The uncertain economic climate in the UK due to Brexit and other global factors has left many investors searching for a safe haven to protect their wealth. Physical gold has become a popular investment option, as its value tends to rise in times of economic uncertainty. In fact, during the Brexit vote in 2019, the value of gold surged by 26% due to the plummeting pound. This trend is likely to continue if a no-deal Brexit occurs and the pound weakens further. Factors such as quantitative easing, excessive spending, political instability, and bank instability can all lead to a depreciating currency, making gold an effective hedge against currency risk. As the possibility of a global recession looms, gold is becoming an increasingly attractive investment option for individual investors looking to protect their wealth.
| Year | Gold Price (GBP/Ounce) | Gold Price (GBP/Gram) | Gold Price (GBP/Kilo) |
|---|---|---|---|
| 1980 | 133.32 | 4.285 | 4,284.53 |
| 1981 | 211.20 | 6.790 | 6,790.24 |
| 1982 | 184.30 | 5.926 | 5,925.59 |
| 1983 | 177.15 | 5.695 | 5,695.11 |
| 1984 | 154.00 | 4.954 | 4,953.91 |
| 1985 | 141.80 | 4.554 | 4,553.56 |
| 1986 | 131.20 | 4.215 | 4,215.04 |
| 1987 | 136.75 | 4.396 | 4,395.89 |
| 1988 | 166.45 | 5.347 | 5,346.87 |
| 1989 | 205.90 | 6.618 | 6,617.75 |
| 1990 | 253.80 | 8.160 | 8,159.87 |
| 1991 | 221.60 | 7.117 | 7,116.97 |
| 1992 | 222.05 | 7.131 | 7,131.03 |
| 1993 | 178.80 | 5.744 | 5,743.54 |
| 1994 | 158.60 | 5.097 | 5,097.12 |
| 1995 | 141.60 | 4.551 | 4,551.31 |
| 1996 | 123.70 | 3.975 | 3,974.75 |
| 1997 | 125.45 | 4.033 | 4,032.80 |
| 1998 | 127.05 | 4.086 | 4,086.06 |
| 1999 | 111.35 | 3.581 | 3,580.96 |
| 2000 | 131.95 | 4.238 | 4,238.18 |
| 2001 | 166.30 | 5.342 | 5,342.05 |
| 2002 | 191.00 | 6.136 | 6,136.26 |
| 31/12/2003 | 245.05 | 7.873 | 7,872.88 |
| 31/12/2004 | 253.20 | 8.138 | 8,138.05 |
| 31/12/2005 | 317.58 | 10.21 | 10,208.19 |
| 31/12/2006 | 411.29 | 13.22 | 13,217.36 |
| 31/12/2007 | 394.16 | 12.67 | 12,668.16 |
| 31/12/2008 | 606.70 | 19.50 | 19,495.89 |
| 31/12/2009 | 722.70 | 23.23 | 23,232.59 |
| 31/12/2010 | 942.60 | 30.29 | 30,290.76 |
| 31/12/2011 | 1,030.95 | 33.15 | 33,147.85 |
| 31/12/2012 | 1,061.70 | 34.12 | 34,115.10 |
| 31/12/2013 | 797.35 | 25.64 | 25,641.27 |
| 31/12/2014 | 764.40 | 24.57 | 24,565.63 |
| 31/12/2015 | 716.60 | 23.04 | 23,040.41 |
| 31/12/2016 | 1,016.95 | 32.69 | 32,689.13 |
| 31/12/2017 | 993.45 | 31.94 | 31,937.92 |
| 31/12/2018 | 969.50 | 31.17 | 31,173.61 |
| 31/12/2019 | 1,127.10 | 36.21 | 36,213.15 |
| 31/12/2020 | 1,300.20 | 41.81 | 41,812 |