In traditional precious metals markets, pricing can be hard to follow. Markups are built into spreads, storage costs can be bundled, and execution can be imprecise — especially when brokers act as both market-maker and counterparty. For institutions, that lack of clarity is a risk.
Transparent pricing means the price basis, spread and fees are disclosed in advance and every order is recorded. That supports fiduciary duty and internal accountability.
Why Transparency Matters
When managing money on behalf of others, institutions need traceable, auditable records for every transaction. Some legacy bullion arrangements rely on phone-based trading, delayed confirmations or unclear pricing.
Institutions require:
- A clear price basis (so you know what the price is based on)
- Full fee visibility (clear distinction between metal price, spread, commission and storage)
- Order confirmation with timestamped records
- Counterparty clarity (knowing exactly who holds the metal and on what terms)
Without these, even small price differences can cause reconciliation problems.
How EONA Prices
EONA uses a simple, published pricing method:
- Spot Price: Prices are based on the international spot price from a professional market-data provider, refreshed approximately every 10 to 15 minutes.
- Premium to Spot: Purchases at the spot price plus a premium, sales at the spot price minus a discount.
- Commission: 1.00% on each purchase and sale, shown before you confirm.
- Storage: 0.50% per year for gold and 1.00% per year for silver, plus 5% VAT. See our Fees & Spread page.
The price that applies is the one shown on the platform when you confirm your order, and each order is recorded with its price, quantity, costs and time.
Implications for Fiduciary Oversight
Institutional mandates often require clarity on how money is used. Hidden spreads or vague custody structures can create risk or raise audit questions.
Transparent pricing supports:
- Audit readiness
- Internal and external reporting
- Cost monitoring
- Improved internal accountability
For many institutions, it is also a governance requirement.