Investment gold is becoming an increasingly sought-after form of investment in Croatia. In the past year, according to publicly available data, Croatians have purchased approximately 300 million euros worth of precious metals. Leading this trend is investment in gold, as this precious metal is exempt from VAT and taxes, while other investment metals such as silver, platinum, and palladium are subject to value-added tax.
Domestic investors are already well aware of the advantages of investing in gold bars and coins. The price of gold rises during times of crisis, economic uncertainty, and political instability, that is, when other investment options – such as securities or real estate – generally lose value. For this reason, gold has always been used to diversify an investment portfolio, with a recommendation that between 10 and 30 percent of total assets be stored in gold.
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In practical terms, Croatian citizens were able to experience the benefits of this investment policy in the summer of 2020, during the collapse of supply chains in retail following the pandemic ‘lockdown’, and in the winter of 2022, after the Russian invasion of Ukraine. In both of these situations, the value of gold significantly increased – during 2020 by as much as 30 percent, reaching a historical record in August – thus providing substantial profits to investors who had purchased gold bars and coins in previous years.
Security Concerns
Recognizing a good investment opportunity in gold is accompanied by important security questions that investors ask. Where to store the purchased bars and coins? How to be sure that it is real gold? How to verify its quality? How to transfer larger values of gold to the desired address? How to know the best time to buy?
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Reliable answers to investors’ questions are provided by Goldman Graff, an authorized partner in the sale of investment gold for leading European refineries and mints such as Argor-Heraeus and Valcambi from Switzerland, Austrian Mint (Münze Öesterreich) from Austria, and T. C. A. from Italy. In its assortment, available in the online store for investment gold and regional offices in Zagreb, Rijeka, and Ljubljana, Goldman Graff exclusively offers gold with prestigious LBMA certificates that meet global ‘good delivery’ criteria.
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– In short, this means that gold bars and coins purchased in Goldman Graff stores can be sold by our clients anywhere in the world under the same conditions, as it is investment gold of internationally recognized quality, accompanied by the appropriate certificates. We also issue additional certificates that guarantee we will buy back the gold sold to clients at the highest market price. It is impossible for us to have a situation where we buy or sell a ‘counterfeit’ bar because we test all gold with sophisticated devices that cannot be ‘fooled’, said Davor Žic, a member of the Management Board of Goldman Graff.
