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.
The fact that the gold is not on Voima's balance sheet means that your gold would not be compromised even in the extreme case of Voima's bankruptcy.
The gold is owned by you: you can let it rest on the account, you can exchange euros for gold or vice versa, you can take credit against it and so on. Finally, you can always withdraw your gold either as physical bars or euros, depending on how much gold you own. Currently, you can withdraw the following bar sizes: 100 g, 1 kg and 12.5 kg.
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
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
Yes. Due to international sanction policies and technical limitations, all residents from certain countries are blocked from access to financial services.
Currently, the following countries and areas cannot use Voima's services: 🇨🇳 China, 🇨🇺 Cuba, 🇰🇵 North Korea, 🇮🇷 Iran, 🇷🇺 Russia, 🇸🇾 Syria and Crimea.Open on new page
For reasons of security, convenience and liquidity.Read full answer
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
No. Voima does not give investment advice to anyone, and hence no personal recommendations can be offered.Open on new page
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