Coininvest Reviews - Is it a safe company? - Pros and cons
We analyze in detail all review about Coininvest to determine if it is a safe company to buy gold coins and precious metals.
Gold Investment Coins and Bullions in Coininvest
If your passion is investment coins and bullion, then you will find these review about Coininvest interesting.
Coininvest supplies a wide assortment of gold coins, silver coins, gold bars and silver bars, as well as platinum and palladium.
It also has the option to buy back your coins and bullion, that is, this process requires that you send the coins and after confirming the quality and valuing your coins, they will send you your money.
Pros and Cons of Coininvest
- Coininvest
- Coininvest website
In Favor
- They have a wide catalog of coins and gold, silver, platinum and palladium bars
- Normally the delivery is made within the expected delivery times with its packaging in perfect condition
- They buy back your coins and bullion
- Possibility of technical service in your language
Against
- Shipping problems in a timely manner, mainly motivated by Covid-19 and especially in the United Kingdom due to Brexit
- Communication with the technical service can be improved, sometimes it is difficult to contact them by phone
- Hidden UK delivery fees by UPS to collect your order, such as 20% VAT
- Some cases of waiting of several weeks for the shipment
Considerations before buying gold with Coininvest
Who should NOT buy gold on Coininvest
- You should not buy coins and flirtations with coininvest if you want to avoid the risk of storage at your home or in bank safes.
- If you want to protect your portfolio against inflation, since to sell your coins the price does not depend on you
- In general, you should not buy in Coininvest if you want to have an immediate liquidity of your savings
Who should invest in Coininvest
- If you don't mind storing the coins or bullion on your own
- If you want to create a heritage in the medium-long term and protect your future and that of your family
- You know that your money is worth less and less and is decimated by inflation
- You are worried about your future and want to create a retirement plan
- You need an alternative to pension plans
What services does Coininvest have
Purchase of physical gold and precious metal coins and bars
It has several services:
- coins and bars or bullion of gold, silver, platinum and palladium in physical form
- investment coins
It does not offer custody service for precious metals or buy gold on a regular basis, as Auvesta does for example, or Bullionvault.
So if your expectations are to cover your portfolio or retirement savings there are other options, such as the above.
Investing in gold, silver, platinum and palladium in bullion bars or coins
As a good store, Coininvest is a broker that offers you gold, silver, platinum and palladium bullion coins and bars from various regions of the world, such as:
- Vienna Philharmonic of the Austrian Mint,
- the Maple Leaf of the Royal Canadian Mint and
- the Krugerrand of the Rand refinery in South Africa.
These products can offer you an alternative to having your money in the bank and protecting it against inflation.
Coininvest is an associate member of the LBMA, making it a reliable company for buying precious metals.
It is headquartered in Frankfurt, Germany and since 2019 is part of INTL FCStone Inc, with offices in Singapore, Shanghai, Dubai and Frankfurt.
Gold price with Coininvest
Coininvest boasts of offering a price close to the spot price, which is updated every two minutes. Likewise, it offers special gold prices to buyers of large quantities.
Taxes
Investment gold does not have VAT in the European Union because it enjoys a special tax regime, since investment gold is considered a currency.
You will also not have to pay VAT when buying silver, platinum or palladium, as long as the precious metal is stored in free vaults.
These considerations may be different outside the European Union.
Alternatives to Coininvest
There are several alternatives for investing in physical gold, some of which even allow you to avoid the risk of storage at your home or in a bank safe.
What:
- Auvesta (Auvesta review)
- Bullionvault (Bullionvault review)
Conclution
In our opinion, Coininvest is a safe company that has a large amount of investment coins and bars in gold, silver, platinum and palladium to deliver to your home that can help you when it comes to protecting your savings from inflation.
There are other more interesting alternatives, if what you want is to have your savings safe from inflation and as cover for your portfolio, guarded in vaults by insured professional custodial companies, such as Brinks , Loomis and Prosegur. In this way, you avoid the risk of keeping it at home or even the cost of keeping it in a bank safe.