Precious metals

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Submitted by usr01490 on Thu, 10/10/2019 - 15:52

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DEFINITION AND CHARACTERISTICS

Precious metals are listed on commodities markets across the world.

Precious metals such as gold (Au), silver (Ag), platinum (Pt) and palladium (Pd) can be bought and sold on the stock market.

The values are set by the stock market on the basis of supply and demand.

RAIFFEISEN sells precious metals in the form of coins or ingots at the rate of the transaction date.

For more information, please contact your branch advisor, who will guide and support you according to your needs and situation.

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Submitted by usr01490 on Thu, 10/10/2019 - 15:58

ADVANTAGES

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Precious metals can provide more diversification for an investor’s portfolio.
Precious metals can be used as a hedge against inflation or market uncertainty.
Precious metals are tangible.

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Submitted by usr01490 on Thu, 10/10/2019 - 16:02

DISADVANTAGES

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The physical holding of precious metals can be risky (theft, fire, storage, etc.).
Precious metals are subject to price fluctuations, so the value of the investment can vary significantly.
Precious metals do not provide a steady return.

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The main currencies

The main stock markets in the world quote precious metal prices per troy ounce* (symbol oz t), 1 kg-ingot or gram.

For gold:

France: Napoléon
United States: American Eagle
Canada: Maple leaves
Australia: Nuggets
South Africa: Krügerrands
United Kingdom: Britannia
Switzerland: Vreneli

Ingots

Gold: Gold ingots** of 1 kg, 500 g, 250 g, 100 g, 50 g, 20 g, 10 g and 5 g
Silver: Silver ingot*** of 1,000 g (liable for VAT)

* A troy ounce (oz t) weights 31,10034768 grams or 0.0311034768 kg

** Standard gold ingots 999.9

*** Standard silver ingots 999

Value added tax

In Luxembourg, the ‘physical’ sale or purchase of gold coins or ingots is not subject to value added tax.

Sales of silver, platinum, and palladium with physical delivery or on deposit are not subject to VAT either. However, the purchase of silver, platinum, and palladium with physical delivery or on deposit is subject to VAT.

Since 1 January 2023, the Luxembourg government has decided to temporarily lower the VAT rate to 16% for a period of one year.

You can deposit your precious metals with Banque Raiffeisen, which guarantees to: