Most sane people fear for their financial future, so they try to save some of the money earned. The most famous and proven way is to put cash in some secluded place at home.
Depersonalized metal accounts
Although it has long been not uncommon when people invest money on deposit account to the bank that you trust. Since a financial institution after a calendar month accrues interest on a deposit, the amount in the account gradually increases. This is a very convenient way to store, because it provides security against thieves and inflation.
In times of economic instability and sharp jumps in exchange rates, financial institutions, most of which are branches of commercial banks, provide their customers with a service such as an anonymized metal account with Sberbank. In fact, such an account is very similar in analogy to foreign currency deposit but the main difference is that the amount of funds on it is not measured in securities, dollars or euros, but is equivalent to the value of the precious metal that the client chose. In almost any branch of the bank you can buy platinum, palladium or silver, but the most popular for many years remains gold. Anonymous metal account is expressed in equivalents of one of these metals.
Contribution assessment
Many customers already know that the amount of money in the account is automatically converted taking into account current prices for precious metals. But at the same time, the depersonalized metal account, which is becoming increasingly popular among the population, does not take into account such characteristics of precious metals as the manufacturer, number and series, as well as the sample and the number of ingots.
Varieties of financial transactions
Each investor has a number of opportunities to manage their assets.
Firstly, for example, if a client has an impersonal metal account with Sberbank, he can make a transaction to transfer a deposit from one branch to another or even to another bank.
Secondly, if the depositor has a difficult financial situation, he can order the sale of part of the deposit for dollars, euros or national currency, and there is still the opportunity to get the bullion itself strictly at the current market price.
Thirdly, if a client wants to buy or sell, for example, gold - an anonymized metal account, Sberbank will fulfill this request strictly at current quotations of prices for precious metals for both national currency and foreign.
Varieties of accounts
Here it is worthwhile to draw the attention of customers to the features of each of the two types of accounts in order to understand the advantages of the current and cumulative contribution.
It is Sberbank (depersonalized metal accounts) rate precious metals makes a key method of profitability of the current contribution.
Current Contributions
They are very convenient in that the client independently manages his assets. So, if the rates of depersonalized metal accounts demonstrate a steady growth in quotations, the investor can easily bribe even more of the necessary asset. Or, if necessary, the client sells the precious metal and receives cash. But there is also a tangible minus - interest is not accrued on this account.
Deposits
These depersonalized metal accounts have strict limits on the shelf life that the bank itself sets. Customer income is derived from interest.These revenues, according to the Economic Code, are taxable, and their sizes are measured in grams and depend on the growth of precious metals in international financial markets. When the client decides to close the depersonalized metal account, the interest rate for the current month will not be charged. And the sale of the precious metal will be carried out according to current price quotes.
Account management
The fact is that depersonalized metal accounts with proper management become not only tools for saving money, but also investment methods for increasing capital.
Virtual metal accounts are gaining popularity very quickly, and in some countries their number is significantly higher than the number of physical deposits in precious bullions.
Experienced clients managed to develop two tactics for managing accounts.
Anonymous depersonalized metal accounts are very attractive, the gold rate of which can quickly enrich its owner during a rise in the price of a precious metal - this is the tactics of speculators.
The investment method involves the use of an anonymized metal account as a deposit for profit in the form of interest.
Positive sides
There are a lot of reasons to open an anonymized metal account, even in comparison with such safe and stable financial instruments as foreign currency deposits.
- The main thing is that all the worries with the delivery, certification and storage of precious metals fall on the shoulders of the bank's employees, and the client does not even think about it.
- There are no value added tax at the time of sale or at the time of purchase of the precious metal to replenish the account.
- Anonymized metal accounts are available to almost all customers, because the minimum threshold for opening a deposit begins with the purchase of one gram of precious metal.
- Good profit growth is due to an increase in quotations of precious metals, so customers receive additional bonuses from this.
- Using e-commerce methods for fast and comfortable transactions with customers' assets.
- Prices for virtual precious metals are much more attractive than buying coins or bars because they have a minimal difference between the purchase and sale prices.
- No need to file tax documentation for transactions with virtual precious metals.
Negative sides
Although it’s profitable to buy virtual gold, an anonymized metal account has disadvantages.
The key is the fact that a virtual purchase can be turned into a real precious metal even through a bank only after paying additional fees.
Commercial banks have the right to adjust prices for precious metals in a certain range at their discretion, that is, in each individual bank the cost of the same gold will differ.
As a financial instrument, deposits in precious metals do not fall under the guarantees of the depositor insurance system. Therefore, in the event of the bankruptcy of the organization that contained this account, customers will have to wait until the sale of assets occurs, otherwise nothing will be returned.
When summing up all the strong and weak qualities of the content of anonymized metal accounts, it turns out that you still should not use them for the safest way to save or increase your own money. Of course, against the background of international instability of currency quotes, which often affects Sberbank (depersonalized metal accounts), the exchange rate simply looks like the ultimate dream of people who want to preserve what was earned by hard work.
To date, foreign currency deposits and ordinary deposit accounts are still actively in demand. People are accustomed to trust more in what they understand better.Professional investors see considerable opportunities for investments in metal accounts, because these deposits annually demonstrate a high capitalization of investments. That is, during the year, the income on the deposit account grows only due to an increase in the value of precious metals in international financial markets.
Experienced investors, in spite of all the attractiveness of deposits in a virtual purchase of metals, try to diversify their assets and invest as an experiment only that part of the amount that they can afford to lose.
Services for individuals
For individuals, the procedure for opening an impersonal metal account is quick and easy.
A person must take a passport with him to the bank and a certificate indicating where he is registered with the tax service, and cash is required for the initial purchase of a minimum amount of virtual gold, as the most popular of precious metals. Then the employee of the organization will issue the client for signing an agreement to open an account, completed in two copies.
Services for legal entities
For businessmen who are not registered as a legal entity, it is necessary to collect a considerable number of documents, including a passport, a signature sample with a credit card, notarized copies of the certificate of registration with the tax inspectorate, a state registration document and an application filled out in a strictly established form with a request for opening depersonalized metal account.
Although the conditions for opening such accounts are transparent in all banks and have been used for several years, care must be taken before signing the contract. Because all commercial banks have their own subtleties in case the client decides to receive virtual metal in the form of real bars. Here, VAT or additional commission fees may appear, as well as the presence of certain nuances in taxation, so that later unforeseen problems arise.
Experts recommend carefully approaching the choice of a bank in which a person wants to open an account for the purchase and storage of precious metals. It is best to choose the organization with which many years of experience in cooperation already connects. This will be the first step towards investing in precious metals.
