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Voima compared to traditional banking

Gold on a
Voima Account

Traditional
bank account

Unit of account Milligram of pure gold Euro
Form Gold Digital numbers
Ownership You own the gold You do not own the money

You own a bond. This means you lend your money to the bank, and they lend it forward to others.

Supply Limited

Gold cannot be created.

Unlimited

Central banks can always print more money.

Current global stock 202,674 tonnes

This represents above-ground stocks at the end of 2020, plus a five months' estimate.

14.10 trillion euros

This represents the euro supply (M2).

Increasing rate of global stock

Yearly average since 2000

1.67%

This is due to mining.

6.08%

This is due to money creation.

Preserves purchasing power  Yes

This is based on historical data.

 No

The euro has lost 84% of its value against gold since 1999.

Long-term risk Low

From a historical perspective, gold has never failed up to this point.

High

This is based on historical data.

Insurance for all deposits  Yes

Learn more about Voima Account's insurance.

 No

Under EU rules, deposit guarantee schemes cover deposits of up to €100,000.

Total reserves

The deposited amount not lent out to others

100%

This is how it is done with Voima Account.

Minimum 1%

This is in accordance with the ECB requirements.

Instantly withdrawable for one customer
100% in Voima's Helsinki vault

Withdrawals are done in 100 g or 1 kg bars.

Withdrawal limits may apply.

Instantly withdrawable for all customers at once
Approximately 70% in Voima's Helsinki vault

The 30% is placed in Switzerland and London. The ratio fluctuates based on Customer orders.

Less than 1%

This is in accordance with the ECB requirements.

Withdrawal Unlimited

On weekdays, only a 24-hour notice is needed.

Limited

There is usually a daily maximum.

Interest rate 0%

Voima Account is interest-free for a good reason.

Close to 0% or negative

Learn more about interest rates.

Open a Voima Account

About Voima Account

Gold on a
Voima Account

Traditional
bank account

Unit of account

Milligrams of gold Euros

Form

Gold Digital numbers

Ownership

You own the gold You do not own the money

You own a bond. This means you lend your money to the bank, and they lend it forward to others.

Supply

Limited

Gold cannot be created.

Unlimited

Central banks can always print more money.

Current global stock

202,674 tonnes

This represents the above-ground stocks at the end of 2020, plus a five months' estimate.

14.10 trillion euros

This represents the euro supply (M2).

Increasing rate of global stock

Yearly average since 2000

1.67%

This is due to mining.

6.08%

This is due to money creation.

Preserves purchasing power

 Yes

This is based on historical data.

 No

The euro has lost 84% of its value against gold since 1999.

Long-term risk

Low

From a historical perspective, gold has never failed up to this point.

High

This is based on historical data.

Insurance for all deposits

 Yes

Learn more about Voima Account's insurance.

 No

Under EU rules, deposit guarantee schemes cover deposits of up to €100,000.

Total reserves

The deposited amount not lent out to others

100%

This is how it is done with Voima Account.

Minimum 1%

This is in accordance with the ECB requirements.

Instantly withdrawable for one customer

100% in Voima's Helsinki vault

Withdrawals are done in 100 g or 1 kg bars.

Withdrawal limits may apply.

Instantly withdrawable for all customers at once

Approximately 70% in Voima's Helsinki vault

The 30% is placed in Switzerland and London. The ratio fluctuates based on Customer orders.

Less than 1%

This is in accordance with the ECB requirements.

Withdrawal

Unlimited

On weekdays, only a 24-hour notice is needed.

Limited

There is usually a daily maximum.

Interest rate

0%

Voima Account is interest-free for a good reason.

Close to 0% or negative

Learn more about interest rates.

Open a Voima Account

Learn more

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