Access to, and the use of this website is subject to the following terms and conditions. By using this website and/or registering his details in the registration area, the user declares that he agrees to the following:


This website and the content provided are intended for personal, non-commercial use only and are aimed exclusively at recipients to whom the content provided may be sent. This website is not aimed at individuals, or legal entities from countries in which the use and retention of the contents of this website are prohibited; in particular the content of this website is not intended for the USA. If individuals or legal entities are subject to restrictions on the use of this website, whether because of their place of residence, the country in which their company was set up or has its registered offices, or for other reasons, they are not permitted to call up or use the contents of this website. Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen requests that users acquaint themselves, and comply, with the existing restrictions on use, in advance.

Content not intended as advice

The content provided on this website is intended for general information only, and, in particular, does not constitute a recommendation of a transaction, a public offer, a solicitation of an offer to purchase, sell or subscribe to financial instruments or shares in assets sub-pools, nor is it a financial analysis. The use of this website, including the content provided, does not form the basis of any individual consulting relationship with Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen, and Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen also does not act in any fiduciary capacity with regard to any possible investment on the part of the user. This website takes into account neither the specific investment objectives, nor the financial circumstances or special requirements of the user. Depending on the investment objectives, investment period or the individual financial situation of the individual user, the content of this website and the financial products presented may be wholly or partially unsuitable. An investment decision relating the financial products shown should be only be made on the basis of the relevant sales documentation, and following prior consultation with an independent financial, investment or tax adviser, not on the basis of this website.

Website content/limitation of liability

Unless otherwise explicitly stated, the design and content of this website are the property of Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen. The content of this website has been compiled with the greatest care. However, Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen does not provide any assurances, guarantees or warranties with regard to the accuracy, completeness, correctness or up-to-dateness of the content, and accepts no liability, regardless of the legal basis, for losses, direct or indirect damages or consequential damages, which may arise as a result of accessing this website or making use of the content provided. Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen expressly reserves the right to alter or delete, wholly or partially, the contents of this website at any time, as well as to temporarily or permanently cease to provide the said contents, without prior notice.
Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen accepts no liability regarding the continuous and uninterrupted availability of this website, its format or for errors or delays in transmitting the contents of this website. The user himself bears the costs and risks associated with accessing the World Wide Web (www), as well as those associated with accessing this website. The same applies to the technical equipment required for this purpose. It is recommended that the user take appropriate safety precautions and installs virus scanners for his own protection and in order to prevent the transmission of viruses to his computer system. The user is solely responsible for any damage to his technical equipment or computer system, as well as for the loss of any data, resulting from the use of this website.
The use of this website and registration in the registration area are exclusively and expressly at the user’s own risk. After registering in the registration area, the user receives his login details, including a password (“login details”), to enable him to register for access to the password-protected area of the website. The user himself is solely responsible for maintaining the confidentiality of his login details. The user shall ensure that his login details are not made accessible to third parties. The user is solely responsible for all actions performed in the password-protected area using his login details. The user releases Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen from any liability, and shall provide compensation for all damage and losses incurred as a result of the use or abuse of his login details. The user undertakes to immediately inform Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen in writing, by E.mail to info(at)varengold-invest.com, of any unauthorised use of his login details.

Security guidelines/encryption

When transferring data via the internet (for example, in the case of communication by E.mail), there is no guarantee that such a transmission is 100% secure. Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen transfers your data from the personal login area by means of SSL encryption, thereby providing a high level of security.

Data protection – registration

Where there is the option to enter personal details on this website, such as, for example, name, telephone number or E.mail address, etc. (“details”), this data is entered by the user on an expressly voluntary basis and with his full knowledge. Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen is permitted to store, process and use the data entered by the user for market research purposes. The user shall be entitled to withdraw his consent for his details to be stored, processed and used at any time in the future. Withdrawal of consent should be addressed to: Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen, Große Elbstraße 27, 22767 Hamburg, Germany. Consent can also be withdrawn by sending an E.mail to the following address: info(at)varengold-invest.com. Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen would like to point out that by withdrawing his consent, the user will, in some cases, no longer be entitled to use certain services. In addition, at the request of the user, Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen will notify the user of the stored data relating to him. At the request of the user, notification may also be sent electronically. Requests for information should be sent to the aforementioned address. In the event that the user provides incomplete or false information in the registration area, Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen accepts no liability for the accuracy of the data.

Data protection – Google Analytics

This website uses Google Analytics, a web analysis service provided by Google Inc. (“Google”). Google Analytics uses so-called “cookies”, text files which are stored on your computer, enabling use of the website to be analysed. The information generated by the cookie regarding your use of this website (including your IP address) is then transferred to a Google server in the USA, where it is stored. Google will use this information to analyse your use of the website in order to compile reports on the website activity on behalf of the website operator, and in order to provide additional services connected to the use of the website and use of the internet. Google may also, if necessary, forward this information to third parties, insofar as this is a legal requirement, or in the event that third parties have been commissioned with the processing of this data on behalf of Google. Google will, under no circumstances, associate your IP address with other data held by Google. You can prevent cookies from being installed on your computer by setting your browser software accordingly. However, we would like to point out that this may result in you not being able to make full use of all of the functions available on this website. By using this website, you declare that you give your consent for the data collected about you to be processed by Google in the aforementioned manner, and for the purpose indicated above.


Cookies are textual information placed by your internet browser on your computer’s hard drive. Every time you visit this website, so-called session cookies are set, which then expire when you restart your internet browser.

Links/external links

A link to the Varengold Group websites may only be established following the obtaining of the prior written consent of the Varengold Group. The same applies to the display and integration of contents from this website into third-party websites.
This website contains links to third-party websites (“external links”). External links are provided for information purposes, and are not to be construed as a recommendation of such websites or the contents provided therein. The contents of external links are subject to the influence, and governed by the liability, of the respective operators. When establishing the first connection to the external links, Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen verified the third party contents to make sure that no breaches of law had occurred. No illegal contents could be identified at that time on the pages to be linked. In the absence of concrete evidence of legal breaches, continuous monitoring of the external links is unreasonable from Varengold Investmentaktiengesellschaft's point of view. However, in the event that Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen becomes aware of legal breaches, such external links will be deleted immediately.


The design and all of the contents of this website are subject to copyright and trademark rights, as well as to other property rights not specified here. The user is not permitted, without the prior written consent of Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen, to amend or alter, or in any way reproduce, distribute or use the contents provided on this website for the purposes of communicating or selling to the public, or to compile, publish, distribute or sell secondary works originating from the information provided on this website. However, it is permitted to produce a single copy, exclusively for personal, non-commercial use, by downloading it onto a single computer (including long-term or temporary storage on that computer, displaying the contents in offline mode, and the production of a hard copy of parts of the content). This is, however, subject to the precondition that this website and the content provided in it are not altered, and that all references to copyright and trademark rights, or to other property rights not specified here, are also shown on the copies produced, or , in the case of extracts, a corresponding reference is added. All other actions, including the use of trademarks and logos, require the prior written consent of Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen.

Note on assets sub-pools

All assets sub-pools are separate, as regards property rights and liability law, from the residual assets sub-pool operated by Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen. All assets sub-pools are deemed by the shareholders among themselves to be independent special purpose funds. The rights of shareholders and creditors of an assets sub-pool are restricted to the assets contained in that assets sub-pool. The assets sub-pool concerned is only liable for the liabilities incurred in connection with that individual assets sub-pool. The separation of the individual assets sub-pools as regards property rights and legal liability also applies in the event that Varengold Investmentaktiengesellschaft mit Teilgesellschaftsvermögen becomes insolvent, or an assets sub-pool is wound up.

Validity/applicable law

Should one of the provisions of these terms and conditions be invalid, illegal or non-enforceable, regardless of the reason, this shall not affect the validity of the remaining provisions. The aforementioned terms and conditions and considerations are subject to the laws of the Federal Republic of Germany.