As we approach the tax year deadline, the Royal Mint has revealed a dramatic surge in gold investment activity, with new customers rushing to add the precious metal to their portfolios.
This “gold rush” mentality has been fuelled by record-breaking prices and increasing economic uncertainty.
Record-Breaking Momentum
The numbers paint a compelling picture of gold’s extraordinary performance:
- Royal Mint’s revenue from gold bullion sales increased by 9% in 2024, reaching a new record high
- Gold bullion sales skyrocketed by 153% in the fourth quarter of 2024 compared to the third quarter of 2023
- The number of people buying all bullion (gold bars, digital gold, and gold coins) rose by 12%
- Bullion coin sales revenue increased by 56% in the fourth quarter of 2024 compared to the third quarter
Stuart O’Reilly, market insights manager at the Royal Mint, said: “A combination of economic uncertainty and geopolitical volatility have led gold prices to hit multiple all-time highs in 2024.
“At a time when interest rates are gradually subsiding, investors have been drawn in by the capital growth gold has delivered as an asset class, and the protections safe- haven assets provide.”
Why this matters now
With the tax year ending on April 5th, sophisticated investors are increasingly recognising gold’s potential as a tax-efficient investment vehicle.
The Royal Mint’s data shows that investors are particularly drawn to gold coins that qualify for Capital Gains Tax exemption, demonstrating the growing sophistication in tax-efficient investment strategies.
“The combination of economic uncertainty and geopolitical volatility has created perfect conditions for gold’s continued appreciation,” says Carmen Kennison-Brooks, Co-founder of Own Gold. “We’re seeing unprecedented interest from investors seeking both wealth preservation and growth potential.”
Take action before tax year end
With gold’s momentum showing no signs of slowing, now is the time to secure your position in this thriving market.
Are you looking to invest in gold before the end of the tax year? Own Gold, a select distributor for the Royal Mint, offers premium products and expert guidance for sophisticated investors.
For more information, contact Own Gold at 0800 233 5880 or invest@own-gold.com to discuss tailored strategies for your portfolio and discover the right gold investment options for you.
Investment in gold carries risks. Past performance is not necessarily indicative of future results. Own Gold Global Ltd is not regulated by the Financial Services and Markets Act 2000 (FSMA) or Financial Conduct Authority.
