Central Bank Bank

All this only goes to the benefit of the gold market to the extent that, as more investors understand why it played such an important role in the history of money "- predicts Julian Phillips. Metal accounts – a bank account into which the accounting of the funds is in precious metals 999,9 standard. In Russia at the present The bank provides the opportunity to open accounts in gold, silver, platinum and palladium. When you open a bank account is credited to the customer paid the amount of gold based on its current value on the world market (for quotations of the London market or the selling rate of the Central Bank). Because the gold does not leave the bank vault, the grounds for vat do not arise. When you close an account the bank pays the investor the value of gold his account at the current price. Opening and closing jms banks charge a commission that usually does not exceed 0.5 – 1% of the value of the metal.

Depersonalized metal accounts as regular ruble and foreign currency deposits are certificates of deposit and current. Escrow account is opened for a certain period. The owners of the accounts are paid not only on more expensive precious metal, but also due to interest that accrued on such deposit is not money, but in the metal. Escrow account is designed for investors who want to make a safe investment and are not going to use the funds for several months, and the current is more suitable for those who want to do short-term speculation in the market of precious metals.