Gold Sovereign
Diameter: mm 22.05 Thickness: mm 1.52
Gross weight: 7.99 g Fineness: 916.67‰ Fine weight: 7.32 g
Packaging: With or without blister
Immediate liquidity
VAT exempt
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BARS AND COINS FOR INVESTMENT
Jewelers, gold buyers, and goldsmiths find in Target S.r.l. Precious Metals Bank in Milan and Alessandria a reliable partner for every service: from price locking and qualified collection to melting and meticulous refining. Purchase and sale of bars, coins, and precious metals.
QUESTIONS AND ANSWERS
DO YOU HAVE QUESTIONS? EXPLORE THE FAQ SECTION
Can I buy pure or coined silver, platinum, or palladium?
These three precious metals are traded on a free market, meaning that even private individuals can buy them in pure form, as coins, or as granules, but must pay VAT, currently 22%, on the entire purchase amount. The presence of VAT makes investment in these three precious metals less attractive, because when reselling them you “lose” the VAT, so it only makes sense to sell if their price has increased by at least 22%, in order not to lose part of your invested capital.
Can a private individual freely purchase and hold gold bars and coins?
With Italian Law no. 7 of January 17, 2000, Italy aligned itself with European regulations, namely Council Directive 98/80/EC of October 12, 1998. A private individual can freely purchase and hold “investment gold,” defined as gold in the form of bars or wafers of a weight accepted by the gold market, but in any case greater than 1 gram, with a purity equal to or greater than 995 thousandths, whether or not represented by certificates; gold coins with a purity equal to or greater than 900 thousandths, minted after 1800, which have or have had legal tender status in their country of origin, normally sold at a price not exceeding 80 percent above the free market value of the gold they contain, included in the list prepared by the Commission of the European Communities and published annually in the Official Journal of the European Communities, series C, as well as coins with the same characteristics even if not included in the above list. A decree of the Minister of the Treasury, Budget and Economic Planning establishes the procedures for transmitting to the Commission of the European Communities the information on coins traded in Italy that meet the above criteria.
Which companies are authorized to buy and/or sell "investment gold," i.e., bars and coins?
Italian law establishes that only Professional Gold Dealers authorized by the Bank of Italy are permitted to buy and sell “investment gold” on a professional basis. These entities must have previously notified the Bank of Italy according to the procedures provided by Article 5 of the UIC Measure of July 14, 2000, and must meet the following requirements: legal form as a joint-stock company, partnership limited by shares, limited liability company, or cooperative company, with fully paid-up share capital not less than the minimum required for joint-stock companies; a corporate purpose indicating the business of gold trading as defined by Article 1, paragraph 1, of Law No. 7 of January 17, 2000; possession by shareholders, directors, and employees responsible for technical and commercial management of the requirements of integrity as established by Articles 108 and 109 of the Consolidated Law on Banking and Credit, issued by Legislative Decree No. 385 of September 1, 1993, and the implementing decrees of the Ministry of the Treasury Nos. 516 and 517 of December 30, 1998. Operators who purchase gold for the purpose of their own industrial or artisanal processing or to entrust it exclusively for processing to a holder of the identification mark referred to in Legislative Decree No. 251 of May 22, 1999, are excluded from the rules mentioned in paragraph 3.
Is it the right time to buy gold? Are bars or coins better?
If buying GOLD is about accumulating over time to build a little nest egg you can count on in case of need—something you can immediately convert into cash—then it’s always the right time to buy! Over the years, prices have shown that gold is a Store of Value that maintains purchasing power, even though short-term price fluctuations, both up and down, are normal. If I want to buy gold to protect my savings, knowing that I will be able to resell it at any time if needed, we can say it is always the right time to buy gold! Even when the price seems “high,” it’s important to reflect on “high compared to when?” Gold price charts clearly show fluctuations in the short term, but a steady increase over the medium and long term. And above all, the most important thing to consider is that in the face of a decrease in the purchasing power of money, physical gold is the perfect way to preserve your wealth.
What is the difference between a cast bar and a minted bar?
TARGET S.r.l. produces various types of bars. Some are made by melting the purest raw material and pouring it into a mold of the required shape, while others are produced through a rolling and cutting process of the purest precious metal to obtain the “mirror finish” shape and then stamped using a press that imprints the TARGET logo and other details. Others are made from sheets of pure precious metal, shaped and cut using laser technology. The difference is purely aesthetic (the first has a more “raw” appearance, while the second and third are more “square and mirror-like”), but all are guaranteed to be of the purest precious metal—24 carat for gold and 999.9/1000 for silver—and all are produced and guaranteed by TARGET S.r.l. SEE OUR GOLD AND SILVER BARS…
Is it possible to pay in cash?
We confirm that it is possible to pay in cash only at our offices in Milan and Valmadonna, within the limits set by current regulations, although our company prefers payment by bank transfer. At our locations, you can also pay by debit card, credit card, or American Express.
Does investment gold have to be declared when applying for an ISEE certificate?
If you purchase "investment gold" in the form of bars and coins, there is no obligation to declare it.
Are gold bars and coins easy to resell?
Certainly, both gold bars and coins can be resold at any time, but only to Professional Gold Dealers authorized by the Bank of Italy, such as TARGET S.r.l, which is a recognized dealer with number 5006721. You can resell at one of our offices in Milan or Alessandria, by appointment.
Can I get back the material I delivered to your office?
If the price of the precious metal was locked in and set at the time of delivery, it is not possible to withdraw, as our company, in order to guarantee the promised price, has already made commitments with other companies on the national and/or international market. If the price of the precious metal was not defined and agreed upon, you may request the return of your material after the mandatory administrative holding period of 10 days; any costs incurred, such as shipping and costs related to processing—such as melting and laboratory chemical analysis—will be charged. After the administrative holding period, and as specified in the contract, the items will no longer be in the state in which they were delivered, as they will have been melted down for analysis and refining.
What is a “Banco Metalli”?
A Banco Metalli is a company that meets all legal requirements to be considered among the "Professional Gold Dealers." TARGET S.r.l. is a Professional Gold Dealer authorized by the Bank of Italy with number 5006721 and is a manufacturer with the identification mark “2343MI,” issued by the Metric Office of the Chamber of Commerce of Milan Monza Brianza and Lodi.
Are you a "Gold Buyer" store?
The Precious Metals Bank is a professional gold operator registered with the Bank of Italy and holds all the necessary authorizations to operate in the precious metals trade. It offers its services to anyone wishing to invest in, purchase, or sell their gold, silver, platinum, palladium, or any other precious metal. It also provides clients with the opportunity to invest in coins and bars. To comply with current regulations and to be officially recognized, a Metal Bank must have the following characteristics: Authorization from the Bank of Italy; Be a joint-stock company or a cooperative with fully paid-up share capital of at least €50,000; State “gold trading” as its corporate purpose; All company members must comply with the requirements set out in articles 108, 109, and 16, paragraph 2, of the Consolidated Law on Banking and Credit, issued by Legislative Decree of 1 September 1993, no. 385;
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