BUSINESSFINANCIALINVESTMENTS

In eight years, BCR sold 3 tons of gold to individuals as investment

By Anca Bernovici
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Banca Comerciala Romana (BCR), Romania’s biggest lender, part of Austrian group Erste, has sold over 3 tons of gold after 8 years since it made this service available in bank units. During 2016, the gold sales had an upward trend.

The demand has increased due to risks arising in the financial markets, but also due to the low yields or partially negative of government bonds on developed European markets, BCR officials note.

“Despite price fluctuations, the gold value has brought stability to the investment portfolio. In a difficult and unstable economic climate, gold is a safe asset, essential to each portfolio. Many experts recommend that a rate of 5-10 percent of the long-term portfolio’s private investors to be represented by the investment in physical gold. Let’s not forget that who has gold, always has money. Gold is an international currency that is traded 24/24 worldwide,” Laura Hexan, Capital Markets Head of Retail Sales at BCR said.

The customers buying gold from BCR are 60 percent men, aged between 30 and 50 years. The best-selling gold products are the ducats and the 10-g gold bars. The demand for investment purposes is especially for medium to large gold bars: 100g, 250g, 500g or 1000g. 20g ingots are required especially for a subsequent sale.

The ingots sold by BCR are Munze Osterreich produced by Swiss company Argor Heraeus, “good delivery” classified. The ingots are available in sizes from 2 grams to 1 kilogram.

An important trend is the gold coins to purchase gifts for special occasions such as baptism, birthday or wedding.

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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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