Contribution to compulsory medical insurance at Sberbank - investments in precious metals

Compulsory medical insurance in Sberbank - what is it?

Unallocated metal accounts are one of the ways to invest in precious metals available today. The principle of operation of the instrument is similar to that of conventional bank deposits. The client sends his own funds to the bank to purchase a certain part of the precious metal with the further possibility of replenishment and withdrawal.

Compared to alternative methods - buying bullion or valuable coins - compulsory medical insurance does not have a physical embodiment. Funds are invested in “virtual” metal. Investors manage to earn money by increasing the cost of the chosen option.

Online course schedule

A number of factors influence the price of silver. The online chart allows you to monitor price dynamics in real time.

Price of 1 gram of silver in Sberbank of Russia

Every day, based on the silver exchange rate fixed by the Central Bank of the Russian Federation and demand conditions, Sberbank of Russia sets the discount price for 1 g of silver.

Silver price per gram in unallocated metal account and physical silver in bullion

The average rates of Sberbank and the Central Bank may differ by 2-4 rubles, and the SB rate is more adapted to the Russian market, since it is Sberbank that sells the bulk of the white metal, while the rates of the Central Bank of the Russian Federation are more tied to the London market.

Silver price per gram in bullion coins

Investment coins are the most expensive way of investment. Their price per 1 g is the highest, which is associated with the costs of production, delivery, sales and storage. So, in February 2021, Sberbank sells “Silver Sable” with a face value of 3 rubles and weighing 33.93 g for 1,350 rubles. 1 g of it costs approximately 39.79 rubles. at the rate of the SB of the Russian Federation for 1 g 33.37. But over time, the value of the coin will grow faster than the rate of the metal - after 50 years, bullion coins will acquire historical value.

Price of the Central Bank of the Russian Federation

The Central Bank forms the exchange rate for cash metal based on yesterday's London spot and recalculates it in rubles at the official dollar exchange rate for today.

Investment conditions

The opportunity to invest in compulsory health insurance is also available today in third-party financial organizations. In comparison with existing alternatives, Sberbank offers comfortable conditions for investors:

• purchase of precious metals from 0.1 or 1.0 grams;
• no restrictions on storage periods;
• there are no limits on investment amounts;
• remote account opening and management.

Opening a metal account is available for both legal entities and individuals. Minor private clients can also submit a purchase application with the written permission of their parents and guardians. From the age of 18 there are no additional requirements. You just need to provide Sberbank with a passport or other identification document.

How it works?

Compulsory medical insurance in Sberbank and any alternative financial organization can confidently be included in the list of investment instruments. On the question of how this type of investment option works: When purchasing an account, the participant does not invest in the precious metal itself, but rather in its value. An increase in the price of the asset will bring the owner a certain profitability.

To become the owner of such an asset, the client enters into an agreement on an impersonal metal account for a specific currency. As part of the agreement with the bank, the user subsequently has the opportunity to sell and buy additional metals at any time.

Tips and tricks

It is not allowed to carry out non-cash transactions using compulsory medical insurance, despite its being equal to a regular account. It is only permissible to buy and sell metal. In this case, with palladium, platinum and gold, the gradation corresponds to 0.1g, with silver - 1g.

Before opening compulsory medical insurance at Sberbank, you should study the reviews carefully. Other people's experience will allow you to avoid making mistakes that lead to loss of profit. The main tips from clients include:

1. You should open the option with accumulation. This will allow you to make a profit not only due to changes in the exchange rate, but also due to the increase in interest on the balance of funds. The bank employee may not mention this.
2. There are seasonal fluctuations in the exchange rate, so it is worth first studying the statistics for several years and registering when the price decreases, and selling when it increases.
3. If you sell metal after three years or more, you do not have to pay tax. It is recommended to take a long-term investment method to avoid incurring losses.
4. This bank does not have the most favorable rate.
5. You need to understand the quotes and not give in to panic, since precious metals cannot fall much in price. It is not worth selling them during minor declines; it is better to wait for growth. The longer the investment period, the greater the amount you can get in the end.

Download file:

Conditions for placing precious metals

Download file:

Standard form of the Compulsory Medical Insurance Agreement

Video review of how to open compulsory medical insurance

Pros and cons of impersonal metal accounts, how to quickly find information on spreads and calculate possible income.

Service tariffs

On the question of how much it costs to service metal accounts for individuals. Basic services for the asset are provided free of charge, in particular, opening or closing, issuing an extract, and searching for an appeal. Only a certificate of ownership is provided for a fee - 100 rubles.

However, the client will need to make an additional payment for transactions with precious metals within the framework of compulsory medical insurance:

For storage in the depository, 50 rubles are also charged daily per bullion. Based on the current tariffs, you can immediately understand which option is more profitable for investing in precious metals - in impersonal accounts or physical assets.

How the price is formed, why it changes and is different in different banks

The pricing of silver is influenced by a large complex of factors. The main one is the global demand environment. Under their influence, quotes on world markets change throughout the day, but at 15:00 Moscow time the London market sets a fixing. It is this that Sberbank focuses on in the next 24 hours.

Today, lunar metal is used in various areas of modern life:

• industry;
• medicine;
• jewelry making;
• investment asset.

In recent years, there has been a decline in investment in silver mines. In addition, it is impossible to track the entry of almost half of the primary and secondary metal into the market, which affects its volatility. The energy, chemical and electronics industries are showing increasing demand for argentum.

These factors and a number of others - economic instability, crises, the threat of military action - collectively affect the silver rate on the London Metal Exchange. It serves as a reference point for banks, transactions and financial transactions around the world.

However, each bank and even divisions of one bank, based on its own assets and the needs of the local market, has the right to offer its own price, remaining within a reasonable financial corridor.

What affects the price of silver

The main threads leading to the price of a troy ounce of silver today:

• balance of supply and demand;
• Exchange Rates;
• political and economic situation.

Is it worth opening: pros and cons

The advantages that determine the relevance and demand for compulsory medical insurance as an investment option include:

• absence of a physical object - no need to pay storage costs;
• high liquidity – buying and selling an asset will not be difficult at any time period;
• low entry thresholds – compared to bars or coins, the client will require minimal investment;
• positive growth dynamics – over long distances, precious metals consistently demonstrate an increase in indicators;
• simple investments - purchasing metals takes place in a couple of clicks remotely without any special restrictions;
• free opening - upon approval of the application by the bank, the client is not charged VAT in the amount of 18%;
• transfer of rights to third parties is possible - available with written agreement from the owner.

A disadvantage for investors may be the relatively low yield, the presence of additional commissions when transferring to a physical asset, and volatility in the short term. A disadvantage may also be the presence of Sberbank’s own “spread” - the organization determines the difference between the purchase and sale prices.

In general, it is recommended to purchase compulsory medical insurance for a period of 3-5 years in order to obtain tangible profits. The conservative nature of the instrument may be a plus for some participants, but a minus for others.

As an alternative, you can consider investing in shares of gold mining companies or ETFs and mutual funds. An example is the “Gold” mutual investment fund from Sberbank.

Pitfalls and risks

Among the main risks of the instrument, it is worth noting the lack of protection of funds in the event of bankruptcy of the issuer. According to current legislation, compulsory health insurance is not covered by the deposit insurance system. Whereas funds on classic bank deposits in unforeseen situations can be returned - within 1.4 million rubles.

However, in practice, such risks may arise in exceptional cases. Sberbank is the largest bank in Russia, whose activities will be supported by the government even during crises.

Forecast

There are special economic formulas for predicting market behavior, but, as practice shows, even Nobel laureates in the field of economics are not always able to determine the behavior of the silver rate. To date, expert opinions in forecasting prices for 2021 differ significantly:

1. Analysts at Evromonitor Int believe that the rate of one troy ounce will be about $16 US.
2. American experts are more optimistic and predict prices in the range of 17-18 dollars.
3. The English bank HSBC believes that the silver rate will rise to $18-19 per troy ounce in 2021.
4. Weather analysts on the financial and cryptocurrency market “Cryptoprognoz” suggested an increase in the exchange rate to $24 US per ounce.

How to open an account?

The easiest way to open compulsory medical insurance is to use the Sberbank Online service. To send the corresponding request from your computer:

1. Go to the bank’s official website using the following link – sberbank.ru.
2. Log in to your Sberbank Online account using your personal login and password.

3. Find the “Metal Accounts” block in the left control panel.
4. Click on the “+” icon next to the corresponding item.

5. Select the desired precious metal option – “Continue”.

6. Specify the mass, amount and source of write-off – “Open”.

7. Confirm your purchase using the verification code from SMS.

Similarly, investing in precious metals is available through mobile banking.

1. On the main page, click on “+” next to the “Deposits and Accounts” block.
2. In the pop-up window, select the appropriate option “Deposits in precious metals”.
3. Choose a metal.
4. Fill out the application, indicating the write-off account, weight.
5. Confirm opening.

An alternative way to invest money in gold or other metals at Sberbank at interest is to contact the customer service offices in person with an identification document. A list of authorized branches can be found on the official website.

How to buy or sell precious metal through Sberbank Online

On the Buy/Sell Metal page of the Sberbank Online system you can sell or buy precious metal.

You can get to this page of the Sberbank Online system from the Payments and transfers section by clicking in the “Transfers and currency exchange” category or through the main menu item Met.accounts by clicking on the link Operations → Purchase/sale of metal opposite the selected compulsory medical insurance.

If you want to buy or sell precious metal in impersonal form, then fill out the following fields in the form that opens:

• The “Document number” and “Document date” fields are filled in automatically and are not editable.
• In the “Write-off account” field, select from the drop-down list the account or deposit from which you want to transfer money to purchase metal, or select the compulsory medical insurance from which you want to sell metal.
• In the “Deposit Account” field, select from the list the deposit or account to which money should be transferred when selling metal, or indicate the compulsory medical insurance to which the purchased metal will be received.
• In the “Mass” field, indicate the mass of the precious metal that you want to sell or buy (minimum 1 gram).
• If you want to sell metal, i.e. If you selected compulsory medical insurance as the write-off account, the “Amount in credit currency” field will be filled in automatically, according to the current rate for the purchase/sale of metals in Sberbank, and the specified mass of metal.
• If you want to purchase metal, i.e. If you specified compulsory health insurance as the credit account, the amount in the debit currency will be filled in automatically.
• Non-residents must also fill in the “Currency transaction code” field by selecting the currency transaction code from the directory.
• The “Buy/Sell Rate” field is filled in automatically in accordance with the current rate set by the Bank and is not available for editing.

Please note that fields marked with an asterisk are required. If you want to save the completed transfer to payment templates, then click the Save template link.

Once all the requested details have been entered, click on the Exchange button. Sberbank Online will display a page on the screen to confirm the transfer, on which you need to check that the details are filled out correctly.

If you change your mind about buying or selling precious metal, then click the Cancel button.

Next, you need to confirm the operation. After you click on the Exchange button, a completed exchange form will open in front of you, in which you should check the correctness of the information specified, and then perform one of the following actions:

• Confirm the transfer.
• Change details. If an error was found when checking the translation.
• Cancel the operation.

After confirming the translation, you will be taken to the page for viewing the document execution status, where you will see the completed translation. The fact that the exchange application has been successfully submitted to the bank is indicated by the blue stamp “Accepted for execution” displayed on the document form.

On this page you can view the transfer details and perform the following actions:

• Repeat translation.
• Save template.
• Print a check. Sberbank Online allows you to print checks to confirm transactions.

Printing a receipt is only available for documents with the status “Executed” and “Processing”. For documents with the status “Refused” and “Pending Processing”, receipt printing is not available.

Which precious metal should you choose?

Sberbank allows you to invest in four types of precious metals:

• gold;
• silver;
• platinum;
• palladium.

To determine whether a particular type of precious metal is profitable, it is important to take into account the following factors - general features, the current spread at Sberbank, currency volatility depending on external factors, quotes for the short and long term.

A recommendation for those new to investing is to strive to diversify your portfolio. Initially, the amount can be distributed between assets, then the share can be adjusted according to indicators.

Registration of compulsory health insurance deposit

To open an impersonal metal account with Sberbank of Russia, you should familiarize yourself in advance with the state of the exchange rate for the selected type of metal. At the same time, you should take into account the fact that it changes slightly every day. Today, it is possible to buy four types of metal at Sberbank:

• platinum;
• gold;
• palladium;
• silver.

The estimated cost changes according to the exchange rate.

Sberbank changes its course daily. On the official website you can view up-to-date information regarding the exchange rate for impersonal accounts for each type of metal. Here everyone will find the results of quotes, as well as a chart with a modified value for a particular period.

Potential profitability

The theoretical profitability of compulsory medical insurance at Sberbank can be determined using a special calculator. Follow the link https://www.sberbank.ru/ru/quotes/oms_calculator_udo to open the calculation form. In your request, please specify the following parameters:

• type of metal;
• investment period;
• initial investment amount.

After clicking on the “Show” button, a table and graph of potential income in rubles and percentage per annum will be displayed. The values ​​are indicated taking into account the specified time frames that have passed previously. Indicators may differ in the future depending on the external economic, political and global situation.

To understand whether it is worth opening a compulsory medical insurance, the following shows the profitability for different periods:

The data presented above is based on June 26, 2021.

How to cash out?

The easiest way to cash out a metal account is to create an application for the full or partial sale of an asset. The corresponding request is generated in a similar section of Internet banking. After the transaction is confirmed by the issuer, the funds will appear on the user’s specified bank card.

Sberbank provides an additional way to cash out compulsory medical insurance for an individual - in the form of a bullion. If there is enough money, the “virtual” investment can be converted into a physical object. However, this alternative involves new costs for exchange and storage - the current tariffs were discussed above.

How to close a metal account?

Before closing an investment instrument, make sure that you are satisfied with the current quotes. Since when the account is reset, the existing assets will be immediately sold at the current rate.

To close a banking product:

1. Find the desired section in the mobile or web version of online banking.
2. Select the appropriate compulsory medical insurance from the list.
3. Click on the "Operations" option.
4. Go to the appropriate item.
5. Confirm completion.

An application for closure can also be submitted in person at customer service offices. Choose only those branches that include investment services. When visiting, you will need a passport or other identification document.

Compulsory medical insurance or traditional contribution - which is more profitable?

When comparing a metal account with a regular bank deposit, two conditional advantages can be identified that highlight the second option. The advantages include being covered by insurance and fixed income. When opening a deposit, the bank immediately determines the rate - a percentage of the total investment amount.

Today, most banks in Russia have yields on deposits of 3-5%. Such tariffs in modern realities are not able to cover inflation. Whereas the current dynamics of precious metals will allow you to both earn and accumulate funds in the long term.

Purchasing and storing bullion at Sberbank

Sberbank today is the largest player in the precious metals market, therefore, by closely monitoring the exchange rate, you can make a profitable investment on time. After you have decided on the subject of investment, weight, denomination, type of storage, you need to call a Sberbank branch and agree on the time of the transaction. Check to see if your nearest branch has the bullion you need.

Advantages and disadvantages

The main advantage of investing in physical silver is having the metal in your hands. The likelihood that silver will depreciate is minimal. When purchasing, you receive 999 silver from a trusted seller. The more the ingot weighs, the lower the price per gram. This is due to the high demand for ingots weighing from 50 to 500 g.

Cons: The investment will pay for itself within a year if silver increases in price by more than 30%.

This is exactly what is needed to cover taxes and the bank spread. In such a short period of time this is unlikely, but in a dozen or two years the increase in the silver rate may exceed this threshold.

Procedure for selling bullion

When selling silver, there are certain rules and regulations, which you should inquire about in advance on the Sberbank website or by phone. In general terms they are as follows:

1. The sale of silver to the bank is carried out only in the presence of the client with a passport.
2. A certificate, a silver purchase agreement, and original packaging make the transaction easier.
3. When concluding a sale transaction, control weighing is required, and the scales must be within the seller’s visibility range.
4. Sales of silver bullion are subject to tax.

Selling a bullion purchased from another bank

Sberbank accepts silver purchased from other banks in Russia at the standard rate, subject to storage standards, integrity of packaging and availability of a certificate. Regarding foreign silver bars, it is necessary to clarify individually: the refining of some countries does not comply with Russian GOST.