This is the first type of gold account with interest-free income. The Gold to Gold Participation Account, which can be opened with 50 grams of gold, provides both savings and the opportunity to make a profit.
- Each gram of gold deposited in the account is valorized in the real sector and the profit obtained is returned again in gold.
- Accounts may be opened with 3-month, 6-month or yearly terms.
- You can sell gold from the account as long as the balance in the mid-term does not go below 50 grams. The maturity of the account is not broken and a profit share is calculated over the remaining balance.
- The profit actualizing on the maturity date is shared on an %30-%70 basis between the owner of the account and the institution.
- Withholding rates are 15% for each term.