Fibank (First Investment Bank) offers an innovative product on the Bulgarian market – „Gold Account“, which provides a fast and convenient way to invest in gold. The account is opened entirely online through the electronic banking „My Fibank“ or the My Fibank mobile application, as well as in any office of the large branch network of First Investment Bank throughout the country.
“Gold Account“ is maintained in non-cash gold (1 XAU = 1 troy ounce of gold). The account is suitable for both individuals and business clients of the bank, allowing for fast, easy and convenient daily transactions. In this way, Fibank clients can benefit from the rising gold prices, even with a minimum investment of 0.01 XAU. Clients themselves plan how much and at what time they want to purchase gold, as well as when to sell part or all of their holdings, according to the current dynamics of the asset's price against the euro. Unlike the storage of physical gold, investing in non-cash gold does not require storage or insurance costs. Fibank publishes daily on its website the buy/sell rate of XAU to EUR.
Fibank is a pioneer in the creation and development of the precious metals market in Bulgaria. The first transactions with bars and coins by Fibank were carried out in the fall of 2001. The bank offers over 200 products made of gold, silver, palladium and other metals in 114 branches and offices throughout the country, working with the world's leading precious metals refineries – MKS PAMP Switzerland, The New Zealand Mint, The Royal Mint and others.
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The publication presented is purely informational in nature and should not be considered a recommendation to buy or sell securities or an inducement to make an investment decision.