Our office is located in the Bankcenter Platinum Tower I.
Goldtresor generates revenue from precious metals account management and the services built around it. Our general policy is to keep pricing at very competitive levels, since our primary goal is growing the user base.
Let's go through the services currently available and their costs:
STORAGE AND CUSTODY OF INVESTMENT PRECIOUS METALS
Our principle is to distribute the storage costs charged by the vaults proportionally among clients based on the value of gold they store with us. Since wholesale gold storage costs between 4 and 5 basis points per year including insurance, we charge an average of 6 basis points for gold. Divided into 12 monthly instalments, this works out to 0.05 basis points per month.
In other words, if you store 1 million forints' worth with us, the monthly storage fee is 500 HUF — and this already includes the insurance premium. This is far cheaper than renting a bank safe deposit box, and the insured value automatically tracks changes in the stored gold's market value. The storage fee applies both to the bars backing the precious metals accounts and to bars and coins deposited by clients for custodial storage.
Silver takes up far more space than gold, and platinum and palladium have lower trading volumes, so their storage fees are higher — between 1% and 1.5% per year depending on the metal.
The custody service means you don't have to deal with transportation to and from the vault or authentication checks — we handle all of that for you.
BONUS ACCOUNT AND GOLD SAVINGS PROGRAMME
The Bonus account package is primarily designed to serve regular gold savings needs.
Clients set up how often and how much they transfer to their account, and the system automatically converts it to gold.
As a promotion, we credit 1 gramme of gold to your account upfront, which you can keep permanently if you maintain your savings for at least 36 months.
This service is currently available in the Bonus and Premium account packages for a monthly account fee of €4.
Clients on the Bonus package can also use our silver account service and buy and store silver investment products with us.
PREMIUM ACCOUNT
The Premium account package is primarily recommended for clients investing more than €10,000, especially if they want to invest in platinum or palladium in addition to gold and silver, or if they want access to all precious metals trading and storage services.
The buy/sell spread on gold and silver is 1% better on both sides compared to the Bonus or Standard accounts, and Premium clients also receive 1 gramme of "loyalty" gold. The current monthly account fee is €14.
Premium account clients also receive complimentary personalised advisory support from our consultants, and we waive the delivery charge for personal collection at our Budapest headquarters.
STANDARD ACCOUNT
This account package is for clients who simply want to try the system or invest a smaller amount exclusively in gold. There is no monthly account fee, but it is currently limited to gold account management and gold product trading, delivery and custodial storage — not available for other precious metals.
SWITCHING ACCOUNT PACKAGES
Clients can switch between account packages at any time, free of charge. However, if you switch within 36 months, you will forfeit the 1 gramme of promotional gold received with the Bonus or Premium package.
GOLD TRANSFER
Clients can send each other gold in small amounts — up to €900 in value — free of charge. The primary purpose is to settle payments between family members or friends, to raise awareness of gold's function as money, and to promote the platform. Available to all account packages.
CONVERTING TO AND FROM INVESTMENT GOLD
Clients can convert their gold account balance into physical investment gold products at any time — they can either take delivery or, if no delivery is requested, the products are automatically placed into custodial storage. When you log in to your online account, you'll see your vaulted bars and coins in the Vault section. Delivery can always be requested later. You can also choose at any time to sell vaulted investment products and request a cash transfer instead. A major advantage here is that the dealer doesn't need to re-authenticate the product since it's already in their custody — which is why we can offer better buyback prices for products stored at Goldtresor than we otherwise would.
BUYING AND SELLING INVESTMENT SILVER, PLATINUM AND PALLADIUM
Premium account clients can trade all precious metals, while Bonus clients can trade silver in addition to gold. For silver, it is possible to purchase differential VAT silver coins at the same time as selling a silver account balance; however, platinum, palladium products and silver bars are subject to 27% VAT, which is why very few clients convert their free-zone platinum, palladium or silver account balances into physical bars. Product listings for silver, platinum and palladium coins and bars show gross (VAT-inclusive) prices. Gold is VAT-exempt by law.
HOME DELIVERY OF PRECIOUS METALS
Clients can request delivery of purchased or vaulted investment gold and other precious metals, or collect them in person at our office. We pass on the packaging and courier costs to the client, plus the parcel insurance premium. A small fee is charged for personal collection at our office. For high-value shipments, we prepare individual quotes.
COMPETITIVE EXCHANGE RATES
We don't offer classical currency exchange, but we convert forints to euros or dollars at extremely competitive rates — practically at the interbank rate. We don't add a margin for this; instead, clients benefit indirectly from the favourable exchange rate in the gold price they receive.
So if you have forints, you're much better off transferring forints to us and buying gold directly, rather than converting to euros at your bank first — because we do the conversion for you at the interbank rate.
