Invest in gold - meaning?

Hi,
If you invest in gold does it mean you physically own some gold bars and have them in your house, in a safe somewhere, under your mattress? Just
wondering having seen so many reports of late suggesting gold is a good place to be in the current climate. I suppose, having a piece of paper saying you own so much gold is pretty pointless in a situation where gold has replaced 'paper' money.
J.
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It means what you want it to mean.....
I believe that if you want to buy the real stuff then companies will offer to store it in Jersey to avoid VAT.
Daytona
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There's no VAT on gold.
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snipped-for-privacy@fittstim.ls2.net writes

Dont you mean there is no VAT on Investment Gold?
--
John Boyle

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Yes.
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You can buy gold VAT free, a 100oz bar will cost you about 23k. Having such an item under your mattress will incur insurance costs unless you want to take a chance. You could alway put it in a safe deposit box at a bank.
Gold certificates are popular. Yuo can have "allocated" meaning you have legal right to specifically named bars/coins which are your even if the provider went bust or you can have "unallocated" meaning you have an interest in an undivided portion of a larger whole. The latter is probably okay but is a bit like money in a bank - yuo can get it any time but if they go bust you line up behind other creditors.
Roland.

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