Gold bullion purchase is the most traditional way of investing in gold for the purpose of savings. About 1 000 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 to 10% can protect and enhance the performance of an investment portfolio.
Rietumu offers a possibility to its customers to buy an investment gold in bars directly from the German C.HAFNER GmbH + Co. KG refinery.
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.
| Minimum volume of the deal | 5 kg |
| Purchase and delivery of gold bars to the Bank’s vault | 1.5% of deal amount, min 5 000 EUR 5 |
| Sale of gold bar3 | 2% of deal amount, min 5 000 EUR 5 |
| Investment gold storage fee4 | 0.75% per annum |
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 To purchase physical gold you have to submit written order using your personal cabinet of the internet-banking system. You can also arrange a suitable time for gold delivery as well precise other terms regarding delivery. 3 Price is bid only when the bank gets confirmation of the authenticity of gold from the counterpart. 4 Is charged monthly in euro currency (calculated by act/360 day count), VAT is included. 5 Buy and Sell from an investment account.