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.
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
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
No. In Voima's business, the gold is counted in milligrams (1/1000), which means that you can save in gold with smaller amounts. Thus, you can acquire such amounts that suit you specifically.Open on new page
For reasons of security, convenience and liquidity.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
When you buy or sell gold at Voima, you pay the price of gold plus an exchange fee.
If you buy gold through your currency account or sell gold, you will be shown the exact amounts of what you will get from the exchange upon confirming the transaction. If you buy gold via bank transfer, the gold price applied will be the current price at the time when Voima settles the transaction.Open on new page
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