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| Deposits in gold |
Precious metals - it is one of the most reliable and profitable investments. Banks are currently offering to invest surplus funds of people in a variety of types of metals: gold, silver, platinum and palladium. To open a deposit account an individual should provide a number of documents:
1) A passport or other document that certifies the identity of the person;
2) Produce a document on setting face a tax authority;
3) Fill out an application for opening a bank deposit in the precious metals;
4) Sign a contract with the bank, the storage of precious metals;
5) Make the assignment on which you want to take the precious metal in the vault of the bank.
2) Produce a document on setting face a tax authority;
3) Fill out an application for opening a bank deposit in the precious metals;
4) Sign a contract with the bank, the storage of precious metals;
5) Make the assignment on which you want to take the precious metal in the vault of the bank.
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| Contributions to the platinum |
Lay the same on the bank deposit can be as bullion belonging to the client and held in custody at his home, and bought bullion from the bank itself.
Typically deposits of precious metals, do not bring a heavy bank profits. This all happens because the bank has no right to use such contributions as a credit resource. Precious metals customers generally are not attracted funds of the bank.
The Bank only receives income from such contributions as commissions, such as: a contribution to the discovery of precious metals, with the closing of the contribution for the translation of the ingots in the storage of other banks and much more.
SocGen is looking for a surplus of roughly 600 tonnes of gold both this year and next. These are big numbers, but the bank expects improvements in price in the latter months of the year . The primary drivers are the traditional seasonal reasons, dollar fears and persistent or resurgent inflationary fears. In the short term the bank expects gold to be in thrall to currency movements as investors sit on their hands awaiting more clarity on relative fiscal policies on either side of the Atlantic. SocGen argues that even without a QE3, the amount of money in the financial system, along with fresh commodity strength, is likely to bolster investment activity. This would have a further deleterious effect on jewellery demand, although scrap return might need much higher prices if it is to jump again. SocGen foresees gold challenging $1700 later this year and $1,800 in H1 2012.
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