According to gold sellers, the average purchase order for investment gold online is 3,000 euros. What is the best way for a rich investor to buy precious metals to protect their savings from currency depreciation? For example, you need to invest 10 million euros in precious metals, of which 30% will be silver.
To minimize risk and protect your gold reserve, it is best not to store it in your basement. Do you know how much silver will weigh three million euros? At the current price of 21 euros per ounce, you can buy 115.384 ounces of silver, which corresponds to 3.5 tons. For the remaining 7 million euros, you can get 4.575 ounces of gold in the form of the investment coin "Krugerrand", which is minted in South Africa and is popular around the world ... At the current price of one Krugerrand coin of 1530 euros, you can buy 142 kg.
The main risk when buying a large amount of precious metals is its storage and management. This is one of the reasons why large investors have no choice but to contact a specialized company that deals with both the sale and storage of precious metals. An alternative to buying physical gold is “paper gold”, which does not require storage space.
There are many companies in the precious metals market that specialize in the storage of gold and silver for medium and large clients. These include ETFs (the largest of which is the SPDR Gold Trust) or ETC funds (such as EUWAX Gold). The investor receives the shares of the fund, which are backed by a physical precious metal. If necessary, you can demand the delivery of a physical precious metal to your address for a small fee, but this rarely happens.
With a large purchase amount, millionaires keep at home only a small amount of precious metal in the form of a few coins and ingots, but they usually keep most of the investment gold and silver with specialized companies that have their own warehouses.
Wealthy investors have more opportunities to invest their capital compared to ordinary people. For example, they can buy rare and exclusive coins that are sold at auctions. From time to time, exclusive options are offered on the market. But only a limited number of billionaires can buy them.