Investment goldGold bullion purchase is the most traditional way of investing in gold for the purpose of savings. About 1000 tons of gold bars are sold in the world per year.
Gold is a unique asset class, as studies have shown - allocations to gold of 2 per cent to 10 per cent can protect and enhance the performance of an investment portfolio.
Switzerland is the largest importer and exporter of gold due to 4 largest refineries that are located in the country (Argor-Heraeus, Metalor, Pamp and Valcambi). Two-thirds of the world’s gold goes through Swiss companies and, in an average year, they refine over 2.700 tones
Rietumu offers a possibility to its customers to buy an investment gold in bars directly from the Swiss Metalor Technologies International SA refinery. Metalor implements high quality standards since1936.
You can purchase investment gold of 999.9 purity in LMBA (London Bullion Market Association) standard bars and store the gold in the bank vault or in individual safe deposit boxes. Moreover, you can store gold outside the bank. Each bullion adheres to the industry standards. Purchasing physical gold you may choose preferred weight of a gold bar - 5, 10, 20, 50, 100, 250, 500g, 1 ounce or standard 1 kg gold bar. Fees on purchase of smaller denomination of gold may differ from standard.
Gold bars in Bank’s cash department:
Rietumu offers to their clients a possibility to buy investment gold in cash department of Bank’s central office – Rietumu Capital Centre.
Individual order of gold bars 1,2:
Rietumu also offers a possibility to order investment gold in bars individually, choosing a weight nominal.
1 Physical investment gold is not a financial instrument
2 Price is bid only when the bank gets confirmation of the authenticity of gold from the counterpart
3 Is charged monthly in euro currency (calculated by act/360 day count), VAT is included