How to buy gold coins for tomorrow’s future

The best gift of the festive season comes from 11Onze, and the procedure for buying it is very simple. We explain it in a video podcast!

 

If you want to give a present for tomorrow’s future that won’t lose its value, the best option is gold. You no longer have to give money in an envelope, through 11Onze you can buy gold coins directly. In this conversation with Càrol Rafales and Coral Santacruz, product managers at 11Onze, we can see the coins offered by 11Onze and find out more about the purchase procedure.

If you would like more information about buying gold coins for tomorrow’s future, you can fill in this form and an 11Onze agent will contact you. “Once everything is done, payment can be made directly by credit card,” explains Rafales. The customer can choose whether they want the Krugerrand coin (€220) or the Britannia (€525) and, immediately afterwards, it will be shipped. “They are very popular coins, the Krugerrand has a purity of 91.67% and the Britannia 99.99%”, adds Coral Santacruz. All the information about the history of these mythical coins can be found here. Shipping costs €9.99, except for El Canut users, who get free shipping.

 

What will we receive at home?

A few days later you will receive the 11Onze Christmas card for tomorrow’s future, the gold coins and a gold voucher for each final recipient. “The gold voucher is personalised with the value of the purchase, the name of the buyer and for whom it is for”, says Art Director Laia Gubern. In this way, each child, grandchild or nephew, will have an exclusive gold voucher that confirms the purchase that has been made for him or her.

For tomorrow’s future is an exclusive 11Onze campaign designed to protect the future savings of the next generation. In the context of the depreciation of the euro due to inflation and competition from the dollar, with a growing distrust of fiat currencies, we had to find a way to give something away for the same purpose. If up to now we have been giving away money for tomorrow’s future, logic suggests that perhaps the best thing to do now is to give away gold.

 

Up to now, with Preciosos 11Onze, it has been possible to purchase gold bullion. From now on, we also offer the option of buying Krugerrand and Britannia gold coins. Gift gold, for tomorrow’s future.

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It is estimated that each household spends on average more than 700 euros a year on heating. However, with the war in Ukraine, the price of energy has skyrocketed. So, this year, homes with accumulators and electric radiators could pay twice as much as last year. From 11Onze, we offer you 11 tips to save on heating.

 

With the current price fluctuations, the first basic measure to save money when you switch on your heating is to check whether your utility company is offering you the best price. But, even if the price is tight, our goal should be to optimise energy consumption to minimise both the amount of the bill and our carbon footprint. To this end, we offer you some practical tips that will enable you to reduce the amount of energy needed to heat your home. 

 

Check your windows and doors

Window and door frames are essential for keeping your home warm. Any gap can create an unwanted draught. If your window and door frames are old and the windows do not close tightly, you can improve the insulation by fitting foam weather stripping or even some insulating tape. And, if you have a fireplace, don’t forget to close it when not in use.

 

Make the most of sunlight

The sun is our great natural ally against the cold. That’s why it’s best to keep the blinds up and the curtains drawn during the day. In this way, the sun’s rays will enter your home and help to raise the temperature. The orientation of the different rooms in your home will determine the hours when the sun’s rays enter directly through each window. 

 

Protect yourself from the cold darkness

When the sun goes down, the outside temperature drops, so we should insulate ourselves as much as possible so that heat is not transferred from the inside of the house to the outside. To do this, we should do the opposite of what we do during daylight hours: lower blinds and draw curtains so that the heat that has built up during the day does not escape when it gets dark. Thick, opaque curtains, better if they are made of thermal fabric, will help you to keep the heat in, as they will help to insulate the window areas better.

 

Do not ventilate more than necessary

Ventilating the house every day is an essential health and hygiene measure that allows you to renew the air and oxygenate the rooms. However, when the cold weather arrives, it is advisable to do so for 10 or 15 minutes, no more. And preferably in the morning or in the middle of the day, when the outside temperature is higher, so that heat loss is minimal.

 

Put the heating where you need it

Keeping unused areas of your home warm is a waste of energy. That is why it is a good idea to leave all the rooms that you are not going to use closed and to turn off the heat sources you have in them. If, for example, you are going to spend the morning between the living room and the kitchen, why keep the rest of the rooms warm? Close the doors and turn off the radiators in the rooms. If the surface area to be heated is smaller, energy consumption will also be lower.

 

Wrap up warm

It makes no sense to go around the house wearing a t-shirt when the cold weather arrives. It is a waste of heating. All the warmth you gain through clothing will translate into heating savings. You don’t need to wear gloves, but thick socks, fuzzy slippers, a light fleece or a dressing gown will allow you to lower the thermostat a little and reduce your energy bill. And don’t forget a blanket on the sofa is very nice.

 

Turn off the heating at night

A good way to save on heating is to turn it off at night, as in most cases blankets and duvets provide enough warmth. Materials such as wool or flannel are very good choices for bedding. And keep in mind that the traditional hot water bags still work.

 

Use rugs

Carpets help to insulate the home better and keep our feet warm. They also provide a feeling of warmth and comfort when you walk on them. 

 

Do not use radiators as a dryer

The function of radiators is to provide heat, not to dry clothes. Therefore, avoid using them as a dryer when it is not raining and you can hang clothes outside. We must ensure that the heat sources are left free to make the most of the heat they give off. 

 

Keep the heating system in good condition

It is estimated that 60 % of gas boilers in the European Union are inefficient, requiring excess energy to heat homes. Properly regulating pressure, purging radiators, cleaning burners and checking filters for replacement can help to optimise system performance and achieve more heat with less energy.

It should not be forgotten that the energy crisis caused by the war in Ukraine made many countries to switch back to or increase the share of highly polluting energy sources. Unfortunately, the issue of climate change has been put on the back burner despite the urgent need for action in this decade to prevent global warming from reaching levels that would have irreversible effects.

 

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11Onze is launching the sale of gold coins as gifts. Buyers will receive the coins, an exclusive Christmas postcard and a gold note as proof of purchase. Gold, for tomorrow’s future.

 

Christmas holidays are a time to think of others and wish them well. In many Catalan households, this wish translates into an envelope of money for tomorrow’s future. In other words, fathers, mothers, grandfathers or grandmothers are in the habit of giving money as a gift so that it will be helpful to their children or grandchildren in the future. But does this make sense right now? With rampant inflation, a depreciating euro and uncertainty about the future of fiat currencies, money does not seem as valuable or as secure a gift as it did a few years ago.

For this reason, at 11Onze we thought that this role could be played by gold. Gold is the best option if you want to give a gift that will not lose value over time and can be converted into cash quickly. For tomorrow’s future, give gold as a gift.

Until now, with Preciosos 11Onze you could buy gold bullion for as little as €3,000. We now offer the option of buying gold coins, starting at €220. For 11Onze members with an El Canut account, shipping is free. For all other buyers, it costs €9.99.

How are they delivered?

If you want to buy gold coins as a gift, you have to fill in this form and an agent will contact you. Once everything is ready, you will pay directly by credit card. At home, you will receive a Christmas card and a personalised gold ticket that certifies your gold purchase. We will send it all to you, along with the coins. The campaign runs from 1 December to 6 January, but we recommend ordering as early as possible to ensure delivery of the coins during the festive season. In the event that the stock of coins runs out, the gold banknote will be sent first, followed by the coins.

 

The magic of Christmas

The 11Onze gold banknote connects directly with the fantasy created by Roald Dahl in the novel ‘Charlie and the chocolate factory‘. There, children who found the golden ticket inside the chocolate bar were invited to visit the chocolate factory of the bizarre Willy Wonka. The 11Onze gold ticket will not be used to take any children to meet the Oompa Loompa, but it will have a function that we believe is very valuable: it will ensure that they have gold for tomorrow’s future.

I’m interested!

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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One of the founding objectives of 11Onze is to offer tools so that our community can reduce costs by managing their money more effectively. Some might think that this is just a marketing slogan, a nice phrase that sounds good and that’s it. Therefore, we have contacted some of our 11Onze Segurs customers to let their testimonials speak for themselves.

 

Offering a good product at a reasonable price is not an easy job. At 11Onze Segurs we analysed the different options provided by the home insurance market for months, as well as carrying out studies of insurance costs through surveys of members of our community who are homeowners.

The objective was clear: to be able to offer our clients the best home insurance, comparing coverage from various providers to find the best option that adapted to the particular circumstances of each one, and at a more than competitive price, from €5 per month.

But the price is not everything. From the outset, it was clear to us that we had to reduce the amount of paperwork and small print that accompanies any insurance policy. Simplicity and transparency in the scope of the cover we are taking out give us more peace of mind and avoid last-minute surprises.

“Very happy with the decision to change insurance. I’m saving €55 on my premium, which will help me cover other expenses, as everything is getting more expensive!”

The result of a job well done

The effort has been worth it, and we believe we have succeeded. At 11Onze Segurs you can take out and manage your home insurance from your mobile phone, streamlining procedures, paying a monthly or annual fee, with no permanence, between 15% and 20% cheaper than with traditional insurance companies, and without forgetting our commitment to society as a certified B Corp company.

“I save €350 a year, which I will reinvest in 11Onze!”

But it is not just us telling you, Vincenç Aguilà, from Sabadell, explains that he was clearly overpaying for his home insurance. By switching to 11Onze Segurs he saves €350 a year. And when we asked him what he intended to do with the money he saved: “Reinvest it in 11Onze!

Xavier-Tornos

“With the €100 I’ve saved I’ve bought a new Bluetooth speaker!”

From Roquetes, Gemma Monllau explains that she is “delighted with the decision to change insurance”, she has saved €55 in the policy fee, which will help her to cover “other expenses, as everything is getting more expensive!“. Xavier Tornos, from Terrassa, had no doubts, with the €100 he has saved by switching to 11Onze Segurs, he has bought “a new Bluetooth speaker!

 

If you want to discover fair insurance for your home and for society, check 11Onze Segurs.

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Both gold and cryptocurrencies have gained prominence in investment portfolios. They are very different, almost antagonistic, assets. Gold is much more stable and is considered the safe haven asset par excellence in times of crisis such as the current one. In contrast, the cryptocurrency market is highly volatile and can generate large gains, but also huge losses.

 

Gold and cryptocurrencies are investment assets with very different characteristics and behaviour. To begin with, gold is a tangible asset, with limited reserves, while cryptocurrencies are intangible assets, whose value depends largely on speculative manoeuvres.

Moreover, the gold market is mature, while the cryptocurrency market is much more recent and dynamic. The proliferation of cryptocurrencies has led to a more than tenfold increase in just two years. 

 

Diversified demand

One characteristic of gold that sets it apart from most financial assets is that demand comes from a variety of sources, from central banks and private investors, who accumulate gold bullion and coins, to the jewellery industry and digital device manufacturers, who use gold in the creation of their products.

After a small decline in 2020, gold demand in 2021 returned to over 4,000 tonnes. Just over half (53%) went into the creation of jewellery, 28% was converted into bullion and coins, 11% was purchased by central banks and similar institutions and the remaining 8% was used in the manufacture of electronic devices.

Gold consumption grew in all four areas, although it was particularly strong in jewellery, where it rose from 1,327 tonnes in 2020 to more than 2,220 tonnes in 2021.

The high demand for gold in this industry is based not only on its aesthetic qualities, but also on its malleability and ductility. But the precious metal is also a key component of electronic devices, from mobile phones to televisions, as it is an excellent conductor of electricity and heat.

Central banks and private investors accumulate gold to protect their wealth. Indeed, countries hold huge reserves of this precious metal because they know that its value will not fluctuate greatly, as a limited amount is mined each year.

 

Concentrated ownership?

Despite what you might think, gold ownership is highly fragmented. The reserves of the largest gold owner, the US government, account for only 4% of the total. In fact, almost half of the precious metal is in jewellery scattered around the world and just over 20% belongs to investors accumulating gold bullion or gold coins. Nor is gold mining concentrated in just a few hands, with no single continent accounting for more than 30% of global production.

When it comes to bitcoin, the most important cryptocurrency, both ownership and computing power are less widespread. Only 2% of bitcoin holders accumulate 95% of all available bitcoins. And in 2021, entities in five countries controlled 80% of the computing power of the bitcoin network.

Because gold has multiple uses, its price is more resilient to economic swings than that of many other assets. When times are lean, investors buy gold as a safe haven. And when economies are doing well, consumers buy more jewellery and electronics that use gold. 

 

Stability or volatility?

Between September 2021 and September 2022, gold has appreciated by 11%. In contrast, in the same period bitcoin lost half of its value due to speculative manoeuvres. On the other hand, gold can be considered a more liquid asset than many of the cryptocurrencies.

Some studies show that investors view cryptocurrencies as a high-risk, high-yield speculative bet, as their price swings wildly. In contrast, gold is much more stable. Therefore, both assets can have a place in a diversified and balanced portfolio. However, it is not advisable to allocate more capital to cryptocurrencies than you can afford to lose.

 

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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Although any time of the year is a good time to start saving, it is also true that we can easily find an excuse for never doing so: loss of purchasing power due to runaway inflation, low wages, sales, Black Friday! However, there are methods of saving that require minimal effort and are within the reach of almost everyone. Càrol Rafales, from the 11Onze product team, presents a very simple one to follow.

 

There are many people who try to save for unforeseen events, foresee future purchases or plan a good holiday. Just as many people who don’t know how to do it, or start saving with great enthusiasm, but stop soon after getting started. Perhaps the key is to go step by step and start saving small amounts. As Rafales points out, “if I tell you to save one euro the first week, and two the second, it doesn’t seem so difficult, does it?”.

This is what the 52-week savings challenge is based on. A method to save easily that consists of putting an amount of money, during 52 weeks, in a piggy bank, jar or whatever you like, equivalent to the number of the week you have to save.

Every little helps

Saving one euro the first week, two the second, and so on, may seem ridiculous, but if we bear in mind that at the end of the year we will have saved 1,387 euros, we are talking about a figure that is not at all negligible. And in any case, if you have a fairly high level of income, “you can start with a higher quantity of” for example “€21, to get more than €2,300 at the end of the year,” explains Rafales.

If we don’t trust our consistency in following this method, we can always schedule a weekly transfer to a savings account, which can even earn us some interest. In addition, this ensures that the money is difficult to access quickly, avoiding the temptation to break the piggy bank.

 

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The generalised rise in prices and fall in the purchasing power of the general population is complicating the accounts of many households and businesses. This economic downturn has led some companies to use unseemly business practices to camouflage the rising prices of their products. In this episode of Territori 17 we talk about this and much more with Xavi Viñolas, Content Manager of 11Onze, and Gemma Vallet, Director of 11Onze District.

 

Shrinkflation is the name given to the technique used by some brands to subtly raise the price of their products without you noticing. This practice consists of charging the same price for a given product, despite the fact that the usual amount of product contained in the packaging has been slightly reduced.

As Viñolas explains, “this is not a new practice, it is something that has already been done in the past, but it is more evident now that manufacturers want to reduce costs, and that consumers are looking more closely at prices“. Faced with the avalanche of complaints received from consumers, the OCU was forced to report six companies to the National Commission for Markets and Competition (CNMC) for unfair and non-transparent practices.

Legal but misleading practice

Although this is not an illegal practice, since the information on product labelling complies with current legislation, it is, at the very least, questionable and unethical when it aims to mask a price increase by subtly reducing the quantity of the product to mislead consumers. This has led to a debate on whether this practice should be regulated or banned.

Vallet argues that perhaps it should be banned, “because in the end you give messages that mislead the consumer, and advertising law makes this very clear. Despite the fact that by applying the technique of shrinkflation, companies make more profit, perhaps the time has come to modify a law that, in principle, is designed to protect consumers.

 

11Onze is the community fintech of Catalonia. Open an account by downloading the super app El Canut for Android or iOS and join the revolution!

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No ho podem negar: les rebaixes són un estrès. Però alhora ens en podem beneficiar. Ara que s’acosta el Black Friday, des d’11Onze t’expliquem per què aquests descomptes tenen més virtuts que defectes.

 

El Black Friday està en auge, com tantes altres dates que s’han anat fent un forat en el calendari comercial. Quan és el Black Friday? Tot i que comença el 25 de novembre, ara ja no es limita només a un dia: s’allarga tota la setmana i finalitza el 28 de novembre amb el Cyber Monday. Els beneficis econòmics per a les botigues són més que evidents: el 2018 cada persona va gastar una mitjana de 250 euros i el 2019 la venda en línia va facturar prop d’1,5 bilions d’euros.

Durant aquestes rebaixes prenadalenques, les marques aprofiten els descomptes per fidelitzar els clients, per atraure compradors nous i per alliberar estoc de productes. El Black Friday pot ser una bona oportunitat per començar a fer servir la targeta d’11Onze. Això sí, amb moderació i responsabilitat, i sense caure en l’anomenada oniomania o compra compulsiva.

  • L’e-commerce evita les cues als comerços. El fet que el Black Friday fomenti amb força les compres virtuals, permet al consumidor evitar les cues a les botigues, triar el producte que més li convé amb paciència i comparar sense presses entre les diverses ofertes, però també entre diferents botigues. Les compres virtuals són cada vegada més habituals i, ara, amb les targetes virtuals el client pot tenir la seguretat que tota la transacció està ben protegida. 
  • Pots avançar les compres de Nadal. Una de les coses per les quals el Black Friday s’ha convertit en una data imprescindible pels consumidors és que permet comprar per avançat tots els regals de Nadal. I a més, amb descomptes. Així mateix, enguany, la crisi energètica i de transports que s’ha anat coent aquest octubre pot dificultar que les compres virtuals arribin a temps i, per això, a 11Onze recomanem que es faci servir el Black Friday com a eina de previsió.
  • Els descomptes estalvien diners. A més, el Black Friday pot ser una bona manera d’estalviar en productes que veritablement necessitem. Durant aquests dies, hi ha rebaixes de fins al 70% en productes seleccionats, hi ha ofertes amb paquets especials, compres de 2×1, ofertes que s’activen per un dia i amb compte enrere i, fins i tot, cupons. A més, moltes marques opten per les devolucions gratuïtes.

11Onze és la fintech comunitària de Catalunya. Obre un compte descarregant la super app El Canut per Android o iOS. Uneix-te a la revolució!

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The rise in food prices has reached record highs in the last year. Filling the shopping basket has become much more expensive. Despite this, doing without basic foodstuffs is not a savings option that we can contemplate. Likewise, there are other fixed household expenses that we cannot eliminate, but which we can reduce. Here at 11Onze we have a savings proposal that you may not be aware of.

 

Although inflation seems to have peaked after two consecutive months of decline, prices are still totally out of control and the main foodstuffs that make up the shopping basket continue to get more expensive. According to data from the National Statistics Institute (INE), the year-on-year rate of food and non-alcoholic beverages prices has risen by 14.4% in one year, the highest since 1994, when the statistical series began.

The INE report tells us that the list of foods with the highest price increases is headed by oils, whether sunflower, corn or olive oil, which have shot up by 66%, followed by basic products such as cereals, butter, pasta or sauces and condiments, which have risen by almost 30%.

The causes are many and varied: the increase in production, transport and distribution costs, the rise in the price of raw materials, fuel and energy, but the end result is that no product has fallen in price or even maintained its price. It’s no secret, the cost of living has risen dramatically, and you have to make savings wherever you can.

 

Optimising fixed costs

Although it is true that we have little room for manoeuvre if we want to reduce essential expenses such as food, it is also true that there are other fixed expenses that, although necessary, can be negotiable, or we can optimise them by contracting suppliers that are more in line with our needs.

This category includes products and services such as household supplies, the mobility option and insurance. The home insurance sector offers us a wide range of providers with coverage and prices that adapt to our particular circumstances. This is where we can reduce costs without having to do without the essentials. Would it surprise you to know that with 11Onze Segurs you can insure your own home for as little as €5 a month?

From £5 a month? Yes, at 11Onze Segurs we do away with paper contracts, physical agencies, management fees, cancellation and contract change fees, which is already a considerable saving, but we also allow you to modify and adapt the coverage to your needs at any time, before and after signing the contract.

In this way we ensure that you don’t overpay for your insurance, offering a monthly or annual fee, without permanence, between 15%-20% cheaper than with traditional insurers. What is the monthly cost of your current home insurance? Do you want to know how much you could save? Try our price simulator by entering some basic data, and you will get your no-obligation quote immediately.

 

If you want to discover fair insurance for your home and for society, check 11Onze Segurs.

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At its annual meeting in Davos, the World Economic Forum announced that a new approach to the functioning of our societies is needed after the pandemic has shown the weakness of the current economic model. Consequently, it proposed to reset the global economic system by promoting a more sustainable model. A paradigm shift with geopolitical ramifications where gold will play a key role.

 

The Great Reset is the term the World Economic Forum (WEF) has chosen for its initiative that aims to rethink the future of global relations, the direction of national economies, the priorities of society, and the reference of business models. In short, it is the thought that many people had in mind after experiencing the sanitary crisis.

At first glance, it might seem like a utopian vision of the economy of the common good as an alternative model to capitalism, or as the WEF points out, “a major reboot of capitalism is needed”, but in practice, at least for the time being, it is nothing more than a declaration of intent, vaguely defining the way forward, but without specifying the steps to be taken.

That said, in the current economic context of an energy crisis, an inflationary crisis and a debt crisis, caused in part by the pandemic and in part by the sanctions imposed on Russia as a result of the conflict in Ukraine, it is clear that a reset of the established economic model is not only desirable but inevitable.

 

The loss of credibility of the international monetary system

This economic crisis defined by record levels of public debt frames a global macroeconomic scenario that will lead to a recession in several Western countries. Moreover, the danger of generalised stagflation, i.e. a scenario of high inflation, a slowing rate of economic growth, and where unemployment remains high, is an unavoidable reality that more than one economy will have to face, given that the fiscal and monetary policies that have been applied to tackle the crisis are further increasing the debt of the States.

The increase in macroeconomic volatility has meant that now more than ever, the central banks of many countries are buying gold as if the world were coming to an end in order to protect their reserves. While it is true that countries not aligned with US geopolitical interests have been buying gold on a massive scale for a decade to shield their economies from economic sanctions and the eventual disintegration of the dollar as the world’s reserve currency, it is surprising, or not, that the central banks of Western countries are also joining the ‘gold rush’.

Given this scenario, one might think that the days of the current monetary system are numbered. As the financial analyst, José Luis Cava, explains, “everything points to the fact that there is an agreement between the Central Banks of each Eurozone country and the ECB to harmonise the physical gold reserves of these Central Banks until they reach 4% of GDP”, and he continues, “debt levels have shot up to absolutely unsustainable levels. China, Russia, and India have announced new currencies backed by physical gold”.

What is clear is that whatever the final outcome of the paradigm shift in the global monetary system that is underway, it is obvious that The Great Reset has been underway for years, regardless of what is said or desired from Davos.

 

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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