Precious metals have always been, are and will be a good opportunity for a profitable investment of money. In this article, we will look at all the details about investing in gold and silver.
Gold is generally one of the most important elements in the economy. For centuries, it has replaced money. Then money (coins) began to be produced from gold. For example, in 1923 the USSR issued a gold coin containing 7.7 grams of gold.
Investing in gold and silver has its own objective pros and cons.
I'll start with the disadvantages. I will note two points here:
Both precious metals are almost always highly volatile . No, not the metals themselves, of course. Changing their exchange rate against major world currencies. And where the price can change dramatically, super profits are possible. But possible large losses are the flip side of the coin.
Silver and especially gold are highly unpredictable . For example, the upcoming change in currencies can be predicted if fundamental analysis is carried out. We can say for sure that the rate of, say, the ruble against the dollar will fall if the Federal Reserve System strengthens the rate. For gold, such a prediction cannot be made.
The historical footprint and modern technology open up a range of investment opportunities in both gold and silver. Therefore, let's take a closer look at each of the options.
Today, this is, objectively, the most convenient and common way to invest in precious metals. Under the impersonal metal accounts (they are also called metal accounts "," OMS ") are bank accounts that keep records of stocks of precious metals belonging to the bank's clients in grams. At the same time, the metals themselves are stored in the bank. Thus, the issue of storage and logistics for investors becomes irrelevant.
All an investor needs to do is choose the required metal, see its price and buy the required amount. Then, you can sell all and part of the precious metal at any time. By the way, besides gold and silver, banks usually offer platinum and palladium.
Many banks now provide such services. Among them are Sberbank, VTB (24), Gazprombank. These are, by the way, the three largest banks in the post-Soviet space and in Russia in particular. European banks and credit institutions also provide their clients with similar services. In the Western manner, metal accounts are called "precious metals ISA", literally an individual savings account for precious metals.
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