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A number of factors influence the price of silver. The online chart allows you to monitor price dynamics in real time.
Price of 1 gram of silver in Sberbank of Russia
Every day, based on the silver exchange rate fixed by the Central Bank of the Russian Federation and demand conditions, Sberbank of Russia sets the discount price for 1 g of silver.
Silver price per gram in unallocated metal account and physical silver in bullion
The average rates of Sberbank and the Central Bank may differ by 2-4 rubles, and the SB rate is more adapted to the Russian market, since it is Sberbank that sells the bulk of the white metal, while the rates of the Central Bank of the Russian Federation are more tied to the London market.
| Price 999 standard according to the Central Bank | Bank price today | Scrap price | Price in jewelry |
Silver price per gram in bullion coins
Investment coins are the most expensive way of investment. Their price per 1 g is the highest, which is associated with the costs of production, delivery, sales and storage. So, in February 2021, Sberbank sells “Silver Sable” with a face value of 3 rubles and weighing 33.93 g for 1,350 rubles. 1 g of it costs approximately 39.79 rubles. at the rate of the SB of the Russian Federation for 1 g 33.37. But over time, the value of the coin will grow faster than the rate of the metal - after 50 years, bullion coins will acquire historical value.
Price of the Central Bank of the Russian Federation
The Central Bank forms the exchange rate for cash metal based on yesterday's London spot and recalculates it in rubles at the official dollar exchange rate for today.
Compulsory medical insurance and Savings Bank
OJSC Sberbank of Russia is actively working with impersonal metal accounts. This bank offers its clients services for maintaining and opening compulsory medical insurance accounts in palladium, gold, silver and platinum. The compulsory medical insurance rate at Sberbank is always stable.
Compulsory medical insurance for gold at Sberbank has advantages over other metals. The OMC of silver is in less preferred positions. The compulsory medical insurance rating for palladium and platinum closes.
Sberbank Online
Internet banking Sberbank online is a wonderful opportunity to manage all your accounts and perform various operations remotely and independently, without the need to physically visit a bank branch. You can perform these operations and receive any information at any time of the day or night.
Also at your service is complete information about the products you have used and the registration of new services and products without unnecessary bureaucratic research.
The Internet banking system has long established itself as a very convenient and simple system for accessing and controlling your bank accounts.
In Sberbank online you can make various transfers to more than 18,000 recipients and make various payments. You also have access to the Sberbank compulsory health insurance profitability calculator online.
The following operations with compulsory health insurance accounts are available to you:
- Purchase/sale of precious metals to impersonal accounts in an impersonal form;
- Obtaining complete information about the current balance of precious metals on the account and a detailed statement of information on all transactions on the account.
At the same time, connecting to the Sberbank online system is free, moreover, you do not need to pay a monthly subscription fee.
How the price is formed, why it changes and is different in different banks
The pricing of silver is influenced by a large complex of factors. The main one is the global demand environment. Under their influence, quotes on world markets change throughout the day, but at 15:00 Moscow time the London market sets a fixing. It is this that Sberbank focuses on in the next 24 hours.
Today, lunar metal is used in various areas of modern life:
- industry;
- medicine;
- jewelry making;
- investment asset.
In recent years, there has been a decline in investment in silver mines. In addition, it is impossible to track the entry of almost half of the primary and secondary metal into the market, which affects its volatility. The energy, chemical and electronics industries are showing increasing demand for argentum.
These factors and a number of others - economic instability, crises, the threat of military action - collectively affect the silver rate on the London Metal Exchange. It serves as a reference point for banks, transactions and financial transactions around the world.
However, each bank and even divisions of one bank, based on its own assets and the needs of the local market, has the right to offer its own price, remaining within a reasonable financial corridor.
What affects the price of silver
The main threads leading to the price of a troy ounce of silver today:
- balance of supply and demand;
- Exchange Rates;
- political and economic situation.
Customer Reviews
It would take quite a long time to list the benefits of compulsory medical insurance.
Before opening, it is worth studying in detail not only the advantages, but also the possible risks. You should also pay attention to the reviews of real clients who have already stored or are storing their funds in a metal account. Anna, 35 years old, St. Petersburg:
“Investing in metals is quite possible - I have been able to earn money this way for the last 5 years. Average yield is 10% per annum and above. But there are nuances. The most important thing for beginners: distribute your risks. Those. store funds in both metals (and more than one) and currency. And try to study the market in advance, choosing a convenient moment to buy.”
Igor, 48 years old, Yaroslavl:
“Gold and other precious metals are not an instrument for those in a hurry. In the future, quotes are really rising, because in principle the price is rising for everything - just remember the notorious Big Mac index. Therefore, you can only enter this market with serious intentions and fairly large sums.”
Yuri, 28 years old, Ekaterinburg:
“I purchased 10 g of gold out of pure curiosity in September 2021 for 25 thousand. As of June 2021, the same piece of metal already costs almost 28 thousand. The increase is 12%. Of course, it’s too early to rejoice, but in principle this investment is made for the long term. Accordingly, you need to wait for an advantageous moment.”
Forecast
There are special economic formulas for predicting market behavior, but, as practice shows, even Nobel laureates in the field of economics are not always able to determine the behavior of the silver rate. To date, expert opinions in forecasting prices for 2021 differ significantly:
- Analysts at Evromonitor Int believe that the rate of one troy ounce will be about $16 US.
- American experts are more optimistic and predict prices in the range of 17-18 dollars.
- The English bank HSBC believes that the silver rate will rise to $18-19 per troy ounce in 2021.
- Weather analysts on the financial and cryptocurrency market “Cryptoprognoz” suggested an increase in the exchange rate to $24 US per ounce.
INN: 7707083893
What is a TIN?
Taxpayer identification number (TIN) is a digital code that streamlines the accounting of taxpayers in the Russian Federation. Assigned to the tax records of both legal entities and individuals in the Federal Tax Service.
The TIN of an individual is a sequence of 12 digits, of which the first four digits are the code of the tax authority that assigned the TIN, the next six are the serial number of the record about the taxpayer in the territorial section of the Unified State Register of Taxpayers of the tax authority that assigned the TIN, and the last two are so called a "check number" to check the correctness of the number.
Types of investments in silver
Compulsory medical insurance, COX, futures, shares - it is difficult for an ignorant person to understand the sea of investments. Next, I will go into more detail about the most popular ways to invest in silver.
Compulsory medical insurance
An impersonal metal account with Sberbank allows you to invest in precious metals and sometimes receive small dividends (from 0.1 to 3%). The percentage is small, and most banks do not charge an interest rate at all when opening compulsory medical insurance.
Expert opinion
Lyudmila Pestereva
Our most experienced gold investor
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The advantages of such an investment are long-term income from the rise in price of the metal itself and ease of use.
Ingots
Serbank of Russia buys, sells and stores measured silver bars weighing from 50 to 1000 g. The safekeeping account (COX) offers not only the savings of your silver: it is possible to provide them with a loan or transfer the COX to a foreign currency or ruble account. This is safer than storing silver at home. But for storing physical silver in bullion, the bank will take its percentage - you trust the bank with your property and pay it for safety.
Investment coins
Their name speaks for itself. These coins do not have any special artistic value, but are made of precious metal, which determines their value. Their price directly depends on the exchange rate.
Sberbank sells investment coins of its own issue and foreign ones; it is the largest seller of coins on the Russian market. Their main advantage is that this investment asset is not taxed upon purchase.
Which investment method is more profitable?
In my opinion, the most profitable way is compulsory medical insurance. It is the most mobile and less expensive. And the benefit from investments is commensurate with investments in physical metal and can even exceed it, subject to stable growth of the exchange rate. However, here too there are certain risks in emergency economic situations. Therefore, everyone must determine for themselves which type of investment is more convenient and profitable.
I note that any investment in silver is only worth it in the long term. It will not be possible to make money on short-term fluctuations in the exchange rate due to the spread and tax policy.
Taxes on income under compulsory medical insurance
An investor who has opened a fixed-term compulsory medical insurance should not worry. The bank itself acts as its tax agent, which at the end of the year transfers the due percentage of the depositor’s income to the Federal Tax Service.
With the current compulsory medical insurance, and Sberbank today offers only this option, it is more difficult. Since the income from it is unpredictable (it may not exist at all), the trader will have to file a declaration independently. The scheme for calculating profits received from changes in exchange rates is simple: the obligation to pay tax arises only when the deposit is closed.
The fact that you filed a declaration yourself will not allow you to be recognized as evading personal income tax.
Purchasing and storing bullion at Sberbank
Sberbank today is the largest player in the precious metals market, therefore, by closely monitoring the exchange rate, you can make a profitable investment on time. After you have decided on the subject of investment, weight, denomination, type of storage, you need to call a Sberbank branch and agree on the time of the transaction. Check to see if your nearest branch has the bullion you need.
Expert opinion
Lyudmila Pestereva
Our most experienced gold investor
Ask a Question
Upon purchase you must be given a certificate. Be sure to save it, because if lost, it will be difficult to sell the silver to the bank, even if its condition and authenticity are not in doubt.
Advantages and disadvantages
The main advantage of investing in physical silver is having the metal in your hands. The likelihood that silver will depreciate is minimal. When purchasing, you receive 999 silver from a trusted seller. The more the ingot weighs, the lower the price per gram. This is due to the high demand for ingots weighing from 50 to 500 g.
Cons: The investment will pay for itself within a year if silver increases in price by more than 30%.
This is exactly what is needed to cover taxes and the bank spread. In such a short period of time this is unlikely, but in a dozen or two years the increase in the silver rate may exceed this threshold.
Procedure for selling bullion
When selling silver, there are certain rules and regulations, which you should inquire about in advance on the Sberbank website or by phone. In general terms they are as follows:
- The sale of silver to the bank is carried out only in the presence of the client with a passport.
- A certificate, a silver purchase agreement, and original packaging make the transaction easier.
- When concluding a sale transaction, control weighing is required, and the scales must be within the seller’s visibility range.
- Sales of silver bullion are subject to tax.
Selling a bullion purchased from another bank
Sberbank accepts silver purchased from other banks in Russia at the standard rate, subject to storage standards, integrity of packaging and availability of a certificate. Regarding foreign silver bars, it is necessary to clarify individually: the refining of some countries does not comply with Russian GOST.
Sberbank compulsory health insurance quote for today - MLA quotation of the savings Bank for today
Compulsory medical insurance is opened in order to record the movement of metals in non-cash form. This account also reflects the metal in weight without indicating individual parameters, including fineness indicators, number of ingots, product manufacturer and others.
If you are interested in the Sberbank compulsory medical insurance quote for today, you can use the options of the official information resource. Quote dynamics graphs are constantly updated, and there is no VAT when carrying out non-cash transactions. Among the advantages is the absence of the cost of precious non-cash metal. The costs of producing ingots, moving and storing them are not taken into account.
The bank carries out general accounting of the metal, it also assumes the risks associated with all force majeure circumstances. Cashing out impersonal precious metal with relative stability is much easier than trying to sell bullion. Otherwise, it is necessary to check the mass and authenticity of each ingot in order to provide these parameters to the buyer. Interest is not accrued on precious metal balances. The insurance law does not apply to compulsory medical insurance funds. Deposit insurance guarantees are also not issued, and if the bank is closed, some of the funds may be lost.
You can sell metal only after submitting a declaration that establishes income and payments from profit. Against the background of such information, we can conclude that Sberbank is the most reliable financial institution, protected by guarantees against bankruptcy.
Personal funds can be invested in gold, silver, platinum, palladium. These metals are characterized by high liquidity as jewelry. It is also worth considering the instability that is felt in the short term for some metals. The most stable metal is gold, which is often chosen by most investors. Having chosen the metal in which you are going to invest your funds, get acquainted with the dynamics of changes in compulsory medical insurance quotes, for which you can go to the corresponding page of the official website. You should also choose a city, since it is necessary to take into account differences in quote rates by region. A useful service is the compulsory health insurance profitability calculator, which will allow you to independently calculate your profitability. The client can decide on the amount of funds and the duration of the period. If it shows positive dynamics, your decision will bring undoubted benefits.
Taxes and restrictions on acquisition
When purchasing silver bullion bars, you must pay VAT. All responsibility for paying tax lies with the buyer. When selling the bullion back to the bank, the tax is not returned; moreover, if the bullion has increased in price, you will also have to pay personal income tax.
But not everyone knows that paragraph 1 of Article 5 of the Law of the Russian Federation dated December 6, 1991 No. 1992-1 “On Value Added Tax” exempts from personal income tax the turnover of the Bank of Russia and specially authorized commercial banks for the sale of precious metals in bullion, provided that these the bullion remains in one of the certified storage facilities.
Thus, in order not to have to pay VAT, you do not need to take the bullion out of the bank, but transfer it to a safekeeping account.
Taxes
There is no clearly developed scheme for paying taxes under compulsory medical insurance. Fiscal services do not provide clear information on how transactions should be taken into account for tax purposes.
Experts cannot answer the question of who should pay taxes: the bank or the depositor.
The prevailing opinion is that the client independently declares only the amount of income received from the sale of metal to the bank in cases where:
- the account is valid for more than 3 years;
- The value of an asset when sold is higher than when it was originally purchased.
Although many points remain unclear, one can see the advantages of such taxation:
- no VAT or property tax;
- You can close and open compulsory medical insurance every 3 years.
How to open compulsory medical insurance in SB: step-by-step instructions
Opening an impersonal metal account with Sberbank is easy. For its clients, Sberbank provides the opportunity to open compulsory medical insurance in its online account. The Security Council of the Russian Federation provides such a service even to minors in the presence of parents or persons replacing them. To get started, clarify all the points you are interested in by phone. When you come to the nearest representative office, contact an available employee with a wish to open compulsory medical insurance. The following are a few simple steps:
- State the amount for which you want to open an account.
- Show your identification (passport).
- Fill out the application, indicating the method of savings.
- Read the agreement carefully and sign it.
- The employee will give you all the information about the account you opened, the principles for calculating profits and your copy of the agreement.
- Transfer money to compulsory medical insurance - in cash, from account to account or by card.
Conclusion
The world of investing in precious metals may seem distant and forbidding, but if you spend a little time and delve into the essence, you can understand all the advantages and disadvantages and gain some financial stability.
Experts advise investing in different areas and not putting all your eggs in one basket. Thus, the recommended amount of silver for savings is about 10% of the total investment portfolio. I hope today it has become a little clearer to you how the silver rate is formed at Sberbank.
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Opening compulsory medical insurance for another person
You can open a metal deposit in the name of a minor. This can be done by a parent or guardian. You will need to present the certificate issued at his birth and the parent’s passport, which contains a note about the presence of children. The guardian must have a certificate of the appropriate type issued by the guardianship authority.
If a minor is over 14 years old, he can perform the operation on his own with parental permission. It must be certified by a notary.
Guardians, parents and other citizens are allowed to carry out deposit transactions, provided this is stipulated in the agreement and notarized. Upon reaching 14 years of age, he will be able to perform actions himself if the appropriate permission from his parents is transferred to the bank. Alternatively, a parent or guardian can visit the branch and inform staff in person of their consent.
Metal deposits are opened in an impersonal form
This way, parents can save a certain amount in their child's name. The trend in the price of gold in the long term has a pronounced increase; you can always check the history of precious metals quotes for Sberbank OMS. According to approximate estimates of experts, in 12 years you can accumulate about 2 million rubles with a monthly deposit of 3 thousand rubles into a metal account.
