Do you want to invest in gold? Check: is it worth it, how much to have, how and where to buy, what about safe storage [1.01.2022]

Do you want to invest in gold? Check: is it worth it, how much to have, how and where to buy, what about safe storage [1.01.2022]
Do you want to invest in gold? Check: is it worth it, how much to have, how and where to buy, what about safe storage [1.01.2022]

With high inflation, investors in Poland and around the world are more and more willing to invest in gold, believing that the “safe haven” will not only provide them with a shelter from post-pandemic economic fluctuations, but also a certain profit. But do we know how to buy ore? When? Where? How to store it?

Sometimes it makes sense to buy gold online for home delivery. But this is how it can be done with products worth up to EUR 15,000. At a higher value, the provisions of the Act on Counteracting Money Laundering and Terrorism Financing become effective. confirmation of personal data at a stationary point of sale. The situation on the Polish gold market and how to safely buy metal in the pandemic era are told by experts Jarosław Żołędowski from the Mint of Treasury – the country’s largest dealer of investment gold and other precious metals – and Adam Stroniawski from Safe Treasury – one of the best protected treasury in Poland , offering a safe deposit box rental.

How to buy investment gold in times of a pandemic? You can also online. How to store gold safely? In the vault

Today, we can easily buy investment gold offline. In times of pandemic and sanitary restrictions, however, e-stores are gaining more and more popularity. They ensure the same security of transactions, and additionally fit into the regime of avoiding unnecessary social contacts.

When buying online, however, you should remember a few basic rules – choose an online store that not only has a “padlock” in the address that guarantees cyber-security, but also enjoys good opinions, offers products from reputable mints, preferably associated with the London Bullion Market Association, and the possibility of insuring a valuable shipment.
– It is also worth paying attention to the date of product availability. The availability period exceeding 15 days may mean that the seller does not have the product in stock and will order the goods only after our payment. We will be like an investor who buys a hole in the ground in a square that has just been fenced off by a developer, instead of buying a finished flat. And yet a developer may go bankrupt, or there may be problems with determining the ownership of the land. Buying investment gold is quite an expense, and the payment usually has to be made in advance – so it’s better to decide on something that we will get your hands on within 2-3 days. It is also worth checking if the courier delivery is insured. Buying gold online works well when we can’t go to a stationary point. This often happens during a pandemic. – adds Jarosław Żołędowski from the Treasury Mint.

When deciding to buy investment gold, it is worth considering where it is stored. An apartment, even if it is equipped with a safe or an alarm, is not a very safe solution. According to police statistics, the number of burglaries into Polish homes fluctuates annually around 70,000. Moreover, home theft insurance generally does not cover gold ingots. The safest way to store precious metal products is in a bank vault, a deposit at a dealer or in vaults offering hiding places for rent. One of the best-guarded is the Safe Treasury located in the former Warsaw headquarters of the Agricultural Bank. Thus, the Safe Treasury is the only facility of this type in Poland that uses banking infrastructure and architecture, and this ensures maximum security for our clients’ deposits, says Adam Stroniawski from Bezpieczny Skarbiec.
– Gold stored in the proverbial “sock” is much less secure than that stored in a well-protected safe. It is estimated that one in three Swedes and one in five French have a safe deposit box and that 25 million Americans keep their valuables in this way. In Poland, the popularity of this type of service is still growing – in direct proportion to the interest in gold. Contrary to appearances, such a service is not expensive at all – prices are around PLN 100-300 per month depending on the size of the box. This is much less than renting a bank locker. Our treasury is one of the best-guarded places in Poland. In addition to security, such as 24/7 monitoring, two different locking systems, underground location, the content of each deposit is also insured – adds Stroniawski. How do you deliver gold to the treasury? For large orders, you can order delivery by an armed convoy. – says Adam Stroniawski from the Safe Treasury.

What gold products to buy online? The best are those that will allow for optimal investment management – the easiest and fastest way is to cash in smaller amounts of the metal, so 1-ounce bars or bullion coins are the most optimal choice. It is also worth considering buying the so-called combibaru or smartpack – looking like a bar of chocolate, 10-, 50- or 100-gram bars that allow you to “tear off” smaller pieces and sell them at any time or as a gift to a loved one. An interesting alternative are commemorative gold coins – minted in limited series, in the long term, they gain more value than their popular counterparts.
– There is one thing to remember when buying online. In this way, we can in fact buy gold products worth up to EUR 15,000 at one time, but also in several transactions. At a higher value, the provisions of the Act on Counteracting Money Laundering and Terrorism Financing become effective. confirmation of personal data at a stationary point of sale and signing a special statement that, for example, the customer is not a politician. But despite these limitations, we have a boom in online gold purchases, but also in brick-and-mortar branches. Polish investors see gold more and more often not only as a safe capital investment, but also as a profitable investment. It is worth emphasizing that, contrary to the gold prevailing a few years ago, gold is not an expensive investment at all, and the necessary capital can be collected much faster than, for example, own contribution for the purchase of real estate – a 1-gram bar can already be bought for about PLN 300. All this, combined with unmanageable inflation and the increasingly diminished belief that, as politicians assure, the situation will soon return to pre-pandemic normal conditions, interest in gold continues to grow. According to our estimates, this year Poles will buy much more than 12 tons of investment gold – says Jarosław Żołędowski, President of the Treasury Mint.

 
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