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The Lure of Gold

I'm not surprised that so few IFAs have so far used physical gold in SIPPs and Wraps, but astonished at the high proportion who seem to be disinterested - or perhaps just under-confident - in doing so. The ETFS Physical Gold fund (PHAU) is backed by numbered bars of gold bullion in a vault held under custodianship at arms length, which minimises any counterparty risk. Like most ETFs it costs very little to own and is easily purchased through SIPPs and wraps. Several of our advisory clients hold suitably small amounts in their Transact portfolios, with happy results to date. In our view this "pernicious metal" is an excellent diversifier in these troubled times. No advice intended, DYOR!

Posted by: Mike Shaw

21 Jul 2010 | 14:42
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How can you access gold in your SIPP?

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