In a volatile macroeconomic environment, some CFOs and treasurers are revisiting the role of precious metals — particularly allocated gold — alongside cash, commercial paper and government bonds. Recent banking and inflation episodes have prompted many to look again at how reserves are held.
Gold’s Historical Role
Historically, gold has often moved differently from equities, bonds and currencies, particularly during periods of geopolitical risk or economic instability. That relationship is not constant, however, and gold’s price can fall, sometimes sharply.
Unlike synthetic exposure through ETFs or futures, allocated gold is a claim on specific physical bars. With EONA, your holding is recorded against specific bar serial numbers and separately from EONA’s own assets.
From Cash Reserves to Real Assets
Companies that hold part of their reserves in gold usually do so to diversify away from a single currency. Gold pays no interest, and its value in any currency can go up or down.
Over long periods gold has held its value against many currencies, but past performance is not a reliable guide to the future. How much, if any, a company holds is a decision for its board and advisers — EONA sells physical precious metals on an execution-only basis and does not give investment advice.
Regulatory, Tax, and Accounting Considerations
In most jurisdictions, physical gold is treated as a tangible asset, with varying implications for accounting, tax and capital gains. It's important to align any gold holding with local regulations, IFRS/GAAP standards and internal treasury policies. EONA’s records and documentation can support corporate governance and audit work.
All metal bought through EONA is stored with Loomis in Dubai. Zurich and Singapore are planned locations (coming soon) and are not currently available.
How EONA Works for Corporates
EONA gives companies access to allocated physical gold and silver through an online account. Corporates can:
- Buy at the international spot price plus a premium, with a commission (see our Fees & Spread page)
- Store metal with Loomis, an independent vault operator, in Dubai
- Access records of holdings and transactions for compliance and audit purposes
- See the specific bars their holding is recorded against
- Sell back to EONA, with proceeds paid to the company’s verified bank account
EONA does not currently offer delivery or collection of physical metal, and does not give investment or treasury advice.