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Best way to invest 10k

If you’re looking for the best way to invest 10k, then gold could be the ideal asset for you. Physical gold has outperformed many other investment vehicles over the years; with higher returns, lower trading difficulty, and full control for you, the investor.

No one can say for certain what will happen to the price of gold in the short or long-term, but the past performance of gold speaks for itself. Gold sees its best returns in long-term investments, but even short-term can see impressive results, if timed right. The chart below shows the returns on a gold investment over three different time periods.

These impressive returns are one of the reasons we believe physical gold is one of the best ways to invest £10,000. With inflation in double digits in 2023, keeping £10,000 in the bank or an ISA will see your money slowly devaluing. By keeping at least some of that wealth in gold this would have helped protect and grow your investment.

Best investment for 10k

If you have decided that gold is the best investment for 10k for your situation, then the first choice to make is whether to go for gold bars or gold coins. This will often come down to taste and preference, but generally speaking the larger the item you can buy, the lower the premium will be – and bars typically come in the larger sizes.

Coins however do have two key benefits over bars; flexibility and Capital Gains Tax (CGT) exemption. Buying multiple coins gives you the flexibility to sell off parts of your investment as and when you wish. Coins produced by The Royal Mint here in the UK are also exempt from CGT. This means that the profits you make when selling your gold investment will be tax-free; a perfect way to maximise your return on investment.

Gold Sovereign

A popular coin for investors is The Royal Mint’s Gold Sovereign. First struck in 1817, the Sovereign
is internationally recognised, and is 7.98 grams of 22ct gold bullion. At a quarter of an ounce, the
Sovereign is a great way to buy multiple coins, at low premiums. This gives you lots of flexibility for
selling, while also being VAT and CGT-free. At current prices, £10,000 could buy you 24 of our best
value Sovereign coins.

Gold Britannia

For a more traditional-sized coin, the one ounce gold Britannia would make a perfect choice. The gold
Britannia was first issued in 1987, and has contained 31.21 grams of 24ct gold since 2013. Like the
Sovereign, the Britannia has a face value – of £100 for the Britannia – and is therefore exempt from
both VAT and CGT. At current gold prices a £10,000 investment would be enough to buy six of our
best value Britannia coins.

Gold Bars

Gold bars offer some of the largest sizes and lowest manufacturing costs, keeping premiums at a
minimum. Due to the sizes of these bars they can be less flexible, but are easier to store, and are easy to
sell. BullionByPost’s 100 gram pre-owned bar offers some of the lowest premiums for gold on the market
and at current prices 2 would cost £10,442.

Like coins, there are one ounce bars that can be bought pre-owned for low margins. Buying
several smaller bars allows you to choose the amount most suitable for your budget, and grants
you some of the flexibility found in coins.

Customers can also try our investment calculator for a range of package suggestions based on your budget.
This is one of the best ways to find the right 10k investment for you on our site.