An anonymized metal account allows an individual, legal entity, bank or small business to buy a certain amount of gold, palladium, platinum or silver in the form of a record on an account with a credit institution. The positive point is that when buying, there is no problem where to store the jewelry and how to insure them. In addition, this type of account can be opened on a person under the age of majority. This is a good investment in the future of the child. It is also interesting that the depersonalized metal account when operating with it does not imply the collection of VAT on both the purchase and sale of assets.
In order to buy a precious metal, it is necessary to conclude an agreement for each specific type of metal. The features of an agreement of such a plan are the absence of interest on the balance of the account, the possibility of withdrawing and depositing gold, silver, etc. from the account in physical form on special conditions or selling it back to the bank at the rate established on a certain date.
An anonymized metal account is proposed to be opened at credit organizations, but not at all. In order to conduct such operations, the bank must have the appropriate documents. Therefore, when deciding on this type of investment, be sure to take an interest in having a license to conduct operations with precious metals.
When concluding a regular contract, an anonymized metal account is opened for one year with automatic prolongation for the same period. The amount of the initial investment is usually limited to one gram for silver and one tenth of a gram for palladium, platinum and gold. An account is opened free of charge, but commissions are charged for operations when physically issuing or crediting metals to the account. Specific rates and conditions are best known at the credit institution where you intend to make acquisitions.
There are some recommendations for those who decide to open anonymized metal accounts. Quotes on them are formed by each credit institution sometimes several times a day. But in order for the investment to be profitable, you need to monitor the trends of world markets. In particular, it makes sense to browse the websites of news agencies, which display indices for various assets, including metals.
It is also necessary to remember that taxation on such operations is carried out by the holder of precious metals independently. Therefore, if you bought the asset cheaper, and then sold it at a profit, then the difference will have to pay 13% of income tax. If the metal has been owned for more than three years, then you can get a tax deduction in the amount of 0.25 million rubles.
Many seek to open anonymized metal accounts. Gold at the time of this writing is cheaper than its historical highs due to the global economic crisis. And this means that in the future there are prospects for an increase in the price of this asset and, therefore, profit for those who bought this or another precious metal in a timely manner.