The majority is stored in Helsinki and the rest is at Voima's gold accounts opened at its Swiss and British trading partners.
At least 70% of the Customers' gold is stored in Voima's Helsinki vault, available for Customer withdrawals. Rest of the gold is held at Voima's gold accounts opened at its Swiss and British trading partners in order to ensure deep liquidity for the Customers. The storage ratio fluctuates based on Customer orders, and in case of high demand, the Helsinki reserves can go below 70% temporarily. If this should be the case, Voima will increase the Helsinki reserves by withdrawing gold bars from the trading partners and shipping them to Helsinki.
Yes. The Customers' gold is investment grade, with a purity of at least 99.99%.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
No. Voima does not give investment advice to anyone, and hence no personal recommendations can be offered.Open on new page
Voima's gold supply is divided into two categories:
For reasons of security, convenience and liquidity.Read full answer