinds of taxes applied on gold. One is CGT (the capital gains tax) and the second one is VAT (value added tax). If a person plans to purchase gold bullion, he must be familiar with the amount of capital gains tax which would be applied. CGT has to be paid when a person sells gold that is worth of ten thousand US dollars. Value added tax is not applied when gold is bought in Ireland.
The bullion dealer
It is very important that one selects the most reliable and authentic bullion Ireland dealer. There are many dealers in Ireland, but a dealer must be chosen based on the quality of bullion offered, kind of delivery, and the insurance.
Majority of the dealers in Ireland sell gold bullion at rate of 24 Carat, but the dealer must be asked about what gold grade they are offering.
A person should purchase gold from a reputed bullion Ireland company that delivers the order the very next day. The dealers must also be inquired about whether they are offering total insurance cover for the bullion protection in case of any loss. The postal service that delivers the gold bullion must also be checked and it must be made sure that the order is sealed in unmarked padded boxes.
Before finalising the decision to purchase bullion in UK, the current rate of the gold must be checked out. Prices of gold keeps on fluctuating every day so it is very important to check out the current price before making an investment.