OREANDA-NEWS. January 23, 2009. This is to inform that Rietumu Bank starts provision of a new service – purchase of gold bullions and gold coins – to customers, reported the press-centre of Rietumu Bank.

Gold is considered as one of the safest investment instruments all over the world. The demand for gold during financial turbulence and crises traditionally rises. The precious metal is often admitted to be the safer mean of capital investment than currencies, securities or other valuable assets. The gold is a conventionally high-liquid asset anytime, in any country and circumstances.

Taking into account customer requests, Rietumu Bank starts provision of gold purchase services starting from February 2009.

The Bank’s customers can purchase triple nine (999.9) – gold bullions of the Austrian Mint of any weight, as well as gold coins "Austrian Philharmoniker" carrying weights of 1, 0.5, 0.25 or 0.1 ounce of gold and coins of other countries upon special request. A customer pays the current market price for every gold purchase deal based upon the object weight; the physical form (bullions or coins) has no influence on the price.

Having purchased the gold bullions or coins through Rietumu Bank, customers can then manage them and store in any location at their discretion, including the Bank’s depository, which is located in our new H.Q. Rietumu Capital Centre in Riga on 7 Vesetas street.

The tariff on purchase of gold bullions and coins and delivery to the Bank’s depository will account for 1.5% of the transaction amount (the minimum fee – USD 10 000). The tariff comes into force on 3 February.

You can obtain more detailed information on gold purchase in Rietumu Bank’s Securities and Financial Markets Department via phone +371 67005525.