“Everyone has appreciated the transparency”
The first collective gold purchases thanks to Preciosos 11Onze and our community are now a reality. But how does the buying process work, and is it still a good time to buy gold? We talked about all this and more with Isaac Sène, product manager at 11Onze.
Customers who are part of the 11Onze community are already receiving consignments of gold from the first collective purchase made through Preciosos 11Onze. The difficult international economic situation has spurred interest in this precious metal. This has resulted in a community response that has exceeded 11Onze’s expectations.
In this sense, community buying has been the key to success, as Sène explains: “With the combined strength of all these people’s capital, we go to the market and get the best possible price. On the other hand, buying gold through 11Onze not only facilitates the purchase, but also the sale, avoiding unexpected surprises. “This is a complex market where it is difficult to find reliable players, and often all that glitters is not gold. Everyone has appreciated the transparency of the process,” says Sène.
The importance of speed
Just as it is essential to take into account fluctuations in the value of gold when making a group purchase, it is also key to be able to make this purchase with speed. The tsunami of investors and individuals seeking to protect their savings by acquiring the ultimate safe-haven asset has created a funnel of buyers who often have to queue up to close the gold purchase.
It is in this context that the bargaining power granted by collective purchases of large quantities of gold represents a very significant advantage over purchases by individuals. “In the current situation, the purchase of physical gold is saturated. The refineries can’t cope, and some players are not getting their orders taken and are not being promised purchase prices. Therefore, when you also need speed, because of the situation we are in, you can also take advantage of this collective purchase,” explains the 11Onze product manager.
If you want to discover the best option to protect your savings, enter Preciosos 11Onze. We will help you buy at the best price the safe-haven asset par excellence: physical gold.
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