Question
Why doesn't the price of physical gold directly match the spot price per gram?
Answer
With physical gold you always pay slightly more than the market price — this difference is called a premium. It covers the manufacturing, minting, and transport costs of the product. The size of the premium varies by product:
- Standardised bars are easy to resell internationally thanks to their certificates.
- Investment coins are internationally recognised and highly liquid.
Both are VAT-exempt investment products in Finland when they meet the standards defined by the EU. In practice, many customers combine bars and coins according to their own investment plan.
