Buy gold for just £20, Royal Mint encourages retail investors

 
Lynsey Barber
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Royal Mint makes gold bullion available for all (Source: Getty)

The Royal Mint is making investing in gold even more attractive to individuals with a new services allowing anyone to buy bullion from just £20.

The new signature gold service lets anyone put their money into gold, permitting the precious metal to be bought based on value rather than weight for the first time.

For as little as £20, buyers will get a fraction of a 400oz gold bar, which if bought entirely would cost thousands of pounds.

The gold is kept in the high-security vaults of the Royal Mint after purchase with customers holding a legal title to ownership

The new service follows the launch of the Royal Mint's first online trading platform towards the end of last year in a bid to make precious metal trading available to more people.

“The launch of our online bullion platform last September opened up gold trading to an audience that may previously have been put off by the perceived complexities of the market," said the Royal Mint's bullion director Martin McDade.

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