How Much Gold Should Be in Your Portfolio? Expert Perspectives

Optimal gold allocation has been argued over for decades. With inflation still elevated, geopolitical risk where it is, and equity valuations stretched, the case for a meaningful allocation has rarely looked stronger.

Most institutional advisers land somewhere between five and fifteen percent of a portfolio in gold, depending on risk appetite and time horizon. Central banks have been net buyers since 2010, and the pace has picked up sharply over the past three years.

For UK investors, the tax position changes the calculation. CGT-free Britannias and Sovereigns let you hold gold without the drag that affects ETFs and unwrapped bullion.

Graded proof coins go a step further. Holding gold in the form of NGC or PCGS PF70 coins gives you exposure to the spot price plus a numismatic premium that can move on its own dynamics.

Family offices and HNW investors have generally been moving toward physical over paper in recent years. The reasons are familiar: counterparty risk, privacy, and the comfort of holding something you can actually touch.

We work with clients to set an allocation that fits their wider portfolio rather than pushing a fixed number. Where gold goes, and in what form, is usually more important than the headline percentage.