Gold Versus ISAs

Simple to open and manage, an ISA product is often the first port of call for anyone seeking a tax-efficient way of growing and safeguarding wealth for the future, but how do they measure up against gold?

After researching the best paying ISAs currently available from UK financial institutions, interest rates tend to sit at around the 2% mark, meaning that investments of £100k ten years ago will have resulted in a total of £130k today once inflation is accounted for.

Investing the same figure in gold over the same time period would have garnered far better results, with a total of £286k delivering a 186% increase in value today. Is it any wonder that gold is consistently cited as a strong, stable and highly regarded investment option?

Restrictions and timeframes
Another key consideration when comparing gold with ISA’ s is the restrictions and time restraints placed on investors. ISA’s often limit how much can be added or removed during a particular timeframe and some even place heavy liquidation fees on investors who want to withdraw funds early.

Gold offers far greater flexibility, as amounts can be traded or exchanged at any time without such penalties. As there is always a demand for gold, it is easy to gain access to currency from your investment without facing fees for doing so.

Tax
What makes ISAs so attractive for those looking to safeguard wealth for the future from a tax perspective can also be said of gold. As the precious metal is exempt from several taxes including VAT and Capital Gains Tax in the UK and the EU, many savvy investors choose gold coins as their investment of choice as they are exempt from Capital Gains Tax as they hold a currency status.

A tax efficient, tangible asset that outperforms ISAs in terms of wealth growth and accessibility, gold offers investors the chance to invest without restrictions and make far more significant gains over the same time period.

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