28 September 2023
Amid the cost-of-living crisis, the Royal Mint reported a surge in gold and silver investments as alternatives to disappointing traditional savings and stock returns. First-time precious metal investors increased by 17% in the first half of 2023, with gold investments up by 10% and silver by 16%. Andrew Dickey, the Royal Mint’s director of precious metals, noted that individuals are diversifying portfolios and seeking “safe haven” assets like gold, which has seen its price rise by nearly 65% in the last five years.