If you had £1,000 to tuck away, would you consider spending it on gold?
Investing in gold can feel like a risky business. Like any commodity, the gold price rises and falls, and the circumstances behind this aren’t always within your control.
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Gold versus savings
Savings account |
AER |
Value of £1,000 deposit after one year |
Profit from the savings account |
Value of £1,000 worth of gold after one year* |
Profit from gold (after dealer fees) |
Profit difference versus gold return (after dealer fees) |
---|---|---|---|---|---|---|
HSBC Fixed Rate Cash ISA |
4.10% |
£1,041.00 |
£41.00 |
£1,319.40 |
£249.82 |
-£208.82 |
Nationwide Flex Instant Saver |
3.00% |
£1,030.00 |
£30.00 |
£1,319.40 |
£249.82 |
-£219.82 |
Barclays Reward Saver |
2.41% |
£1,024.10 |
£24.10 |
£1,319.40 |
£249.82 |
-£225.72 |