The 1128-year-old British coin maker, The Royal Mint, has launched royalmintbullion.com, a new bullion trading site where people can purchase, store and sell bullion coins online directly from the Royal Mint 24 hours per day, 365 days per year.
The Royal Mint says its service stands out from the competition in that it provides round-the-clock live prices for gold and silver at a rate linked to the price of precious metals, i.e. you can purchase bullion at the best possible price whenever you want.
Once you set up an account at its trading platform, you will be able to buy brand new Royal Mint Lunar, Sovereign and Britannia bullion coins.
The Royal Mint’s flagship coin – The Sovereign – is struck in 22 carat gold. The company says the coins are available in either 999.9 fine gold (24 carat) or 999 fine silver. The Lunar coin, its newest, is also struck in 999.9 fine gold or 999 fine silver.
You can trade in gold and silver bullion online any time and from anywhere in the world.
Receive bought coins or store them there
Once you have made your purchase, you have the choice of either having the coins delivered to you through an insured service, or storing them in The Vault, which belongs to The Royal Mint and is protected round-the-clock by the UK Ministry of Defense.
The Vault was introduced after demand for bullion coins increased and more people asked to be able to store their investments away from home.
The Royal Mint claims to be the only company of its kind where customers from anywhere in the world can arrange to have secure, on-site storage of their investment, at any time of day or night.
The Royal Mint wrote:
“The Royal Mint has also guaranteed that it will provide all customers with a quotation to buy back any gold coins bought from its website and stored in The Vault™ – this money will then be deposited directly into the customer’s Royal Mint Bullion account, ready for them to withdraw or to make a new purchase.”
(Photo: The Royal Mint)
Enormous potential demand for bullion
Within the UK alone, there is potential £4 billion in pent-up demand for gold, according to research carried out by The World Gold Council. Consumers have been put off taking the plunge “because of the perceived barriers to purchasing precious metals.”
The Royal Mint’s Director of Commemorative Coin and Bullion, Shane Bissett, says:
“Where the average consumer may have shunned gold due to perceived complexities, The Royal Mint can help make this option a much more accessible opportunity. We want to help expand the bullion market in the UK, particularly as coins offer a relatively affordable introduction – and believe we are well placed to do so.”
“The Royal Mint is responsible for manufacturing all UK coinage and has long been trusted with the currencies of other countries too, supplying to more than 60 worldwide. The quality of our bullion coins is of an extremely high standard which cannot be rivalled. We have been a highly respected and trusted source of coins for kings, queens and governments for over 1,000 years, and this proud heritage is means that we are globally recognized as a reliable source for bullion coins.”
Gold bullion coins have recently been awarded VAT-free (no sales tax) status in the UK. For UK residents, the Lunar, Sovereign and Britannia bullion coins are also Capital Gains Tax free, because they are considered legal tender.
Remember that investing in gold is risky, prices can go down as well as up. It is a speculative investment.