Yes. When inflation is high, money loses purchasing power and investors look for protection in real assets. Gold responds naturally to this, and over the long term inflation shows up in its rising price.

In general, internationally recognised investment gold products have similar margins. However, limited editions or series with a new design each year, such as Lunar, Panda or Kangaroo, can be priced higher because of demand and their collector value.

No. Investment gold is exempt from VAT in the European Union. VAT applies only if the price per gram is at least 80% above the spot price, which happens with very high-margin products, not with standard investments.

The price moves with the international gold price and the exchange rate.

A troy ounce is approximately 31.1 grams. International markets usually quote the price per ounce, while the price per gram is easier to use for products and jewellery traded locally.

The difference, called the spread, covers operating costs and the dealer's margin, and is standard practice in the precious metals market.

You can follow it in the chart on this page.

The price is updated regularly, following the international market and the exchange rate.