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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 insurance companies rule out investment grade gold products from their terms on property insurances for private individuals.
If you wished to sell your home-stored 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. Through Voima Account, you can easily exchange gold for euros and vice versa. This is enabled by Voima's trading partner, thanks to whom Voima has access to the London gold market, in which billions of euros' worth of gold is traded daily. Therefore, it is easy to find a new buyer for the gold on your Voima Account in exchange for reasonable fees!
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
Voima's gold supply is divided into two categories:
Yes. These are conducted by third parties, namely Bureau Veritas, ALS Inspection UK Ltd. and Hill Audit.Read full answer
You can view Voima's gold price on the pricing page. The price can also be seen by logging into your Voima Account.Read full answer
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
Yes. The gold stored in Voima's vault is insured to its full market value by Liberty Mutual.Read full answer
Although its price can fluctuate in the short term, gold has been valued throughout millennia, thus outperforming many official currencies.Read full answer
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.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
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