The value in your portfolio may appear lower than expected because it is calculated based on the weight of your precious metals and the current spot price, excluding purchase and buyback premiums.

As a result, the value in your portfolio may appear lower than the total purchase amount immediately after purchase.

When buying, you usually also pay a product premium on top of the spot price, for example for production, processing, transport, insurance and trading margin. In your portfolio, you see the value of the precious metals based on the spot price. You do not see the full premium there that you paid when buying or that you may receive when selling back.

Why can the buyback value be higher than the portfolio value?

For some products, the portfolio value may give a distorted picture. This is because you pay a premium when buying, but when selling back you may also receive a buyback premium above the spot price.

Under normal market conditions, this mainly applies to silver coins, platinum coins and palladium coins. For these coins, you are usually offered a percentage above the spot price when selling back to us.

You can find current buyback prices on our ‘Sell to us’ page.

Spot prices are processed directly in your portfolio

The international price, also known as the spot price, changes continuously. We update these spot prices every minute. If the price of your investment in gold, silver, platinum or palladium falls, this is updated directly in your portfolio.

Why does the value appear lower immediately after purchase in the precious metals account?

Precious metals in the precious metals account are also displayed in your portfolio based on the current spot price. These precious metals are physically backed by bars that are securely and insured stored in Switzerland.

Product premiums are also paid for these bars, because the bars are purchased, transported, insured and placed in the vault by local staff.