Yes. This means that the Customers' gold is not owned by Voima but rather by the Customers themselves.
This is crucially different from how modern banking is done: If you open an account at a bank, you agree to lend your money to them. So while you can use the money, it is nonetheless the bank's property and is thus listed on their balance sheet.
Yes. The Customers' gold is investment grade, with a purity of at least 99.99%.Read full answer
The majority is stored in Helsinki and the rest is at Voima's gold accounts opened at its Swiss and British trading partners.Read full answer
Yes, if you are liable to pay taxes in Finland. In other cases, you should consult your local tax authorities for the answer.Read full answer
Yes. You can withdraw the gold either as 99.99% pure gold bars or by exchanging the gold for euros and transferring them to your bank account.Read full answer
By logging in to your Voima Account.
Voima's price of gold is indicated in euros per gram. However, Voima accepts all currencies accepted by its primary banking partner, OP. Please note that since OP exchanges all the currencies for euros upon reception, additional conversion fees might apply.Open on new page
Yes. You can exchange the gold on your Voima Account for euros, which is equivalent to selling it to Voima.
If you wish to sell your gold material, like bars or jewellery, you can bring it to Voima for a €100 fee. To do this, you need to book an appointment. The amount of pure gold in the batch will be analysed, after which the corresponding amount of gold is deposited into your Voima Account. You can then exchange it for euros.
In terms of the delivered material, Voima accepts gold bars, plates, jewellery and other gold items.Open on new page
Yes. Within the Finnish borders, standard deliveries for 100-gram gold bars are available in exchange for a €70 fee per bar. This consists of a €20 withdrawal fee and a shipping fee of €50. If you want to arrange shipping outside Finland, please contact Voima’s Customer care.Read full answer
Yes. These are conducted by third parties, namely PricewaterhouseCoopers, ALS Inspection UK Ltd. and Hill Audit.Read full answer
Yes. The gold stored in Voima's vault is insured to its full market value by Liberty Mutual.Read full answer