Since ancient times, gold has been, perhaps, the main material value, a symbol of prosperity and financial stability. This noble metal has earned such a reputation due to its durable properties and rarity. Nowadays, gold has also gained widespread investment popularity. An increasing number of people manage not only to ensure the safety of their savings in gold, but also to make money on it.
Instructions
Step 1
The first thing that comes to mind of a common man when he mentions gold is jewelry. However, in an investment context, this is far from the best solution. The fact is that the price of a jewelry piece is formed from several components: the cost of the metal itself, precious stones (if used), the work of a jeweler, a trade margin and VAT. When you are thinking of selling a piece of jewelry, you will be able to sell it only at the price of scrap gold (unless, of course, the piece of jewelry is of unique artistic value).
Step 2
A more profitable option is gold coins. They can be investment and memorable. The latter, as a rule, are produced in limited editions and have features in operation. After purchase, you must follow the rules for storing coins. It is not recommended to remove them from the capsule and touch them with your hands, because fingerprints may remain on the surface, erasing which, there is a danger of damaging the coin. The purchase price includes 18% VAT.
If you purchase investment coins, you will not have to pay tax. They are produced in large quantities, which reduces production costs and thus brings their price closer to the market value of gold.
Both the one and the other type of coins can now be bought in the branches of many banks, both state and commercial. To make a purchase / sale, you must have a passport with you.
Step 3
Many are interested in the possibility of purchasing gold bars. However, their physical attractiveness does not equal investment value. This is because the purchase includes the cost of manufacturing the ingot, bank fees and 18% VAT. In addition, you will have to pay for its storage in a safe deposit box or safe. It is not recommended to take ingots with you, not only for safety reasons, but also in order to avoid mechanical damage. Any scratch reduces the price of the product.
Step 4
Anonymous metal accounts (OMS) are a modern alternative to the aforementioned ways to make money on gold. Such an account is opened by the bank for the amount of money you have and is equivalent to the corresponding amount of gold. Neither VAT nor any other fee will be charged in this case. When the account is closed, the client is paid an amount at the current rate of gold value. The difference between the “buy” and “sell” prices will amount to your investment profit in the event of an increase in the market value of the precious metal.
