For reasons of security, convenience and liquidity.
There are several reasons to keep your gold on your Voima Account instead of storing it at home. First of all, holding valuables can be stressful. You will have to invest in proper paraphernalia, such as a safe, or you will have to make sure to conceal the valuables in a way that evades detection. Furthermore, there can be numerous factors that a single individual might find difficult to take into consideration, such as accidents. Therefore you should obtain proper insurance, which can be costly and might include excess payments. Besides that, most insuring companies rule out investment grade gold products from their terms on property insurances for private individuals.
If you wished to sell your gold, you would have to find out the potential buyers and determine the price. The sale might require that the gold needs to be processed, which may take time or incur additional costs depending on the operator. You may also have to arrange logistics, which can ramp up the costs and thus complicate the price determination.
With Voima, you do not have to agonise over your valuables: in exchange for an affordable annual fee, you get security, verifications and peace of mind with regard to your gold. The stored gold is also fully insured, and it is fully owned by you, meaning that a potential bankruptcy of Voima would not compromise your gold assets.
Finally, gold on a Voima Account is better in terms of finance and liquidity. You can take credit against your gold, and you can exchange it for euros if need be.
Yes. The Customers' gold is investment grade, with a purity of at least 99.99%.Read full answer
The majority is stored in Helsinki and the rest is at Voima's gold accounts opened at its Swiss and British trading partners.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: