[TBC Bank] Gold Certificate

What is Gold Certificate?

It is a security that represents a liability of National Bank of Georgia to its owner for a specific gold bar kept in the National Bank of Georgia's vault until the owner's request.

A claim to an ownership, that is regstered in the bank's registrar is given to you from the bank.

Gold Certificate criteria

GC can be issued to resident as well as non-resident individuals and legal entities.

There are several types of GC:

Gold Bar Certificate;
Gold Investment Certificate.

Certificate values:

Gold Bar Certificate - 20 grams;
Gold Investment Certificate - 1 ounce.

The order of the gold bars is the highest - 999.9; golden bars equivalent to GC value are kept in the NBG vault.

Gold Certificate Flow and Payments

You can purchase a GC in TBC Bank, however in order to purchase one you will need to have an account at the bank in national currecy.
You have freedom to sell, rent out or make a present of your GC at any time. You can also demand to exchange it for bold bars. In the latter case, the terms for exchange are as follows:

Gold Bar certificate - 5 business days after the claim;
Gold Investment certificate - 30 business days after the claim.

You can ask to have the gold bars checked prior to its exchange. Once you have exchanged the certificate for the actual gold bars you cannot return them.

Gold Certificate Price and Fees

The price of the GC depends upon the changes in the world godl market; it is calculated every business day in a following way: a price at London Bullion Market Association plus the commision of National Bank of Georgia.

Above-mentioned price is displayed on NBG site every day.

TBC Bank’s fees:

Fees	Certificate value
	20 gr	1 ounce
Buy	35 GEL	50 GEL
Sell
Claim

Why purchase Gold Certificate?

It is widely known that people are trying to diversify their capital by investing in different fields, such as: business, real estate etc., to secure from inflation risk. Gold market is one of the key investing fields that highly secures the investment risk.
Gold is the most popular precious metal in terms of an investment. It is frequently bought as an instrument of hedging, or as a mechanism to secure against economic, social and currency crises.

Why is gold an exceptional investment product?

It can secure your property against inflation;
In experts' opinion, it is more commecrially beneficial than other securities. Gold is portable, liquid and accepted in most parts of the world;
It is relatively easy to purchase and sell it;
The demand is always high;
It is also an important jewelry business;
The supply is always low;
According to World Gold Summit, gold's value has increased twice since 2008.

For additional information please visit website of the National Bank of Georgia

If you are interested in GC or its purchase please visit TBC Bank’s branch on 7, Marjanishvili St.