Bitgold and royal mint signature gold

joycey_2018

Hi
I did try a search but no results came up.

I have been reading a lot about the newish investment opportunities, I have very little in the way of savings but I am considering either of these as a start to potential savings.

I understand that the precious metal market fluctuates but aside from the risk of the market is money held in either bitgold or royal mints scheme safe?

Both state that the investor owns the gold they buy and from what I understand with bitgold you can buy goods or withdraw in physical gold, the royal mint scheme is different as you cannot withdraw the physical gold but can sell it back to royal mint.

Any one else looked into this?

Thanks

Joycey

jimjames

If you have no savings then surely that is something you need to fix before looking at exotic investments such as these.

Once you have 3-6 months worth of expenses or salary saved as cash then maybe look elsewhere but personally I'd do proper investments in a S&S ISA before any of these options.

steelbru

You should also check that you're putting the maximum allowed into your pension before looking at these