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"Financial test": Gold is not a substitute for time deposits

2020-02-18T04:44:43.406Z

ZEIT ONLINE | News, backgrounds and debates



Berlin (dpa / tmn) - Gold currently seems to be popular with many investors. At least this is indicated by the rising price of the precious metal: if an troy ounce cost around $ 1,330 in mid-February 2019, it is currently around $ 1,590.

What many investors appreciate: gold is never worthless. This makes the precious metal a safeguard for the depot in times of crisis. The experts at Stiftung Warentest also think that this makes sense.

However, the deposit share should be 5 to 10 percent, according to the magazine “Finanztest” (issue 3/2020). The reason: gold fluctuates strongly in price. In the meantime, gold investors could lose as much as with a stock portfolio. Therefore, it is not suitable as a replacement for fixed deposits and savings accounts.

Small bars cost more

If you want to touch your gold investment, you should consider that the smaller the bars or coins are, the more expensive they are. The reason: The traders demand a percentage addition to the gold price. While a 1-kilogram bar usually has a 1 percent surcharge, it can be more than 20 percent for a 1-gram bar.

Many traders offer gold in online shops. Here, customers should choose the best-known providers. Because according to the «financial test» there are also many black sheep in the business with the precious metal. An indication of seriousness is the membership of the dealer in the professional association of the German coin trade.

Securities can be an alternative

If coins or bars are not so important to you, you can also bet on securities. So-called gold ETCs can be an alternative. Here ETC stands for Exchange Traded Commodities - i.e. for exchange-traded commodities. Providers of these ETCs invest their money in gold bars that are stored in safes.

The advantage for investors: Gold ETCs make it possible to hold a certain proportion in the portfolio. The desired mixing ratio can be easily and inexpensively restored at any time with the tradable papers. When buying physical gold, it is more difficult to keep the gold share of total assets constant.

Articles of the Stiftung Warentest (some with costs)

Source: zeit

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