Conditions for the Purchase of Investment Gold

The final buyback price is determined only after physical receipt of the product and after verification of its authenticity, condition, weight, fineness, origin and marketability, and after any AML/KYC requirements have been met.

1. Introductory information

1.1 Buyback of investment gold

Baumann Group a.s. (GOLDU®) offers the buyback of investment gold on transparent terms. The buyback applies in particular to investment gold bars and investment gold coins.

1.2 Buyback prices

Current buyback prices for gold bars, investment gold coins and other selected products may be shown with the individual products on the website of Baumann Group a.s. (GOLDU®). Buyback prices change continuously in response to developments on world markets, the current price of gold and the availability of specific products.

1.3 Individual price quotation

If no buyback price is shown for a specific product, Baumann Group a.s. (GOLDU®) will prepare an individual price quotation based on the product type, its condition, origin, fineness, weight and the current market situation.

1.4 Details that speed up processing of your enquiry

To speed up the processing of your enquiry, we recommend providing in particular:

• the refinery or mint,
• the weight,
• the fineness,
• the product type,
• the number of items,
• information about the packaging, certificate or serial number, if available.

Attached photographs of the product, its packaging and any certificate can make the assessment faster and more accurate.

2. Buyback conditions

2.1 Products purchased

Baumann Group a.s. (GOLDU®) purchases in particular original, complete and undamaged investment products. These are primarily investment gold bars and investment gold coins.

2.2 Damaged product

A product is considered damaged in particular where there is:

• a cracked or broken casing,
• significantly damaged packaging,
• a suspicion of interference with the protective packaging,
• mechanical, chemical or other damage to the product,
• a condition that does not meet the usual standard for the safe buyback of investment gold.

Damage to the product, incomplete packaging, a missing certificate, damaged protective packaging or other defects may affect the buyback price or the possibility of buyback altogether.

2.3 Certificate and accompanying documents

Where a certificate of authenticity, an assay card or another accompanying document has been issued for the product, Baumann Group a.s. (GOLDU®) is entitled to require it to be submitted together with the product. Failure to submit a certificate, assay card or other accompanying document may affect the assessment of the product, its marketability, the buyback price or the possibility of buyback.

2.4 Products that Baumann Group a.s. (GOLDU®) generally does not purchase

Baumann Group a.s. (GOLDU®) generally does not purchase:

• jewellery,
• technical gold,
• scrap gold,
• investment silver,
• industrial materials containing precious metals,
• products of unclear origin,
• products where there are doubts about authenticity or fineness,
• products whose origin, condition or ownership cannot be safely verified.

2.5 Right to refuse a buyback

Baumann Group a.s. is entitled to refuse the buyback of a product where reasonable doubts arise as to its:

• authenticity,
• origin,
• fineness,
• condition,
• weight,
• ownership,
• marketability,
• or other decisive parameters.

2.6 Ownership of the product

The seller is responsible for being the lawful owner of the product offered and for the product not being encumbered by third-party rights. The seller is further responsible for the truthfulness, completeness and accuracy of all information and documents provided to Baumann Group a.s. (GOLDU®) in connection with the buyback.

2.7 Proof of origin and ownership

Baumann Group a.s. is entitled to require proof of title of acquisition, tax documents or other documents evidencing ownership and origin of the product. Failure to submit the required documents may be grounds for refusing the buyback.

3. In-person buyback of investment gold

3.1 Prior arrangement

An in-person buyback is possible only by prior arrangement with Baumann Group a.s. (GOLDU®).

3.2 Place of the in-person buyback

The in-person buyback takes place at the following address (identical with the seller's registered office):

• Baumann Group a.s. (GOLDU®)
• BETA building – Brumlovka
• Vyskočilova 1481/4, 140 00 Prague 4, Czech Republic

3.3 Arranging an appointment

An appointment for an in-person buyback can be arranged by e-mail at info@goldu.eu or by telephone on +420 601 359 200; for further options see Contact.

3.4 Inspection of the product

During an in-person buyback, Baumann Group a.s. (GOLDU®) verifies in particular the authenticity, condition, weight, fineness, origin and basic parameters of the product offered.

3.5 Determining the buyback price

The buyback price is determined in particular by:

• the current market value of gold,
• the product type,
• weight and fineness,
• the manufacturer, refinery or mint,
• the origin of the product,
• the condition of the product and its packaging,
• the result of the authenticity check,
• the current marketability of the product,
• the current market situation.

3.6 Payment of the buyback price

Once the buyback price has been agreed, the amount may be paid:

• in cash,
• or by bank transfer to a bank account held in the seller's name,

always in accordance with applicable legislation, AML/KYC obligations and the agreement of the parties. The tax treatment of the buyback is governed by applicable legislation and may differ according to the type of product, the status of the seller and the nature of the transaction.

3.7 CCTV monitoring

The entire in-person buyback process takes place under CCTV monitoring with recording, for reasons of security, protection of property and persons, and prevention of disputes. Further information on the processing of personal data is set out in the Privacy Policy (GDPR).

4. Formation of the contract, non-binding enquiry and absence of legal entitlement

4.1 Non-binding enquiry

Submitting the form, sending an e-mail or any other preliminary communication does not give rise to a purchase contract between the parties, nor to any obligation on the part of Baumann Group a.s. (GOLDU®) to carry out the buyback.

4.2 Nature of the enquiry

By submitting an enquiry, the seller merely sends a non-binding request for assessment of whether a buyback is possible.

4.3 Formation of the buyback contract

The buyback contract is formed only after:

• verification of the product,
• confirmation of the buyback price by Baumann Group a.s. (GOLDU®),
• acceptance of the buyback price by the seller,
• fulfilment of any AML/KYC requirements,
• fulfilment of any further statutory or security conditions.

4.4 No legal entitlement to a buyback

There is no legal entitlement to a buyback of a product by Baumann Group a.s. (GOLDU®). Baumann Group a.s. (GOLDU®) assesses each product offered individually according to its type, condition, origin, authenticity, weight, fineness, marketability, the current market situation and the result of AML/KYC checks.

5. AML/KYC and cooperation of the seller

5.1 Customer identification and due diligence

Baumann Group a.s. is entitled, before carrying out a buyback, to require identification of the seller, further due diligence and cooperation to the extent required by law, in particular in the area of AML/KYC. Details are set out in the document AML Act and customer identification.

5.2 Inability to meet statutory obligations

If it is not possible to meet statutory obligations, verify the origin of the product or confirm the declared parameters, Baumann Group a.s. (GOLDU®) is entitled not to carry out the buyback.

5.3 Refusal of a buyback

Baumann Group a.s. (GOLDU®) is also entitled to refuse a buyback where carrying it out would conflict with:

• legislation,
• sanctions legislation,
• a sanctions risk or suspicion of a link to a sanctioned person or entity,
• the internal rules of the company,
• the security requirements of the company,
• the risk management rules of the company.

5.4 Proof of the origin of the product

Baumann Group a.s. (GOLDU®) is entitled to require information and documents evidencing the origin of the product purchased, ownership of the product, or authorisation to dispose of it.

5.5 PEPs, sanctions lists and further checks

In justified cases, the customer may be screened against databases of politically exposed persons, sanctions lists and other databases used to meet AML obligations.

5.6 Limits on disclosing the reason for refusal

Baumann Group a.s. (GOLDU®) is also entitled to refuse a buyback where disclosing the specific reason could conflict with legislation, AML obligations, security rules or the company's internal risk management. In some cases the company may not be entitled to inform the seller of the specific reason for refusal or for its further course of action, where doing so could breach legislation or obligations in the area of AML.

6. Important notices

6.1 Unannounced shipments

The seller should not send any goods without prior agreement with Baumann Group a.s. (GOLDU®).

6.2 Liability for unannounced shipments

Baumann Group a.s. accepts no liability for unannounced shipments to the extent permitted by law.

6.3 Individual buyback conditions

These conditions set out the basic framework for the buyback of investment gold. Specific buyback conditions may differ according to:

• the product type,
• its condition,
• its origin,
• its marketability,
• the result of verification,
• the current market situation,
• the fulfilment of statutory or security requirements.

6.4 Changes in buyback prices

Investment gold is subject to price movements on world markets. Buyback prices may change continuously depending on the current situation on the gold market.

6.5 Investment and market risk

The price of gold may fluctuate over time. Past price performance is no guarantee of future performance. The information provided on the website of Baumann Group a.s. (GOLDU®) does not constitute investment advice or an investment recommendation.

7. Related documents

These buyback conditions form part of the contractual and information framework of Baumann Group a.s. and the GOLDU® brand. The related documents are in particular:

• General Terms and Conditions,
• AML Act and customer identification,
• Privacy Policy (GDPR),
• Delivery and Payment Terms,
• Risk Disclosure and Nature of Information Provided.

8. Final provisions

8.1 Governing law and language

These buyback conditions are governed by the laws of the Czech Republic. The governing language of this document is Czech; in the event of any discrepancy between language versions, the Czech version prevails.

8.2 Updates to the conditions

Baumann Group a.s. reserves the right to update or amend these conditions at any time.

8.3 Current version

The current version of these conditions is always published on the website of Baumann Group a.s. (GOLDU®).

8.4 Effective date

These buyback conditions take effect on 1 July 2026.

9. Company details

Baumann Group a.s. (GOLDU®)

• Registered office: Vyskočilova 1481/4, 140 00 Prague 4, Czech Republic
• Company ID: 22263284
• VAT ID: CZ22263284
• Commercial Register entry: Municipal Court in Prague, Section B, Insert 29197
• Czech Assay Office – registration number: 15961
• Web: www.goldu.cz
• Data box: xtps2mn
• E-mail: info@goldu.eu
• Phone: +420 601 359 200