I am glad to welcome my readers again! Precious metals are an asset that always remains valuable and even rises in price during crises and cataclysms, which cannot be said about money. But it comes with many inconveniences. You need to store the bullion somewhere (some are still buried in dachas), but it won’t be possible to sell it today even in case of urgent need. Fortunately, information and banking technologies provide us with an alternative.
The compulsory medical insurance rate at Sberbank today is an unstable thing. Today gold falls in price, tomorrow it rises in price - it seems that it is too late to buy it, because yesterday it was cheaper. But what if in a week it will cost 30% more?
Online course schedule
Theoretically, you can buy metal blindly and wake up a billionaire the next morning. In practice, very few people in history have succeeded in doing this. If we want to save money and increase it, it is worth familiarizing ourselves with exchange rate fluctuations and their dependence on the state of the world economy.
Gold
Despite periodic ups and downs, the gold rate is growing steadily. Since 2000, its cost per troy ounce has increased from 300 US dollars to more than 1,000, rising to almost 2,000 in 2012.
Silver
Some experts consider silver to be an undervalued metal. There is actually much less silver on the market than has been mined in the history of mining. This is due to the fact that most of it is used for industrial needs. Nevertheless, silver today is included in the list of precious metals and is also considered a profitable investment.
Palladium
Palladium is a metal needed by the mechanical engineering industry. Its center in Russia is Chelyabinsk and the Chelyabinsk region. Demand for it is stable, because even in times of historical turning points, people need cars, machine tools, electronics and medical equipment. All this means that there is no need to fear a depreciation.
Platinum
Platinum is the rarest of the four investment metals and the three that perform a monetary function (palladium coins appeared only in 1966 and were not in active circulation). In 2015, at the peak of its value, it was more expensive than gold. However, those who did not cash out their platinum accounts in hopes of future growth were mistaken: the growth was followed by a sharp decline. Nevertheless, today platinum is more expensive than before 2015.
Dynamics in recent years
By 2021, experts predicted an increase in the price of metal assets, linking the rise in exchange rate with the escalation of the trade confrontation between China and the United States. By mid-2021, this war reached its climax - both states imposed duties on the import of goods, the amount of which amounted to billions. The conflict has not yet been resolved; negotiations on the situation are ongoing.
Contrary to forecasts, all metals fell in price, and the owners of compulsory health insurance felt this for themselves. Perhaps the reason is that the dollar has strengthened in the global foreign exchange market.
If we take statistics over the last 10 years (from 2009 to today), we will see that all metals have risen significantly in price, despite repeated drops and increases in exchange rates, sometimes sudden and large. See how this happened in the graph:
Gold, Silver and Platinum Quotes from TradingView
Expert opinions on the price of gold in 2022
The majority of analysts are of the opinion that by the beginning of 2022 the price of gold will increase. In January, the rate, according to experts, will reach the following values:
- Aton - 2.25 thousand dollars per 1 troy ounce;
- Bank of America - $2.05 thousand per 1 tr. oz.;
- Goldman Sachs - $2.3 thousand per 1 tr. oz.;
- Citigroup - $2.1 thousand per 1 tr. oz.
Analysts from ABN Amro are of the opinion that the price of gold will begin to decline at the beginning of 2022. According to the forecast, in December 2021, the cost of 1 ounce will be $1.9 thousand. In mid-January 2022, the price will be reduced to $1.7 thousand.
A similar opinion is shared by several other experts from large foreign investment companies. Domestic analysts, on the contrary, consider gold to be a reliable asset suitable for storing savings. According to Russian experts, the dynamics of the exchange rate in 2022 will be as follows:
- January-February - 2.2 thousand dollars;
- March-May - 2.4 thousand dollars;
- mid-summer - $2.35 thousand;
- end of autumn - 2.05 thousand dollars;
- December - 2.1 thousand dollars
Attention! When making a forecast, analysts take into account the dynamics of the exchange rate over past years and factors that can and will definitely affect the price of the precious metal.
What is an impersonal metal account and what metals can be purchased
An impersonal metal account (abbreviated as OMS) is a financial instrument that allows citizens today to open a fixed-term (deposit) or perpetual (demand) deposit. It differs from a ruble or foreign currency deposit in that it is settled in grams of precious metal, and not in monetary units.
The investor thus becomes the owner of silver or palladium, but only virtual. When carrying out operations under compulsory medical insurance, the individual physical qualities of the metal are not taken into account: the number of ingots, sample, manufacturer, serial numbers. However, it will not be possible to withdraw funds from compulsory medical insurance in the form of real metal.
When opening compulsory medical insurance, the investor is traditionally offered 4 metals to choose from:
- Gold.
- Silver.
- Platinum.
- Palladium.
Deposits in gold at SberBank
For many, the question of the correct use of their own savings remains open. Some people leave them at home, many put them on deposit. But both options are not safe enough for both the owners themselves and their capital. To protect your money from the influence of fluctuations in the financial market, you can use gold deposits at SberBank. This is an alternative approach to using your own resources, which will help save them from depreciation and receive a certain income if the transaction is concluded for a long period. Banks offer various deposit programs denominated in metal. To open such an account, you need to come to the organization with your passport, taxpayer code and write an application. After this, it is necessary to sign an agreement that stipulates the conditions for conducting operations with precious metals and the basic rules of interaction.
Peculiarities
When considering various options, you should choose the most acceptable one and the one that will actually bring profit and not cause losses. Deposits in gold at SberBank can be made by all citizens of the country who have certain savings and are officially employed. A similar account is also opened for children. In such operations, parents’ passports or birth certificates are taken as a basis if there is no entry in them. In practice, the whole procedure looks quite simple and consists of several stages:
- The client comes to the institution with documents and is present during the purchase.
- The ingot is weighed with an error of less than 0.01 grams and inspected.
- A certificate is issued for the product indicating all the data that is on the surface of the precious metal.
- At the time of transfer, an act is drawn up and a cash receipt is issued.
At the moment, there is an increase in demand for such services, as many clients find them attractive. The most common: purchasing bars, coins and compulsory medical insurance. An unallocated metal account is a special type that displays a precious metal owned by an individual indicating grams, but without information about the fineness, manufacturer, numbers, etc. Having formalized such cooperation, the owner can immediately buy/sell it without the need to check the bullion ( there is no physical option for the presence of gold). Its unit of measurement is not rubles or dollars, but grams of metal.
Advantages
This method of investing is convenient and very reliable, especially in today’s unstable economic and financial market conditions. For many, this is the only available method to keep their money in full. It should be noted that only with long-term cooperation can a person receive an impressive passive income. No interest is charged for minimum terms. In addition, expensive jewelry, family or unique jewelry are often used. This is not a cost-effective resource for creating a metal cell, however it is also practiced
How the price is formed
Useful articles
Investments in metals: is it really profitable to invest in gold?
Review of mutual fund Gazprombank - Gold: price today + is it worth investing in it?
How much does gold cost on the spot market and how is the price determined?
Review of gold ETFs: the best of the best
The cost at which metal is purchased today for compulsory medical insurance is not taken out of thin air and depends not only on the Sberbank exchange rate. The initial (first) price is set by the London Precious Metals Exchange (LME) based on the results of trading by the main participants in the world market (today there are 13 companies). Every day at 14:00 Moscow time on weekdays, the Central Bank of Russia publishes precious metals rates on the official website cbr.ru. Quotes of the Central Bank of the Russian Federation are formed on the basis of quotes from the London Stock Exchange.
The metal exchange rate according to the Central Bank of the Russian Federation also depends on the second factor - the ruble exchange rate to the US dollar today. The fact is that the exchange sets the price in US dollars per ounce, and the Central Bank - in rubles per gram. An ounce is always equal in mass to ~31.1 g, which cannot be said about the ruble, because its exchange rate is constantly changing and has been especially unstable in recent years. Therefore, even with the same price of gold on the LME, the rate of the Central Bank of the Russian Federation today may differ quite significantly from yesterday.
The quote on cbr.ru is the second price. There is also a third one - the one that the end consumer, a private investor (for example, me or you) focuses on. The bank, as a commercial organization, works to make a profit, so it slightly changes the price assigned by the Central Bank. Gold and silver are bought from the population at a price below the exchange rate, and sold at an inflated price. The difference - the spread - is the bank's profit.
The law does not regulate the procedure for determining the spread for compulsory medical insurance, so in theory, Sberbank can set any prices. Fortunately for you and me, there is interbank competition, and an organization that sets a draconian sale price will simply be left without investors.
Sberbank adheres to the “golden mean” principle in relation to the spread - this is one of the reasons why depositors choose it to open compulsory medical insurance. The second reason is the reputation of Sberbank. In the minds of the majority of the population, he is reliable enough to trust him with funds.
How much will gold cost in 2022?
Many experts and analytical companies have already published forecasts for gold prices by month in 2022. For ease of reference, the average estimated values are shown in the table.
| Month | At the beginning, thousand dollars | At the end, thousand dollars. | Deviation per month, % |
| January | 1,82 | 1,79 | -1,65 |
| February | 1,79 | 1,87 | 4,47 |
| March | 1,87 | 1,8 | -3,74 |
| April | 1,8 | 1,78 | -1,11 |
| May | 1,78 | 1,72 | -3,37 |
| June | 1,72 | 1,72 | 0 |
| July | 1,72 | 1,82 | 5,81 |
| August | 1,82 | 1,87 | 2,75 |
| September | 1,87 | 1,91 | 2,14 |
| October | 1,91 | 2,03 | 6,28 |
| November | 2,03 | 2,03 | 0 |
| December | 2,03 | 2,03 | 0 |
Attention! The largest increase in value, according to analysts, in 2022 will be in July and October.
Forecast
Today, most experts believe that precious metals will continue to rise in price, but there will not be a sharp increase in the exchange rate. They present both arguments related to all metals (mainly geopolitical) and individual ones (increasing inflation of paper money, finite reserves of precious metals).
For example, there is a version that by the end of 2021, platinum will practically displace palladium from the production of autocatalysts. This will lead to an increase in its demand, and consequently to a strengthening of its position.
Changes in the precious metal exchange rate in 2018-2020
In 2021, there was a sharp decline in the price of gold to $1.2 thousand. This provoked a negative forecast until 2022. However, the situation changed after the exchange rate turned in a positive direction.
At the end of 2021, the price of the precious metal increased sharply. After the jump to $1.56 thousand, a moderately positive trend continued for a long time. The increase was more than 20% compared to the 2021 price.
In 2021, the coronavirus pandemic began, its consequences negatively affected the value of many items in the precious metals market. However, gold, on the contrary, began to rise in price during this period. The epidemic led to a global economic crisis. This has made the precious metal popular for investing in order to preserve savings.
Interesting! How to make money on cryptocurrency from scratch and what you need for this
Important! The highest gold price was observed in August 2021. The price reached $2073.
At the beginning of 2021, the cost of the precious metal increased by 17% compared to the end of 2021. Over the last month of summer, the exchange rate reached a record high. However, information about the development and implementation of a vaccine led to a drop of more than $200.
Over the year, gold showed a good level of profitability. The value of the indicator varied in the range of 16-30%. By the end of 2021, the price of the precious metal was $1.89 thousand.
Advantages and disadvantages of compulsory medical insurance
Compulsory medical insurance, like any financial instrument, has its pros and cons. The advantages of a metal account include:
- High liquidity with relatively low risks.
- No costs for transportation and storage of ingots.
- No need to pay VAT.
- Relatively small spread.
- Absence (most often) of bank commissions.
- Low entry threshold (from 1 gram for current compulsory medical insurance).
Flaws:
- There is a problem with interbank transactions under compulsory medical insurance (if you opened an account with Sberbank today, you will not be able to transfer metal to VTB).
- Inability to transfer grams from one compulsory medical insurance to another.
- You will have to file a tax return yourself.
- Lack of insurance.
The last minus is the most significant. He is one of the reasons why most investors in compulsory medical insurance today choose Sberbank: in conditions when you can lose everything, reliability becomes more important than profit.
Factors that influenced the rise in gold prices in 2021
During the pandemic, the price of the precious metal increased significantly for a number of reasons:
- investors considered gold a guaranteed tool for preserving savings;
- the demand for the precious metal has increased significantly, the purchase rate has broken existing records;
- W. Buffett recognized gold as a profitable investment instrument;
- other large investors began to purchase assets in large quantities.
Interesting! Large consumer countries, on the contrary, have reduced consumption of the precious metal during the pandemic.
How to make money on compulsory medical insurance
If you have chosen a speculative strategy, then you will have one tactic that has not changed since the first money appeared. Buy cheaper, sell more expensive - that's the whole secret. The only difficulty is predicting the course - even experts tend to make mistakes.
There is complexity. If you often withdraw money and buy metal again, the profit can be offset by the bank spread.
What does profitability depend on?
First of all, it depends on the type of compulsory medical insurance. He can be:
- Deposit (urgent).
- On demand (current).
In the first case, it will not be possible to withdraw money from compulsory health insurance before the deposit expires, and the income will consist of interest accrued on the account. It is advisable to establish deposit compulsory medical insurance for a long period - 3 years or more.
Today, it is impossible to open an urgent compulsory medical insurance at Sberbank, but for general education it is worth knowing about this, because the bank may revise its conditions - not today, then tomorrow.
The current compulsory medical insurance can be replenished unlimitedly, as well as withdrawal of funds. It does not accrue interest, and the trader’s benefit depends on exchange rate fluctuations and the ability to manage the deposit.
Profitability depends on the chosen metal. For example, if you bought gold, platinum or silver in September 2021, you still would not have received a percentage of the profit. But a bet on palladium would bring almost 3,000 rubles from 10,000.
When is the best time to buy gold?
The period for acquiring precious metal depends on the purpose for which the asset will be used. To save your savings, you can buy gold now. It, compared to the Russian ruble, has a much lower level of volatility. Investments in the precious metal will protect funds from the effects of inflation and possible depreciation of the national currency.
If an investor wants to make money on the difference in rates, then it is also better to buy gold now, but not for the entire amount of capital. There will be several favorable periods in 2021 to buy at low cost. According to forecasts of foreign analysts, the price of the precious metal will decrease in June-July, which will be a signal to buy gold.
Important! You can sell the precious metal to make money on the exchange rate difference at the beginning and end of 2022.
Results
In 2022, gold will be one of the most reliable assets for investment. With its help, you can not only protect your savings from inflation, but also make money on exchange rate differences. According to analysts, in January 2022 the price for 1 ounce will be 2.1-2.3 thousand dollars. By mid-summer, the cost of the precious metal will drop to 1.7-1.8 thousand dollars. You can buy gold now, to protect savings from possible depreciation of the ruble.
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.
Account opening methods
An individual needs very little - just a passport, a certificate of TIN assignment (if any) and the required amount.
Poste restante
Those who decide to open compulsory medical insurance at Sberbank have two options:
- Come in person to one of the Sberbank offices (not just any branch is suitable - you should first check by calling 8-800-555-55-50 whether the nearest one is suitable for your home).
- Use the Sberbank Online service (only for personal account users).
In the second case, since the agreement with Sberbank has already been signed and your data is in the database, you can create compulsory medical insurance with a few clicks of the mouse.
Urgent compulsory medical insurance
Today, Sberbank does not offer to charge interest to investors for deposits in metal, so it will not be possible to open a deposit compulsory medical insurance. In those banks where such a service is available, the conditions for its provision are usually the same: either a visit to the office, or a simplified remote scheme for bank clients.
How to open compulsory medical insurance in the SB of the Russian Federation
If you have connected to the Sberbank Online service, you can open compulsory medical insurance today. The procedure will be as follows:
- Scroll down to the bottom of the main page and click “Go to the bank’s offer catalog.”
- Find the item “Metal accounts” in the list.
- Choose the metal that will become your currency (the most crucial moment!).
- Indicate the mass of the metal (the minimum in Sberbank is 0.1 grams of precious metal).
- Confirm the money transfer by clicking the “Continue” button.
- Read the contract carefully (it is short).
- Click on the “Open Compulsory Medical Insurance” button.
Congratulations: from now on you are the owner of several grams (or fractions of a gram) of precious metal.
Purchasing and storing bullion at Sberbank
Purchasing bullion is an operation similar to currency exchange. Platinum can be purchased at the cash desk of a branch of Sberbank of Russia. The bank provides safe deposit boxes for long-term rent for storing valuables. Sberbank of Russia does not currently offer metal deposit accounts to its clients.
Advantages and disadvantages
The advantage of owning platinum is that you have physical metal in your hands. Thus, you are insured against bank bankruptcy and non-payment of the deposit. But this is a way, first of all, to save money, and not to increase it.
Procedure for selling bullion
Today, to sell bullion, you should contact an authorized branch. In addition to the metal, you should have a certificate for it, a purchase receipt and an identity document of the owner. The operation itself is identical to currency exchange at the established rate.
Selling a bullion purchased from another bank
Banks have no problem accepting metals purchased from competitors if you have a certificate and receipt of purchase in your hands, and the bullion itself is in excellent condition. Today, Sberbank of Russia accepts silver, platinum and gold from the population.
Taxes and restrictions on acquisition
The volume of purchased platinum, or the purchase amount, is not limited either by law or by Sberbank of Russia. Value added tax is already included in the price of the bullion and is not reimbursed upon sale.
