Buying gold bullion is no more difficult than buying any other items in the store. However, as with any other thing, there are various nuances of this operation.
In Russia, gold bullion officially began to be sold relatively recently, in 1997. It was this year that the Central Bank of the Russian Federation approved the rules of transactions for the sale of precious metal bullions by resolution N 772. Sberbank was one of the first to receive a license to conduct transactions with precious metals. For 2014, more than two hundred banks in Russia have this license, however, the vast majority of transactions with precious metals, in particular, with gold bullion, occur in Sberbank. Does it make sense to look at other banks when buying gold bullion? What features should be considered when purchasing precious metals? What is the procedure, what documents are needed and what are you required to give out upon purchase? We will try to answer these and other questions in this article.
VAT on precious metal bullion
Gold bullion has all the advantages of investing in physical gold. The main drawback of investing in gold bullion in Russia is the mandatory payment of VAT (value added tax). And, despite the fact that the definition contains the phrase “value added”, the tax is paid on the whole value. VAT on bars is charged on a par with ordinary goods and services to which these bars are equal. It is interesting that this tax does not apply to coins made of precious metals in accordance with paragraph 11 of paragraph 2 of Article 149 of the Tax Code of the Russian Federation. The cost of a precious metal ingot consists of the price for this precious metal taken at the exchange rate, a bank premium and 18% VAT. Thus, when buying gold bullion, you immediately lose 18% of its value in addition to the spread (the difference in purchase and sale rates). This is a rather serious obstacle for everyone who wants to invest their money in bullion from precious metals, so this option is less common in our country.
Is it possible to avoid VAT when buying gold bullion?
There are two options to avoid VAT, and they all have their drawbacks. We will not give advice to use one way or another, as in our opinion, the disadvantages outweigh the dignity of owning physical gold. However, it is obvious that the situation is different for everyone, and one of the methods presented below may be suitable for someone.
- Acquisition of gold bullion with their subsequent storage on metal accounts of custody of Sberbank. The account data is not a compulsory medical insurance, as it might seem at first, however, de facto these accounts are not much different from them, since you still do not see physical gold.
- Buying gold bullion abroad. In most countries, a tax on the purchase of gold bullion is not levied, and it would seem that this is an excellent way out of the situation. This is only partly true, the main problems are customs at the border and the difficulty of selling gold bars bought in other countries.
There is another scheme for acquiring gold bullion without VAT, however, firstly, for its implementation, you must be a jeweler (individual entrepreneur or legal entity with special permission from the Assay Chamber of the Russian Federation), and secondly, its legality is disputed in the courts. More details here and here.
Who can buy and sell gold bullion?
Unlike coins made of precious metals, the law of the Russian Federation prohibits the purchase and sale of gold bullion between individuals. Of course, there is a loophole in the form of mutual endowment - the seller of the bullion “presented” the bullion to the buyer, and the buyer “gifted” the seller a certain amount of money. In the event of such one-time operations, you are unlikely to be interested, but do not forget that when buying a bar of gold from a stranger, the risk of being cheated increases greatly. Certificates, checks, and the ingot itself can be faked, and in case of fraud the law will not help you, because you, having bought the ingot “by hand”, have already violated it. In fact, the gold bullion market between individuals is a black market where laws do not apply. We strongly advise against such transactions.
Thus, an individual can conduct operations with bullion only if his counterparty is an individual entrepreneur or a legal entity carrying out operations with precious metals, which must have a certificate of special registration with the state inspection of assay supervision of the Assay Chamber of the Russian Federation. There is no reason to doubt the availability of such documents at banks engaged in the sale and purchase of precious metals, as they are regularly checked. But to ask such a certificate from jewelers or pawnshops during operations with gold will be most welcome.
Where is the best way to buy gold bullion?
Despite the relatively high commission of Sberbank, we recommend buying gold bars from this bank. Considering that you will have to pay 18% tax in any case, an additional 1-3% commission will not greatly affect the final price. The advantages of this option more than block the unnecessarily high commission. An ingot bought at Sberbank is more likely to be sold at any other bank. At the same time, an ingot bought at another bank will be more difficult to sell at Sberbank. It often happens that small banks selling gold bullion do not buy them back. Thus, the purchase and sale of gold bullion in Sberbank is a more liquid option than in other organizations. Given the huge tax, buying bullion makes sense only for a long time, at the end of which it would be nice to be able to sell this bullion. Sberbank is a state bank, as well as the largest bank in Russia, and it has the most chances to stay alive after serious economic disasters.
How to buy gold bars in Sberbank
To get started, you need to find out the address of the nearest Sberbank branch conducting operations with precious metals. As a rule, these are the central offices of large cities or district centers. It would also be nice at the same time to find out the addresses of Sberbank branches that buy precious metals from the population. It happens that the department only sells gold, but does not buy back. Pre-call the department found and clarify whether they have available bullion of the desired weight. In the case of a positive answer, you need to bring along a passport (or other identification document) and money (or a plastic card on which there is the necessary amount). Ingot 10g gold 999 and its certificate
You will be given a gold bar in a plastic container. It can be opened, but it is recommended to do this as little as possible, because each "feeling" of soft yellow metal will affect its appearance. If the damage is quite severe - scratches, dents, color changes - during the sale you will be offered a discount price for such an ingot. In addition to the bullion itself, you will be given a certificate confirming, firstly, the fact of purchase (this is in addition to the check), secondly, the authenticity of gold, and thirdly, its test. Compliance of the certificate and the ingot is carried out through its number. On the certificate it is indicated in the header (the number is smeared on the photo), on the bullion the license plate is engraved on the front side. In addition to the number, there should be the name of the metal (gold), the country in which this ingot was cast (Russia), the mass fraction of gold in samples (999.9), the nominal mass of the ingot in grams (10 grams) and the trademark of the manufacturer.
Separately, it should be said about the certificate. It should be stored no less carefully than the ingot itself. Loss of the certificate is almost guaranteed to lead to the refusal of the buyback of the gold bar by the bank. Of course, it can still be sold, but only at a pawnshop and at the price of scrap. Problems with the implementation of the ingot can be obtained if the certificate is in poor condition - torn, it will contain extraneous inscriptions, stains, stains. In this case, the ingot is recognized as satisfactory (and not excellent) quality, the price of which will be lower.
Benefits of Investing in Precious Metal Ingots
The opportunity to invest in gold bullion has appeared relatively recently for Russian citizens - since the late 90s of the last century. In 1997, the Central Bank of the Russian Federation adopted Resolution No. 772, which regulates the purchase and sale of precious metals ingots and the licensing procedure for organizations wishing to engage in such transactions.
Since then, investments in gold have been confidently existing in the domestic financial market and have enjoyed stable popularity. There are several reasons for this:
- due to its natural character, precious metal bullion is not subject to inflation,
- gold is resistant to physical influences and does not lose its properties,
- it is convenient to store and transport bullion in bank packaging,
- gold has a stable popularity in the market, so there are no problems with its implementation.
Important! A gold bullion purchased from a bank can be a good present for a wedding, childbirth or anniversary. It is not forbidden to give these items, however, the gift must be accompanied by a bank certificate confirming the authenticity of the precious metal.
Where to buy gold bullion
One of the first organizations to obtain a license for transactions with precious metal bullions was Sberbank. And, despite the fact that today more than two hundred banking organizations have received the right to sell gold bullion to the population, Sberbank remains the leader in this niche. Perhaps his offers are not the most profitable in the market. However, in this case, one should pay attention not to the level of estimated income, but to the reliability of the financial organization.
Important! Gold bars purchased from Sberbank can be sold at any other bank in the Russian Federation. Gold purchased from other commercial banks can most often be sold only to them.
In addition to Sberbank, the following financial organizations consider official ratings to be rather reliable sellers:
- VTB24 Bank,
- Alfa Bank,
- Bank of Moscow,
- Bank of St. Petersburg,
Important! Buying gold bars from your hands is against the law. In addition, buying precious metals on the black market, you run the risk of getting a fake. To maintain the purity of the transaction and protect your funds, contact only financial institutions licensed for this type of transaction.
Who has the right to make transactions with gold bars
The legislation of the Russian Federation allows for the sale of precious metals in the idea of coins or finished products between individuals. However for bullion transactions this permission does not apply. Their sale and purchase will be considered legal only if one of the parties to the transaction is a legal entity registered in the Assay Chamber of the Russian Federation and having a certificate confirming this fact. An individual entrepreneur may also act as a legal entity. The main thing is that he has the relevant documents.
Important! If you intend to purchase a gold bar from a bank, you don’t need to worry about an accounting certificate. But deciding to make a similar purchase at a pawnshop or from a private jeweler, be sure to check with them for a certificate from the Assay Office.
So, one of the counterparties of transactions with precious metals in bullion must be a legal entity. There are no requirements to the other side - this can be any adult citizen of the Russian Federation who has the necessary amount for the purchase. By the way, donation of ingots and documents confirming their authenticity between citizens is not prohibited by law. But disguising the sale in this way is already an offense. So, it’s not worth abusing such actions.
Types of Gold Bars
All gold bullion sold by financial institutions is produced in Russia. Deliveries of these products from abroad are meaningless - too high duties will have to be paid when imported into the country, and the cost of gold for the final consumer will become simply sky-high.
In our country, the production of ingots is regulated by GOST R 51572-2000, whose standards fully comply with international requirements for the quality of these products London good delivery. This document defines the following product specifications:
- ingots can be cast and stamped,
- the weight of measured ingots can vary from 1 gram to 1 kg,
- the following product weights are allowed - 1, 5, 10, 20, 50, 100, 250, 500 and 1000 grams,
- the sample of gold should be 999.9,
- on the surface of the products there should be no cracks, burrs, greasy coating, inclusions of slag and other defects,
- ingots may have a slightly concave shape,
- the front side of the product must be labeled with "Russia" and "Gold", indicating the weight of the precious metal, as well as the trademark of the manufacturer.
Important! You can distinguish a stamped ingot from a cast one by the presence of a small edging on the side surfaces. In addition, these products are usually available in weight up to 500 grams.
How is the value of gold bullion determined?
The price of a gold bullion can is set in accordance with its weight. Moreover, there is the following trend - the heavier the ingot, the lower the cost of its gram. It seems to be more profitable for the buyer to purchase larger products. But it is worth considering that subsequently selling a large weight bar may be more difficult than a few small ones. Not all banks are interested in the repurchase of expensive gold products.
In addition to the cost of the metal itself, the premium of the bank and value added tax are included in the price of the ingot. All financial institutions set premiums at their discretion. This explains the differences in the cost of gold among different sellers.
As for the tax, it is 18% and is levied in transactions with precious metals bullion in the legislative order. Interestingly, this rule does not apply to coins and other gold products. Therefore, if you want to invest your money in precious metals, but the need to pay VAT for some reason does not suit you, you can switch from bullion to coins. In addition, there are a couple more ways to avoid tax. You may find them more convenient.
How to avoid VAT when buying gold in a bank
If we are talking about bars, there are two options for not paying VAT when buying them:
- to issue safe custody of the ingots in the bank,
- make a purchase abroad.
In the first case, when you purchase an ingot, you open a special custody account with the bank, to which your purchase is credited. In this case, the bullion is not handed out, it remains on the territory of the bank. You will not be paid interest on such an account; on the contrary, you will have to regularly pay for the storage of your purchase. But this amount will in any case be less than VAT.
To open an account for safekeeping, you only need a passport. Upon execution, an agreement will be concluded with you, where, among other things, they will indicate the number of the bar you leave and all its other characteristics. You can pick up gold from the bank at any time.
Important! Some banks do not accept for safekeeping bullion that was not purchased from them.
The second option for tax evasion is the purchase of precious metal bullion abroad. Some countries do not tax such acquisitions. Which ones, it is better to clarify immediately before the decision to purchase, since tax rules are constantly changing. In this case, in Russia you do not have to pay any tax fees. But this scheme has disadvantages:
- there may be problems with customs,
- when importing an ingot into the Russian Federation you will have to pay a fee,
- selling gold from foreign producers in our country can be problematic.
The purchase of gold bullion without VAT in Russia is available to jewelers who officially formalize their activities and have the permission of the Assay Chamber. But this transaction can be challenged in court, which happens quite often.
Where is better to buy gold bars
As mentioned above, today in the Russian Federation more than 200 banking organizations sell bullion of precious metals. But most buyers who regard the acquisition of gold as a long-term investment, prefer to contact Sberbank. Despite the high commission, this option remains the most profitable for the following reasons:
- bars bought in Sber are easier to sell,
- many small banks don’t buy back the gold purchased from them,
- Sberbank is the largest bank in the Russian Federation, which guarantees its long-term operation.
In terms of liquidity, transactions with gold made with the participation of Sberbank are in first place.
How to buy gold in a bank
So, if you decide to make a purchase of a gold bar, first of all you need to decide on its place. After choosing the bank in which you intend to make an acquisition, call its hotline and specify the address of the branch making these operations.
Important! Talk about buying an ingot. Often the purchase and sale of measured gold involved in different branches of the same financial institution.
Then you should contact the right branch and check with your employee for the availability of bars of the weight you need. As a rule, there are always large volumes of products in banks. But small ingots diverge quickly enough, so they may not be on sale.
Для визита в банк возьмите с собой паспорт и необходимую для покупки сумму. Кстати, лучше при звонке в отделение уточнить, возможен ли безналичный расчет за такое приобретение, можно ли рассчитаться с карты другого банка (если вы не являетесь клиентом финансовой организации-продавца) и какой в этом случае будет комиссия за расчет.
В процессе покупки вам будет выдан сам слиток в индивидуальной упаковке и документ, подтверждающий его подлинность. It is better not to break the packaging of the ingot. As you remember, GOST on these products does not allow the presence of greasy plaque on them. And this will inevitably appear if you touch the metal, even with clean hands. In addition, opening the packaging on the ingot may cause other damage that will subsequently impede its sale.
Purchase of measured bullion is necessarily accompanied by the issuance of a certificate. This document shall indicate the number of the ingot, its sample, mass, country of origin and the trademark of the enterprise where the ingot was cast.
The certificate and check issued to you during the transaction are proof of purchase. These documents must be stored as carefully as the ingot itself. Subsequently, when you intend to sell gold, they will need to be presented to the buyer. If the certificate is lost, the bank may provide you with a repurchase of gold. In case of damage to this document, the bank has the right to lower the price when buying your gold, which, you see, is also unpleasant.
It is not possible to get a duplicate of a lost certificate. Although, if you made out a special account for storing your bullion in the same bank where you purchased it, you can try to do it. But keep in mind that this is, firstly, not a standard procedure, and secondly, most likely, it will be paid. Obtaining a duplicate of a certificate instead of a damaged one is practiced in a number of banks, but it is also a paid service.
Important! You can only sell a measured bullion without a certificate at a pawnshop or at a point of purchase of precious metals, at the price of ordinary gold scrap.
Buying precious metals
We recommend working with Sberbank. Why exactly him? This is the first financial institution that has received permission from the Central Bank of the Russian Federation to trade in precious metals. Reliability of the company is highly appreciated from year to year, it is trusted by the population and business. In Sberbak, the price is closest to the real quotes on the exchange. In addition, the organization is time-tested: the first office was opened in 1841. Sberbank branches are located in all regions of the country. Read the article: Investing in Precious Metals.
Do not expect quick income from buying gold bullion. Gold is a tool for long distance, its main task is to save capital in the event of cataclysms or global crises (let's not forget that gold rises in price during periods of instability). Let's move on to the main disadvantages of investing in gold:
- You will have to pay taxes on income. Now personal income tax is 13%.
- When buying, you need to pay 18% VAT.
- Banks use unprofitable courses for the purchase of precious metals. It will be impossible to sell the purchased gold and make a profit at first, even in case of growth of quotations.
- It is necessary to spend money on security (this can be a safe or rent a bank cell).
What are the ingots?
The classification of precious metal ingots is quite broad. The shape, purity, weight, size, manufacturer are different. To consider this issue, a whole article will be needed, so we will focus on ingots produced in Russia and smelted according to GOST R 51572-2000. In accordance with this standard, ingots are divided into cast and stamped.
You may think that the ingot is too small for its mass and this is normal. The fact is that gold is a metal with a very high density. Surely many dealt with lead. So gold is almost 2 times dense, and therefore heavier than a piece of lead of the same size.
A standard ingot with a mass of 1 thousand grams has a parallelepiped shape and dimensions 5x10x10, where the first value is the width, the second is the length, the third is the thickness.
Where do they sell gold bars
Let's analyze the example of Sberbank. The opportunity to purchase precious metals is available only in certain departments of the company. In order for the branch to conduct transactions with precious metals, it must be equipped as required by law. What is necessary:
- License to work with precious metals.
- High precision scales to be able to determine the mass of the ingot in place.
- Specialized storage for ingots.
- To work with precious metals, workers must have the appropriate qualifications.
You can find the full list of branches where you can buy precious metals on the Sberbank website at:
How to find out the price of a gold bar
The current value of precious metals can be found on the official website of the bank where you want to make a purchase. What affects the cost of precious metals:
- The rise in price of oil, gas or any particular precious metal.
- High demand.
- Military conflicts.
- The state of the world economy.
- The mass of the ingot. The more mass you buy bullion, the less you have to pay for 1 gram.
There are certain rules, the knowledge of which is necessary when buying gold. We give them:
- Any operations with precious metals should be carried out in the presence of the buyer.
- To purchase any bullion, you must present a passport or any other identification card. This is due to current legislation restricting the illicit trafficking of precious metals, the laundering of illicit funds and the financing of terrorism.
- A gold bar must be inspected and weighed. The data received must match the data specified in the certificate.
- Together with the bullion, a cash register report is transmitted, as well as the corresponding act. These documents indicate the name of the metal, its mass, sample and number. The document is supplemented by the total purchase price, unit price and transaction date.
The branch is obliged to issue an appropriate certificate. It is necessary to carefully store this document, because without it the bank will not redeem and will not accept bullion for storage.
It is important to know that Sberbank sells precious metals not only in the form of ingots, but also coins. The price of such coins grows annually depending on the volume of circulation and rarity.
How to sell a gold bar
Sooner or later, any investment in gold must be returned. Sberbank guarantees the repurchase of precious metals at the current rate. The quality, appearance of the ingot, as well as the integrity of the packaging and certificate are taken into account. Specialists will evaluate your ingot and assign it a quality category.
There are two types of condition of ingots:
An ingot is called satisfactoryon the surface of which there are dents, scratches or any other damage. In this case, the price will significantly decrease relative to excellent condition. It is important that the certificate is in good condition as well, since there will be problems with the damaged document when selling the bullion.
However, the bank is not the only place where a person can sell his precious metal.
Pawnshops or jewelers are also involved in foreclosure. In the case of a pawnshop, revenue will be much less than when working with a bank. In the second case, the jeweler can make any piece of jewelry from an ingot. Today, investing in precious metals is the most profitable investment. Despite the fact that the country has a difficult economic situation, gold is the most demanded metal in the world. If such a need arises, then you can sell it as soon as possible.
Gold can not be bought directly. It is enough to make a regular bank deposit, but it will not be in currency or rubles, but in grams of metal.
The contribution may be term or termless.
- In the first option, the storage period is regulated by the contract and interest is accrued to the depositor.
- In the second, there is no time limit, and interest is not charged.
As a rule, the interest rate on precious metals is not very high. Rates range from 0.2% to 5%. It is worth noting that the choice of a bank for such a contribution should be taken with the utmost care. The fact is that metal deposits have significant disadvantages, such as:
Metal accounts are not insured by a special program. That is, if the Central Bank revokes the license from the bank, you will not return the invested funds.
If you have owned precious metals for less than three years, then in case of income, you will have to pay personal income tax, which is now 13%.
1. Purchase of precious metal bullion
Sale of ingots in the Russian Federation is carried out in banks licensed to operate with precious metals. In domestic credit organizations you can buy a platinum ingot, a silver ingot, gold ingots, as well as palladium.
Let's say we want to buy gold bars. We put a checkmark in front of the "gold" column in the bullion section, the remaining windows are empty, and in the mass section - leave the value "all".
As a result, the portal gives us the price of gold in rubles per gram in all banks, it remains only to choose a suitable bank and go there for a metal bar.
Please note that the more the bullion weighs, the lower the price per gram. For example, if you buy a 1 gram gold bullion at the Bank of Moscow, the price will be 3,282.32 for 1 gram as of September 5, 2015, and if you buy a 5 gram bullion, the price of 1 gram gold will be 3,238.56.
After you decide on the bank where you want to buy the precious metal, be sure to contact him and specify in which particular branches it is possible to make a purchase.
However, when buying gold bullion, do not expect to get a quick income, physical gold is a long-term tool, the main function of which is to preserve savings during global crises and cataclysms (an ounce of gold just rises in price during instability).
The main disadvantages of investing in physical gold, platinum, silver and palladium:
You pay VAT upon purchase (+ 18% value added tax), in addition, banks set a fairly substantial spread compared to the quotations of precious metals on the exchange. So, for example, on September 2, 2015, a 1g bar in Sberbank was worth 3,341.00 rubles, and the official price of gold set by the Central Bank of the Russian Federation for that day was 2,399.17,
Banks set unprofitable purchase rates for precious metals. So, having bought an ingot on September 2, 2015 in Sberbank weighing 1 g for 3,341.00 rubles, you can sell it in the same Sberbank for only 2,263.00. In other words, you instantly lose 32%,
With income you have to pay 13% personal income tax,
Ingots require additional storage and security costs (for example, renting a bank cell),
But, on the other hand, bullion of precious metals is an excellent gift, and besides, they will never turn into dust like paper money during some kind of financial shock and hyperinflation (remember the collapse of the USSR). See article: “Purchase of precious metals 2015. Worth a look«.
2. Purchase of investment coins
These are coins from precious metals that do not represent any numismatic value, and are intended for investing money in precious metals. The price of a coin is determined mainly by the actual metal content in it, as well as the cost of minting and distribution. The Central Bank of the Russian Federation updates the quotation of investment coins every working day.
In Russia, investment are gold and silver coins of George the Victorious, Chervonets, Sable, and Sochi 2014.
Naturally, commercial banks set for themselves more favorable prices for investment coins in comparison with official quotes. I note that investment coins can be bought not only in banks, however, the purchase of precious metals in banks still causes more confidence.
The disadvantages of investment coins are the same as those of bullion, with the exception of VAT (when buying investment coins you do not pay VAT).
There are also collection coins from precious metals. However, when you purchase them you will need to pay VAT. In addition, when investing money in such precious coins, you will need to understand all the numismatic subtleties well.
3. Anonymous metal account
This is, in fact, an ordinary bank deposit, not only in rubles or currency, but in grams of metal. It can be urgent (for a certain period and with interest accrual) and unlimited (contribution without time limit, but also without interest accrual). The interest rate on metal accounts is usually not very high. The range of rates is from 0.2% to 5%. Here is a list of banks offering to open an urgent metal deposit:
In order to find out the quotes of depersonalized metal accounts in all banks, we will also use the gold.investfunds.ru portal.
Let's say we decided to open a metal account in platinum. We put a checkmark in front of this metal and start the search.
As you can see, the depersonalized metal account, for example, at Sberbank on 09/02/2015 offers us to buy 1 g of platinum for 2,337 rubles. (which is 8.63% higher than the official rate of the Central Bank of the Russian Federation), and we can sell our platinum to Sberbank for 2,027 rubles. (which is 5.78% lower than the official rate of the Bank of Russia). Of course, there is a fairly substantial spread (the difference between the purchase and sale price). However, platinum is still cheaper at Sberbank than we would have bought a platinum ingot from Sberbank (1 g costs 2,946 rubles).
After analyzing the tablet, it is easy to see that an anonymized metal account, for example, at Alfa Bank is much more profitable than at Sberbank.
True, it is worth noting that when choosing a bank to open an anonymized metal deposit, you need to be very careful, since metal deposits have quite significant drawbacks:
Metal accounts do not fall under the deposit insurance program (and if the license is withdrawn from the bank, DIA will not pay you anything). See article: “Banks that may be revoked» .
The rates of depersonalized metal accounts are not rigidly tied to the official exchange rate of the Central Bank of the Russian Federation, and an unstable bank can, in difficult times, simply significantly underestimate internal quotes for the purchase of metals,
In addition, if you receive income, if you have owned a precious metal for less than 3 years, then you will have to pay personal income tax (13% of profit),
Now let’s compare what is still the most profitable way to invest in precious metals using a bank. Suppose we buy a silver investment coin, silver bullion and open a depersonalized metal account in silver. (The prospects of such an investment can be found in the article: “Investing in silver: The opportunity to hit the big jackpot» )
At the time of buying ingot silver in Sberbank weighing 50 g as of September 2, 2015, 1 g of silver will cost 52.96 rubles. (we can sell the bullion at a price of 29.4),
Upon opening depersonalized metal account in Sberbank 1 g of silver will cost 33.3 rubles, and we can sell silver for 28.8,
Price for investment coin Sable (31.1 g) was not indicated in the state of Sberbank on September 2, 2015, but there is data for August 26, when a coin weighing 31.1 g cost 1,900 rubles (61.1 rubles per gram), and it could be sold for 800 rubles (25.73 rubles per gram). The price of silver 02.09 compared to 26.08 fell a bit, so slightly round and get the price of a coin 56.35 rubles. per gram, and sell for 23.73. The calculation is not entirely accurate, however, the visual picture still reflects,
Discount price silver of the Central Bank of the Russian Federation on 02.09.2015 is 30.84 rubles. per gram
As you can see, investing in precious metals with the help of a bank is not entirely attractive, because a credit institution, as an intermediary, takes too high commissions.
However, if you consider that the banking system of Russia will survive and your bank will not burn out, then an anonymized metal account is a pretty good way to invest money. Due to its mobility, compulsory medical insurance will allow you to earn on course jumps. Moreover, with the current ruble volatility (exchange rate fluctuations), the MMI spread is sometimes overcome in 1 day.
True, playing with currencies is easier with volatility. The only thing is that the MHI will come to your aid if the bank tells you that there is no currency, or if the bank simply established a draconian difference between buying and selling dollars or euros (as it was, for example, at the end of 2014 and the beginning of 2015). But the spread on mandatory medical insurance, for example, did not spread at Alfa Bank (as it was 60 rubles between the difference in buying and selling 1 g of gold, it remained).
Well and, of course, do not forget that you can still buy currency on the exchange with minimal spreads (see. "Professionals reveal cards: how to buy currency on the exchange» ).
There are other ways to invest in precious metals, for example, buying shares of gold mining companies, buying precious metals on the stock exchange or buying virtual gold from forex brokers. About this in the next article.
I hope my article was useful to you, write about all the clarifications and additions in the comments.
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