Any implications for Irish Limited Company buying Gold?

I've put this question to our accountant, but no response as yet, so maybe the wise ones of AAM can help!

As a Limited company (registered in Ireland), we're considering buying some physical gold. Is there any reason why a company couldn't do this, or it would make accounting difficult (and thus more expensive!) for some reason?
I understand that the gold will be an asset and liable to corporation tax, so an ongoing liability if the gold value rises year-on-year?
Are there other pitfalls we need to be aware of? I haven't come across a huge amount of information on this particular subject, aside from discussions on some UK contractors website.

So, in a nutshell, what are the implications for buying the gold, the period that it remains a company asset and then the subsequent selling of gold?

Is it an audit case? Value it as investments lower of cost or net realisable value, no major deal.

Held as an investment so subject to Capital Gains Tax on disposal

The value of your investment can go down as well as up and all that