FAQs

EUWAX Gold Core (WKN: EWG4CR, ISIN: DE000EWG4CR2) is a bearer bond issued by Boerse Stuttgart Commodities GmbH that securitises a claim to delivery of physical gold. The ETC is 100 % backed by gold meeting the LBMA Good Delivery standard.

The ongoing product costs amount to 0,25 % p.a. They are charged by gradually reducing the metal entitlement per bond. The issuer does not charge custody fees. When buying and selling, your custodian bank charges the usual transaction costs for exchange trading.

The product currency is USD. Trading on German exchanges takes place in EUR. This results in exchange rate risks, but also exchange rate opportunities. The product is not currency-hedged.

The gold is held by HSBC Bank plc and Brink's Global Services in high-security vaults in the United Kingdom, Switzerland and Germany.

Yes. Delivery is possible from one bond. The costs incurred are borne by the investor. Please refer to the current price list at www.bscommodities.de for details.

Yes, EUWAX Gold Core is available for savings plans with many online brokers. Check the savings plan offering of your bank or broker.

EUWAX Gold Traceable (WKN: EWG4TR, ISIN: DE000EWG4TR6) is a bearer bond issued by Boerse Stuttgart Commodities GmbH with 100 % physical gold backing – and full traceability of the gold's origin from mine to bar.

The deposited gold is fully traceable. A CO₂ footprint is available for the entire supply chain. Traceability is ensured in cooperation with MKS PAMP SA.

The ongoing product costs amount to 0,29 % p.a. They are charged by reducing the metal entitlement. In addition, the usual transaction costs for exchange trading apply.

With HSBC Bank plc, MKS PAMP SA and Brink's Global Services – in high-security vaults in the United Kingdom, Switzerland and Germany.

Both ETCs are 100 % physically backed and have a similar structure. In addition, EUWAX Gold Traceable offers full traceability of the gold's origin and CO₂ accounting. At 0,29 % p.a., its ongoing costs are slightly higher than those of EUWAX Gold Core (0,25 % p.a.).

Yes. Delivery is possible from one bond. The costs are borne by the investor.

The product currency is USD. Trading on German exchanges takes place in EUR. This results in exchange rate risks, but also exchange rate opportunities. The product is not currency-hedged.

Yes, EUWAX Gold Traceable is available for savings plans with many online brokers. Check the savings plan offering of your bank or broker.

EUWAX Gold II (WKN: EWG2LD, ISIN: DE000EWG2LD7) is a bearer bond issued by Boerse Stuttgart Commodities GmbH. Each bond securitises 1 gram of gold from a 100-gram gold bar. The product is 100 % physically backed and denominated in EUR.

No. EUWAX Gold II has no ongoing product costs, no custody fees charged by the issuer and no insurance costs. You only pay the usual transaction costs when buying and selling via your custodian bank. Investors should note that entry costs and spreads may be higher than for EUWAX Gold Core.

Delivery within Germany is free of charge from 100 grams (or a whole multiple thereof). Fabrication costs apply to smaller denominations. Delivery to the exact gram is possible. Details can be found in the price list at www.bscommodities.de.

The gold is stored exclusively in Germany – in the high-security vaults of a globally operating custodian.

EUWAX Gold II is traded and settled in EUR. There are no direct exchange rate risks for investors whose home currency is the euro. However, as the gold price is quoted internationally in USD, EUR/USD movements have an indirect effect on the product's EUR price.

EUWAX Gold II is designed as a long-term buy-and-hold product: no ongoing costs, EUR denomination, gold stored exclusively in Germany, free delivery from 100 g. EUWAX Gold Core is aimed at investors who value high liquidity, tight spreads and international storage locations – with low ongoing costs of 0,25 % p.a.

EUWAX Gold (WKN: EWG0LD, ISIN: DE000EWG0LD1) is a bearer bond issued by Boerse Stuttgart Commodities GmbH. Each bond securitises 100 grams of gold. The product is 100 % physically backed and denominated in EUR.

No. EUWAX Gold has no ongoing product costs, no custody fees charged by the issuer and no insurance costs. You only pay the usual transaction costs when buying and selling through your custodian bank. Investors should note that entry costs and spreads may be higher than for EUWAX Gold Core.

Delivery within Germany is free of charge from 100 grams (or a whole multiple thereof). Details can be found in the price list and the final terms at www.bscommodities.de.

The gold is stored exclusively in Germany, in the high-security vaults of a globally operating custodian.

EUWAX Gold is traded and settled in EUR. For investors whose home currency is the euro, there is no direct exchange rate risk. However, as the gold price is quoted internationally in USD, movements in the EUR/USD exchange rate indirectly affect the product's EUR price.

EUWAX Gold is designed as a long-term buy-and-hold product: no ongoing costs, denominated in EUR, gold stored exclusively in Germany, and free delivery from 100 g. EUWAX Gold Core is aimed at investors who value high liquidity, tight spreads and international storage locations – with low ongoing costs of 0,25 % p.a. For EUWAX Gold, your custodian bank will generally withhold capital gains tax on profits. For EUWAX Gold Core, your custodian bank generally does not deduct tax after a holding period of 12 months.*

Pure gold ETFs are not permitted in the EU because an ETF must be diversified to qualify as a collective investment undertaking. Products often searched for as “gold ETFs” are therefore usually gold ETCs (Exchange Traded Commodities). Gold ETCs are exchange-traded securities that track the performance of gold. Boerse Stuttgart Commodities' gold ETCs are 100% physically backed by gold and can be traded through a securities account like shares or ETFs.*

An Exchange Traded Commodity (ETC) is an exchange-traded debt security whose performance is linked to a commodity. An ETC is legally structured as a debt security payable to its bearer. Boerse Stuttgart Commodities' precious metal ETCs are 100% physically backed by the respective precious metal.*

Gold is often used to diversify a portfolio. Historically, gold has shown a low correlation with shares and bonds and may help provide stability during uncertain market conditions. Whether an investment in gold is suitable depends on your investment strategy, time horizon and risk tolerance. A gold ETC lets investors gain exposure to gold through a securities account without any additional effort for buying, storing or insuring the metal physically.

Advantages: Historically, gold has been used as a store of value and as a potential hedge against inflation. It has shown a low correlation with other asset classes and may help diversify a portfolio. Gold ETCs provide access through a securities account without any additional effort for storing or insuring physical gold.

Disadvantages: Gold pays no interest or dividends. Its price can fall, including over extended periods, and can be highly volatile. Products denominated in U.S. dollars also involve currency risk. As debt securities, gold ETCs are subject to issuer risk.

Boerse Stuttgart Commodities GmbH, a 100% subsidiary of Boerse Stuttgart GmbH, based in Stuttgart. The products are issued under German law, and the prospectus is approved by the German Federal Financial Supervisory Authority (BaFin).

Yes. All EUWAX precious metal ETCs are 100% physically backed.* The metal is held in high-security vaults at internationally recognized custodians.

The prospectus provides for insurance of the physical gold against loss up to at least EUR 150 million. We consider cover above the market standard represented by this stated minimum to be important for investors; accordingly, the actual insurance cover maintained for our products is substantially higher.

Investors in our ETCs should contact their securities account provider to initiate delivery. A relevant form is available as a template in the download section for each ETC. Your securities account provider will then forward the document.

In general, when Boerse Stuttgart Commodities GmbH's gold ETCs are sold after a holding period of at least 12 months, the securities account provider does not deduct tax* – similar to the treatment of physical precious metals. Tax treatment depends on individual circumstances and may change. This information is not tax advice. Please consult your tax adviser for an assessment of your individual situation.

You can buy ETCs through your securities account provider or online broker, just like shares or ETFs. The products can be traded on every trading day on Boerse Stuttgart (trading hours 7:30–22:00), Xetra and other trading venues.

Key risks include issuer risk (if the issuer becomes insolvent, you could lose some or all of your investment), market risk (precious metal prices fluctuate and may fall over extended periods), and currency risk (exchange rate movements may affect returns on products denominated in U.S. dollars). A total loss is possible. The products do not provide capital protection. Before investing, please read the relevant key information document (KID), registration document, securities note and final terms.