Weekdays
09:00–16:30 Helsinki time zone
Gold on a |
Traditional |
|
|---|---|---|
| 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 Estimated from the end of 2021 |
205,238 tonnes This represents the above-ground stocks. |
14.85 trillion euros |
| 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 in accordance with the ECB requirements. |
| Instantly withdrawable for one customer | Withdrawals are done in 100 g or 1 kg bars. |
Withdrawal limits may apply. |
| Instantly withdrawable for all customers at once | 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. |
Gold on a |
Traditional |
|---|---|
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 stockEstimated from the end of 2021 | |
| 205,238 tonnes This represents the above-ground stocks. |
14.85 trillion euros This represents the euro supply (M2). |
Increasing rate of global stockYearly 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 reservesThe deposited amount not lent out to others | |
100% |
This is in accordance with the ECB requirements. |
Instantly withdrawable for one customer | |
Withdrawals are done in 100 g or 1 kg bars. |
Withdrawal limits may apply. |
Instantly withdrawable for all customers at once | |
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. |