There are other ways to invest in precious metals, which do not involve buying the physical metal at all.  One such method is spread betting. Spread betting is a valuable tool for hedging precious metal stock (i.e. taking a short position on a precious metal counteracts the price risk of holding physical stock in that metal). There is NO TAX* payable on any profits you earn, but similarly, you will not be able to offset your losses. Betting on the prices of metals and stocks is highly geared and speculative.

The Stephen Betts Group has a close relationship with Cantor Index, who we believe to offer the most competitive and efficient, service available for spread betting. At Cantor Index you can trade real-time online and benefit from live prices and up to date financial news. Click on the link below to open a spread betting account with Cantor Index or to learn more about spread betting.

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Spread bets are high risk products; you need deposit only a small percentage of the value of the bet however your losses may substantially exceed that deposit. You may also be required to make additional deposits at short notice to maintain your bets. Spread bets are not suitable for all customers. Before betting, you should ensure you fully understand the risks and seek independent financial advice if necessary. Approved for issue in the UK by Cantor Index Limited which is authorised and regulated by the Financial Services Authority.

*Tax laws can and may change.