Austria has a long tradition of minting and dealing in gold bullion coins which makes it an ideal country in which to trade. The coins are accepted as legal tender in Austria and their value is based on their face value making trading easy. One of Austria’s most popular gold bullion coins is the .9999 Vienna Philharmonic coin which is available in denominations ranging from one, half, quarter and one tenth.
Trading in the .9999 and other gold bullion coins minted in Austria is easy, just go into an Austrian bank and buy as many as you want or can afford. There is much to be said in favour of doing gold bullion trading in Austria especially as you can store your bullion in safe places in the most secure facilities in that country.
You can store your gold in a facility like the Das Safe, which is equipped with all the technology and manpower needed to store high amounts of gold. This storage facility is one of the oldest in Austria and is virtually synonymous with safety of storage of gold, having more than a thousand safe deposit boxes in its premises.
Of course, you will need to pay an annual fee that can amount to between four hundred and eighty Euros to more than three and a half thousand Euros for storing your gold. Each individual customer can store up to 4000 coins.
If you are looking to buy gold bullion bars then check out the ones known as Pamp Suisse that can make for an outstanding investment. You can still get great value bars and make sound returns on your investment even though coins remain more popular in Austria.
Gold bullion coins and bars both offer great investment opportunities so you are sure to be happy that you decided to trade in the Austrian gold market.
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