You can find the cheapest gold dealer in the Czech Republic at zlatemince.cz.
He has a store in Prague in the Municipal House building. But be careful, the shop is on the second floor! Not on the ground floor.
To avoid getting lost, use the service entrance (from the street near the Municipal House) right next to the Blanka Matragi shop window and take the elevator to the second floor.
You can also find gold for low prices in Brno, in the iconic Dornych brick building, next to Vaňkovka.
The low price and high inventory is what brings new people interested in safely storing money in precious metals to this traditional dealer of gold and silver deposits.
You can see on the page that the prices of gold bricks and gold coins at this seller are really at the lowest level investment gold. The price list is in euros on the page investment gold.
The gold floor price sets this seller apart from other offerings on the market. This is also confirmed by its ranking in first place in last year’s comparison of financial results in the category of precious metals dealers (the competition is organized by the Finparada server of Scott & Rose).
An ideal investment for “canaries”
Gold is popular among mostly conservative investors. We only need to talk about middle-aged and elderly people. More and more young people are finding their way to it.
Everyone understands very well that they are involved in a direct medium and long-term investment. No market time. In short, it is a gradual and long-term purchase over tens of years (usually until you retire, or as a legacy to your descendants/grandchildren).
That’s why you shouldn’t get caught up in any short-term fluctuations. This is true even now, when the price of gold has increased significantly within a few months. Don’t be afraid and think that gold is “expensive” right now. Shop as usual.
Leading analysts from around the world are more clear in this regard – they claim that the price of gold will rise by hundreds of percent in the coming decades. What does this mean?
The longer you wait for the “right moment” to buy, the worse the price you will buy.
Don’t jump into it mindlessly
However, this does not mean that you immediately pick yourself up and buy gold from the first seller you come across.
First of all, you must know that no Czech mint produces gold bars/bricks. For that reason, we only buy goods from abroad (for example from Switzerland).
The arduous process of transporting expensive items costs a fortune. For that reason, Czech retailers try to compensate their costs with high margins. Some have low margins, others high.
As a result, for example, you can buy a popular ingot from the Argor-Heraeus foundry weighing 1 gram for CZK 2,000, as well as CZK 2,550. A difference of CZK 550 for a piece of gram is enough. For heavier ingots, we are talking about thousands of crowns.
Why do we only deal in physical gold? Because it provides the most benefits and the highest security (compared to virtual holdings and shares of gold companies).
