Quotations of OMS (impersonal metal account). precious metals

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Today, banks offer customers to invest in gold in several ways. The first is the purchase of bullion, the second is the opening of a metal account. They will be discussed further.

Types

Metal bills are of two types. If the client wants to purchase an ingot with certain characteristics (type of metal, weight, fineness), then he draws up an invoice for safekeeping. In this case, a transaction for the sale of the metal is executed, the document indicates all its individual characteristics (weight, fineness, etc.), but the ingot itself is not taken out of the bank vault. The presence of any damage on the packaging or the metal itself dramatically reduces its value. In addition, when buying and selling an ingot, its owner will have to pay VAT and personal income tax.

Investors, for whom the presence of an ingot does not matter, draw up an unallocated metal account. In this case, the metal purchase operation is executed without individual signs (sample, serial number, etc.). In fact, this is a deposit in a bank, which is issued in the form of a certificate. Investors, as it were, convert the metal into cash and wait for the price to start rising.

Features

Account can beopen in silver, palladium, gold or platinum. The price depends on the OMS quote on the day of the transaction. Banks buy and sell metal for Russian rubles. To complete the transaction, you need to provide a passport and pay the cost of the metal. No additional commissions are provided. A prerequisite is that the buyer has an account in Russian rubles in the same bank.

CHI Benefits

• When making a transaction, there is no need to pay VAT. However, when selling metal, you will have to pay 13% personal income tax.
• The buyer can sell the metal at any time. When making a decision, he focuses only on OMS quotes.
• The buyer has a real chance to get a stable income when the price increases.
• Contributions to CHI are a way to diversify your savings.
• No need to transport and store metal.

Interest

The owner of the deposit can make a profit only if the price of the metal on the market increases and the quotes of precious metals grow along with it. In this case, we are talking about an account without interest.

CHM can be viewed as a deposit with a limited shelf life. The owner of such an account receives a profit in the event of a significant change in precious metals quotes. Profit in this case means the monthly accrual of interest on a ruble account opened with a bank.

Interest on such deposits is always less than on deposits in foreign currency. That is, you can earn only when the value of the metal changes bymarket.

Sberbank and other financial institutions usually set OMS quotes once a day. There is an opinion that the metal is constantly growing in price. In the long term, bullion prices do rise. But banks regulate OMI quotes on their own. Therefore, an investor can either make a profit or lose.

Preparation

Before buying metal, you need to analyze OMS gold quotes, the economic situation of the country and the world as a whole. During the crisis period, it will not work to make money in bank warehouses, including metal ones. The difference between the bid and ask prices (spread) is greatly increased.

When money depreciates, the value of metals increases. At such moments, people just try to acquire CHI. An increase in demand drives up prices. That is, bank silver quotes for OMS become overpriced. Therefore, investing in metals should be in a period of calm or before the crisis. According to statistics, every 2-3 years there are economic crises. At this time, the value of the metal increases dramatically.

How prices are formed

The main factor in the change in gold under OMS is the ratio of supply and demand. As mentioned earlier, demand growth will outpace supply during an economic crisis. Precious metals are a reliable financial instrument, especially when it comes to gold. During the pre-holiday period, the demand for gold jewelry increases. Therefore, since Octobermetal prices rise through February. Also, do not forget about manufacturing enterprises. Gold is an excellent conductor. It is used in contact fusion, computer chips, etc.

Yield from CHI depends on market prices for the metal. That is, the investor can both lose his savings and increase them. If you look at the gold price chart, you will notice that in 11 years the value of 1 gram of gold has increased 11 times. But over a longer period of time, there are annual declines in prices after long rises. The market is cyclical.

Perhaps the only drawback of depersonalized accounts is that these deposits are not insured. That is, in the event of bankruptcy of a banking institution, the investor will not be able to return his funds.

How and when to open CHI?

Depending on the quotes of precious metals in the market, OMS can be replenished, closed or transfers between similar accounts. If the client is not satisfied with the profitability of the deposit in one financial institution, he can open an account with another bank and transfer his deposit there. There are no minimum balance requirements for such accounts and no interest accrued on the balance. All transactions are carried out without the use of bullion and at bank rates. Deposits are not limited in terms of validity and are not included in the deposit protection system. But this does not affect the profitability of transactions.

Before opening an account, you should read the agreement in detail. First of all, you need to know the terms of the interest payment. Banksinterest on deposits is usually paid in the form of metal. Putting a kilogram of gold at 2% per annum, the client will receive 20 grams of metal in the form of income. If we are talking about CHI, then the interest is converted into cash at the CHI rate.

You should also study the conditions for the return of the deposit. Small bars are more expensive due to the high cost of production. If the client invests several bars, then you should make sure that after the expiration of the contract, he will receive back the same bars, and not one large bar of metal. The contract should contain the wording that the payment is made "in XX grams of bars in the amount of YY pieces." The cost of small ingots, due to the cost of their manufacture, is always much more than one large bar of metal.

Checking out current prices is pretty easy. They are updated twice a day by the London Stock Exchange. The same information is broadcast on radio and television. Based on the international rates of the metal, the cost is formed by the Central banks of all countries. After that, Sberbank and other financial institutions of the country form and announce the quotes of the compulsory medical insurance.