Investing in gold: analysts and dealers outline the current outlook

The article cites forecasts as high as $5,400 per troy ounce and reports bullion has risen over 69% so far this year; it also outlines buying options such as physical bars and coins, ETFs and mining stocks, and notes tax, storage and sourcing considerations.

Gold has rallied sharply and market participants are discussing how investors can gain exposure. Some forecasts cited in the article reach $5,400 per troy ounce and other analysts expect prices to test $5,000 in 2026. The piece reviews gold's long history as a store of value and describes a recent rise in retail demand for physical bullion. It also covers routes to hold gold, from physical bars and coins to ETFs, funds, and mining stocks. Key points: - The article cites a bullish forecast from Nicky Shiels of MKS Pamp for gold at $5,400 per troy ounce and other analysts projecting moves toward $5,000. - Bullion has risen over 69% so far this year, while the S&P 500 climbed about 17% in 2025, according to the article. - The article outlines buying options: physical bullion (bars and coins), storage and insured dealer custody, ETFs and ETCs, mining stocks, and a Royal Mint "digital gold" product. - It notes UK particulars mentioned in the article: certain legal tender coins (sovereign and Britannia) are described as having capital gains tax-exempt status on resale, and VAT and purity thresholds are cited for tax treatment. - The article mentions specific funds and products, reporting large 2025 returns for some U.S.-listed products and citing a record $64bn invested in gold ETFs year-to-date according to the World Gold Council. - Market and sourcing considerations described include dealer spreads, LBMA membership and standards, responsible sourcing claims, and warnings that the physical-gold market is less regulated and subject to scams. Summary: The article reports that rising prices and analyst forecasts have increased interest in both physical and paper forms of gold, and it highlights practical issues such as purity, storage, fees, and tax treatment. It describes flows into ETFs and greater retail activity for bullion and coins. Undetermined at this time.