Can you buy gold through the company?

Can a company invest in gold? We go through what you need to consider, the benefits, and how it works in practice!

Yes, it is possible to invest in gold through your company – and it can be a strategic move to diversify assets and secure capital. However, it’s important to understand the tax implications and ensure proper accounting.

Is investing in gold a smart choice for companies?

The benefits of gold for businesses are clear. It has long been considered a safe asset that protects against inflation and currency risks during economic uncertainty.

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1 oz PAMP Lunar Dragon 2024 Gold Bar

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Tax considerations

In Sweden, investment gold is exempt from value-added tax (VAT). This means that gold weighing more than 1 gram can be bought and sold without VAT. Investment gold includes:

• Gold in the form of bars or plates with a weight accepted by the market and a purity of at least 99.5%.
• Gold coins that meet certain criteria, such as a purity of at least 90% and being traded close to the market value of their gold content.

Jewelry and other gold products, however, are subject to VAT. Therefore, it’s important to understand the difference between investment gold and other products.

Accounting for gold purchases

How gold should be accounted for depends on its purpose:

• Fixed asset: If the gold is intended as a long-term investment, it should be accounted for as a financial fixed asset.
• Inventory: For gold intended for trading or quick returns, it should be accounted for as inventory.

Document the purpose carefully and consult with an accountant to avoid mistakes.

Advantages of buying gold through your company

• Capital preservation: Gold can act as a store of value during economic downturns.
• Diversification: Including gold in your company’s portfolio can reduce exposure to risk.

Other factors to consider

• Storage costs: Secure storage for physical gold can incur additional expenses. Here we list great tips on how to store gold!
• Diversification of company assets: Gold can be part of a diversified corporate portfolio, but it shouldn’t be the sole asset. Balance is key.
• Insurance: Ensure that your gold is insured, both during storage and transport, to protect the company’s assets.
• Sources: Purchase gold from reputable dealers like Tavex to ensure quality and avoid risks associated with counterfeit or stolen goods.

Gold can absolutely be part of a company’s strategy, but it requires knowledge about taxes and storage. Do you think more companies should invest in gold? Leave a comment!