Bitvavo: company profile

Registered with the Dutch Central Bank and headquartered in Amsterdam, Bitvavo is one of Europe’s leading digital asset exchanges. It launched in 2018 offering reasonable fees, security and a simple and easy to use platform that has made it an ideal choice for beginners and experienced users alike.

 

In the five years since its market launch, Bitvavo has been driven by its founding pillar of making cryptocurrencies accessible to everyone. It was entering a sector dominated by US-based exchanges that were pioneers in facilitating the exchange of digital assets, but which needed to be more intuitive for people inexperienced in trading cryptocurrencies and had some shortcomings in terms of the security they offered to their users.

As Mark Nuvelstijn, CEO and co-founder of Bitvavo, explains: “The high threshold for buying and selling cryptocurrencies concerned us. Of course, there were large international traders, but you could only deposit euros in some places, and you couldn’t trade in altcoins. It was also not possible to store them securely.”

Buying and selling cryptocurrencies securely

 

Bitvavo is regulated and registered with the Dutch Central Bank, its depositors have access to the Deposit Guarantee Fund, so up to €100,000 could be recovered in the event of the exchange’s bankruptcy. In addition, the platform uses cold wallets so that in the event of a cyberattack, Bitvavo could restore deposits. In other words, customers’ digital currencies are regularly downloaded to physical devices without an internet connection.

However, Bitvavo wanted to take it a step further and offers additional protection: “Bitvavo’s cryptocurrencies are insured up to 250 million. As for the euro funds, they are also stored in a separate secure entity. In addition, we are working on account insurance to guarantee up to 100,000 euros,” Nuvelstijn notes.

Access to a wide range of cryptocurrencies

 

Bitvavo allows you to store, buy, sell and withdraw more than 190 digital currencies. When trading cryptocurrencies, you will have the option to store tokens in the exchange’s own wallet, which is free to use.

The process of signing up to the platform is simple, you can do it via the 11Onze Recommends link. In addition, until 15 August, Bitvavo is rewarding €500 to Binance and OKX users who transfer their funds from these exchanges, which can be used for the purchase of digital assets. Here is a tutorial on how to do it.

 

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If you already trade cryptocurrencies through the Bitvavo platform that 11Onze Recommends, we give you 6 tips to increase the security of your account. Take advantage of Bitvavo’s tips and promotions and learn how the world of cryptocurrencies works.

 

During this month of July Bitvavo is offering two promotions for those users who sign up to the platform. But not only this, it also gives us ideas to improve the security of our account.

1. Enabling two-factor authentication

The first step in securing your Bitvavo account is to enable two-factor authentication (2FA). This adds an extra layer of security in a very simple way: by requiring a unique code generated by an authentication application. This makes unauthorised access much more difficult, so it’s a great barrier against hackers.

Another thing: if you use an authentication application, one of those that recognise you on all devices, do not synchronise Bitvavo codes with your personal account. Keep them only on your device.

 

2. Use a strong password

How can you create a strong password? Well, it’s not complicated: avoid using common words, phrases or personal information that can be easily guessed. A combination of upper and lower case letters, numbers and special characters is always recommended. But do yourself a favour and write it down somewhere so you don’t forget it!

 

3. Keep your account information private

It’s a no-brainer, but it’s worth remembering: never share your Bitvavo account details with anyone. This includes your password, security question and API keys. Also, beware of phishing scams and fake emails that may try to steal your personal information. Remember, neither Bitvavo nor 11Onze will ever ask for your account information via email or a phone call.

 

4. Secure your email

Your email is linked to Bitvavo, so it would be a good idea to enhance your security as well. That’s why you can activate two-factor authentication and regularly check for account leaks. There are tools to check for this such as haveibeenpwned.com. Another option is to create an email address just for your Bitvavo transactions.

 

5. Use the anti-phishing code

If you activate the anti-phishing code, it will be included in all automatically generated emails sent by Bitvavo. With this code, you can check if the email really comes from Bitvavo. You can change your anti-phishing code by following the instructions here. Or by watching the video linked below.

 

How to use the anti-phishing code.

 

6. Try to stay informed

Regularly check your accounts, the official blogs and La Plaça. This will help you stay informed about any security issues or updates to the platform.

 

EXTRA: Blocking fund withdrawals

Bitvavo also allows you to totally block withdrawals. This way you can only trade in cryptocurrencies, but you can never withdraw money in euros. This prevents the possibility that someone can impersonate the user and download the money. The Dutch platform explains in this article how to block deposit withdrawals and how to re-enable them when necessary.

 

11Onze Recommands Bitvavo, cryptocurrencies easily, safely and at a low price.

 

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How much do we spend on beauty products? What is the impact of natural cosmetics in this sector? We talk about all this and more with Esther Vallès, co-founder of El Mirall Blau Perruquers, and Gemma Vallet, Director of 11Onze District, in a new episode of La Plaça of Territori 17.

 

The recovery of the perfumery and cosmetics sector is consolidating after the slowdown caused by the health pandemic. Last year’s turnover was 9,205 million euros, 11.3% more than the previous year, according to data from the National Association of Perfumery and Cosmetics (STANPA).

Per capita consumption has set a new record, approaching 185 euros per person per year. Even so, Esther Vallès thinks that the real figure is much higher, at over 250 euros: “I think we spend a little more because we are increasingly aware that we have to put quality products on our skin“. In fact, the data shows that all product categories have grown and exceeded pre-pandemic levels for the second year in a row.

Natural cosmetics are gaining market share

 

People have become aware of the advantages of natural cosmetic products. More and more people are joining the trend to buy cosmetics made traditionally and with ingredients that are less harmful to the environment and our skin.

As Vallès explains: “If you use a type of cosmetic that contains parabens and silicones, what it fixes on the one hand, it undoes on the other”. Moreover, these are products that are more sustainable because they are made with plant-based ingredients, so they do not generate chemical residues that are harmful to the environment.

Beyond the possible benefits of natural cosmetics, the co-founder of El Mirall Blau points out that customers value, above all, honesty and that the benefits of the product are palpable. “Often, modern cosmetics can give good immediate results, but in the long run they are damaging your hair”.

 

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Binance is under pressure amid a spate of legal issues that have severed many of its key banking relationships around the world and eroded its market share. After announcing it would leave the Dutch market, tens of thousands of users have transferred their funds to other exchanges such as Bitvavo, which protect their customers’ money with a guaranteed fund. We explain the process step by step.

 

The problems at Binance, one of the world’s leading crypto exchanges, continue to pile up. Several senior executives have already left the company at a time when it is facing immense regulatory pressure.

In addition to the US Securities and Exchange Commission’s (SEC) lawsuits against the platform and its CEO, accusing them of violating laws, failing to have the necessary registrations and selling unregistered securities, there have been regulatory problems in Europe.

On the one hand, financial regulators in Germany and the Netherlands denied Binance’s application for a licence to hold crypto-assets and, shortly afterwards, Binance announced that it would leave the latter market because it could not obtain registration as a virtual asset service provider.

On the other hand, Belgium ordered the company to immediately cease its operations in the country on charges of non-compliance with existing regulatory rules. At the same time, Paysafe, a British digital payments platform, announced that it was ceasing to support Binance’s euro-denominated transactions, leaving the crypto exchange unable to transact within the SEPA area.

 

The alternative that 11Onze Recommends

 

Thousands of users have already transferred their funds to other exchanges that comply with the European regulatory framework and offer more security. This is the case of Bitvavo, which 11Onze Recommends, a cryptocurrency management platform that is registered with the Dutch Central Bank, where its depositors have access to the guarantee fund and which uses cold wallets to prevent cybercrime. That is, Bitvavo customers’ digital coins are regularly downloaded onto physical devices that are disconnected from the internet.

According to Bitvavo, the inflow of capital from Binance to Bitvavo is already in the tens of millions of euros and growing every day. Bitvavo expects total deposits of digital assets to reach a value of hundreds of millions of euros. The process of transferring funds between the two crypto-asset management platforms is not complicated but requires a number of steps, which we explain below.

 

Transfer cryptocurrencies from Binance to Bitvavo

From the app
At Bitvavo

  1. Log in to our app
  2. Tap on the digital currency you want to deposit
  3. Tap on the three-dot menu, at the top right of your screen
  4. Tap deposit
  5. Select the network to see your address
    Note: Deposits via the Binance Smart Chain (BSC) result in the loss of your assets (excluding BNB).
  6. The address of your Bitvavo wallet is now displayed. You can use this address to transfer your digital currency.

At Binance

  1. Navigate to ‘Spot’ on your Binance account
  2. Select the appropriate cryptocurrency
  3. Select ‘Withdraw’ and then ‘Send via Crypto Network’
  4. Paste in the Bitvavo cryptocurrency deposit address
  5. Choose the suitable network (this is critical!)
  6. Select the desired amount and press the ‘Withdraw’ button
  7. Confirm the transaction by following the on-screen instructions
  8. Your transaction has been confirmed and sent to Bitvavo.

Source: Btivavo

 

 

From the webb
Log in to your Bitvavo account

  1. Navigate to the digital currency you want to deposit and click on it
  2. Navigate to ‘Deposit’ and click on it
  3. Select the network to see your address
    Note: Deposits via the Binance Smart Chain (BSC) will result in the loss of your assets (excluding BNB).
  4. The address of your Bitvavo wallet is now displayed. You can copy this address to transfer your digital currency.


At Binance

  1. In your Binance account, go to Spot withdrawals
  2. Choose the relevant cryptocurrency
  3. Paste the Bitvavo deposit address for this cryptocurrency
  4. Select the appropriate network (very important to do so!)
  5. Choose the desired amount and confirm the transaction

Source: Bitvavo

 

 

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Hong Kong is unshackling itself from China’s government restrictions on the cryptocurrency sector and encouraging the adoption of blockchain technology with the aim of becoming the global centre of the crypto industry and trading.

 

Hong Kong, officially the Hong Kong Special Administrative Region of the People’s Republic of China, has a free market economy heavily dependent on international trade and finance. Known for innovation and promotion of new technologies, in recent months it has introduced new regulations to promote and facilitate the adoption of cryptocurrencies.

On 1 June, a new licensing regime for cryptocurrency exchange platforms came into force, opening up access to cryptocurrency trading for retail investors, which was previously prohibited. This will allow these platforms to provide services in a regulated manner in their territory.

More than 80 companies involved in cryptocurrency exchange and blockchain ecosystem development have already made applications to Hong Kong for a presence in the territory. Many of these companies already have businesses in mainland China, but others come from Singapore, the European Union, the United States, Canada, the United Kingdom and other regions of the world.

In addition, the central banks of Hong Kong and the United Arab Emirates have announced that they will coordinate their crypto-asset regulations to facilitate the settlement of cross-border transactions, opening up the possibility of using their own digital currencies (CBDCs). This comes shortly after the administrative region’s monetary authority unveiled the launch of a digital version of the Hong Kong dollar.

 

Will China change its stance against crypto?

 

Against the backdrop of the Chinese government’s historically tough restrictions on crypto trading – to the point of declaring all cryptocurrency-related activities illegal – Hong Kong’s new regulatory policy on cryptocurrencies suggests a possible paradigm shift in China’s stance on cryptocurrencies.

Especially considering that Beijing recently published a white paper outlining the way forward for leading Web 3.0 innovation and development that could lay the groundwork for the renaissance of China’s crypto-asset industry.

Meanwhile, the US government, chastened by the collapse of FTX – the world’s third-largest crypto-trading platform at the time – excluded Binance from the banking sector after a regulator’s lawsuit, as it considers implementing more restrictive policies in the cryptocurrency sector. These developments contrast with the position of the Hong Kong government, which is pressuring big banks to accept cryptocurrency platforms as clients.

The possibility of this new regulatory approach becoming a reality prompted Brian Armstrong, chief executive of Coinbase, to warn that the application of more restrictive policies in the US crypto-trading sector benefits China: “Given these moves and China’s strategy of leveraging financial technology to protect its own national interests, it should come as no surprise that Hong Kong is positioning itself as a global cryptocurrency hub”.

 

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In addition to the €20 welcome to register from 11 Onze Recomana, Bitvavo launches two other promotions. You will be able to buy and sell coins commission-free up to €10,000 and you will receive €500 to transfer funds from Binance or OKX.

 

Since mid-June 11Onze has brought cryptocurrencies to its community thanks to an agreement with Bitvavo. The leading digital currency exchange house in the Netherlands now also dominates 50% of the Spanish market. And it achieves this thanks to the ease of use and the security it offers its users. The reception by the people of La Plaça has been extraordinary, taking advantage of the 20 euros welcome offered by Bitvavo. But during this month of July there are two other promotions active.

 

Security and €500!

 

Bitvavo is registered with the Central Bank of the Netherlands, its depositors have access to the guarantee fund and, in addition, it uses cold wallets to prevent cybercrime. That is, the digital currencies of Bitvavo clients are regularly downloaded to physical devices disconnected from the Internet.

Other cryptocurrency platforms are having problems. This is the case of Binance and OKX which, as explained by Bitvavo’s affiliate manager for the Spanish and French market Oriol Blanch, “will not be able to operate in the Netherlands or Belgium because they have not obtained a license”. This is bad news for its users, who have already seen the vetoes of other countries such as Cyprus, Germany, the forcefulness of Belgium and the withdrawal of Binance’s main banking partner in Europe.

Given this scenario, Bitvavo offers itself as a refuge and to stimulate the arrival of users of these platforms, it will reward them with €500. To transfer funds from Binance or OKX to Bitvavo, just follow the tutorial offered by the Dutch platform. There is no minimum deposit of funds, but the euros cannot be withdrawn. On August 15, Bitvavo will deposit the €500 that will have to be used to purchase digital assets. You will find all the information about the promotion at this Bitvavo link.

European regulators are investigating international exchange platforms. Bitvavo allows users to operate in a more secure environment.

According to Oriol Blanch, “now is a good time to trade cryptocurrencies through Bitvavo because international exchanges are being investigated by European regulators. Bitvavo offers these facilities to help users operate in a more secure environment.”

 

€10,000 without commissions

 

The second active promotion in Bitvavo during this month of July is the one that allows you to buy and sell up to 10,000 euros in cryptocurrencies. Of course, it must be in the first 7 days of account activity. This will allow users to save about 25 euros in commissions.

All this, advantageous options that are added to the 20 euros welcome for signing up from 11 Onze Recomana. But is it worth having some of the cryptocurrency savings? How does this platform really work? Recover the podcast where we talked about these issues with the representative of Bitvavo, Oriol Blanch.

11Onze Recommands Bitvavo, cryptocurrencies easily, safely and at a low price.

Cryptocurrencies come to La Plaça from the hand of the leading exchange house in the Netherlands. An easy and secure proposal with a €20 gift for 11Onze people to start getting into the world of the crypto-economy.

 

Cryptocurrencies are a very interesting alternative to regulated currencies, whether they are the current fiat currencies or the CBDCs that several countries are starting to implement. They are primarily a space for freedom in the digital world. And, despite often trying to fuel the idea that anonymity facilitates criminality, cryptocurrencies are much more traceable than physical money. They are, therefore, becoming a real and attractive alternative as a store of value and as a digital currency.

 

Bitvavo in La Plaça

 

You can already find all the information about Bitvavo at 11Onze Recommends. It is an exchange house registered with the Central Bank of the Netherlands and offers an easy and intuitive platform. There are more than 190 currencies available and the process is very simple: register on the platform via the 11Onze Recommends link.

“Our goal is that everyone can access cryptocurrencies,” explains Oriol Blanch, affiliate manager for the Spanish and French markets at Bitvavo. Oriol acknowledges that young people are more interested in crypto economics, but that they have tried to make the platform accessible to everyone. “My parents use it,” Oriol confirms. However, no one hides the volatility of cryptocurrencies.

At a time when the sector is maturing, there are cases of coins that gain a lot of value very quickly, but which are not really solid. In this sense, Oriol recommends being informed and buying reliable cryptocurrencies: “Bitcoin, because it is the first and because of the way it is mined, and Ethereum, because of what it provides with smart contracts, are probably the most reliable. For the rest, you have to be informed and look at what is behind them”.

 

Online exchange house

 

Bitvavo allows you to exchange euros for any other digital currency. And it is cybercrime-proof because users’ money is kept in “cold wallets”. “This means,” Oriol explains, “that what you deposit is stored in a physical device that is disconnected from the network. Therefore, in the event of an attack by cybercriminals, Bitvavo could restore the deposits. Moreover, in the event that a user is impersonated and funds are lost, being registered with the Dutch Central Bank offers access to the Deposit Guarantee Fund, so that up to €100,000 could be recovered. It represents a very safe option in an environment that sometimes creates a sense of insecurity for users.

Will cryptocurrencies end up being a substitute for current currencies? We asked Oriol Blanch and he is convinced that “they will be a very important alternative”. They will be if users want them to be. An alternative to the central banks’ digital currencies (CBDC), which will make it possible to monitor and manipulate the economy according to the interests of regulators. “Cryptocurrencies and CBDCs will coexist,” says Blanch, “because there is no doubt that states will force us to use CBDCs and they have the power to do so. But there will also be cryptocurrencies. We will have to see how regulation progresses”.

In the meantime, you can find out more about cryptocurrencies and Bitvavo at 11Onze Recommends and by listening to this conversation with Bitvavo’s representative in our country.

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In this episode of La Plaça, Oriol Blanch, Affiliate Country Manager of Bitvavo, analyses the current situation of the cryptocurrency market and gives us some tips to keep in mind before investing.

 

The emergence of Bitcoin in 2009 marked the birth of a new financial paradigm that uses blockchain technology as the basis for the creation and operation of decentralised digital currencies. The immense popularity and rapid expansion of cryptocurrencies have made them the leading investment product for the under 30s.

However, it is crucial to know the risks associated with this market and the importance of having the right information before investing, “it is essential to educate yourself, to really understand what you are investing in and what you are buying”, says Oriol Blanch, Affiliate Country Manager of Bitvavo, one of the most important cryptocurrency exchange platforms in Europe.

Crypto assets are stored in digital wallets, so cyberattacks can compromise the security and privacy of the funds. Hackers seek to exploit vulnerabilities in exchange platforms and digital wallets to steal cryptocurrencies. In fact, Blanch recommends “having an ‘offline’ or ‘cold’ wallet, so that you can store cryptocurrencies under your own passwords”.

Regulating a high-risk asset

 

Cryptocurrencies are highly volatile and their prices can undergo drastic changes in short periods of time. This volatility can generate significant gains, but also significant losses.

Moreover, the cryptocurrency market is still not fully regulated in many countries, so investors are exposed to possible fraudulent practices, scams and market manipulation, thanks to the ease of anonymity that characterises crypto-assets.

In this regard, last Thursday the European Parliament approved the new regulation for crypto-asset markets, known as the “MiCa” Regulation, which seeks to regulate the issuance, supply and trading of cryptocurrencies. A measure that, as Blanch states, “should help these assets to be implemented in many institutions and increase their value”.

 

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11Onze Recommends Finança Litigis, a product that allows you to profit from the compensation that banks in the UK have to pay for having committed wrongdoing against their clients. We explain how it works.

 

A few weeks ago, 11Onze Recommends presented Finança Litigis to its community for the first time. Now, it is time to publicise this amazing product throughout La Plaça. What is it about? Profit by fighting the abuses committed by the big banks.

The first location to do this is the UK where, for years, banks sold personal insurance policies to their customers using all kinds of malpractice. Those abuses have already been condemned by the courts and have opened the door to more than 60 billion euros in claims with a success rate of more than 90%. Shocking figures for the banking industry.

In this context, 11Onze Recommends works with an English provider that offers financing to the law firms that carry out these lawsuits, in exchange for part of the profits. You thought that the banks would always win? Well, not any more!

What profits can be obtained?

You can find all the information about Finança Litigis on the 11Onze Recommends website. The objective is to achieve a profit of more than 27% in relation to the average inflation in Spain. It is, therefore, a product that lets your money appreciate much more than inflation, allowing you to gain purchasing power. All this, in a context of low profitability and high volatility, which makes Finança Litigis a very valuable product. Standard & Poor’s A insurance covers the litigation capital.

All the information about Finança Litigis can be found at 11Onze Recommends.

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How can you preserve the value of your investments when everything seems to be falling apart? Gold is an indispensable ingredient in any diversified investment portfolio because of its long-term performance and liquidity.

 

Gold is the precious metal par excellence. Scarce and highly prized, it has been used for thousands of years to preserve wealth. And this has not changed in the 21st century, as it has appreciated in 16 of the last 20 years, according to Statista.

Three key characteristics make it an attractive asset for any investment portfolio: long-term profitability, as the data is positive if we analyse its appreciation over the last decades; its role in diversifying and reducing the overall risk of our investments; and its liquidity, as it can be easily bought and sold, even when conditions in other markets are difficult.

 

A shield against inflation

Gold generates relatively strong returns in all economic cycles. As the World Gold Council points out, over the past 50 years the price of gold has risen by almost 11% per annum on average. This is comparable to US equities and considerably better than US bonds.

Gold offers a good return in good times, when demand for gold in jewellery and technology increases. But its attractiveness grows especially in times of difficulty as it is seen as a safe-haven asset.

The World Gold Council points out that gold has appreciated by more than 20 % on average in periods with inflation above 5 %. According to data from this organisation, almost half (47 %) of the demand for gold in 2021 was for investment and more than 7 % went into the vaults of central banks.

The need to diversify

A golden rule, no pun intended, for any investor is not to put all your eggs in one basket. In other words, putting all your savings into a single asset class is very risky because it exposes you to the ups and downs of a single market. This is why it is recommended to diversify investments and include various types of assets in investment portfolios so that gains in some assets can offset unexpected losses in others.

Hence, gold’s great attractiveness as a complement to other assets, especially at times when equities and other riskier investments are under pressure. Portfolios that include gold are less likely to experience extreme ups and downs.

On the other hand, if we compare the evolution of the gold price with the US dollar and other currencies that have been used as safe havens, we find that in the 21st century the major currencies have depreciated by more than 90% against gold. And if we look further, we see that in the last 100 years the major currencies have lost 99% of their value compared to gold. 

 

No liquidity problems

The third advantage of gold is that it is a very liquid asset. The value of gold bullion is closely linked to the world market price for unrefined metals, which is updated 24 hours a day and is accessible to buyers and sellers at all times.

Investors can buy and sell gold whenever they wish, even during periods of extreme stress in the financial markets. This is obviously not the case for other assets as art or antiques, for example.

Given all these factors, it is not surprising that the World Gold Council’s analysis has concluded that adding 6-10% of gold to the average US investor’s portfolio will tangibly improve their performance, with good long-term returns.

 

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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