Here you will find answers to the following questions:
1. Where to buy physical gold?
2. What to look for when choosing a supplier?
3. What companies operate in the Polish gold market?
At a glance
- Although banks are associated with gold, when wishing to purchase a gold bar or coin it is worth going to a specialized dealer.
- There are many players on the market. When choosing a supplier, you should be guided by such aspects as the size of the sales network or the availability of goods.
- Among the largest gold distributors in Poland, a key position is held by Goldenmark, which is also Goldsaver’s gold supplier.
Where to buy physical gold?
The common perception is that gold can be bought at a bank. And while some banks indeed have a small segment dedicated to physical gold in their offerings, it is worth being aware that there are entities on the market that specialize in selling physical gold in the form of bars and coins. The gold market in Poland has been developing for more than a decade and there are a number of professional suppliers.
The latter’s advantage over banks lies primarily in their wide range of offerings and the high availability of the commodity “off-the-shelf” – a bank, even if it offers gold, often treats it as so niche that the bar must be ordered and picked up when it is delivered. Not all banks have gold on offer. Often, too, gold cannot be purchased at every bank branch, but only at selected branches.
Paweł Svinarski
“Dużym atutem Goldsavera jest automatyzacja oszczędzania możliwa dzięki ustawieniu w banku zlecenia stałego. Nie muszę pamiętać o tym, by dokonywać kolejnych zakupów, wszystko dzieje się z automatu. I nim się obejrzę, będę mógł odebrać swoją sztabkę”
How to choose a supplier?
On the Polish market there are many entities engaged in the sale of precious metals. They differ from each other in many respects. It is advisable to pay a personal visit to the company’s facility and make a reconnaissance when making your first purchase.
How a company is represented is of great importance in an industry where a commodity of such high value as gold is traded. An indicator of a supplier’s credibility can be both the network of branches, their decor, customer service standards, the amount of goods available off-the-shelf, security procedures or access to specialized tools for verifying gold.
The largest companies on the Polish market
Goldenmark
Goldenmark is the leading supplier of gold and silver investment bullion in Poland. For more than 12 years of operation, Goldenmark has supplied Poles with more than half a million ounces of physical gold, or more than 16.6 tons of bullion. As the first company in the industry, Goldenmark relied on building a network of stationary showrooms, where people can come in person and see the entire available range. As a result, today the company is present in more than 20 of Poland’s largest cities. The entire offer is also available in an online store, based on the most modern and secure solutions.
Goldenmark is the supplier of gold bars to Goldsaver.
Treasury Mint
The company is listed on New Connect and is a distributor of bars and coins from LBMA-affiliated manufacturers like Perth Mint, Argor-Heraeus and Valcambi. The company has branches in 14 Polish cities, making it the second largest gold distributor in terms of sales network, after Goldenmark.
Mannica Poland
The Mint of Poland is a company that follows the tradition of the historic Warsaw Mint, which existed from 1766 to 1867, and the State Mint, which operated from 1924 to 1994. The company offers a range of services and products, such as coinage products (Polish circulation coins) and engraving and minting, payment services and ticket machine services. It also operates in the development market, and one segment of its offerings is gold bars and bullion coins, which it sells both online and at its seven branches.
Capital Mint
Capital Mint is a distributor of precious metals and diamonds. The company was founded in 2016, which is relatively recent, but it boasts a presence in seven cities. It offers bars and coins from manufacturers such as Argor-Heraeus, Münze Österreich, PAMP, Perth Mint and Rand Refinery.
Tavex
Tavex is a company that was founded in 1991 in Tallinn as a videotape rental company (the Estonian company retained the name Tavid). Since 1992, it started operating in the foreign exchange market. Today it has 30 offices in 12 countries such as Estonia, Latvia, Poland, the Czech Republic, Slovakia and others. Although its core business is currencies, it also has investment gold on offer.
