You can buy or sell precious metals in a few simple steps within the Hugosave app.
For example, If gold is the precious metal chosen for trading:
- Navigate to the Hugosave vaults by clicking the vault icon in the footer menu
- Click the "Trade Gold" button
- Select either "Buy Gold" or "Sell Gold" from the top of the Trade Gold screen
Enter the amount you wish to buy or sell (the live price will show you the cost per unit weight)
Click "Next" - Review the "Preview" screen - you get a few seconds to confirm the trade before the quote expires
Your trade is now executed! - Bear in mind that as we trade precious metals with the live market, you can only trade during market open hours.
For sales, the precious metals get sold instantly to the market and the cash from the sale gets received from the market in two business days on a T+2 market settlement. The proceeds get deposited into your Save Account. We will always make the settlement date clear and the transaction status will change from "Pending Settlement" to "Settled", once complete.