@Allan ******
Hi Allan, I am also from Scotland. That’s a complex question and depends on many things. If you need the money to live on then it’s an easy answer..cash in and transfer to a Wise account. (Currently giving about 3.75%). If your question is about investment then gold has recently been hyped and increased in value exponentially due to risk in the last 12 months. And although the world is still a dangerous place and the value of gold is hedged to go higher. It could also just as quickly retrace significantly. So it’s a bit of a gamble. And if that £50k is your total pot then I’m not sure it’s a gamble I would take. The other thing is that gold in Thailand is high % 24k yellow gold (and there are lots of counterfeit around) whereas most U.K. gold (bullion) is produced by the mint and assayed accordingly. If you really insist on buying into gold within your budget. I would recommend buying gold brittania’s, 1 oz, 99.999% gold, from Wilkinsons Bullion in the U.K.
Or if you are happy to just get some tax free interest then open a cash ISA for the maximum allowed.
Regards, Rich