Liquidity describes how easily you can convert something into money.
When the term is applied to money itself, it describes how easily you can exchange one type of money for another.
While gold is universally recognised, it is not a given that it can be exchanged for, say, euros just like that. After all, it is unlikely you could purchase a pair of trainers with a gold bar without some complications.
However, thanks to Voima's trading partners, top refineries and London trading houses and the digital features of Voima Account, you can exchange gold for euros and vice versa with little effort. All this ensures that your gold has 'deep liquidity'—it is an extremely liquid asset.
Yes. The Customers' gold is investment grade, with a purity of at least 99.99%.
Read full answerYes. This means that the Customers' gold is not owned by Voima but rather by the Customers themselves.
Read full answerThe majority is stored in Helsinki and the rest is at Voima's gold accounts opened at its Swiss and British trading partners.
Read full answerAlthough its price can fluctuate in the short term, gold has been valued throughout millennia, thus outperforming many official currencies.
Read full answerYes, if you are liable to pay taxes in Finland. In other cases, you should consult your local tax authorities for the answer.
Read full answerYes. 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.
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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.
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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 pageYes. 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 answerYes. These are conducted by third parties, namely PricewaterhouseCoopers, ALS Inspection UK Ltd. and Hill Audit.
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