Savers might be able to include gold within SIPPS , Revenue & Customs indicated last week.
Gordon Brown, , announced in his pre-budget report last month that moveable assets and personal chattels, which had until then been expected to be admissible Sipp investments, would not qualify.
However, the Revenue will not at this stage confirm whether physical holdings of bullion are affected by this change. A spokesman said: “We’re aiming to publish draft legislation and draft guidance, which will include examples, in good time before the 2006 finance bill is introduced.”
The general feeling is that gold jewlerey will not be allowed to be held within a SIPP
There is talk of gold heading towards $700,00 by the end of this year one route to take advantage of the gold price increase would be to use gold bullion securities which are traded on the London stock exchange set up costs are low 0.1% annual charge 0.4% ,the gold itself is held at HSBC giving you peace of mind.