How the Gold Purchase Works
Sending funds and assigning the amount to savings
In order to make a gold purchase on your savings account, it is necessary to send payments according to a detailed specification within the purchase contract.
As soon as your payment is credited to the company's account, it will be assigned to the respective savings based on the mentioned variable symbol (= your savings account number or purchase contract number, which is stated in the savings details within your customer account). For international payments, where the variable symbol cannot be directly entered into the command, the message text for the recipient or payment reference text is automatically evaluated. In such a case, the payment is assigned based on the reference number. All received and assigned payments are included in the purchase on the next exchange day (a working day when the metal price can be fixed).
Purchase process
The purchase is made at the earliest on the next working day at the current prices of gold products. Purchase prices of savings products are published in the price list on the website and correspond to the current prices of the respective products at the time of metal fixing.
We will purchase gold for you for the entire amount you sent on your savings account. So even fractions of the savings product are bought, according to the ratio of the received payment and the price of the savings product. Product fractions are recorded with accuracy to 4 decimal places.
You have a detailed overview within your customer account about individual purchases and the sum of the gold saved so far, where you can clearly see the entire history and savings balances.
Example of a purchase
You have set up savings with the number 90000 and you save into a 5g gold ingot. From your side, the entry refundable deposit has already been paid.
This month, you sent an amount of 160 EUR to your savings account under the variable symbol/reference 90000. The payment is credited by the bank and the next day is an exchange day, so a metal purchase can be made.
One entire 5g gold ingot currently costs 320 EUR.
So you will buy 160 / 320 = 0.5 of the ingot.
If your future payments and market price remains unchanged, you will have saved 1 whole 5g ingot in 2 months.
Why do millions save in gold?
Stable and Reliable Investment
Gold as a protection against inflation and in times of uncertainty when other investments can be very unstable.
Growth Potential
In the long term, the price of gold has a growth potential, considering the expansionary policies of central banks.
Physical Value
Gold has real value, it's not an abstract or virtual investment. It's an asset you can hold and keep.
High Liquidity
Gold is valued by investors worldwide. In case of need, you can easily sell it and get quick access to cash.
