Frequent questions

PAMP

How long has the refinery been working and why is it one of the best gold producers? What products does the company offer and what makes the company so progressive?

Founded in 1977, the Swiss refinery is recognized as a global leader in the production of investment gold bars in size from 1 gram to 100 grams. PAMP® is known for its pioneering spirit, as evidenced by the introduction of a wide range of decorative designs of investment bars. The most famous design is LADY FORTUNA – the goddess of fortune and plenty. The PAMP® refinery meets the Good Delivery quality certificate, its products have been accredited by the Swiss National Bank, Dubai Multi Commodities Center, Shanghai Gold Exchange, COMEX/NYMEX, TOCOM and others. From the PAMP® workshop comes a completely unique method of non-destructive authentication of gold bars – VERISCAN, which reliably identifies products produced by the PAMP refinery and ensures security and safety for all investors.

VERISCAN

How to check the authenticity of gold bars and coins? What makes Veriscan so ground-breaking and why reach for the gold that passes through it?

It is a unique technology and is currently the only non-destructive method for verifying the authenticity of a metal. This technology is used by PAMP® for its bars and also certifies the Kangaroo coins from the Royal Australian Mint. The unique surface of each bar or coin is scanned during its production and it is then recorded in a database with which it is possible to compare the bar or coin at any time using a mobile phone or a scanner.

WHY REGULARLY

Is it more advantageous to buy gold on a one-time basis or to save regularly? What will I get by investing in precious metal regularly?

One - time investment is great. However, regular saving of money is far more accessible and usually more profitable. Gold can be bought regularly with iiplan® (intelligent investment plan). A part of the investment ingot or coin selected is bought for every payment sent. Thus, the average purchase price of precious metal is calculated and differences between individual waves of investment are decreasing. Thanks to regular investment, it is possible to invest in a bigger ingot or coin and to gain a more favourable price of one gram of gold. Moreover, a smaller amount per month will not shake the budget as a huge one-time investment.

REPURCHASE

How does the gold repurchase process work in IBIS InGold? When will I have my money for gold in my account?

Purchase of precious metals is very simple and the liquidity is very fast. IBIS InGold® guarantees to the customers the repurchase of precious metals sold. After delivery and inspection of the metal, the money is sent to the client's account the next working day. The vast majority of the clients have money in their checking account within 48 hours.

REFUND FEE

Why isn't a charge as another charge? How do I pay the initial price increase and when will I get my money back?

In a case of a regular investment, the client pays an initial price increase at the beginning, either as non-recurring or recurring charge. However, this “fee” is fully refunded to the client upon repurchase of the metal.

DEPOSIT

How does IBIS InGold oversees my gold bars? Why to keep them deposited in their vaults? What if something happens – is my gold safe?

IBIS InGold® has its stocks and deposited ingots of its clients hidden in the vaults with maximum security. The stocks stored in these vaults are insured for CZK 500,000,000.

IBIS InGold® provides all clients with the saving programme “intelligent investment plan”, iiplan®, a free deferred shipment of saved products for the duration of the iiplan contract agreed. IBIS InGold® has its stocks and deposited ingots of its clients hidden in the vaults with maximum security. The stocks stored in these vaults are insured for EUR 20,000,000.

TAXES – VAT

Is gold subject to VAT? And what about silver? What does the term “investment metal” mean?

Gold in the form of investment bars and coins is exempted from value added tax. The VAT exemption occurred in connection with the Czech Republic's accession to the European Union. The Value Added Tax Act No. 235/2004 Sb. defines the term of investment gold and provides for its exemption from VAT.
Investment silver is not exempted from VAT and the VAT here is 21 %.

TAXES – INCOME TAX

Do I have to pay the income tax as a natural person when selling gold? Under what conditions can gold be sold without tax by a company or by a self-employed person?

The sale of gold and silver is regarded by the state as a sale of movable property. The sale of precious metals is therefore exempt from income tax (the Act No. 586/1992 Sb., Section 4). However, this applies only to natural persons. In a case of buying precious metals for a company, the investor must tax gold or silver when buying if it is held for less than 5 years. After the expiry of the 5 year period, the company does not have to pay the income tax either. The standard income tax rate is 15 % for natural persons (self-employed persons) and 19 % for companies.

DISTRAINT AND HERITAGE

Why does gold also act as a security against distraint and why is it easier to donate or bequeath it than money?

Investing in precious metals brings one big advantage – it is anonymous. The owner may at any time give or sell gold to someone without being obliged to report or record with which person the trade or exchange has taken place. This means a definite advantage if the person concerned, for example, deals with distraint or inheritance and the precious metal is not kept in our deposit but in his/her home.

MEDIATION OF SALE

What do I need to sell gold? How to become a partner? What does the Czech National Bank monitor when selling gold?

For the sale of investment gold and silver, the consultant does not need to pass demanding professional competence tests and financial advisory certificates. These products are not subject to regulation by the Czech National Bank.

To sell to end customers, a trade licence for a subject of Production, trade and services not listed in Annexes 1 to 3 of the Trades Licensing Act”, branch of activity “Intermediation services in the field of trade or Intermediation of services” is required.