2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16
Today, in an unstable economic situation, people are increasingly thinking about where to invest their money. Each of the possible options has a huge number of disadvantages. Bank deposits bring too little income, which does not even pay for the inflation rate, often banks simply close. And although deposits are insured by the state, but who wants to spend time and nerves to get their own money back? Investing in stocks is very risky, because any company can suddenly go bankrupt.
In this situation, people are increasingly choosing to invest in physical assets. For many centuries, for the sake of saving funds, as well as their increase, people
buy gold. Moreover, for so many years the physical form of such an asset has changed radically. Previously, people bought jewelry and coins made of this metal, but now many people prefer to buy a gold bar.
Features of investing in gold bars
Of course, the price of this metal is constantly rising, but it should be borne in mind that this type of investment should have a long-term perspective. The fact is that at short time intervals, the price for it can even decrease. At the same time intervalit has been growing steadily for several years.
If you decide to purchase a gold bar, it would be best for you to contact the bank branches that provide this service. When buying gold, the investor is required to present a document that proves his identity.
Banks offer for sale only gold of the highest standard, they are required to have a certificate of conformity for a gold bar on sale. Weight of it
can range from five grams to one kilogram. Choose what you can afford. When buying a gold bar, it is mandatory to weigh it. In this case, the scales must have an error of no more than one hundredth of a gram.
Purchased ingots must not have damage or surface contamination. The origin of gold is confirmed by a certificate of conformity, as well as a passport of the factory that produced the gold bar.
When buying physical gold, you should remember that if you get an ingot in your hands, its price will immediately fall. This is due to the fact that bankers claim that the surface of the noble metal deteriorates with any touch. When taking the gold out of the bank, the buyer is obliged to pay VAT, the amount of which is 18 percent of its value. The tax paid is not refundable even if the acquisition is sold to the same bank. Therefore, it is better to leave the gold bar in the bank vault with a special metal account.
Don't buy gold bars on the secondary market. In Russia, it is undeveloped. Reseller pricesoften overestimated, and the quality of gold is questionable. It is also better to sell bullion to banks. However, do not forget that in the event of a sale, a spread occurs, that is, the difference between the purchase and sale prices, which can actually be attributed to the investor's losses.
Of course, investing in gold bars in the long run can bevery profitable. But here it is important to know and take into account many nuances so as not to be disappointed in this type of investment and not incur losses.
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