Hi,
It would be good to have a feature of adding physical gold as an investment.
The app should allow you to specify:
- the weight
- the purity
and then Emma would use the latest Gold price to calculate its worth.
Thank you
Hi,
It would be good to have a feature of adding physical gold as an investment.
The app should allow you to specify:
Thank you
I would like this too. It’s interesting that Emma offers unregulated investments like cryptocurrencies but not gold, one of the oldest and safest investment in the world.
Articulate
We never thought about this feature, to be honest.
We have been looking at ways to let you buy gold via Emma and it’s quite expensive. How many people do you think would be interested in tracking (and buying)?
Our feeling was more that new generations are looking at Stocks / Crypto mostly.
Hi Edoardo,
Well I’m sure you’re right the majority will invest in Stocks and Crypto. But your true users the ones for who “personal finance” and investments is a passion of ours. We would want to be able to track multiple different investments. And gold ofcourse is an essential.
Thanks,
we can still look to provide it next to stocks and crypto. Our trading platform will go live next month.
Hi Edoardo, have you given any thought to this idea? I was about to create a new thread requesitng this but it would be pretty good. Simply put in the amount of gold I have and emma uses a gold price to give me the valuation!
We have actually taken a look and we were chatting with a few providers - the main thing that stopped us was the insurance on the gold. It’s really expensive and there would be a big fee on the assets under management.
What makes the most sense for us is to have an index in the app that tracks the price of gold; so instead of owning the actual plate, there is still a way to be exposed.
What do you think?
Hi Edoardo, that would work! If I can have a gold account on Emma that I can just enter how many grams of gold I have, and then Emma uses their index to give a live valuation that would work perfectly. I think it would be better that way rather than buying it through the app, as it will allow people who have gold jewellery at home etc to just weigh it and add it
For offline tracking, that’s even simpler for us - I was referring to buying through Emma
That would be pretty cool to have as an offline account under the assets category. A bit off topic but would be cool to have something similar for the LSE too
Definitely would like the ability to add precious metals by gram / oz and then based on market price it be tracked as an offline account big fan of this. Would definitely be unique selling point of emma
Also adding the date of purchase would be great or purchase price then can simply track your return % and amount over the time period
I can confirm that my initial comment referred to a feature where the user would simply specify the grams of gold and perhaps its purity (carat) then the app would (based on tracking a live index) convert that to a value (ÂŁ, $, etc.)
Hi, has there been any update/movement on this?
Gold is super expensive to add as a direct investment in Emma - there are quite big insurance costs and logistical problems; our medium term view is to probably add an index that tracks the price of physical gold rather than buying the real thing - what do you think?
Yeah that would work. If you had the live spot price for gold per gram, and then we could add how many grams of gold we have invested (either physical or in a vault) and then we could track our net worth