11Onze offers its customers an opportunity to invest in physical gold

Source: 11Onze

Today, 11Onze became the first community fintech in Europe, to introduce a new tool to combat inflation and the accompanying loss of purchasing power: investing in gold bullion.

By using its group purchasing power, 11Onze aims to help its loyal customer base buy quality gold at best prices. With a minimum purity of 999.99 and minimum purchase of 3,000 euros, customers can buy gold bullion and get it sent to their homes or keep it in a secure deposit with 11Onze until they would like to sell it.

Speaking about its new “Marketplace” tool “Precious Onze,” James Séne, Chairman, 11Onze said, “Currently, we are facing incredible economic uncertainty, with runaway inflation and an unprecedented level of government debt. The pandemic and the present -day challenges in the international monetary and financial system make it very difficult to capitalize our savings. At Onze, we had to think of ways to address this.

“Precious metals offer unique inflationary protection as they carry no credit risk, and they cannot be inflated. They also offer protection against financial or political/military upheavals. So, this Valentine’s Day, we decided to offer our community an opportunity to invest in physical gold. Our gold comes from the most prestigious mints in the world and the most reputable refineries in the sector. We decided to go for bullion instead of ETFs because by providing real physical gold we provide the most secure store of value that you can get today.”

In light of the depreciation of savings, gold is a safe haven, adds Jordi Sánchez, 11Onze product manager.

“Faced with this inflationary scenario and economic forecasts for the future that generate mistrust, many investors are thinking of protecting their capital by acquiring safe-haven assets such as precious metals, especially gold, which continues to be the safe-haven asset par excellence and an unparalleled store of value that tends to rise in price when there is uncertainty in the markets. If someone had bought gold three years ago, they would have earned a return of 40%”, he explains.

From an investment theory standpoint, precious metals also provide a low or negative correlation to other asset classes like stocks and bonds. This means even a small percentage of precious metals in a portfolio will reduce both volatility and risk.