Metal account in Sberbank

Demand for precious metals from investment funds, banks and individuals is always close to feverish. This is due to the constant increase in their cost. This way of saving and increasing money is profitable and reliable. Many financial institutions in the country sell specific products. However, today the gold rate at Sberbank of Russia is the most favorable.

What are impersonal metal accounts?

An impersonal metal account is a special account that reflects the amount of precious metal that belongs to a bank client. Its important feature is the lack of information about a specific metal manufacturer, its sample or ingot number. At the same time, the client is given the opportunity to purchase or sell metal in a jar without unnecessary formalities in the form of checking the ingots or their physical transfer from hand to hand.

In other words, compulsory medical insurance represents the right to own a precious metal, which is not accompanied by the need to search for it on the market, receive, store, check its condition and other rather burdensome and specific functions. All of the above responsibilities are assumed by the bank, which is convenient and beneficial for both parties. The client receives a reliable option for investing and saving money, and the bank gets the opportunity to attract additional financial resources.

What metals can be purchased through compulsory medical insurance?

Sberbank offers 4 types of precious metals that can be purchased for placement on compulsory medical insurance. These include:

gold (traditional designation – Au, minimum purchase size – 0.1 g). The most famous and frequently used precious metal. It is its value that often determines market trends, despite the active development of the stock and other financial markets. Therefore, it is not surprising that the gold account is the most popular among Sberbank clients;
silver (traditional designation – Ag, minimum purchase size – 1 g) Most often, it is used as a budget analogue of gold. Less valued due to greater production, which is approximately 4.5 times higher than that of gold;
platinum (traditional designation - Pt, minimum purchase size - 0.1 g) The third most popular and in demand precious metal. In terms of density, platinum is comparable to gold and alloys well with it, while being noticeably cheaper. The consequence of this is the frequent counterfeiting of gold bars using melts of two metals. When opening compulsory medical insurance, the client does not need to understand such issues, since all problems are solved by the bank, which is an important advantage of an impersonal metal account;
palladium (traditional designation - Pd, minimum purchase size - 0.1 g) The rarest and most recently discovered of the metals presented. One common use is to alloy it with gold, which suddenly changes color and becomes “white.”

How to make money on compulsory medical insurance?

The easiest way to make money on compulsory medical insurance is quite obvious. It is implemented according to the following scheme:

first, the purchase of one or more metals opens compulsory medical insurance;
then the dynamics of price changes for any of the purchased precious metals is monitored;
when quotes increase, the deposit in the metal is sold in whole or in part, resulting in a profit due to the difference with the purchase price.

Naturally, this is the most general description of the procedure for possible earnings on compulsory medical insurance. It is important to note that making a profit is not always the goal of opening an impersonal metal account. In some cases, a potential Sberbank client is guided by other important advantages when deciding to open a compulsory medical insurance, which are discussed in more detail below.

Dynamics

The features of the precious metals market and price changes on it are clearly shown by comparing the dynamics of two key parameters - the price of a troy ounce of gold (the traditional measure of weight for this metal, equal to 31.1035 grams) and the domestic MICEX stock exchange index. To obtain a more objective picture, it is advisable to consider a fairly long period - from 1998 to the current year. The first indicator is indicated in US dollars, the second - in traditional points.

Analysis of the diagram clearly demonstrates several important points:

with a stable financial and economic situation in the country, the dynamics of the price of gold is practically not inferior to the growth of the stock exchange index;
when any crisis occurs - 2 of them (in 1998 and 2008) are shown in the diagram, the third (in 2014) is not marked, but is also clearly visible - the rise in gold prices rapidly overtakes the index, which collapses no less quickly;
The huge difference in dynamics during crises allows gold to easily compensate for a slight lag during times of economic growth.

Based on the analysis, several obvious conclusions can be drawn:

gold (like other precious metals, the dynamics of which are generally similar) is a much more reliable asset than stock market shares;
when forecasting crisis phenomena, it is advisable to transfer assets into precious metals;
With a steadily growing Russian economy, it is reasonable to retain part of the assets in gold and other metals, which will provide a so-called safety cushion and safety of funds in any development of events. Moreover, not everyone is able to predict crises;
Regardless of the situation on the financial markets and in the economy, investing in gold is the most guaranteed asset, reliably preserving the owner’s funds and often allowing him to earn money.

The general conclusion with which most experts agree is the following. Gold and other precious metals in the form of compulsory medical insurance from Sberbank do not always allow you to earn a lot, but they guarantee a fairly stable income. At the same time, they will definitely eliminate the loss of the owner’s savings.

History and purchasing process

It was not always possible to purchase precious bullion or open a metal account. Bank operations with such investment instruments have been permitted since 1997. Now the vast majority of these institutions offer clients interaction when purchasing not only silver and gold, but also platinum. Many private investors choose the largest and oldest Savings Bank in the country. With its help, a buyer in Moscow or Chelyabinsk, Tomsk or Kursk will receive all the advantages when performing transactions based on experience and leading positions in the financial market.

Based on the preferences of clients, the organization sells them bars weighing up to 1 kilogram and accepts them for temporary storage. Any operations with valuable metals are carried out on the basis of a license and on a permanent basis. You can find out the cost of gold in Sberbank today at the nearest branch or online on the official website.

All measuring units comply with modern standards of domestic refineries.

Is it worth investing in compulsory medical insurance?

The decision to open a compulsory medical insurance largely depends on the preferences and needs of a potential Sberbank client. In any case, it is necessary to carefully consider the main advantages of such an investment of financial resources. First, we need to list the most important advantages of investing in precious metals:

safety of savings. The above arguments clearly demonstrated how confidently price quotes for gold and other precious metals behave even during the most serious crises;
profitability. In the long run, investing in precious metals always pays off. Moreover, quite often they bring returns that exceed any alternative investment options with much less risk;
liquidity. Demand for gold, silver, platinum and palladium is always stable. Over time, it only grows and is practically independent of increased production volumes and other factors.

In addition to the obvious advantages of investing in precious metals, it is imperative to note several impressive advantages regarding the opening of compulsory medical insurance at Sberbank. Among them:

completely eliminating the risk of loss or theft of precious metals. This is the key advantage of OMC compared to coins or bars;
ease of transactions with compulsory medical insurance. The functionality of Sberbank Online allows you to sell or buy the required amount of the desired metal within 2-3 minutes. To complete the transaction, no documents are required, all information is located in the client’s personal account of the client’s online service, and payment is made from his card;
no costs associated with transactions with bullion or coins. In this case, we are talking about searching for metal, preparing a large number of documents, storing and other similar actions. Do not forget about the taxation of such transactions, which further increases costs;
ease of control. Compulsory medical insurance opens once - upon the first purchase of precious metals. The validity period of a metal account is unlimited, which eliminates the waste of time on unnecessary formalities.

How to buy gold bars at Sberbank

To provide services for the purchase/sale of gold bars (platinum, silver and other metals), a banking institution, according to the legislation of the Russian Federation, must be equipped with:

specially equipped storage room;
scales with an accuracy of 0.01 g.

Also, the bank must have competent employees who can advise and serve clients-buyers/sellers of bullion at the highest level. Individuals, in order to invest money in gold and open a metal account with Sberbank, need a citizen’s passport or any other document that can verify their identity. Legal entities and individual entrepreneurs must provide the bank with evidence that they are registered with the Federal Tax Service. You can also buy or sell a gold bar using a notarized power of attorney. A proxy's passport is required.

Expert opinion

Anastasia Yakovleva

Bank loan officer

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During transactions involving the sale or purchase of precious metals, an authorized bank employee carries out:

external (visual) control;
determining the weight of ingots;
recalculation;
checking the results of visual inspection and recalculation for compliance with the quality certificate;
preparation of the necessary documents accompanying the transaction (transfer and acceptance certificate, cash receipts, etc.).

The documents must contain the following information:

the name of the precious metal - the object of the transaction;
sample (in ppm);
ingot mass;
unique number (cipher);
number of ingots;
total purchase amount;
the price of gold is the cost of one gram;
date of purchase/sale.

Attention! Along with the bullion, the bank employee is obliged to issue a certificate to the buyer, which confirms the quality of the product and certifies its authenticity, and also gives the right to repurchase.

List of branches where you can buy bullion

Despite the prevalence of Sberbank branches, not everyone carries out transactions with precious metals. You can view the list of Sberbank branches that offer services for the purchase/sale of gold bars, as well as find out their addresses and contact information on the bank’s official website or in the table below.

Table. Sberbank branches where you can buy/sell gold bars.

No.	City	Sberbank branch number	Branch address	Contact phone numbers
1	Irkutsk	№8586/0379	st. Nizhnyaya Naberezhnaya, 10	(3952) 28-28-44
2	Nizhny Novgorod	№9042/0110	st. Oktyabrskaya, 35
3	Kazan	№8610/0999	st. Butlerova, 44
4	Krasnoyarsk	№9031/0063	st. TV, 1 bldg. 9	8-52-22-38-62
5	Khabarovsk	№9070/0154	st. Gamarnika, 12
6	Vladivostok	№8635/0174	Okeansky pr-t, 18
7	Tyumen	№0029/0330	st. Rizhskaya, 61	(3452)592520
8	Omsk	№8634/0249	st. M. Zhukova, 4 k1	(3812)279800
9	Permian	№6984/0719	st. Monastyrskaya, 4	(342) 2102360, (342) 2102794
10	Moscow	OPERA	st. Vavilova, 19
11	Moscow	№9038/0524	st. Tverskaya, 22
12	Volgograd	№8621/	st. Kommunisticheskaya, 40	(8442) 96-53-52
13	Samara	№6991/702	st. Sovetskaya/Pobedy, 2/144	(846) 998-17-05
14	Yaroslavl	№17/0172	st. Kirova, 16	(4852)729518, (4852)731632, (4852)303992
15	Saint Petersburg	№9055/01891	st. Dumskaya, 1-3, lit. A	(812)335-10-50
16	Novosibirsk	№8047/0592	st. Serebrennikovskaya, 20	(385-2)399-389, (385-2)399-256, (385-2)399-255, (385-2)399-377.
17	Barnaul	№8644/0786	Komsomolsky Ave., 106a	(383)2122766, (383)2122740, (383)2122709, (383)2122723
18	Stavropol	№5230/0166	st. Lenina, 381	(8652)309200
19	Moscow	OPERA	st. B. Andronevskaya, 8	(495) 781-14-85; (495) 974-66-87; (495) 974-66-40
20	Ekaterinburg	№7003/0897	st. Kuibysheva, 67	(343)2533078, (343)2533079, (343)3546006, (343)3546275, (343)3546271, (800)5555550
21	Chelyabinsk	№8597/0556	Entuziastov st., 9a	(351)2671510, (351)2671452, (351)2671517
22	Voronezh	№9013/0003	Revolution Avenue, 35	(473) 272-72-62, (473) 272-72-25
23	Krasnodar	№8619/0160	st. Krasnoarmeyskaya, 34	(861)2190100
24	Rostov-on-Don	№5221/0001	st. Evdokimova, 37	(863)2878055
25	Sochi	№1806/0146	st. Voikova, 3	(8622)527137

Attention! Some Sberbank branches may only have a license to sell gold bars without the right of repurchase.

Which metal is better to invest in?

After deciding to open a compulsory medical insurance, you need to decide which precious metal is most appropriate to buy. There is one fairly simple piece of advice, which is as follows. The most reliable and at the same time effective strategy on the market is investment diversification, which involves purchasing different investment products.

The above rule is fully applicable to the precious metals market. Therefore, for beginners who do not have a sufficient set of skills and abilities to navigate the intricacies of the market, the easiest way is to purchase several different metals at once. Moreover, there are no additional costs compared to purchasing one precious metal.

The necessary conditions

In order to become the owner of a compulsory medical insurance, you must be a client of Sberbank and have a card issued by a financial institution. This is a prerequisite, since all operations for the purchase and sale of precious metals are performed directly in Sberbank Online from the card balance.

Step-by-step instruction

Sberbank offers two ways to open an impersonal metal account. The first involves a personal visit of the client to the bank’s office. In this case, you must contact an employee of the institution and follow his instructions.

However, the second option is much more often used. It provides for the following client actions:

authorization in the Sberbank Online service. To do this, you need to follow the link from the main page of the financial institution’s portal;
go to the section “Metal accounts”;
selecting the desired metal from 4 possible ones;
filling out the form that opens, which allows you to create compulsory medical insurance;
studying the terms of cooperation proposed by Sberbank and agreeing with the parameters of the agreement with the financial organization;
confirmation of purchase of the selected precious metal.

Detailed instructions on opening compulsory health insurance are provided on the Sberbank website. There is also an alternative option for moving to the opening form.

Where can I monitor price dynamics?

Sberbank provides several convenient tools for clients to work with impersonal metal accounts. First of all, we are talking about a page with quotes for precious metals. It contains comprehensive information from which the user has the opportunity to find out:

the current cost of buying and selling any of the four precious metals;
the dynamics of its change compared to the previous trading session;
dynamics of changes in metal prices for any calendar (month, quarter, six months, year) or period randomly selected by clients, starting from 08/19/2016;
graphs of price changes.

The client is given the opportunity to print any of the charts. In addition, the page contains a link to a profitability calculator, which allows the client to make the necessary calculations about the profitability of various investment options.

Using a convenient online calculator, the user has the opportunity to calculate the profitability of purchasing any of the precious metals based on the invested amount. Calculations are performed taking into account the existing dynamics of quotes and clearly demonstrate what profit could be obtained by investing funds in a particular time period.

The profitability calculator allows you to get an idea of the profitability of such an investment instrument as an impersonal metal account. In addition, it helps to better study the characteristics of the precious metals market in the short and long term. That is why for beginners who have just opened compulsory medical insurance, it is extremely important to carry out several calculations and understand the principles of operation of both the calculator itself, which will be useful in the future, and the entire market segment.

Ways to buy precious metals

If the client already knows how much 1 gram of gold costs at the official rate, all he has to do is choose a branch of a credit institution and visit it. However, not every operation requires personal presence. This is due to the fact that it is not necessary to buy metal. There are 3 ways to carry out this operation.

Purchasing bullion

An ingot is a piece of gold in the form of a tile. It has a mirror surface and markings, and can be measured or standard. The appearance and characteristics of the first type of ingots are established by GOST R 51572−2000:

Weight - 1, 5, 10, 20, 50, 100, 250, 500, 1000 g.
The minimum weight deviation is 0.03 g, the maximum is 0.1 g.
The height can be any, length and width are standardized.
Chemical composition: at least 99.99% metal.
On the front side in an oval there is the inscription “Russia”, weight, name of the resource (gold), hallmark, manufacturer’s mark and serial number.
Each ingot is packed in polyethylene and has a certificate. It includes the release date and characteristics. The signature of the person responsible for the quality of the products is required.

GOST 28058 −2015 has been developed for standard products. He instructs:

The shape of a truncated pyramid.
Smooth surface. No sagging, damage, or foreign inclusions.
Stripping dips of up to 1 mm are allowed, as well as shrinkage concavities of up to 5 mm.
The weight can be anything - ranging from 11 to 13.3 kg with a deviation of 0.03 g for the smallest and 0.1 g for the heaviest.
Length - 229-254 mm, width - 59-88 mm. Deviation from these parameters is possible by no more than 5 mm. Height - 25 mm with a difference of up to 8 mm.
The established minimum sample is 99.9%.
The markings and packaging are the same as for measuring ingots. However, GOST allows, by agreement with the consumer, to change the weight and shape.

To buy gold at Sberbank, you need to find a branch that has permission to sell precious metals. Then you need to do the following:

Visit him with your passport and agree on a deal with the manager.
Inspect the ingot and weigh it. It is important to pay attention to the packaging. It should not be damaged. Otherwise, Sberbank will not buy the gold back.
Draw up an acceptance certificate and pay for the purchase.
Receive a check.
If desired, you can leave the bullion for storage in a bank.

Metal contribution

The dynamics of changes in the cost of precious metals shows that purchasing them in their natural form is not entirely profitable. They buy jars of products much cheaper. And there is also one more nuance - payment of VAT at a rate of 18%. You can take advantage of the offer that most financial institutions have. These are impersonal metal accounts - compulsory medical insurance.

In such a case, the client does not come into contact with gold directly: it is an investment asset, and is also sold and bought. The cost is set by the bank 2 times a day - at 9.30 and 19.30. When compiling a price list, analysts take into account many factors:

the policies of your institution;
Central Bank rate;
graphs of price fluctuations on the general market.

The minimum gold equivalent when opening such a perpetual deposit is 0.1 grams. There are no restrictions on purchase and sale transactions. The minimum balance has not been established either. The account may be reset. The big advantage of such a service is the absence of VAT and a slightly lower exchange rate compared to the purchase of living metal. Sberbank also has no commission, since real bullion is not involved in the transaction. In addition, the following positive aspects can be listed:

increase in profit when the cost of the resource increases;
speed of registration;
free service;
You can get real gold, but in this case you will have to pay VAT.

Opening a compulsory medical insurance is as easy as opening a regular account. In such a situation, there are 2 options. You can come to the nearest branch and contact a consultant, or do this through the Sberbank Online application. First of all, it is necessary to clarify at what rate the calculation will be made. If you are satisfied with it, then you can proceed to making a deposit.

When a client personally visits the office, the operator must open a personal account for him. You can use what you already have.

After signing the documents, funds for the deposit will be received immediately. Online shopping is easier. If a person is registered in the Sberbank Online system, then he has an open account or card of this organization. In this case, the procedure is as follows:

Log in to your personal account using your login and password.
Open the “Metal Accounts” section.
Select “Gold”.
Fill in the required fields in the form provided.
Read the terms and conditions of the operation.
Pay for the required amount of metal.

Precious coins

This method is also used as an investment by many investors. It is better to use it on a long-term basis - from 12 months or more. Gold is a fairly conservative investment instrument. His violent outbursts happen infrequently. The buyer will receive a more or less tangible profit in 2-3 years due to the appreciation of the exchange rate. Also, some coins may be of value to collectors and antique dealers.

The exchange rate of such monetary units is directly influenced not only by the cost of the metal, but also by a number of other factors:

complexity of coinage;
embedded gemstones and applied holograms;
number of coins in circulation;
characteristics.

There are examples that are masterpieces of jewelry art. In this case, the quotation depends on the price of raw materials to the least extent. The greatest influence is exerted by the collection value and appearance of the coin.

Investment and commemorative banknotes must be handled with extreme caution. For their production, 999 gold is used, which is very soft and easily loses its original appearance. There are samples with a mirror surface, in the manufacture of which the Proof technique is used. It is better not to touch such coins. Otherwise, collectors and banks will not be interested in them.

Taxes on compulsory medical insurance

To date, there is no well-developed regulatory framework regarding the taxation of impersonal metal accounts. As a result, even experts in finance and taxes do not have a common opinion on how to correctly calculate and pay taxes on possible income or property. Moreover, it is not always clear who exactly should do this - the bank or its client.

Most experts believe that only income from exchange rate differences received from the sale of precious metals to a bank should be taxed if the purchase price exceeds the purchase price when the compulsory medical insurance is valid for more than 3 years. In this case, income must be declared by the client himself at the end of the year, after which tax is calculated and paid.

It is important to note that there are no other taxes - VAT, property taxes, etc. – you don’t need to pay, which is an important advantage of such operations. At least according to most experts. Moreover, it is possible to close the account every three years.

In any case, it is necessary to understand that the opening of compulsory medical insurance and related transactions with precious metals is not the most interesting topic for fiscal services. It should be recognized that this is also a significant advantage of the impersonal metal account of Sberbank.

Pros and cons of a metal account at Sberbank

A standard disadvantage of an impersonal metal account is the lack of compulsory insurance, as is customary for ordinary bank deposits. However, in relation to Sberbank, this shortcoming is difficult to recognize as real, given the stability of the financial situation and the organization’s place in the domestic economy. Another possible disadvantage is the instability of precious metals prices in the short term. But even in this case, it must be recognized that any other alternative investment options are inferior to gold and other precious metals in this indicator.

Otherwise, opening a compulsory medical insurance at Sberbank provides the client with several significant advantages, including:

safety of investments not dependent on inflation;
reliability of a deposit in the country's largest bank;
ease of opening an account;
no need to store bars or coins;
high level of asset liquidity;
a convenient scheme for performing transactions with precious metals using a Sberbank card and remote service services;
stable income that the client receives in the long term.

Features of compulsory medical insurance

Let's look at what key features an individual should pay attention to if he wants to open a gold deposit with Sberbank.

Advantages

The significant advantages of compulsory medical insurance are:

free service – an account is opened for free, no commission is charged for the purchase and sale of metal;
the ability to open a gold deposit online using Internet banking or a mobile application;
convenient management – the sale and purchase of gold through compulsory health insurance is carried out around the clock, right from home;
such gold cannot be stolen or damaged;
the price of compulsory medical insurance changes in accordance with the real exchange rate of precious metals;
the deposit is unlimited, there is no need to renew it;
the deposit can be opened in the name of a minor child. At the same time, investments are reliably protected by law. Any expense transactions on the deposit, if the child is not yet 14 years old, are allowed to be carried out only with the permission of the guardianship and trusteeship authorities, and from 14 - by him personally with the written permission of the legal representative.

Such a deposit protects funds from inflation. If you look at the dynamics of the price of gold, it becomes clear that it is practically not affected by global crises and quickly recovers in value after a fall in price.

Flaws

But among the disadvantages it is worth noting:

interest is not accrued on gold deposits at Sberbank;
fairly high spreads;
limited liquidity - you can sell gold with compulsory medical insurance only to Sberbank itself;
funds for compulsory medical insurance are not insured by the DIA, and if the bank’s license is revoked, they “burn out” (however, the likelihood of Sberbank’s license being revoked is negligible);
the need to pay extra for the delivery of physical gold.

As for taxation, when selling gold with compulsory medical insurance, you will need to pay income tax (13%) on profit. The declaration will need to be submitted independently - Sberbank does not act as a tax agent for compulsory medical insurance and does not calculate the client’s profit.

How to make money on metal deposits

Many people wonder whether it is profitable to open a deposit in gold at Sberbank? To answer this, you need to clarify a few points:

there is no interest accrual on gold deposits;
profit is generated by the difference between the purchase and sale prices;
Sberbank regulates the rate of precious metals in accordance with world prices;
there is a significant difference between the purchase and sale prices - the spread (the bank always sells at a higher price and buys at a lower price);
the spread can range from 3% to 10% of the price (depending on market volatility).

You can make money on this type of deposit only if the price of the asset increases – i.e. for the gold itself. However, the growth must be significant to overtake the spread. So, if the difference between the purchase and sale prices is 5%, then the price should increase by more than 5%.

The price of gold in the short term may not increase or even fall; you need to be prepared for this. Typically, investments in precious metals are made for several years.

Metal deposits combine especially well with deposits in dollars. From time immemorial, a relationship has been established in stock markets: when the price of gold rises, the dollar falls (and vice versa). Sberbank's foreign currency deposit will help mitigate the risks of loss due to price fluctuations.

Gold rate today

The most convenient way to monitor changes in the gold rate in Sberbank's compulsory medical insurance is on the bank's official website, here is the link: Online precious metals quotes.

Here you can print a chart for the period you select.

Please note that monitoring the issuance of quotes for the purchase of gold from Sberbank showed that the bank fixes the most unfavorable spread (the difference between purchase and sale) on weekends and at night. The most favorable quotes are on weekdays during business hours.