Gold price hits a five-year high
After a sluggish start to the year, gold has jumped to a five-year high, as a result of heightened US-China trade tensions as well as dovish signalling from the Federal Reserve. The price has climbed by 8% since early May, when the US and China increased tariffs on each other’s exports, and this combined with the prospect of lower interest rates, has resulted in a golden mid-June.
The Royal Mint’s Director of Precious Metals, Chris Howard, comments: “With gold rising to an impressive five-year high, it is clear investors are seeking the safe haven qualities of gold amid heightened geopolitical tensions. By increasing their exposure to gold and other precious metals, they have the opportunity to offset the risks of market volatility, whilst benefitting from VAT exemptions, as well as Capital Gains Tax exemptions for coins. Furthermore, demonstrating its liquid asset quality, through The Royal Mint’s buy- back service, investors have the flexibility of selling their authentic gold bullion coins and bars back to us, even if they’re not produced by The Royal Mint”.
To take advantage of our buy back service today, follow these six simple steps for selling physical gold back to us:
Submit a quotation
Visit our dedicated buyback page on our Royal Mint Bullion website or call our customer service team on 0345 600 5014.
Quote sent via email
You'll receive a quote containing the offer price for your bullion products via the email address used for your account.
Review your quote
Once you have received the quotation, you can choose to either accept or reject it by responding to the email.
Send in your bullion
Instructions will be provided by the customer service team via email regarding the delivery of your precious metals to us, or an arranged drop off with an approved partner. All bullion will be assay tested for authenticity.
Receive payment to your bullion account
Once your precious metal item has proved its authenticity, funds will be deposited into your bullion account.
Re-invest or withdraw your funds
Your new funds can be used to either buy more bullion or can be withdrawn back to your personal bank account.