Banks are able to trade precious metals

In consideration of the State Duma a bill that allows banks to trade in precious metals. Initiators of the bill - a member of the Duma Committee on Financial Markets Pavel Medvedev. Banks can buy and sell gold, silver, platinum, palladium bullion coins from precious metals. "This bill eliminates the unpleasantness associated with the adoption of the law on trafficking. This law (the Trade - Ed.) Accidentally, inadvertently prohibited banks from selling, buying gold and other things that they can," - said Medvedev RIA Novosti. The new law defines a commercial activity, as a form of entrepreneurial activity that is associated with the acquisition and sale of goods. But at the same time, banks are forbidden to engage in trading activity and, hence, buy and sell precious metals. This contradiction must remove the bill Medvedev.