They want to secure the small or perhaps even greater fortune, which they have often shed for years. Many people are thinking about gold, but they do not know how to do it at the same time.
Here I have compiled the answers to the most common questions for you:
Putting money into gold – How much should I invest?
Create 10-20% of your assets in gold. Previously the rule of thumb was that you should invest 5-10% in gold. At the moment I would advise you to double or triple – but no more! Not owning gold is just as unpractical as investing too much money in gold.
Yes, buy gold, but do not gamble with it. Do not buy gold to speculate, but as an investment. If you’re not a professional, you’re having a hard time watching the gold price and selling it at the wrong time. See gold as a kind of freezer: you get and secure the purchasing power of your money over a longer period of time. They freeze their money, so to speak. Gold is the natural enemy of inflation. It compensates over the course of time over its price increases the loss of purchasing power. Especially in 2016 the gold price has risen sharply. Gold coins and / or smaller gold bars are particularly well suited to start investing in gold! There is another reason to buy gold. Since 2016, banks have introduced negative interest rates on a large scale. This means that every euro that has not been spent or “consumed” will be punished with an interest rate – savings will remain at the end of the day. As a result, since 2016, banks are beginning to expropriate the citizens of their possessions and forcing them to spend the hard-earned Euros.
Here you can find our current daily rates!
When should I invest money in gold? What is the right time?
I can not give you a clear answer to this despite my many years of experience. The right time is not there because the gold price is constantly changing. My advice: Buy smaller quantities over a longer period of time. This is how you balance price fluctuations. The pros are also the way.
What should I buy best if I want to make money in gold?
Buy small units of coins and ingots. If you want to make gold later, you are flexible. Coins such as the Vienna Philharmonic or the ducats are particularly well suited. If you want to invest a larger sum in gold (more than 100.000, – Euro), bars are a sensible addition. For this purpose, however, you should know that small ingots, ie ingots of up to 20 grams, are more expensive than large bars because of the production costs.
Which gold coins should I buy?
Tips from the expert: The best is to choose so-called bullion coins. These are coins that have been produced by the Austrian state in large numbers for years, have a high fine content of gold and therefore are particularly suitable as an investment form (Bullion coins are therefore also referred to as “investment coins”.) Bullion coins are, for example, the Vienna Philharmonic and the Ducats, jewelry, for example, is never a financial investment!
Does not matter which bar type I buy?
No! When you buy bars, then take bars from good-delivery manufacturers. These are bars produced by certified manufacturers. See “Good Delivery Bars” for more information. In short, non-certified bars usually lose about 15% after purchase.
(Coin of Austria)
NO Good Delivery Certificate
(Ingots of an eastern vestibule)
Where should I keep the gold?
Keep your gold in a private safe, a bank deposit box or a bank account. If you choose a private safe, it should be safe. A safe is considered safe when it is anchored in the masonry with heavy-duty anchors or weighs at least 250 kg. A good alternative to a safe is a locker or a safe at a bank. Make sure that the insurance cover of the bank covers the value of the amount of gold stored. If this is not the case, you can increase the cover sum for an extra charge.
Is it true that I can buy gold coins without VAT?
Yes that’s right. Unlike silver, platinum or palladium, you can buy gold in Austria and in most other countries in the world tax-free (Directive 98/80 / EC).
Buy gold anonymously – independent from banks
If you have any further questions on the subject of “Making money right in gold”, my team and I would be pleased to advise you. Come and visit us in 1090 or 1220 Vienna, we do not have an appointment.