Gold as a form of saving – why choose it?
Key advantages of gold:
- Protection against inflation: when prices rise and the euro loses value, gold usually maintains its purchasing power.
- Independence from the banking system: gold is not tied to banks, governments, or other financial institutions.
- High liquidity: gold can be sold at any time—whether in Slovenia, abroad, or online. To ensure maximum liquidity, it is important to make a smart purchase of certified gold at a favorable buying price.
- Historical reliability: In times of crises, wars, and financial collapses, gold has always proven to be a stable investment. Its value is not directly linked to currencies or interest rates, which is why it often serves as a safe haven in uncertain times. Moreover, gold is a limited resource, which supports its market value in the long term.
How can we save in gold?
For beginner investors, it’s important to understand the main options for investing in gold. There are three primary ways:
Buying physical gold
This is the simplest form of investment—you buy gold in the form of bars or coins and store it yourself or in a vault.
Most common forms
Gold bars are available in different weights (e.g., 1 g, 10 g, 100 g, 1 kg).
Investment coins are popular among smaller investors. Well-known examples include the Vienna Philharmonic, Maple Leaf, Krugerrand, and American Eagle.
Important: Ensure safe storage—either in a home safe or in a rented vault at a bank. In Slovenia, this service is offered by major banks and also by private companies.
Investing in “paper gold”
So-called paper gold refers to financial products that track the price of gold, such as ETFs, mining company stocks, or gold certificates. In this form of investment, the investor does not actually own physical gold.
Advantages: Suitable for active investors who trade on the stock market and aim for quicker profits. Benefits include easy buying and selling and no need to worry about storage.
Disadvantage: In the event of major financial market disruptions, there’s a risk that paper gold may not be redeemable (on time) or as easily as physical gold.
Regular monthly gold savings
An increasing number of Slovenian companies now offer the option of monthly saving in gold. This means that each month you pay a set amount (e.g., €50 or €100) and receive the equivalent value of gold.
Advantages: You can start saving with small amounts—no need for a large one-time investment. You benefit from price averaging over time.
Caution: Before signing any agreement, read the terms carefully and check all costs (storage, fees, withdrawals).
How to start saving in gold
If you decide to start saving in gold, follow these basic steps:
Choose a reliable gold provider. Check customer reviews, licenses, and business transparency.
Decide whether you want to own physical gold or just gain exposure to the gold price.
Consider storage options: you can store physical gold yourself or entrust it to a provider (usually for a fee).
Start gradually. There’s no need to invest everything at once—regular monthly saving is the most accessible approach for most investors.
Is now the right time to buy gold?
While the question of the “right time” is common, with gold the key is a long-term strategy. Instead of waiting for the perfect price, it’s better to start regular saving. This way, you reduce the impact of short-term fluctuations and build a stable long-term investment.
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