SOLIT PRECIOUS METAL DEPOT - MY EXPERIENCES
OFFER: INSTEAD OF THE USUAL 5%, YOU CAN USE THE FOLLOWING BANNER TO CONCLUDE YOUR PRECIOUS METAL DEPOSIT OR SAVINGS PLAN DIRECTLY ONLINE WITH ONLY 2.5% EXTRA MONEY. THE 2.5% APPLIES PERMANENTLY TO EACH ADDITIONAL reorder or SAVINGS PLAN INSTALMENT.
If you have any questions, you can reach me at “usual” hours at +49 151/57155799. You are also welcome to send me a message. Please use the contact form for this. Please also note the risk notice.
Although I have been very intensively involved with the topic of gold and precious metals in the last 9 years (as the owner of FENOMICS® GmbH, my partner and I have taken care of the entire online business of the largest German gold trader), I have not made any major precious metal purchases in recent years. However, due to the lower interest rates and the economically uncertain situation, it was now time to take a closer look at the topics of purchase or storage as well as asset protection.
Here I became aware of SOLIT through an acquaintance. As I was mainly interested in investing in silver, the advantages of storage in a duty-free warehouse (VAT-free purchase, tax-free sale after one year) were of course very interesting.
Through the collective storage in the precious metal depot, one can profit from significant purchasing advantages. Personal contact with SOLIT employees was possible at any time and one receives very friendly and patient answers to all questions that arise before a purchase. I have described a comparison of the different precious metal concepts in my article “SOLIT Precious Metal Concepts”.
In this article, I would like to explain to you step by step the process of a one-time purchase and the storage in the precious metal depot. After the individual steps you will find out how to proceed.
The prices of the desired precious metals are based on the fixing price of the London Stock Exchange (“LBMA Gold
Price”, “LBMA Silver Price”, “LBMA Platinum Price” or “LBMA Palladium Price”) plus 4% for gold and 7% for silver, platinum or palladium. In addition, there is usually a premium of 5%. The exact price for which you buy the precious metals is unfortunately not apparent due to the time it takes to make the deposit, but you can simply add the 4% or 7% to the current London Fixing rate and get a good guide value. Compared to the current rates at gold.de, I was among the 5 best prices when I bought. The big advantage, however, is when you sell the precious metals later, where there is only a 3% discount.
You can use the banner at the end of this article or the following link to make a purchase with a 50% discounted premium (i.e. only 2.5% instead of 5%).
BEFORE WE LOOK AT THE 6 STEPS TO CLOSING THE PRECIOUS METALS PORTFOLIO, HERE IS AN OVERVIEW OF THE MOST IMPORTANT POINTS MENTIONED BY SOLIT:
- Repeated test winner: SOLIT Group is “Best provider of gold savings plans” according to Focus Money for the third time in a row (2016, 2017, 2018, 2019)
- Investing in gold, silver, platinum and palladium is already possible with small amounts
- Savings plan from as little as EUR 50 per month, one-off purchase possible from EUR 2,000
- VAT-free purchase of silver, platinum and palladium
- Purchasing advantage through the purchase of large bars
- Freely selectable allocation to gold, silver, platinum and palladium with exchange function at any time
- No liability or insolvency risk (according to §11.4 of the contractual conditions, the customer is entitled to a right of segregation (cf. § 47 InsO) in the event of the insolvency of the custodian).
- Can be fully and partially terminated at any time – can also be configured as a payout plan
- Quarterly inventory by independent auditor
- Full transparency through bar lists with manufacturer details and serial numbers
- Everything at a glance with the SOLIT Precious Metals App
6 STEPS TO YOUR PRECIOUS METAL DEPOT
STEP 1 - SELECT ONE-OFF PURCHASE OR SAVINGS PLAN
In the first step, you have the option of choosing between a one-off purchase and a savings plan. In my example, I have chosen the one-off purchase.
STEP 2 - DETERMINE PURCHASE AMOUNT AND DISTRIBUTION
In the second step to the conclusion of your SOLIT precious metal depot you determine the purchase amount desired by you and distribute the sum on the desired precious metals. In the bottom left corner you can see the 50% reduced premium of only 2.5% that I have set for you.
STEP 3 - DETAILS OF THE CUSTODY ACCOUNT HOLDER
In the third step, you enter the data of the securities account holder. Here you also have the option to open a company securities account or to enter a second securities account holder. You can upload your identity card as a PDF or image. If you do not have a scanner, simply use your cell phone and take a picture of your ID card (front and back).
STEP 4 - ENTER CONTACT DETAILS
In the fourth step you enter your contact details.
STEP 5 - READ AND CHECK 🙂
In the penultimate step, please read the information according to the Money Laundering Act, the terms of contract and the information on data processing. For a private purchase for yourself, the hooks should be set as shown in the picture.
STEP 6 - FINALIZE THE ORDER
In the last step you complete your application. You will then receive all further information from Tresta.
After you have completed the purchase, you will receive a confirmation from SOLIT that the application has been received.
The contract for the opening of the precious metal deposit or your savings plan comes into effect only with acceptance (countersignature) by TRESTA Treuhandgesellschaft mbH. You will receive a written confirmation within the next few days. However, you have the possibility to transfer the purchase amount to SOLIT already now (in order to profit from currently favorable prices). You will receive the account details in the attachment to the email of your application confirmation.
A few days later you will receive two letters from Tresta Treuhandgesellschaft mbh. After that you will also receive the access to your precious metal depot backend via which you can inform yourself about the development of your depot at any time.