Gold is a precious metal that, as a savings solution, enjoys impressive popularity. Indeed, according to a recent survey, nearly three-quarters of people consider this resource as a real safe haven investment. Despite everything, many remain wary of gold and consider investing in the yellow metal to be risky.
The purchase of gold is reserved for the richest. It’s wrong! Contrary to popular belief, gold is accessible to (almost) all stock exchanges.
Gold is hard to store
It’s wrong. Here is a recurring cliché: gold would be difficult to store due to its rarity, which would make it a popular resource for burglars. The reality is much more nuanced.
Gold is likely to be stolen, of course, but no more so than a car, a watch, a musical instrument, or a luxury item of clothing. As with all those objects that you already keep in your home (and which are more visible than a few grams of gold), there are devices to protect your belongings and prevent burglaries. In addition, there are now efficient and secure private storage solutions.
Gold holders are subject to heavy taxation
True, but only partially.
It is an undeniable fact: capital gains on the resale of gold are taxable.
However, the taxation of gold can be interesting if one is interested in its acquisition as well as its possession. When you buy gold, this operation is exempt from VAT and tax-exempt. In addition, its possession is not subject to the Real Estate Wealth Tax.
The resale of gold is heavily taxed
This received idea is not always true!
Investing in gold can be profitable when the time comes for resale. With this operation being taxed, one can wonder about the relevance of such an investment.
There is indeed a tax on the appreciation of precious metals. But owners are completely exempt if their gold was acquired 22 years ago or more, and they have kept proof of the date of purchase. Without official proof of the date of acquisition of the gold, the fixed tax on precious metals applies.
In addition, tax rates (and the amount of any tax relief) vary, depending on whether the gold is in the form of legal tender gold coins (such as the US Eagle) or demonetized bullion and coins ( of the Napoleon coin type ).
Gold pays nothing
This is false. Certainly, the possession of a reserve of gold does not allow anyone to obtain a regular income supplement. In this, investing in this metal differs from certain attractive stock market operations, as they are more profitable in the short term. His interest is elsewhere.
However, its status as a safe haven makes it a very relevant element of savings according to experts: the price of gold evolves in a counter-cyclical manner, and investing in the gold metal makes it possible to protect against inflation as a part of its financial capital.
With this, reselling gold can be extremely profitable: depending on the price of gold and the economic context, you can make a significant capital gain.
