Depersonalized metal accounts

Depersonalized metal accounts(OMC) are accounts opened by a bank for accounting for precious metals. Their profitability depends on the dynamics of prices for the metal in which the account is opened. You can open accounts in four types of metals: gold, silver, platinum and palladium. Account opening and maintenance are usually free of charge. But when closing accounts, clients incur small costs, since they receive the amount set by the bank based on the purchase rate of a particular metal. The spread between the purchase price and the sale price for each bank is, as a rule, a few percent. This spread, in fact, is the basis for the bank's profit from opening and maintaining metal accounts.

Crediting to OMS and issuing from it can be carried out both directly with precious metal and in money - in this case, the bank buys or sells metal for rubles (or currency) at the rate set for the current date. It should be noted that the purchase of metal for crediting to the compulsory medical insurance is not subject to value added tax. The tax would arise if the client purchased metal in bullions for storage outside the bank's specialized vault.

During the period of rapid growth in the cost of precious metals in 2009, holders of compulsory medical insurance could receive a yield of up to 20-30% per annum. But the compulsory medical insurance has a serious drawback - it does not apply to them.

Depersonalized Metal Account - How profitable is it?

Depersonalized metal accounts (OMS)

- Depersonalized metal accounts (OMS)
- Types of compulsory medical insurance
- Pros and cons of Depersonalized metal accounts
- Profitability
- Metal accounts with Sberbank
- Metal accounts in VTB24
- Conclusion

OMC are accounts opened by a bank for accounting for precious metals. That is, this is an account that reflects the precious metal owned by the client in grams without indicating its individual characteristics (number of bars, fineness, manufacturer, serial number, etc.).

Their profitability depends on the dynamics of prices for the metal in which the account is opened. You can open accounts in four types of metals: gold, silver, platinum and palladium. Account opening and maintenance are usually free of charge. But when closing accounts, clients incur small costs, since they receive the amount set by the bank based on the purchase rate of a particular metal. The spread between the purchase price and the sale price for each bank is, as a rule, a few percent. This spread, in fact, is the basis for the bank's profit from opening and maintaining metal accounts.

During the period of rapid growth in the cost of precious metals in 2009, holders of compulsory medical insurance could receive a yield of up to 20-30% per annum. But the CHI has a serious drawback - they are not covered by the deposit insurance system.

Types of compulsory medical insurance

Which form of compulsory medical insurance to choose depends on individual preferences and conditions of various banks. There are two types of compulsory medical insurance.

Urgent unallocated metal accounts.
The agreement with the bank is concluded for a certain, pre-agreed period, with a fixed interest rate. Interest is paid at the end of the term. Moreover, you can choose in what form you are charged interest (in gold or rubles). In case of early termination of the contract, interest is not paid.

OMS "On Demand".
There are no hard deadlines here. You can withdraw or replenish your OMS at any time. The price to pay for this freedom will be no interest. That is, you will receive profit only due to the difference in rates.
Pros and cons of Depersonalized metal accounts.

Pros and cons of Depersonalized metal accounts

The main advantages of compulsory medical insurance:

Preservation and augmentation of their funds in the context of the global financial crisis.
Unlike transactions in physical metal, compulsory medical insurance is not subject to VAT.
High liquidity. You can close your account at any time by selling metal.
No problems with storage and transportation of metal.
Low entry threshold (especially important for small capital).

Read the article on what is.

The main disadvantages of compulsory medical insurance:

Depersonalized metal accounts are not subject to the deposit insurance law.
This means that in the event of an unexpected bank closure, amounts even less than RUB 700,000 will not be reimbursed. Therefore, choose only the most reliable state-owned banks.

Various conditions offered by banks.
These differences are inherent in the spread, that is, the difference between the buy and sell prices. Choose banks with the most favorable conditions.

Usually, banks do not accrue interest on the balance of precious metal on OMS.

When selling metal, it is necessary file an income tax return and pay income tax on profits if the unallocated metal has been owned for less than 3 years (13% for residents). In this case, you can use a property deduction of up to 250,000 rubles.

Profitability

Metal accounts without interest income.
The income of OMS holders is formed only due to the growth in the cost of precious metals on world markets, if any.

Metal accounts with accrual of interest income.
Interest income is accrued only if the metal account is registered as a deposit in precious metals with a specific shelf life. The total income of holders of deposits is formed at the expense of interest accrued in precious metals (grams), and the increase in the value of precious metals on world markets during this period.

Depersonalized metal account.
Convenient investment in precious metals. On the other hand, if the bank stops serving clients, it will be impossible to perform actions with the metal account, while the metal in the form of ingots is always available to the owner.

An impersonal metal account does not participate in the bank insurance system.

Metal accounts with Sberbank

By playing on the quotes of precious metals, the owner of the OMS can receive income in the same way as when playing on the stock market.

Benefits of unallocated metal accounts:

The possibility of earning income due to the growth in the cost of precious metals.
Instant purchase / sale of metal at the time of circulation.
No VAT on the purchase and sale of precious metals in an impersonal form.
A good alternative to the stock market.
Free account opening and maintenance.
The possibility of issuing compulsory medical insurance for a minor.

It's important to know:

Make sure that it is technically possible to open a compulsory medical insurance company in your chosen branch, as well as the possibility of purchasing unallocated metal by debiting funds from your account.

Depersonalized metal accounts are not subject to the deposit insurance law.

In accordance with the tax legislation of the Russian Federation, when receiving income from the sale of precious metals, including transactions with compulsory medical insurance, individuals independently calculate and pay personal income tax. Personal income tax is not subject to income received from the sale of precious metals that have been in the ownership of an individual for three years or more. An individual is entitled to a property tax deduction.

Metal accounts in VTB24

Operations with CHI can be performed in VTB24-Online only for clients with online accounts, in any place convenient for you.

Buy an impersonal precious metal from a bank for Russian rubles;
sell an impersonal precious metal to a bank for Russian rubles;
transfer precious metals to other unallocated accounts opened in your name with VTB24 in the same metal.

The Bank is not a tax agent for operations with CHI, i.e. you independently calculate and pay tax on the sale of impersonal metal:

Main advantages:

No VAT on the purchase of metal;
the ability to sell and buy precious metals at any time;
no problems with storage, certification and transportation of physical metal;
the opportunity to receive a high income due to the rise in metal prices;
the ability to diversify your savings;
simplified procedure for buying and selling metal.

You can top up your metal account:

When buying metal from a bank.

Your account will be credited with an amount of precious metal equivalent to the amount paid in rubles based on the current sales rate of VTB24. At the same time, the amount of purchased metal is not limited by the weight standards of ingots (as in the case of a physical purchase) and depends only on your desire.

By transferring metal from other OMS in the same metal, opened in your name at VTB24.

Expenditure transactions for compulsory medical insurance:

You can sell precious metal to the bank from your OMS for Russian rubles at the VTB24 purchase rate. The equivalent of the money for the metal will be credited to your checking account.

You can also transfer a precious metal from one OMC to another. It is important that both OMCs were opened in your name at VTB24 in the same metal.

Features of operations with compulsory medical insurance:

The minimum size of the purchase and sale of precious metal:
for silver - at least 1 g;
for gold, platinum and palladium - minimum 0.1 g.
there is no minimum minimum balance;
interest on the balance of precious metal on the compulsory medical insurance is not charged;
account transactions are carried out without physical delivery of metal, i.e. acceptance and delivery of precious metals in the form of ingots and coins (in physical form) are not performed;
the term of the contract for an impersonal metal account is not limited;
transactions on the account are carried out in accordance with the bank's tariffs;
the storage of funds in the compulsory medical insurance does not fall within the scope of the law on insurance of deposits of individuals, respectively, they are not covered by the guarantees of the deposit insurance system, of which VTB24 is a member.

Conclusion

The compulsory medical insurance is the best investment tool for increasing and preserving savings when the world is unstable. This type of investment is calculated for a long period of time. It is more suitable for conservative investors, since with their help you can make a profit with minimal risks.

Don't forget about diversification as well, so you need to pay special attention to a few of the most popular metals.

Hello friends.

Today we'll talk about personal finance. More precisely, I will share my (over 3 years) experience of investing in unallocated metal accounts of OMS. I'll tell you about the features, pros and cons of this type of investment.

What is CHI? In essence, this is a bank account, which is measured in grams of precious metal and depends on its current rate. That is, you do not put money on your account, but buy, for example, a kilogram of gold for 1,672,000 rubles (this is today at the rate of savings in my hometown). And your account will not have an amount of 1,672,000 rubles, but a kilogram of gold. And whether the price of a kilogram of gold rises will determine whether the value of your account rises.

In this case, we must not forget about the spread. For those who don't know, the spread is the difference between the buy and sell prices. At the moment, the spread for gold is 49 rubles per gram, on the Sberbank website.

And although you will know that you have a kilogram of gold on your account, you must understand that this is only a conventional kilogram. This is one of the reasons why OMS is called “paper gold”. If you want to get your hands on it in the form of a bullion and store it in a safe deposit box, you will have to pay 18% VAT. And then, if you suddenly want to sell it and get its equivalent in rubles, pay 18% VAT again. Therefore, it is unprofitable to buy gold bars in our country. While gold is in “paper form”, you do not pay VAT and can cash it out in rubles.

There are several more points related to the turnover of precious metals in the world. Fairly high speculativeness in this area. We observed this with the growth of the “golden bubble”, which burst in the spring of 2012. In the previous year prior to that, gold and silver prices rose rapidly and rose by a third, and then fell back to their previous level and have not yet recovered. So those who opened OMS in gold and silver since mid-2011 lost money and even a simple deposit in the bank would bring them much more. By the way, a curious moment, the information on the schedule is available on the Sberbank website only from 01/08/2013, I think this was done on purpose. Before that, for a couple of years, the metals showed a drop in value and, apparently, in order not to scare away potential customers, they decided not to show a longer chart. When I opened an account, the chart has been available since 2001. But everything is beautiful on their chart, everything is growing.

Here is a more informative graph showing gold price dynamics since 2011.

dynamics of the price of a troy ounce of gold

The main advantages of compulsory medical insurance:

- This is a bank account, you do not have to be afraid that it will be stolen from you, as happens with physical gold, and you do not need to pay for a safe deposit box to store bars or coins.

- You can quickly cash out part of the account and withdraw even through an ATM.

- The rate of metals usually grows over a long period of time. However, mainly due to inflation.

- Physical precious metals are potentially susceptible to deterioration. There is a known case when several gold coins bought in a savings bank and stored in a safe deposit box partially oxidized and the bank refused to buy them back.

Cons of compulsory medical insurance:

- This is "paper gold" and it does not fall under the law on deposit insurance, so choosing an unreliable bank there is a risk of losing everything.

- This is a very conservative and low-income type of investment, and in order to get income you need to invest on the “put and forget” principle, with a minimum horizon of 10 years.

- Large spread, equal to about 3% for gold, 6% for silver. For comparison, the spread of the dollar rates is 2.6%

- In accordance with the tax legislation of the Russian Federation, when receiving income from the sale of precious metals, including transactions with compulsory medical insurance, individuals independently calculate and pay personal income tax. Only those who own the CHI for 3 years or more receive exemption from personal income tax.

Based on all of the above, OMC is an investment tool that requires management skills. If you are not afraid of difficulties and you want to improve your financial literacy, you can learn more about this from the article. An easier option is to buy investment coins. In this case, you do not pay VAT, as it is not a bullion, and you own physical gold, which also has additional value due to the decoration of the coin. In this case, it is necessary to resolve the issue of their storage. Coins are bought for long-term investment. As a rule, they are sold in packaging that cannot be opened. Some banks refuse to redeem coins with broken packaging.

Good luck with your investment! If you have any questions, write in the comments, I will answer everyone. I would be glad if you share your experience.

♦ Heading:.

Hello friends! Today we will consider the question: is a metal account with Sberbank profitable, its pros and cons, we will study the reviews and answer the question - is it worth opening a metal deposit, investing money in it in order to earn money.

Precious metals have traditionally been considered a more stable monetary value than conventional paper money. One of the manifestations of modern ideas about the value of precious metals can be considered metal accounts (abbreviated - OMS), which can be opened in Sberbank. The prospect of operating in precious metals, the equivalent value of which does not depend on currencies, looks certainly attractive.

What is compulsory medical insurance - an impersonal metal account

Depersonalized metal accounts were conceived as a real alternative to cash deposits... The instability of the world market and frequent economic crises contribute to the fact that businessmen prefer gold, silver or platinum to standard foreign exchange investments.

Sberbank provides all the necessary services for this - the client does not have to worry about the storage of the asset, and the very procedure for buying a precious metal under the terms of opening a compulsory medical insurance is simple. You need to choose one of four types of assets - silver, gold, platinum, palladium.

At the same time, keep in mind that the asset is not issued to your hands. The client has the right to invest, redistribute assets and receive appropriate profit, transfer by agreement to another person, buy or sell, however, they will be located on the territory of the bank. In the event that you decide to pick up your asset from the territory of the bank, you will need to pay all VAT requirements (18 percent of the value of the bar).

How to profitably make money on compulsory medical insurance

Depersonalized metal accounts are opened on special conditions when compared with other credit services. You can both make money on this and lose money on the difference in the exchange rate.

Sberbank is committed to setting a minimum threshold for the asset being sold. It corresponds to 0.1 g for gold, platinum and palladium, and 1 g for silver. You pay only for the purchase of the asset itself; additional funds are not required for the implementation of the service.

There is no minimum threshold for the amount of profit, that is, the client can withdraw all cash after the operation, and the OMS will not close. There is also no maximum threshold, you decide how much metal you will keep in the bank, but assets of one type of metal cannot be transferred to another.

Opening of compulsory medical insurance carries a certain amount of risk, since these deposits cannot be insured, which we will discuss in detail below.

What is the difference between compulsory medical insurance and a regular cash deposit

Cash contribution implies the presence of real currency in your account - national or international. In other words, you are operating with real amounts of 1000 rubles, dollars or euros. OMC is calculated in grams, while in case of profit, the client receives an amount in rubles, which is converted into currency in relation to the price per gram of gold.

A special condition is the opening of an impersonal compulsory medical insurance in Sberbank with the physical, that is, real introduction of a measured ingot of gold or other metal. Its compliance with the standards is assessed by a special commission. In other cases, the client pays in rubles an amount equal to the amount of metal in grams.

Is it worth investing in a metal account

Metal deposits are a kind of investment for the future. Investment in precious metals for individuals does not have an interest rate to be paid to the bank, but you can get real benefits only if there are serious increases in the price of the precious metal. Sberbank, like other banks, depends on the established rates for gold according to daily criteria from the Central Bank (you can find them on the official website).

Sberbank, in turn, is adjusting its own adjustments for the opening of OMS: the sale price is overstated in relation to the Central Bank rate, the purchase price is understated. In theory, it looks like this: if the Central Bank rate for a gram of gold is 1600 rubles, you buy one gram in Sberbank for 1700 rubles. Decide to sell it on the same day for 1500 rubles, and you will lose 200. But if in a week or a month the price per gram of gold, according to the Central Bank, rises to 1900, you will start making a profit.

The world supply of precious metals is limited, so, according to the logic, over time, the price for them will only grow. Add to this a more stable position in relation to national currencies, and you have a completely reliable vehicle for long-term profit. In the last 10 years alone, taking into account all the nuances, the price per gram of gold has grown from 500 to 2300 rubles.

At the same time, it is unlikely that it will be possible to constantly make a profit with the help of compulsory medical insurance. Precious metal prices fluctuate throughout the year, and if you make a good profit in one month, you may well lose it in the next.

The opening of the CHI should be approached competently, trying to predict the price policy of the Central Bank. Monitor inflation processes as closely as possible.

We open compulsory medical insurance in Sberbank

The most convenient option for opening a CHI is through the Internet. This is due to the fact that not every branch of Sberbank works with such categories of accounts.

To open an OMC, you must:

Have your passport and TIN with you.
Be a citizen of the Russian Federation.
Make a purchase of gold, palladium, platinum from 0.1 g or silver from 1 g (there is no maximum threshold for buying precious metals).

Compulsory health insurance can also be opened for a child over 14 years old, provided there is a legal representative.

Opening a metal account has a number of unconditional advantages, including:

No fees for opening the service.
The purchase or sale of precious metals is made on the spot, “here and now”.
No VAT on transactions in the event that you work with precious metals under the terms of compulsory medical insurance. Handing out gold means full payment of VAT.
Account management is absolutely free, there is no minimum balance threshold.

Pay attention to the following points:

The agreement to transfer ownership of the account must be certified by a notary.
Money transfers from OMS are not carried out. To do this, you need to withdraw money. In addition, not every bank provides services for working with precious metals, as we have repeatedly reported.

Precious metals are located on the territory of the bank vault, and they are not used by the bank itself as credit funds. If the client expresses a desire to receive bars of gold or other metal, employees are obliged to carry out his request at the first request.

Commission is paid for the following services:

Export of precious metal in physical form. In this case, the client pays VAT at 18 percent of the value of the bar.
Bullion transportation to another bank.
Opening and closing.

Open OMC with your precious metal ingot

When opening an account with your own bullion, you must have all the documentation (certificates from the manufacturer of the bullion, which will indicate the serial number and sample). If the metal meets all the standards and regulations of the country, the depositor fills out a written order to transfer the ingots to the Sberbank vault. During registration, the ingots undergo control, they are examined by specialists (both visually and with the help of technical means). A legal acceptance-transfer agreement in two copies is signed with the depositor. One of the copies is given to the client.

If the bullion does not meet the established criteria, Sberbank has the right to refuse the depositor.

Upon the expiration of the term specified in the contract, the customer is returned to the ingot that was left for storage.

Who can open CHI

Opening accounts is available to adult citizens of Russia. If the parents decide to open an account in the name of a child under the age of 14, the document is drawn up for a legal representative.

The list of documents for opening an account for a child under 18 years old differs, depending on the status of the person who applies. For example, a parent must provide a child's birth certificate, a guardian - a certificate or a certificate from the guardianship authorities, a citizen of the Russian Federation aged 14 to 18 years - a written permission from a legal representative.

Persons under the age of 14 cannot independently manage deposits. The account is operated by a legal representative in the presence of documents on permission from the guardianship authorities. After reaching the age of 14, the depositor himself uses the money, but with the written consent already from the legal representative. Signature and date of application are required. Also, with written permission, the owner of the CHI who has reached the age of 14 can transfer the contribution to another person. For this, a special power of attorney is filled in, certified by a notary. For persons over 18 years of age, there are no restrictions on maintaining a deposit.

Pros and cons of opening a metal account with Sberbank

Summing up, it should be said that the owner of the compulsory medical insurance has a number of undeniable advantages:

Money is kept in its “real value”, much less subject to the effects of inflation.
In the event of an increase in market prices for precious metals, the depositor receives a real profit, despite the fact that the bank does not require commission payments when withdrawing funds.
Depersonalized accounts with precious metals are much more liquid than real bullion. When the latter is received by the bank from an individual or legal entity, a long process of checking with specialists for compliance with the standards of the Russian Federation follows. The bank always has the right to refuse a client, while impersonal funds are quickly converted into cash and banks always redeem such funds.
OMS is not taxed on income from an individual (if open for up to 3 years) and is not subject to VAT.
The risk for the safety of precious metals lies entirely with the bank in which the deposit was opened.

At the same time, opening an impersonal metal account is associated with a certain risk. First of all, this is the lack of insurance for impersonal bank deposits. If the bank goes bankrupt, you are unlikely to see your money. Also, each bank, at its discretion, exposes the difference between the actual exchange rate of the Central Bank for precious metals and the purchase / sale cost. An inattentive investor can accidentally lose a lot of money on this.

Finally

The profitable value of unallocated metal accounts is a controversial issue. If you want to have real profits from buying and selling precious metals every month, you are unlikely to get real profits from this. The market is now more stable than before, and if 10 years ago many investors could make millions from manipulations, today OMC can act rather as a reliable way to store currency. Precious metals are less prone to inflation and do not depend on financial crises, to this it is worth adding the fact that over the years the price of gold, platinum, silver and palladium is growing steadily.

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Fill out the form to ask your question:

Deposits in a metal account with Sberbank are an excellent alternative to investing funds in dollar or ruble equivalent. The most popular are the unallocated metal accounts of the OMS, deposits in which are usually sold by the bank's clients in the equivalent of a certain amount of precious metal.

Investment product of a new format

There are two types of metal accounts:

Responsible account, implying the transfer of real bullions of precious metals to the bank, where they are assigned individual numbers. The Bank is responsible for their safety during the contractual period of time of cooperation with the client on the basis of investment rights.
Depersonalized accounts, which are an alternative to standard responsible products, in which impersonal equivalents of precious metals are used for deposits instead of currency.

Distinguish urgent and current OMS:

Urgent Products imply their activation on the basis of an agreement, in which there must be sections on the term of cooperation and the amount of the interest rate. If the client terminates the term of the agreement ahead of schedule, the profit from the interest will not be paid to him.
Current CHI imply the storage of investment products without calculating interest rates. The client makes a profit by changing the quotations of the financial instrument.

Investment features

Investing in precious metals has its own characteristics:

the product is available only to residents of the Russian Federation;
the investment procedure is carried out in a banking institution;
the investment can be gold, silver, platinum or palladium;
the ability to conduct diverse financial transactions with precious metals;
dependence of the main income of investors not on interest charges, but on the increase in the value of precious metals.

How to open

To open an impersonal metal account, there is no need to provide a financial institution with bullion of precious metals. The client buys and simultaneously invests virtual bars at the cost set by the bank.

The implementation of the event by an individual takes place in several stages:

Providing the specialists of the banking institution with documents confirming the identity of the applicant - a passport of a citizen of the Russian Federation and an individual tax number.
Filling out an application for opening an account.
Signing a cooperation agreement
Registration of papers for the acceptance of precious metals from the client to the bank.

The procedure for a legal entity is similar, with the exception of the documents required for submission:

passport and TIN of the head of a business entity;
certificate of state registration;
certificates from the State Inspection and Tax Inspectorate.

Financial operations

Financial activities carried out with an account imply operations:

opening and closing an account;
purchases and sales of precious metals at the exchange rate of the bank;
money transfer;
withdrawal of money in the form of banknotes or in the form of an ingot.

Depositor's expenses

After activating the investment program, the depositor may be exposed to costs associated with the nuances of the account and its features:

the difference between the purchase and sale price;
commission for carrying out financial transactions with invested funds in the equivalent of precious metals;
taxes charged when performing certain actions with the account.

Financial institutions belonging to the category of commercial, independently make decisions on the formation of a price range between the cost of buying and selling the subject of investment. These values are not regulated by law. Each bank has its own value of the spread, the value of which corresponds to from 2 to 10 percent of the value of the metal.

The need to pay taxes occurs when cash or bullion is withdrawn from the account.

closing an account and handing out ingots is taxed at the rate of 18% from the total cost of precious metal;
withdrawals are taxed at the tax rate 13% .

Income tax is paid twice in a situation when the depositor opened an account in bullion and wants to get it back upon closing.

Which metal account is more profitable to open with Sberbank

When opening a metal bank account, many clients ask themselves which metal to choose for investment. When making a decision, financiers recommend taking into account:

individual characteristics of precious metals;
the size of the spread;
the degree of influence on the value of quotations of political and economic events of world and regional significance.

Banking organizations offer investment products:

gold;
silver;
palladium;
platinum.

Silver

Silver has low volatility, however, there are short-term jumps in some time periods. These factors determine the possibility of receiving unstable income and a high risk of not receiving it.

Silver buy and sell quotes 2007-2011

For this reason, when investing in silver, it is better to open accounts that provide a profit from interest.

Gold

When carrying out analytical work on the financial chart of changes in gold quotes, you can see that they obey the market laws of movement and are directly dependent on the dollar futures. At the same time, the movement of quotations of the two trading instruments is multidirectional.

Gold buying and selling quotes 2007 - 2011

Investments in gold involve lower risks, but also a lower percentage of profitability... Knowing how to correctly predict the behavior of a financial instrument, you can make good money while waiting for the growth of quotations.

Palladium

The price of the precious metal is constantly growing, since it is common in the industry. According to expert estimates, there are many of its deposits on the planet, however, it is very difficult to extract the metal, which causes its high price.

Platinum

In connection with the era of the global and economic crisis, there has recently been a drop in quotations of the financial instrument - platinum, which leads to a lack of demand for it. Financiers suggest that precious metal will soon become unpopular due to low production profitability, which determines the directly proportional dependence on the state and characteristics of the world economy.

Advantages and disadvantages

Investing in OMC has many advantages over owning gold in the form of a tangible precious metal, related to the facts:

lack of VAT accounting for financial transactions;
high liquidity, which makes it possible to withdraw funds within one business day;
the ability to distribute risks across multiple portfolios;
no need to take care of the safety of property, as well as to verify its authenticity, integrity and weight;
cashing out funds does not require the sale of bullion, it is enough to issue a corresponding application in the bank;
the possibility of cashing in bars;
the cost of the metal does not need to include the costs of its transportation, manufacturing and storage;
the bank's responsibility for the risk of losing metal;
upon reaching the three-year term, the profit received from the sale of the product is not taxed;
the purchase of precious metals upon activation of a banking product is not subject to VAT;
the possibility of investment from 1 gram of jewelry;
free product activation;
no commissions when conducting transactions with the account;
lack of a minimum balance that allows you to close an account without having an investment product on it;
the possibility of preserving, and under favorable conditions and augmentation of property;
minimal risk of losing money.

When comparing a traditional deposit with a metal one, the benefit is not obvious, since it is directly related to events that cause a fall or rise in the quotations of a financial instrument.

The disadvantages of investing in gold include the facts:

Dependence of the profit indicator on the market change in the price of a precious metal.
Lack of investment deposit insurance, since its type is not included in the list of mandatory products for the insurance program. This leads to a high probability of loss of invested funds in case of revocation of the bank's license.
Financial transactions, the elements of which are precious metals, are not subject to taxation by the bank, since the institution is not a tax agent. Therefore, investors must independently make personal income tax deductions in the amount of 13% of the income received and file a tax return.
Double exchange rate risk, in which the deposit is considered profitable if the price of the Russian ruble falls with an increase in the price per ounce.
When the account is activated, the cost of the precious metal on it is automatically reduced by the bank rate that determines the size of the spread.

When OMC is beneficial

To understand whether a metal account with Sberbank is profitable, you should first, before opening it, carry out analytical work.

It is worth considering that you need to pay for those categories of metals, the quotes of which tend to grow. This will lead to the possibility of additional profit.

Upon activation of an investment product, you should take into account the size of the spread... With its value approaching 10% of the value of the metal, the contribution will be unprofitable due to the destruction of profits due to the large difference between the purchase and sale prices.

For inexperienced investors who have no idea about the laws of movement of quotations of precious metals, it is better to make an investment in a ruble or dollar deposit. Alternatively, you can choose to buy shares in precious metals mining companies.

Different approaches to the idea of investing

In order to understand whether it is profitable to open a metal account with Sberbank, you should objectively assess your awareness:

on the precious metals market;
about the main criteria that determine market movements;
on the rules for risk diversification.

There are two types of investors in the precious metals market:

conservative;
speculator.

Conservatives usually open fixed-term accounts. They make a profit on the expiration of the investment agreement. They risk losing all interest and incurring losses in excess of their own funds in the event of a sharp drop in quotations.

Speculators open OMC for an unlimited period, during which they constantly make financial transactions regarding purchases and sales of precious metals. Each of their transactions is accompanied by a profit. However, to work according to such a scheme, it is important to have special skills in predicting the behavior of quotations of a financial instrument.

It is difficult to answer the question of investing in metal accounts, whether it is profitable or not to realize such attempts to make money - there is no definite answer to the question. However, it is worth remembering that money is only where there are risks and knowledge.