Gold is particularly suitable for long-term investments.
Gold is considered both inflation-proof and stable. It retains its purchasing power even in times of crisis and reduces overall risk for an investment portfolio.
When is the right time to buy gold? Over and over again is the answer. After all, gold is particularly suitable for long-term investments. Experts recommend building up reserves by repeatedly buying small amounts over a long period of time. This is the best way to even out price fluctuations.
We recommend that gold make up some five to ten per cent of your assets. As a general rule, the greater the risk, the greater the share gold should represent of your investments. Gold makes for an excellent hedge against risks.
A smart mix of gold coins and gold bars is advisable, with coins in particular offering a high degree of flexibility and usability. Münze Österreich offers the Vienna Philharmonic in gold in five different coins weighing 1/25 ounce, 1/10 ounce, 1/4 ounce, 1/2 ounce and 1 ounce, with 1 ounce corresponding to 31.1 grams. Gold bars are available in 10 different weights, from 1 gram to 1 kilogram. As a general rule, the larger the coin or bar, the lower the price of precious metal per gram.
Within the European Union, as well as in most other countries around the world, gold can be bought tax free, while other precious metals such as silver, platinum or palladium are subject to VAT. Any profit made is exempt from income tax after the one-year speculation period has expired.
Mintage, a coin’s distinctive edge shape and face value, are the guarantee of authenticity of coins such as the Vienna Philharmonic. The mint mark of all major gold investment coins thus guarantees the standardised quality of the coin, which is why they can be exchanged for cash on the spot all around the world, whereas gold bars have to be checked for authenticity by banks and traders before purchase because they are more easily tampered with. Such checks can take a few days, but they are also for your security.
Investment coins such as Vienna Philharmonics in gold, platinum and silver are also known as bullion coins. They are precious metal coins that are minted in large, usually unlimited quantities and are used as financial investments because of the value of the precious metals traded on the world markets.
Bullion coins are produced with a very high purity. This is regulated by law within the European Union and must be at least 99.5 per cent. Vienna Philharmonics actually have a purity of 999.9 in gold, 999.9 in platinum and 999 in silver and are particularly valuable bullion coins.
Bullion coins can be resold at your bank, for example, at the current market price and are also legal tender. The face value is stamped on the coin, but this is usually significantly lower than the coin’s material value.
The best place to store gold is a safe that has been insured accordingly, though banks also offer safes for storage. To give you an idea of how much space you require, 100 kilograms of gold fit into a shoebox.
Münze Österreich offers customers the storage of precious metals in the Münze Österreich Gold Depot in collective safekeeping at Heumarkt 1, 1030 Vienna, Austria.
Whether the gold price is currently low or high depends on the expectation of whether it will rise in the future.
