Why and how to buy gold in 2023?
Should you buy gold in 2023?
- Physical gold: investing in coins or bullion.
- Paper gold: invest in derivatives or mutual funds.
Before answering the question “should I buy gold?”, let’s focus on the different ways of holding gold today:
- Physical gold: investing in coins or bullion.
- Paper gold: invest in derivatives or mutual funds.
The first option is to buy physical gold directly from a specialized agency such as Les Métaux Précieux.
But with the democratization of gold investment in recent years, new options have emerged. Specialized agencies have digitized their services to enable you to make an online estimate, sale or purchase directly from their website. To find out for yourself, choose our LMP gold kit.
When you buy gold online, your order is delivered to your home, and is often insured against loss or theft.
The first option, then, is to buy physical gold directly from a specialized agency such as Les Métaux Précieux.
But with the democratization of gold investment in recent years, new options have emerged. Specialized agencies have digitized their services to enable you to make an online estimate, sale or purchase directly from their website. To find out for yourself, choose our LMP gold kit.
When you buy gold online, your order is delivered to your home, and is often insured against loss or theft.
- shares in gold mining companies, which sell their production on the market;
- gold funds (SICAV and FCP);
- certificates and trackers that replicate gold price performance.
Should I invest in gold in 2023?
You’ve probably heard it said that gold is a safe-haven asset: in fact, it’s the precious metal with the largest reserve of value. Thanks to the durability of the world’s gold stocks, gold is a symbol of economic stability (unlike banknotes, which lose value when stock markets fall).
During inflation, this is why many investors and private individuals decide to invest in gold in the form of bars or coins. As prices rise, the price of gold rises to keep pace with the rising cost of living. Investing in gold is thus seen as a solution to guard against economic turbulence.
For those wondering how to buy gold, or for trading enthusiasts, gold is considered an asset with many advantages. It allows you to diversify your investment portfolio and secure it against market downturns and inflation.
A gold ETF is therefore an exchange-traded investment fund. It’s a basket of financial securities (often equities) listed on the stock market: you can buy or sell it at your leisure during trading hours. ETFs offer a number of advantages, such as low fees and dividend payments.
Gold bars are a form of physical gold purchase. You can buy them online or in specialized stores. To qualify as investment gold, bars must meet the following criteria:
- weight over 1 gram ;
- purity of at least 995 thousandths.
When you buy gold, each product is sealed with a serial number. This guarantees its quality, authenticity and traceability.
- weight over 1 gram ;
- purity of at least 995 thousandths.
When you buy gold, each product is sealed with a serial number. This guarantees its quality, authenticity and traceability.
Yes, you can buy gold in the form of coins, called bullion coins. The value of these coins depends on the quantity of gold contained or the value of the collection.
There are two types of gold coin:
- coins minted after 1800 ;
- coins minted before 1800.
Gold coins minted before 1800 are the only ones considered as investment coins. They must also meet the following criteria;
- have been legal tender in the country of origin;
- have a purity of at least 900 thousandths;
- have a quotation that does not exceed 80% of the contained gold value.
Should I invest in gold in 2023?
Should you buy gold in 2023? Before making your decision, bear in mind that this is not a tax-free investment! Buying gold is tax-free, but the resale of gold is subject to taxation, which will have an impact on your potential capital gain.
There are two tax regimes for reselling gold:
- Capital gains tax: you are able to justify your purchase of gold by means of a nominative invoice. The tax rate is 36.2% on the capital gain realized at the time of sale, with an allowance of 5% per year after 3 years of ownership. After 22 years of ownership, you benefit from a total exemption.
- Tax on precious metals: you don’t have a receipt or invoice for your gold purchase. The tax is 11.5% on the proceeds of the sale (including 0.5% Contribution au remboursement de la dette sociale).
If you wish, LMP agencies are also available to appraise your precious metals. They will be able to identify your gold and your agent, and answer all your questions.
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