Gold accumulation plans were first introduced by Japanese firm Tanaka Kikinzoku Kogyo during the 1980s. With an accumulation plan clients transfer fixed amounts of money which are converted into gold or silver. The amounts can be small and the premiums are much lower than purchasing smaller coins or bars. By purchasing on a monthly basis over a longer period of time clients lower the risks of sudden changes in the price of gold and silver. (see image, past 6 months of gold accumulation)
In Europe SaveGuards launched an new innovative product that allows gold and silver accumulation. Clients transfer a monthly predetermined amount of euros to their SaveGuards savings account where gold or silver is automatically bought (in grams). Clients can also make extra transfers on top of the automatic monthly savings. The amount of gold grams accumulates and are converted into a bullion bar, once the bar is at 100%, it can be either sold back, sent home or kept in storage. Items are securely stored in high security vaults in Switzerland. All gold and silver comes from LBMA refiners. Clients will have 100% ownership and each bullion bar registration number is registered and stored in in your personal account.
Besides gold and silver the company also provide VAT free storage on Platinum and Palladium bullion bars.
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