Gold investment may not return a sizeable profit with prices sitting at multi-year lows at the moment, but the precious metal offers a safe investment away from exceptional events. After selling off his buy-to-let portfolio Omkar Joshi, accountant and property investor, is turning his sights to gold
Previously, I wrote about why I was liquidating my buy-to-let property portfolio because of the incongruent business model in place now that financing costs aren’t allowed to calculate taxable profits anymore. Since then, I have got my properties on the market and have accepted offers on a couple of them so the portfolio liquidation is very much a reality for me.
I have now diverted my attention to where I could use my money so that it is put to a good return instead of the high-yielding property assets from the past. With Brexit very much a reality and yet equity markets sitting at an all-time highs, the decision to invest money is a complex one right now. Against the current backdrop of significantly inflated asset prices and increasing macro-economic risks, I’ve had to research a number of options before coming up with one investment strategy that I think should work in the long term, buying gold.