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The safe account fee is a yearly fee of 0.99%, and every day a division is set aside for a monthly installment paid in gold. In practice, this means that the following calculation is done daily: total amount of gold x 0.0099 / number of days in a year. On the first day of each month, the amount set aside during the previous month is charged from your gold account.
Let's take a look at an example. You have 100 grams of gold on your Voima Account on 1 January 2022. This year has 365 days, so on 1 January, 100 g x 0.0099 / 365 will be set aside. This equals roughly 0.0027 grams. The same calculation is done on each day of the month. Then, on February 1, approximately 0.084 grams are charged from your gold account for the 31 days of January.
No. Voima requires that each Customer is identified in order to ensure the provision of safe services and to comply with AML/CFT legislation.Open on new page
Only the safe account fee. The other fees are VAT-exempt.Read full answer
Liquidity describes how easily you can convert something into money.Read full answer
Voima's gold supply is divided into two categories:
No. Voima does not give investment advice to anyone, and hence no personal recommendations can be offered.Open on new page
The Good Delivery specification is a set of rules issued by the London Bullion Market Association (LBMA) describing the fine ounce weight, purity and the physical appearance of gold and silver bars. If a refinery has been accredited by the LBMA, it must produce bars according to the Good Delivery specifications.
Voima's Customers can withdraw Good Delivery gold bars: these bars weigh approximately 12.4 kg, and the withdrawal price can be checked from Voima's pricing page.Open on new page
It means that you are the legal owner of the gold you have acquired through Voima's service and that the gold is not on Voima's balance sheet.Read full answer
For reasons of security, convenience and liquidity.Read full answer
Yes. You can do this through your own bank account by setting a sum that will be transferred to your Voima Account regularly, for example once a month.
In case you need help with this, please contact Voima's Customer care.Open on new page
No. There are no fees associated with the currency account.Open on new page
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