Precious Metal Savings Plan
What is a precious metal savings plan?
The philoro precious metal savings plan gives you the option of investing in physical gold and silver on a monthly basis.
You are free to choose the duration of the savings plan, which means you have the option of purchasing a solid foundation of physical precious metal over an extended time period, with little personal effort. If you would like to pause your savings plan or cancel the contract, you can do this at the start of each month with a notice period of a week.
How does the precious metal savings plan work?
We provide you with certain products from our range for your precious metal savings plan and you can decide upon one or more products in which you would like to invest on a monthly basis. There is no minimum investment.
The savings rate for the products you have requested is withdrawn from your account on the 15th of every month and invested in your chosen product(s), which means that you purchase for the current price without having to become active yourself.
The purchased products will be stored in the safe room and can be issued during business hours. You have the option of storing the products in our deposit or collecting them from your desired branch on a regular basis following the purchase. Here, you can find more information about our precious metal deposit.
Why should I invest in a precious metal savings plan and what are the advantages of this product?
- Precious metals are an essential key component of a balanced asset portfolio.
- Gold, in particular, is very well suited to retaining the assets you have purchased, which makes it a sensible form of protection against inflation and deflation.
- If you opt for a longer duration, you will achieve a good average price in the long run when you purchase your desired product (cost-average-effect).
- Regular purchases lead to a large quantity of your desired product in the longer term.
- You do not have to make much personal effort – all you are required to do is arrange the precious metal savings plan and set up a direct debit.
- You are free to choose the duration of your precious metal savings plan.
- You can have your saved precious metals handed over at any time within business hours.