The customer undertakes to deposit a minimum of EUR 50 and a maximum of EUR 7,000 per month between the 16th of each month and the 15th of the following month in such a timely manner that the Münze Österreich account is credited no later than the 15th of each month.
The customer buys gold every month. The purchase is based on the LBMA reference rate AM in EUR published at the time of purchase. The conversion from ounces to grams is done with the factor 1 ounce = 31.1034807 grams. In each case, that quantity of grams of gold shall be purchased which, according to the status of the amount paid in for this contract on the customer's account on the purchase date, can be purchased at the reference rate stated after deduction of the fee. Payments exceeding the monthly maximum amount will not be taken into account for purchase.
For the execution of gold purchases, a fee in the amount of 5% of the respective purchase plus any applicable statutory value added tax shall be agreed. This fee is due with each deposit of the customer and deducted from the deposit amount.
If the customer chooses to ship the saved coin(s), the shipping costs are to be paid before shipment. The shipping costs are EUR 20,- incl. VAT to Austria and EUR 25,- incl. VAT to Germany.
All terminations of gold reserve contracts received by the Mint by the 15th of a month will be settled in EUR on the second trading day in Vienna and London after the 15th following the delivery of the notice at the LBMA reference rate AM published on that day.
