Why doesn't my bank sell gold ?

In theory, it is entirely possible to call on your banker to buy  gold bars  and investment gold coins. Although most banks in France today no longer have physical gold in their vaults, they still have the capacity to go through specialized and secure companies to buy it, then resell it to their clients. In this case, you must pay a commission, the rate of which reaches between 2 and 4% of the amount of gold purchased. It is higher than that of gold brokers, who charge on average 0.5 to 2% of the transaction price.

In practice, things are a little different, and it is not uncommon to be refused a purchase of gold through a banking establishment. The reason is quite simple: if your bank sells you physical gold, it only earns a one-off commission, whereas it can earn money on a more regular basis with its banking products and services. Additionally, the fact that you buy gold implies that you are withdrawing part of your money from the bank accounts. She then prefers to offer other investment solutions, which save her money in the long term through management fees and custody fees in particular. This is why the bank will instead try to get you to sign life insurance, sell you stocks or other financial products, or possibly sell you paper gold. These products may be beneficial to you, but they will not meet your initial request: to invest in physical gold.

By using competition, you will probably succeed in convincing a banker who is reluctant to sell gold. However, this takes time and energy. It is then more judicious to choose a company specializing in this sector of activity:

• a gold sales agency has a large stock of gold and silver bars and coins;
• its Business Model operating on the sale and purchase of gold, it seeks to best meet the expectations of its customers and sells its gold at the most attractive price for you, based on the legal price of precious metals on the market;
• it has certificates of authenticity and provides you with invoices, which will allow you to resell your gold in the best conditions whenever you wish, particularly in terms of taxation with the choice of tax on the most -value when reselling the product.

So, don’t hesitate to browse Gold Union’s offering, made up of ingots, ingots and investment coins. You will then be able to save and supplement your assets with objects made of gold or real silver, via a secure purchase in an agency or online.