Firm sale of grams of gold
The Gold Savings Plan is a firm sale of grams of physical gold. Each payment, from 10 €, is converted into grams at the Plan Price applicable at the time, with no direct debit and no payment commitment.
Price
The price per gram, called the Plan Price, is equal to the official spot price plus 1,5 %. This price is displayed before each payment. No administration fee is added. Investment gold is exempt from VAT.
Firm and final purchase
Every purchase is firm and final. There is no return, no exchange and no right of withdrawal. The right of withdrawal provided for in Article VI.53 of the Belgian Code of Economic Law does not apply to precious metals whose price depends on market fluctuations (Article VI.53, 2° CEL).
Allocated gold, held by the Company
With each payment, you acquire a co-ownership share in an allocated and segregated stock of gold that is separate from the Company's commercial stock; the Company acts solely as custodian. This gold is pooled among the Plan's clients; your ownership, expressed in grams, is never shared with the Company. It is neither lent, nor pledged, nor used by the Company.
Options at the milestone
When the gauge reaches a milestone, three options are available to you. Insured home delivery: 45 € to have the bar made to order, plus 0,5 % of the parcel value, subject to a minimum of 20 €. Vault storage under a number: 45 € to have the bar made to order, plus 10 € per month, payable annually, that is 120 € per client per year, regardless of the number of bars stored; vault storage is contracted for one year at a time. Continue to the next milestone: no fee. Fees are stated inclusive of all taxes, including 21 % VAT.
Before the first bar
Before the gauge of the first bar is filled, no gold can be withdrawn and no amount is refunded, for at most five years from the first payment. If the first bar has not been reached at the end of that period, you may choose either to sell your grams back at the reference price applicable that day or to receive a smaller bar. At the milestone, your bar is made to order and handed over as you choose. You then freely decide to keep it or sell it, under the standard buyback terms and conditions.
Monthly reminder
On the 5th of each month, an email reminds you that you can continue your acquisition, with no obligation whatsoever. You can unsubscribe at any time.
Nature of the asset
Physical gold is movable property whose value fluctuates. This product is not investment advice.