Many people choose to invest their savings in purchasing metals. Today, bullion of precious metals can be purchased at banks in the country, which in the interests of the client have the right to buy and sell them.
Prices in all financial institutions are different and can vary in a fairly significant range. The advantage of investing savings in the purchase of gold or silver bars is that in the future with their help you can significantly increase your financial condition.
Financial risks
It is worth buying bullion only from trusted, authorized organizations. When dealing with bullion, you need to pay close attention to their current physical condition. They should be free of any visible scratches or chipped parts.
When buying a small amount of gold or silver, you can buy real bars, but when working with large volumes of precious metals, operations are carried out in absentia, bars do not leave the bank's vault, buying and selling are nominal.
Banking institutions are engaged in the purchase of bars, both gold and silver. Many of them offer very high prices. Sberbank, for example, accepts bullion for purchase only in perfect condition, devoid of absolutely any external defects. Not all branches are involved in purchasing, therefore, before selling bars, you need to make sure that all the required documents for them are in place, and that they do not have any scratches or fragments that have fallen off, because this can cause a decrease in their initial weight.
Interestingly, not many banks prefer to buy only those bars that were purchased in their official branches and avoid third-party valuables, such as Promsvyazbank. In many cities, he does not buy precious metals from his own and other clients at all.
Financial stability
Today, the overwhelming majority of people around the world prefer to keep their savings not in monetary currencies, but in precious metals, because thanks to this, you can not worry about changes in the exchange rate. The prices for precious metals are increasing every year, and people have a desire to sell the bars that are stored in banking institutions. However, not everything is as simple as it might seem.
Gold and silver are losing popularity, giving way to platinum and other rare metals, including mercury.
The disadvantage of precious metal bars is their low liquidity, due to the difficulty of selling, because not all financial institutions are ready to return the precious metals purchased from them, and others even try to deliberately lower the initial price. This should be taken into account when deciding to store your hard-earned fortune in gold or silver bars.
