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.
Which compulsory medical insurance is more profitable?
To understand which account is more profitable to open, you need to consider several factors:
- individual characteristics of metals;
- spread size (the difference between purchase and sale prices);
- exposure of quotes to the influence of political and economic processes.
Let's briefly touch on each of the precious metals offered by Sberbank.
Silver
Silver is characterized by low volatility (price volatility). Short-term surges occur only occasionally. This point indicates instability of income and high risks of not receiving it.
.
For these reasons, it is better to invest in Ag using accounts that involve income from interest charges.
Gold
Simply put, gold guarantees stable profits and low risks. However, the profitability is characterized by a low percentage.
Palladium
The price of this metal shows constant growth dynamics. It is widely used in industry, which only adds to its cost.
There are many Pd deposits on the planet, but it is difficult to extract. Hence its high cost.
Platinum
Prices on Pt have been falling in recent years. The reason for this is the global economic crisis. Due to this circumstance, the demand for metal is quite low.
The outlook for platinum's immediate prospects is negative. Demand for it will fall due to low production profitability.
It is not so easy to make money on such compulsory health insurance, but if you use the account skillfully, the profit can be serious.
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
Do you need a metal account?
To achieve an understanding of the need to establish compulsory medical insurance, you should pay attention to some analytics.
Benefit Analysis
First tip:
Pay attention first of all to those metals that show positive growth dynamics.
Second tip:
take into account the size of the spread. At a value close to 10% of the metal price, the investment can be considered unprofitable: the reason is the actual destruction of profitability due to the presence of a large difference between purchase and sale prices.
Third tip:
if you are a beginner, make an investment in dollar or ruble equivalents. An alternative option is to purchase shares of a metal mining organization.
Nuances
How to make money on silver and gold and other metals? In this market, there are two types of investors - a conservative and a speculator.
The former most often open time deposits. Income comes to them when the period of validity of the investment agreement ends. If prices plummet, such investors are at great risk of losing all interest - and losses may exceed the amount of their own available funds.
The latter open a metal account for an unlimited time: throughout the entire range of compulsory medical insurance, they carry out transactions with precious metals. Every transaction generates income. The difficulty lies in the need to be able to predict changes in quotes.
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.
The essence and classification of metal accounts
Let's look at some general basics of the phenomenon.
What is this?
Anonymized metal account (OMS)
– this is an account in which all the precious metal belonging to the client is recorded. Only grams are reflected - without mentioning the sample, bar numbers and manufacturer.
Kinds
themselves are responsible and actually impersonal
.
The first involves the transfer of bullion to a banking company, after which they are assigned numerical values. The organization is responsible for the safety of property while the cooperation agreement with the client on investment rights is in effect.
The second involves the use of impersonal equivalents of precious metals in deposits instead of currency.
We are primarily interested in compulsory medical insurance. They are also divided into subtypes. This:
- Urgent.
A characteristic feature is activation by agreement, which determines the period of interaction and the interest rate. If the client terminates cooperation early, he does not receive any interest income. - Current.
There are no interest rates charged. Income is generated due to changes in quotes.
We remind you that Sber offers a compulsory health insurance service.
Available operations
The set of actions is not too large:
- opening and closing of compulsory medical insurance;
- acquisition and sale of precious metal at the rate of a banking institution;
- money transfer;
- cashing out funds in banknotes or bullion.
We remind you that there is no need to re-register the account, because... it is indefinite.
How the price is formed
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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.
Terms from Sberbank
Official information about the conditions under which Sber provides metal accounts can be read on the official page of the service.
The financial institution offers to invest money in precious metals and generate income by increasing their value. Among Russian banking companies, the client has some of the most profitable options at his disposal.
Key Features
Let us note three characteristic points
:
- You can start with minimal volumes (read below). This is the key to a gradual immersion in the essence of the process. In addition, this reduces the risk of financial losses.
- Purchase and sale transactions occur quickly. All actions take seconds in online banking.
- There is no need to worry about the nuances of owning an impersonal metal account. This is a matter of organizing the storage of metal by the bank itself.
Note 1.
A Sberbank client has the right to buy or sell metal to the institution at any time. At the same time, there is no need to receive it in your hands or check the bars.
You can buy on compulsory medical insurance:
- Au (gold) – from 0.1 g;
- Ag (silver) – from 1 g;
- Pt (platinum) – from 0.1 g;
- Pd (palladium) – from 0.1 g.
The general earning scheme is as follows:
a citizen buys metal and owns the asset for some time - here everything is determined by the user himself. At the same time, he monitors price dynamics. At the moment when quotes reach the desired level, the metal is sold.
Note 2.
On the above page you can see a graph of changes in the price of gold from 1997 to 2021. This gives a clearer picture of the situation.
How to track metal prices?
In order not to waste time and search for resources, it is easier to go to the “Metal Rates” section on the website www.sberbank.ru
. Absolutely all the information on the topic is presented here, so the client will always be aware of the current state of affairs.
The compulsory medical insurance service is designed in such a way that all operations – including monitoring quotes – can be performed remotely.
In addition to the specified page, monitoring price indicators is available in your Sberbank Online personal account
.
Category “Metal rates” on the Sberbank website
Positive points
There are four points to note here:
- There is no threat of theft or loss.
The client will not have to worry about safety, as may be the case with bars or coins. - Selling and buying is very easy.
The operation takes a couple of minutes. You just need to pay by card - without providing documentation. You can sell at any time. - There are no additional costs.
The account is opened for free. There are no costs for storing precious metals, as well as VAT on purchases and sales. - Managing the asset is easy.
The owner's ongoing participation is not required. The compulsory medical insurance itself is unlimited, i.e. you won’t have to re-register it from time to time.
In fact, the bank organizes all interactions regarding the service in such a way that all operations require a minimum of time and effort.
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.
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.
Sberbank gold deposit for individuals
We will not find out the reasons why you wanted to save in gold - this is a worthy choice, which, in combination with other financial distribution options, can perfectly complement your investment portfolio.
There are several ways to invest money in gold; let’s find out what options are offered at Sberbank.
Gold bars
The simplest and most obvious way is to simply buy a gold bar.
But this method has several noticeable disadvantages. Firstly, it must be stored in special conditions, since the slightest scratch reduces the selling price of the product - and this is an additional cost for at least a safe deposit box in Sberbank.
Secondly, when selling an ingot you must pay value added tax - 18% of income.
Thirdly, the price of selling and purchasing gold bars by Sberbank will greatly upset you. Let's look at the table “Purchase and sale prices of bullion bars of precious metals” for gold, for September 2018:
If you bought gold, and after a couple of days you decide to sell it to the bank, you will lose up to 30% of your investment. Not the most attractive option, but in the long run it is possible to make a profit.
Golden coins
Making a profitable gold deposit in coins is a decision that will require your time. There are a lot of gold coins in Sberbank, which ones should you choose?
It's one thing when you just want to give someone both a precious gift and, in fact, an object of art. It's another matter if you decide to consider coins from an investment point of view.
But you should not discard this deposit option - study the specifics of the issue and the possible benefits, they are there, but not everyone can succeed. This option is also suitable, only for long-term investments.
Compulsory medical insurance golden contribution
Therefore, it is easier for bank clients to open an Impersonal Metal Account (UMA). This is the same golden deposit of Sberbank. Its basic unit of measurement is the gram of substance.
In fact, compulsory medical insurance is a record that the investor has a certain amount of gold.
The gold itself is not transferred to you, but is provided by bank reserves. If you wish, you can order delivery of the bullion directly - but you will have to pay the difference in cost.
Any adult client can open deposits in precious metals at Sberbank for himself or for his child. You can issue a power of attorney for the deposit or draw up a testamentary disposition.
In addition to gold, deposits in the following metals are available for opening:
- in silver – the minimum purchase amount is 1 gram;
- in platinum and palladium – purchase step is 0.1 grams.
The bank independently sets the rate of purchase and sale of metal; in general, it correlates with prices for raw materials on international commodity exchanges.
You can view the current gold rate for today on metal deposits in Sberbank in the online account on the bank’s website or in the mobile application. There is also information on the value of the main currencies - the dollar and the euro.
Gold rate for today - view through Sberbank Online
Gold price in mobile application
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.
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.
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
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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.
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.
Leader of the Russian banking system
Among commercial organizations engaged in financial transactions related to the purchase or sale of precious metals, the leader is Sberbank of Russia. A quarter of the assets of the Russian banking system belong to Sberbank. A financial institution is characterized by:
- stability;
- time-tested reliability;
- online access;
- enjoys credibility among investors;
- developed network of branches;
- occupies a monopoly position in the banking sector.
More than 45% of depositors trust their savings to Sberbank, which has a long history and a reliable structure. The cost of precious metals is determined by the situation on the world market. The established currency ratio traditionally reflects the quotations on the domestic market.
