The majority is stored in Voima's vault in Finland 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 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 vault reserves can go below 70% temporarily. If this should be the case, Voima will increase the reserves by withdrawing gold bars from the trading partners and shipping them to Finland.
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
For reasons of security, convenience and liquidity.Read full answer
Yes. The Customers' gold is investment grade, with a purity of at least 99.99%.Read full answer
Yes. Within the Finnish borders, standard deliveries for 100-gram gold bars are available in exchange for a €50 fee per shipment. The shipment is handled by Posti, and the maximum value a parcel can contain is €15,000. This means that you can ship a maximum of two 100-gram gold bars per shipment. If you want to arrange shipping outside Finland, please contact Voima’s Customer care.
Please note that if you wish Voima to ship your gold bars to you, the gold is withdrawn from Voima's ecosystem. That is why you will also pay a €20 withdrawal fee per bar, as indicated on the pricing page.Read full answer
Yes. The gold stored in Voima's vault is insured to its full market value by Liberty Mutual.Read full answer
Yes. These are conducted by third parties, namely PricewaterhouseCoopers, ALS Inspection UK Ltd. and Hill Audit.Read full answer
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
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