Gold trading online
All Paysera clients are now able to buy gold (XAU) via Paysera. This feature is aimed at those who want to preserve their purchasing power and diversify their portfolio.
Precious metal coins and bars are safely stored in a secure Paysera storage facility and are available for pick-up.
The value of physical gold – is gold an investment?
Gold and other precious metals are not currencies like euros or dollars. They are the true money that has been used for trading for thousands of years now, and there are some obvious reasons why. Unlike fiat money that has an unavoidable tendency to devaluate, precious metals don’t lose their value in the long run, even during times of economic downturn.
Gold trading
All Paysera clients can buy gold online. Any currency available in the Paysera system can now be converted to gold. Since not everyone can afford to buy a whole physical coin or bar at once, purchasing it in smaller parts might be a solution for some people! The value of the amount of precious metal that you have purchased will be displayed in your Paysera account both in weight and your chosen currency.
Just like any other currency in Paysera, you can sell gold back to Paysera at any time within the app or the online banking.
Note! Clients can sell gold back only to Paysera and they should not sell it to other users or use it for speculation purposes, so there will not be an automated buying and selling feature that reacts to fluctuating prices.
You can also transfer precious metals to other Paysera account holders.
Physical gold coins and bars are issued at the Paysera HQ in Vilnius. Before purchasing, please contact client support to check the available delivery options. Please bear in mind that if you purchase gold and don’t pick it up within two working days, an automatic storage fee will be applied. When taking out the physical gold, XAU is deducted from your precious metals account.
Note! Keeping gold or other precious metal coins or bars at home is not as safe as in secure locations provided by sellers like Paysera. Be cautious when storing or displaying it at home.
Is it safe to buy gold online?
Gold trading, just like other services provided by Paysera, is protected by the highest level of security. This service falls under the law on state supervision of precious metals and gems. Also, Paysera is included into the Lithuanian Assay Office list of companies that are trading precious metals – this too obliges sellers to uphold transparency and impeccable service quality.
Overall, buying gold online is just as secure as using e-banking. When buying or selling gold, Paysera guarantees a secure login process and a safe-to-use online system.
How to buy gold?
In order to trade precious metals, you have to be an identified Paysera account holder and be familiar with the terms and conditions related to this new feature.
Prices
Some fees apply for storing, exchanging, selling, and buying gold. In most countries, VAT does not apply to gold coins and bars.
Note! Paysera neither does nor does not advise you to buy any precious metals as an investment. However, Paysera makes purchasing precious metals in the Paysera system and storing them in our storage facilities easier. For advice, you should consult an independent financial adviser.
More info
Only Paysera account holders can buy gold via the Paysera system. You can open an account for free in a few minutes via the Paysera mobile app for iOS and Android. For more information about precious metals trading – reach out to our client support or read the FAQ page.