Quite often, observing fluctuations in exchange rates, people are looking for a more reliable way to store and increase money. Remembering that gold has been the equivalent of money since ancient times, and has always been considered a precious metal, many people want to invest their hard-earned money in this metal.
Instructions
Step 1
Until 1997, the purchase of gold bars in Russia was not streamlined, ordinary citizens could purchase jewelry made of gold, but bars were mainly stored in banks or in the country's gold fund. After the publication of the "Rules for the execution by banks of transactions for the purchase and sale of measured ingots of precious metals with individuals", the procedure for buying gold bullion became clear.
Step 2
So, first, study what kind of gold bar you need - what its quality should be. Ingots of excellent condition include ingots that have a manufacturer's certificate and other accompanying documentation in a readable and complete form, as well as which are free of scratches, chips and abrasions. If any of the above is missing, it is considered that such an ingot is in a satisfactory condition. The price of gold bullion also depends on the above factors.
Step 3
Then select the bank where you are going to buy (and maybe store) gold bullion. It should be a stable bank with a fairly high rating. Leading banks in the country have their own regulations on quality, pollution levels, as well as the integrity of documentation, in particular, certificates of the manufacturer.
Step 4
If the bank suits you in terms of reliability and price, take an identity card with you (a civil passport is enough) and, preferably having notified about your visit, go to the bank's office to complete the transaction. All transactions with gold bars must be carried out in your presence. You should familiarize yourself with the documents and follow the numbers on the scales with your own eyes during the check weighing. The weight of the gold will be recorded with an accuracy of 0.01 grams. You must be given a cash document, which will reflect the name of the metal, the price of the bar, its weight, number, level of purity, the total number of purchased bars, as well as the date of the transaction and the total amount that you paid.
Step 5
If you are buying gold bullion, it is worth considering where to store it. If you don't have a safe at home, you should leave the bullion at the bank where you purchased it. And you can also save money. In particular, you will pay VAT at the rate of 18%, included in the price of the bullion, upon purchase, but if you sell gold at the market price, you will not be able to return it. However, there is one condition here. Due to the fact that the turnovers of authorized banks are exempt from value added tax, you can also avoid paying this tax. That is, if you do not take the bullion out of the certified bank vault, but place it on your metal account, then the VAT amount will not be included in the cost of your gold bullion.
