Few assets have stood the test of time like gold. First minted around 550 BC, it has long been seen as a symbol of wealth and a safe place to put money during times of crisis. And right now, many investors are once again turning to gold as a haven amid rising global tensions and volatile stock markets. President Trump’s tariffs and U-turns have shaken the markets in recent weeks. Gold prices have soared to record highs in tandem, from around £1,620 per ounce in early 2024 to more than £2,400 in April 2025, as investors flock to invest.
Central banks worldwide have been buying it in large quantities, adding to demand. So, should you get in on the action? And if so, how? Gold is often viewed as a hedge against inflation and a way to protect wealth when other options are struggling. It does not pay interest or dividends like a savings account or shares, but it has a history of holding its value, especially when the rest of the market is wobbling.
That said, its price can still swing up and down in the short term. So if you are hoping to make a quick killing, be cautious – it could fall just as fast as it’s risen.
You can buy gold in several ways. You could choose physical gold, like coins or bars, though this involves extra costs for storage and insurance. An easier option could be to invest in funds that track the price of gold – these don’t involve handling any any gold yourself. You can also buy shares in companies that mine gold and other precious metals, although these can be riskier, as their value depends on how well the company performs.
Some investment funds include gold as part of a wider mix, alongside things such as stocks and bonds. This can be a good way to spread risk while still benefiting if gold prices rise.
Online services like BullionVault offer a middle ground, letting you buy real gold that’s stored securely on your behalf, with starting amounts from £80.
For those looking to invest, it’s important not to put all your eggs in one basket. Financial experts generally recommend having no more than 5% to 15% of your portfolio in gold to help smooth out market bumps while keeping the rest invested in assets that can offer growth or income.
As always, don’t invest more than you can afford to lose, and consider speaking to a financial adviser before making any decisions. Gold isn’t a quick fix, but for those seeking stability, it’s been doing that job for more than 2,000 years.
