What documents you need to buy investment gold in the UK and how anti-money-laundering rules affect your purchase.
United Kingdom anti-money-laundering regulations require bullion dealers to verify the identity of any customer purchasing more than £5,000 worth of metal in a calendar year, or any single transaction over £10,000 in cash. The requirements are similar to those for opening a bank account.
Practically, this means a passport or photocard driving licence, plus a recent utility bill or bank statement showing your registered address. Both must be dated within the last three months. We can verify documents electronically for repeat clients, but every new account requires a one-off in-person or video check.
“Practically, this means a passport or photocard driving licence, plus a recent utility bill or bank statement showing your registered address.”
Buyers below the threshold can transact without ID, although we strongly recommend establishing an account record from the first purchase. Doing so makes subsequent sales considerably faster and unlocks our online quote portal.
Cash purchases are accepted only up to £8,000 per calendar year. For larger amounts we settle by bank transfer in either direction.
