Where is the best place to open an OMS account. Impersonal metal accounts (OMS)
In the last article about the advantages of metal accounts, we discussed, as the name implies, by opening OMS (impersonal metal accounts). And it seems that everything is fine with them, just sweetie, and not an investment tool. I want to take the money to the bank right now, open an account and enjoy the profits. But as they say, every coin has two sides. It is the reverse side that also needs to be considered, namely, what are the significant disadvantages of metal accounts.
There is one famous saying (saying, quote):
Hope for the best, prepare for the worst
Namely, having analyzed all the shortcomings of met. accounts need to be finalized. Whether or not to invest in this financial instrument. What. We'll figure out.
If you dig very deep, you can collect a lot of flaws in everyone. We won't go far. I will list the main
disadvantages of metal accounts
1. MHI is not insured by the state in any way different from bank deposits. For those who do not know, the state in the event of a bank failure guarantees the return of the depositor's amount in the amount of up to 1.4 million rubles. Unfortunately, metal accounts do not fall under this. One fine terrible morning, you can lose all your money if the bank is declared bankrupt.
This shortcoming can be smoothed out by opening such accounts with reliable banks from the top ten of the rating. The same Sberbank, VTB, Alfa-Bank. It is difficult to imagine that Sberbank will be able to go bankrupt. It is more likely that the dollar will fall to zero than the main bank of the country will be closed.
2. No guarantee of profit. Unlike, again, bank deposits, where you can be guaranteed to receive a certain and most importantly, predetermined amount of profit, such a thing will not work with CHI. You may not make a profit at all for several months or even years. Or get a profit much less than the deposit rates.
3. Long investment horizon. If you look at the chart of gold quotes (palladium, platinum, silver), you can see that although there is an increase, it is replaced by drawdowns from time to time. Everything is correct. The price cannot move in one direction. So, if you plan to invest money for a period of about a few months - leave this idea. You will get into a falling price band and by the time you need to cash out your accounts, you will be forced to sell at a loss. Of course, after some time the price will return to the initial level and even exceed it. But alas, already without your gold grams.
4. The possibility of getting into a long drawdown. It may happen (and according to the law of meanness, it is bound to happen) that the price of gold has grown well, day after day, month after month, and you decide to buy yourself some yellow metal too. And as soon as you do that, prices immediately went down. It turns out that you bought at the peak. And the price can return to its original level only after a few months, or even years. Study the price chart for the last 10-15 years for gold or another metal in which you have a desire to invest money. Find price peaks on them before the fall and see how long it took for the price to return to this level. It may be a year or two years, or maybe the price has not even reached it yet. If you are not ready for this turn of events, pass by. OMS is not for you.
5. If we compare OMS and the stock market, namely stocks, then they have a lot in common. You can also buy shares, based on an increase in their value. However, metal accounts lose to them in one parameter, namely accrued dividends. Whether the stock has risen or not, you are guaranteed to receive a certain piece of the company's profits in the form of dividend payments. According to met. accounts can only hope for profit as a result of rising quotes.
4. Aesthetic. When opening a metal account and buying gold, you will not be able to touch it or even see it. And how nice it would be to have a piece of gold at home, on weekends to get it out of the safe (cache, closet) and enjoy its view. Believe me, a very, very pleasant feeling from holding a solid ingot or a handful of gold coins in your hands. You feel like Scrooge McDuck.
These were the main disadvantages of investing in depersonalized metal accounts. To sum up, we can draw certain conclusions for the full or partial elimination of these shortcomings.
1. Choose only reliable banks, the probability of bankruptcy of which is minimal
2. The investment period should be from several years. At this time, forget about the fact that you have opened accounts somewhere. The longer the investment horizon, the more likely you are guaranteed to make a profit.
3. To eliminate the negative receipt of income (and for a simple loss), try to buy in addition a certain amount exactly after the price drawdowns. The price dropped by 10% - buy it. The price has fallen by 15% - take it again. Compare these price cuts to sales with good discounts. But then, when the price returns back to the initial level, you will already have a profit. And if the price rises above - double or even triple profit.
Only for clients with online accounts, in any place convenient for you:
- buy an impersonal precious metal from the bank for Russian rubles;
- sell an impersonal precious metal to a bank for Russian rubles;
- transfer precious metals to other depersonalized accounts opened in your name at VTB in the same metal.
You can top up your metal account:
- When buying metal from a bank. Your account will be credited with the amount of precious metal equivalent to the amount paid in rubles, based on the current VTB sales rate. At the same time, the amount of purchased metal is not limited by the weight standards of ingots (as in the case of a physical purchase) and depends only on your desire.
- By transferring metal from other CHI in the same metal, opened in your name at VTB.
Expenditure operations for CHI:
You can sell precious metal to the bank from your CHI for Russian rubles at the VTB purchase rate. The cash equivalent for the metal will be deducted from your checking account.
You can also transfer precious metal from one CHI to another. It is important that both MLAs are opened in your name at VTB in the same metal.
Features of operations with CHI:
- the minimum amount of purchase and sale of precious metal:
- for silver - at least 1 g;
- for gold, platinum and palladium - at least 0.1 g;
- there is no minimum minimum balance;
- no interest is accrued on the balance of the precious metal on the CHI;
- transactions on the account are carried out without the physical delivery of the metal, i.e. acceptance and issuance of precious metals in the form of ingots and coins (in physical form) are not performed;
- the term of the depersonalized metal account agreement is not limited;
- transactions on the account are carried out in accordance with the tariffs of the bank;
- Keeping funds in compulsory medical insurance is not subject to the law on insurance of deposits of individuals; accordingly, they are not covered by the guarantees of the deposit insurance system, of which VTB is a member.
The Bank is not a tax agent for transactions with CHI, i.e. you independently calculate and pay tax on the sale of impersonal metal:
- Art. 226 of the Tax Code of the Russian Federation establishes that the calculation of amounts and payment of tax are made by the tax agent in respect of all income of the taxpayer, the source of which is the tax agent, with the exception of income in respect of which the calculation and payment of tax are carried out in accordance with Art. 228;
- Art. 228 of the Tax Code of the Russian Federation determines the need for independent calculation and payment by individuals of tax on amounts received from the sale of property (in this case, from the sale of impersonal metal) owned by individuals by right of ownership.
Residents of the Russian Federation
They calculate and pay tax on income from operations with depersonalized metal accounts at a rate of 13% (clause 1, article 224 of the Tax Code of the Russian Federation). If the metal was owned for less than 3 years, the tax base can be reduced by a property tax deduction in the amount of up to 250,000 rubles (clause 1, clause 1, article 220 of the Tax Code of the Russian Federation).
If the metal was owned for more than 3 years, the income from its sale is not subject to personal income tax (clause 17.1 of article 217 of the Tax Code of the Russian Federation).
Non-residents of the Russian Federation
Calculate and pay tax on income from operations with depersonalized metal accounts at a rate of 30% (clause 3, article 224 of the Tax Code of the Russian Federation).
Investing in physical gold is the best way to diversify your savings in times of economic instability and currency crises. But there is another way to invest in precious metals, which is not subject to VAT, and is no less popular than or investment coins - these are depersonalized metal accounts (OMS). How a metal account works, how to open a CHI and much more is the topic of this article.
Is it worth opening a metal account - the advantages and disadvantages of maintaining CHI
A few points that are considered more attractive compared to other types of investment:
- When opening a CHI, the metal that you buy into your account is not taxed at 18%;
- No problems associated with the storage and transportation of precious metal ingots;
- The minimum threshold for opening an account (in some banks, 0.1 grams of gold is enough to open a CHI);
- High liquidity. There are no problems when converting metal into currency and vice versa;
- Safe movement of impersonal metal between accounts. In Russia, there are only intra-bank transfers; in Western countries, systems of interbank relations are also developed;
- The possibility of withdrawing funds in the form of gold bars of the appropriate sample (taxed at 18%);
- Possibility of opening CHI in favor of third parties.
In addition to all the advantages of maintaining an impersonal metal account, there are several disadvantages:
- Your account is not subject to the Individual Deposit Insurance Act. That is, if the bank in which you opened the CHI closed, then it is unlikely that your money can be returned. Therefore, it is worth choosing the most reliable banks;
- If you need to sell metal, you will have to file an income tax return and pay income tax of 13%.
How to open a metal account
In order to open a metal account, you need to contact the branch of the bank you have chosen and have the following documents with you:
For individuals:
- Proof of your identity.
- Certificate of registration with the tax authorities TIN.
For individual entrepreneurs.
If you look into the issue more deeply, it becomes clear that in Russia it is most profitable to store precious metals not in ingots, metals in their physical state, but in depersonalized special accounts.
Firstly, because when purchasing precious metals in bank bullion, there is a problem of ensuring their safety, transportation, difficulties that cannot be solved easily or simply. To store the bullion, you will need a separate safe, in the house or in a financial institution that provides the corresponding services for a fee. Transporting metal in large quantities without damaging the packaging can be a difficult task.
Secondly, upon the subsequent sale of such assets, an additional commission fee for the examination, as well as VAT, arises.
Thirdly, for the sale of precious metals in bank bullion, it will be gentle to find certified collection points. Banks are reluctant and distrustful of bullion produced by competing manufacturers. In addition, you will need to worry about the bullion buying experts, who usually work in the capital. To sell ingots, you will need to go to Moscow or St. Petersburg. The list of accepting banks is less extensive, many banks only sell bars, but do not buy them back.
The situation is quite different with the purchase of impersonal precious metals. As a rule, any of the metals, whether it be gold or silver, or maybe platinum and palladium, can be purchased and deposited in such an account. Only accounts for different metals are opened differently.
The value of the accounts justifies their content. A feature of such accounts is that the storage of ingots is accounted for without marking or clear identification. Precious metal at the same time resembles money stored in a bank safe, and not money lying in a deposit at interest. Such metal does not have a serial number, a manufacturer's certificate, and accounting is carried out only according to the characteristics of weight and quality. Interest is not charged on its face value, and the bank does not have obligations to increase the value of the asset.
For example, if the price of palladium falls, then at the time of closing the account, the client will receive an amount equal to the value of this precious metal on the day the contract is terminated. Therefore, in order not to lose money, it is necessary that the face value of the metal when closing the account is not less than the amount sold by the bank at the time of opening the account.
Having opened an impersonal metal account, the client is given the first copy of the contract, which specifies the ruble investments and the number of grams of purchased metal. An impersonal metal account is linked to a ruble account opened with the same bank. Therefore, if there is none, it will be opened necessarily at the time of opening a metal account.
It will not work to pay in foreign currency for the purchase of impersonal precious metals. Payments are made only in rubles. But this can hardly be called a disadvantage or a problem, since this circumstance does not affect the level of demand. But the fact that it is impossible to exchange one metal for another, for example, silver for gold, through an impersonal metal account, leads to additional difficulties. To do this, you need to open an account in a new metal, having previously carried out an operation to sell silver and transfer the equivalent value to a ruble account, then open a purchase of gold on a new account under a new agreement.
So, we list the main advantages of depersonalized metal accounts.
- Liquidity. The quick possibility and ease of buying, selling and transferring to other assets is typical for metal stored in depersonalized metal accounts. You can carry out an operation on the account at any time, through the services of online banking.
- The rate of impersonal precious metals is lower when buying than for ingots. The sale price of the metal will depend on the rise or fall of world prices for it.
- The absence of a minimum mandatory non-reducible balance and account expiration date. Replenishment of the account can be made at any convenient time.
- The purchase of metal on an impersonal account is exempt from VAT. Accordingly, there is no VAT on sales.
- There is no need to incur additional costs for transportation, storage and expert confirmation of the conformity of the precious metal. Such difficulties arise only when buying bank metal in bullion.
- Metal accounts also have disadvantages.
- Interest on the balance of the metal in the account is not provided.
- The need to independently calculate and pay income tax. The tax rate for citizens of the Russian Federation is 13%. Foreigners pay 30%. Depending on the annual amount of income, the tax can be reduced by the amount of the property deduction, which reaches the amount of 250 thousand rubles.
- Metal accounts are not subject to the deposit guarantee legislation.
- However, it should be noted that the growth in the cost of metals in the best of times was at least 20-25%, which offsets these disadvantages.
Hello friends! Today we will consider the question: is a metal account in Sberbank profitable, its pros and cons, we will study the reviews and answer the question - is it worth opening a metal deposit, investing money in it to earn money.
Precious metals have traditionally been considered a more stable monetary value than regular paper money. One of the manifestations of modern ideas of the value of precious metals can be considered metal accounts (abbreviated as OMS), which can also be opened at Sberbank. The prospect of operating with precious metals, the equivalent value of which does not depend on currencies, looks certainly attractive.
What is CHI - depersonalized metal account
Impersonal metal accounts were conceived as a real alternative to cash deposits. The instability of the world market and frequent economic crises contribute to the fact that businessmen prefer gold, silver or platinum to standard foreign exchange investments.
Sberbank provides all the necessary services for this - the client does not have to take care of storing the asset, and the procedure for buying precious metals under the terms of opening a CHI is simple. You need to choose one of four types of assets - silver, gold, platinum, palladium.
At the same time, keep in mind that the asset is not issued on hand. The client has the right to invest, redistribute assets and receive the corresponding profit, transfer by agreement to another person, buy or sell, however, they will be located on the territory of the bank. In the event that you decide to withdraw your asset from the territory of the bank, you will need to pay all VAT requirements (18 percent of the value of the bar).
How to profitably make money on OMS
Impersonal metal accounts are opened on special terms when compared with other credit services. On this, you can both earn and lose money on the difference in the exchange rate.
Sberbank undertakes to set a minimum threshold for the asset being sold. It corresponds to 0.1 g for gold, platinum and palladium, and 1 g for silver. You pay only for the purchase of the asset itself, no additional funds are required for the service.
There is no minimum threshold for the amount of profit, that is, the client can withdraw all cash after the transaction, and the OMS will not close. There is also no maximum threshold, you decide how much metal you will store in the bank, but the assets of one type of metal cannot be transferred to another.
Opening of CHI carries a certain amount of risk, since these deposits cannot be insured, which we will discuss in more detail later.
What is the difference between OMS and a regular cash deposit
A cash deposit implies the presence of real currency on your account - national or international. In other words, you operate with real amounts of 1000 rubles, dollars or euros. Compulsory medical insurance is calculated in grams, while in the case of profit, the client receives an amount in rubles, which is converted into a currency in relation to the price per gram of gold.
A special condition is the opening of an impersonal OMS in Sberbank with the physical, that is, the actual introduction of a measured ingot of gold or other metal. Its compliance with the standards is assessed by a special commission. In other cases, the client pays in rubles an amount equal to the amount of metal in grams.
Should I invest in a metal account?
Metal deposits are a kind of investment for the future. Investing in precious metals for individuals does not have an interest rate to pay to the bank, but you can only get real benefits if there are serious increases in the price of the precious metal. Sberbank, like other banks, depends on the established gold rates according to daily criteria from the Central Bank (they can be found on the official website).
Sberbank, in turn, is adjusting its adjustments for the opening of CHI: the sale price is overstated in relation to the Central Bank rate, the purchase price is understated. In theory, it looks like this: if the exchange rate of the Central Bank per gram of gold is 1,600 rubles, you will buy one gram in Sberbank for 1,700 rubles. Decide to sell it on the same day for 1500 rubles, and you will lose 200. But if in a week or a month the price per gram of gold, according to the Central Bank, rises to 1900, you will start making a profit.
The world's supply of precious metals is limited, so logically, their price will only increase over time. Add to this a more stable position in relation to national currencies, and you have a completely reliable vehicle for long-term profits. Only over the past 10 years, taking into account all the nuances, the price per gram of gold has increased from 500 to 2300 rubles.
At the same time, it is unlikely that you will be able to constantly make a profit with the help of CHI. Precious metals prices fluctuate throughout the year, and if you make a good profit one month, you may very well lose it the next.
The opening of CHI should be approached wisely, trying to predict the pricing policy of the Central Bank. Monitor inflation as closely as possible.
We open OMS in Sberbank
The most convenient option for opening CHI is through the Internet. This is due to the fact that not every branch of Sberbank works with similar categories of accounts.
To open the OMS, you must:
- Have your passport and TIN with you.
- Be a citizen of the Russian Federation.
- Make a purchase of gold, palladium, platinum from 0.1 g or silver from 1 g (the maximum threshold for the purchase of precious metals has not been set).
Compulsory medical insurance can also be opened for a child over 14 years old with a legal representative.
Opening a metal account has a number of unconditional advantages, including:
- No service opening fee.
- Buying or selling a precious metal is done on the spot, “here and now”.
- No VAT on transactions if you work with precious metals under the terms of compulsory medical insurance. The issuance of gold in hand implies the full payment of VAT.
- Maintaining an account is absolutely free, there is no minimum threshold for the balance of funds.
Pay attention to the following points:
- The agreement to transfer ownership of the account must be certified by a notary.
- Money transfers from OMS are not carried out. To do this, you need to withdraw money. In addition, not every bank provides services for working with precious metals, as we have repeatedly reported.
Precious metals are located on the territory of the bank vault, and they are not used by the bank itself as credit funds. If the client expresses a desire to receive ingots of gold or other metal, employees are obliged to fulfill his request at the first request.
Commission is paid for the following services:
- Export of precious metal in physical form. In this case, the client pays VAT at 18 percent of the cost of the bar.
- Transportation of an ingot to another bank.
- Opening and closing.
Open OMS with your precious metal ingot
When opening an account with your own bars, you must have all the documentation (certificates from the bar manufacturer, which will indicate the serial number and the sample). If the metal meets all the standards and regulations of the country, the depositor fills out a written order to transfer the ingots to the Sberbank vault. During registration, the ingots are controlled, they are examined by specialists (both visually and with the help of technical means). A legal transfer and acceptance agreement is signed with the investor in two copies. One of the copies is given to the client.
If the bars do not meet the established criteria, Sberbank has the right to refuse the depositor.
After the expiration of the period specified in the contract, the customer is returned the ingot that was left for storage.
Who can open an OMS
Opening accounts is available to adult citizens of Russia. If the parents decide to open an account in the name of a child under the age of 14, the document is drawn up for a legal representative.
The list of documents for opening an account for a child under 18 is different, depending on the status of the person who applies. For example, a parent must provide a birth certificate of a child, a guardian - a certificate or certificate from the guardianship authorities, a citizen of the Russian Federation aged 14 to 18 years - permission from a legal representative in writing.
Persons under the age of 14 cannot independently manage deposits. The account is operated by a legal representative in the presence of documents on permission from the guardianship authorities. After reaching the age of 14, the depositor himself uses the money, but with the written consent of the legal representative. Signature and date of the application are required. Also, if there is a written permission, the owner of the CHI, who has reached the age of 14, can transfer the contribution to another person. To do this, fill out a special power of attorney, certified by a notary. For persons over the age of 18, there are no restrictions on making a deposit.
Pros and cons of opening a metal account with Sberbank
Summing up, it should be shown that the owner of the CHI has a number of undeniable advantages:
- Money is stored in its "real value", much less subject to the effects of inflation.
- In the event of an increase in market prices for the precious metal, the depositor receives a real profit, despite the fact that the bank does not require commission payments when withdrawing funds.
- Impersonal accounts with precious metals are much more liquid than real bullion. When the bank receives the latter from an individual or legal entity, a long process of checking with specialists for compliance with the standards of the Russian Federation follows. The bank always has the right to refuse the client, while depersonalized funds are quickly converted into cash and banks always redeem such funds.
- CHI is not taxed on income from an individual (if open for up to 3 years) and is not subject to VAT.
- The risk for the safety of precious metals lies entirely with the bank in which the deposit was opened.
At the same time, opening an unallocated metal account is associated with a certain risk. First of all, this is the lack of insurance for impersonal bank deposits. If the bank fails, you are unlikely to see your money. Also, each bank, at its discretion, exposes the difference between the actual exchange rate of the Central Bank for the precious metal and the purchase / sale price. An inattentive investor can accidentally lose a lot of money on this.
Finally
The income value of depersonalized metal accounts is a rather controversial point. If you want to make real profits every month from buying and selling precious metals, then you are unlikely to make real profits from this. The market is currently more stable than before, and if 10 years ago many investors could earn millions on manipulations, today CHI can act more as a reliable way to store currency. Precious metals are less prone to inflation and do not depend on financial crises, to which it is worth adding the fact that over the years the price of gold, platinum, silver and palladium has been steadily increasing.
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