Ambriel Kapital GmbH · Solutions · Gold & Silver

Gold & Silver —
the oldest money in the world.
Used correctly.

For 2,500 to 6,000 years, the only currencies that have never lost their value. Physically stored. Outside the banking system — and outside the EU. Accessible to everyone.

+1.098%
Gold since 2002
As of May 2026
+1.175%
Silver since 2002
As of May 2026
6.000
years of value stability
6 years
silver supply deficit
in a row (2021–2026)
Source: Silver Institute
Gold als Wertspeicher
Why Gold & Silver

The only money
the that never failed —
secured outside the EU.

Purchasing power through the crisis — not inside the crisis

Gold and silver are not primarily a means of exchange for the crisis itself — they preserve and transfer purchasing power through the crisis. Hyperinflation in 1923: one trillion Reichsmarks were worth less than a loaf of bread. Those who held gold did not lose purchasing power — and could fully realize it in the new currency after the crisis. 1929, 2001, 2008: gold was on the right side.

Outside the EU — decisive

Within the EU, assets can be reached — through bans, seizure or high taxation. Those who understand the risks deliberately choose the right legal framework — thinking not in headlines, but in legal structures. A Liechtenstein fund structure means: you hold investment fund units that are 100% backed by physical metal — but within a clearly defined legal framework outside the EU. That is the difference between real protection and false hope.

Silver: historic turning point in 2025

Silver is both a precious metal and a strategic industrial raw material — indispensable for photovoltaics, electronics and electric mobility. Since 2021, total global silver demand has exceeded worldwide supply every year. 2026 will be the sixth deficit year in a row. A historically unique moment.

€100 in 2002 — a comparison

€100 held in a savings account from 2002 has around €40 of purchasing power today. The same €100 invested in Gold today: around €1,250 in purchasing power. The same €100 invested in Silver today: around €1,275 in purchasing power. This is no coincidence — it is substance against paper money. Both metals. Different characteristics — the same logic.

Historical proof

The price is not decisive —
purchasing power is.

What real equivalent value did 1 gram of gold have? Based on data from Thomson Financial Datastream, more than 120 years show: while paper currencies massively lost purchasing power, gold preserved its real purchasing power — and at times increased it significantly.

Purchasing power of 1 gram of gold in Germany
Source: WirtschaftsWoche / Thomson Financial Datastream — own presentation
Real equivalent value of 1g gold — expressed in:
0 1900 1914 1923 1950 1970 1990 2008 2010 2020 Hyperinflation Financial crisis
Year Butter (kg) Milk (liters) Rye bread (kg) Historical context
1900 1,49 14,3 12,5 Stable gold standard
1914 1,10 11,1 10,0 World War I — break with the gold standard
1923 0,50 10,0 5,9 ⚠ Hyperinflation — real value still preserved
1950 0,90 14,3 11,1 Post-war period, new Deutsche Mark
1970 0,57 5,9 3,3 Before the end of Bretton Woods in 1971
1990 2,60 16,7 5,9 Reunification, stable phase
2008 6,70 33,3 8,3 ⬆ Financial crisis — gold purchasing power explodes
2010 7,90 56,9 13,0 Gold price peak of that era
2020 5,11 37,5 9,57 COVID — gold again as a safe haven

The insight: Gold does not rise — paper money falls. In crises, wars and after currency reforms: gold preserves real purchasing power. Those who owned one gram of gold in 1900 and in 2010 could buy a similar amount of real goods with it. No savings account, life insurance or fund can prove that over 120 years.

The same principle — several building blocks. Our approach is not limited to gold and silver. It follows one logic: substance instead of paper promises — in different forms that complement each other.

Gold & Silver

More than 2,500 years of documented purchasing power preservation. Humanity’s oldest and most reliable measure of value — outside the EU, in the right legal framework.

Colored Gemstones

Similar historical characteristics to precious metals: physical rarity, millennia-old preservation of value, barely reachable by the state — and more portable than almost any other real asset.

Strategic Industrial Metals

No centuries-long track record — but structural scarcity and indispensable industrial demand as a solid foundation. Physical, tangible, outside the financial system.

Private equity investments

No century-long comparison possible — but real company values instead of stock market speculation. Real economy, real earnings. Outside daily market fluctuations.

Source purchasing power table: WirtschaftsWoche / Thomson Financial Datastream · Own presentation

Gold — the honest view

Gold is right —
but keeping it at home is wrong.

The idea of buying gold and storing it at home is understandable. But in several respects it is costly, risky — and short-sighted. Here are the facts.

⚠ Premiums & counterfeits when buying locally

  • At a local dealer, you always pay a premium above the spot price — the spread varies, but it is entirely borne by the investor. Example from 11 May 2026: gold fixing €4,016.70 — Vienna Philharmonic at Tavex (the EU member states): purchase €4,161.00 / buyback €4,109.00. In the EU member states, depending on provider and denomination, the premium is clearly above the spot price — the example shows it concretely.
  • Counterfeits already exist from 1g bars — and there are more and more — not recognizable with the naked eye, neither for coins nor bars. Anyone who knows that 2-euro coins are professionally counterfeited in Kosovo understands why gold and silver are attractive targets for counterfeiters at these prices.
  • Special equipment is required for testing — many dealers charge testing fees. At the latest during such a test, any previous anonymity is irrevocably lost.
  • Through our three partners in Switzerland, Liechtenstein and Canada — highly professional institutional buyers — authenticity is 100% ensured. No private dealer, no self-purchased coin: buying is handled by experienced market participants who trade large quantities every day. And selling is just as simple — at a fair market price, directly to your account.

⚠ State intervention — real within the EU

  • Germany 1923: Those who held gold preserved their purchasing power through hyperinflation — and could fully realize it afterwards in the new currency. Those who had only paper money lost everything. One trillion Reichsmarks were worth less than a loaf of bread.
  • After World War II: equalization of burdens — state access to real estate and assets
  • USA 1933: gold prohibited for private individuals, mandatory delivery at fixed prices
  • Within the EU, threats include bans, seizure, special levies and high taxation
  • The EU is actively building asset registers — what is known can be recorded
  • Assets outside the EU offer significantly more protection — in the right legal framework

The myth of anonymity — and why it is dangerous

Many think: “I buy anonymously, store it at home, nobody knows.” In several respects, this is short-sighted:

Asset registers are coming: Registers are being built at national level or through EU requirements. Anyone who does not report commits an offence. The majority will not be able to avoid it.

Every gold holding must eventually return to currency: At the latest when selling — whether to a dealer or a bank — it becomes visible. The alternative: the black market with massive discounts of 30–50% and significant legal risks.

Purchase receipt — important today, decisive tomorrow: Even today, some dealers buy back gold only with proof of purchase. If a tax on gold gains is introduced in future — as discussed in several EU countries — the following applies: with a purchase receipt, only the gain is taxed. Without a receipt, possibly the entire proceeds. This is not yet fixed — but anyone buying without proof today carries the risk tomorrow.

The solution: Store gold legally, documented and physically outside the EU — with institutional providers who transfer the equivalent value directly to your account in valid currency when sold. Complete documentation, certified authenticity, clear purchase receipt. A physical delivery claim — the actual delivery of the metal — exists at all times. In practice, this triggers shipping costs, possible VAT and customs duties. The right exists — most investors use cash settlement.

Silver — the honest view

Silver: huge spreads
at the local dealer.

Silver is around 60% industrial metal — making it less vulnerable to state intervention than gold. At the same time, silver has industrial momentum that gold does not. And when buying locally, the price argument is clear.

The silver momentum — short and clear

2025: historic turning point. Since 2021, industry has absorbed more demand than supply every year — a structural deficit — supply is no longer sufficient to meet both industrial and investor demand.

Indispensable for the energy transition. Photovoltaics, electric mobility, semiconductors, medical technology — modern industry does not function without silver. Demand is structurally increasing, supply is limited.

Historically undervalued. Historically, the gold-silver ratio is around 15:1 — today it is above 80:1. Silver has structural catch-up potential relative to gold.

Deeper in webinars. The silver momentum is a topic of its own — we go deeper into it in webinars and personal conversations.

Price comparison · 1 oz Silver Vienna Philharmonic · as of 11 May 2026
Fixing (spot price)
72,08 €
Tavex — purchase
98,04 € (+36% above fixing)
Tavex — buyback
75,86 € (buyback price)
→ Anyone who buys from Tavex and sells back: immediate loss of €22.18 per ounce — that is more than 22% of the fixing before the silver price has moved at all. No dealer for private investors and entrepreneurs protects your capital — he takes it.

⚠ What local dealers cost when buying silver

  • The chart shows it more clearly than any explanation: silver premiums at local dealers are substantial — typically 20–40% above fixing when buying, and often only slightly above fixing when selling back. All figures as of 11 May 2026 at Tavex the EU member states.
  • A gold bar or gold coin has purchasing power in a real crisis that is hardly practical as a means of exchange — too valuable for everyday use. Small amounts of silver at home can make more sense — but real barter goods for a crisis are other things.

✓ Silver through Ambriel Kapital GmbH — at institutional conditions

  • ✓Procurement at conditions far below what the EU member statesn dealers offer
  • ✓A healthy amount of silver at home can make sense — exactly how much we discuss individually
  • ✓The larger part: physically stored outside the EU — tradable at any time, proceeds directly to your account
  • ✓60% industrial metal: since 2021, total demand has exceeded supply every year — structurally and persistently — a historic turning point
Three locations · Physical · Outside the EU

Legally secure storage —
outside the EU,
outside the banking system.

Not as an ETF, not as a certificate, not as a promise on paper. Your metal is physically stored in your name — in countries outside the reach of European regulation. Each location has its own strengths.

🇨🇭
Location 1

Switzerland

Independent since 1291 · Outside the EU · Principle of neutrality
  • Savings plan from €50/month
  • One-time investment from €500
  • Physically stored in the state customs free warehouse — not a private company
  • Swiss law — outside EU access and EU regulation
  • Tradable at any time, proceeds in valid currency directly to your account
  • Physical delivery possible at any time
Switzerland has been politically neutral for more than 700 years and is not an EU member. No other country offers this combination of stability, legal security and independence.
🇱🇮
Location 2

Liechtenstein

Among the strictest financial market regulation worldwide · Outside the EU
  • One-time investment from €5,000
  • Physically deposited — registered in your name
  • Among the strictest financial market regulation worldwide — investment fund protection
  • Outside EU law and EU regulation
  • Institutional security standards
  • Physical delivery possible at any time
Liechtenstein is known for one of the strictest and cleanest financial market regulations in the world — and is not an EU member. Ideal for larger one-time investments with maximum protection.
🇨🇦
Location 3

Canada

Maximum diversification · Outside the EU & Switzerland
  • Savings plan from €50/month
  • One-time investment from €2,500
  • Custody in your name — your metal, your box, your name
  • Personally allocated — no pooled inventory
  • Outside the EU and Switzerland — maximum geographic diversification
  • Physical delivery possible at any time
Anyone who truly wants to diversify stores not only outside the EU, but also outside Europe. Canada offers rule-of-law security on another continent.
Goldbarren Silberbarren

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No sales pressure. Real information. We show you which location and denomination fit your situation — and how to start most efficiently.

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