Exclusive: Reform leader promotes Direct Bullion – but experts say commodity is not for everyday investors
Nigel Farage has been criticised over his £400,000-a-year second job promoting the idea that people should buy physical gold and put it into their pension pots.
Farage is paid more than four times his MPs’ salary for the four-hour-a-month job at Direct Bullion, where he has featured in Facebook and YouTube videos.
These include reels where Farage explains “how you can protect and grow your wealth with tax-efficient gold” by putting it into self-invested personal pensions.
However, not all of the Reform UK leader’s videos include disclaimers that the value of gold can go down as well as up, or that his comments should not be considered investment advice. He also does not mention storage costs or flag that gold does not bring in a regular income in interest or dividends.
