Wednesday, June 1, 2011

Gold fever among Russians in the future year forecast of the Savings Bank

Next year, sales of precious metals in anonymous form and gold bullion could rise three-fold, while sales of coins made of precious metals - 1,7 times, currency experts predict the Savings Bank. Note that already this year, demand from customers of the Savings Bank to open a depersonalized metal accounts (CBO) was a record. As of December 1, customers of the Savings Bank opened 150 thousand OMC - more than during the entire preceding period of the commission of this operation (2002-2007). The total number of CBOs that date has reached 280 thousand accounts. Most of all citizens to open accounts in gold: this equivalent, according to the December 1, is open 88% of CMI, silver and platinum are in equal shares, almost 11%, palladium - 1,5%. Current balances of unallocated metal accounts in gold equivalent production exceeded 51.8 m. According to a leading specialist department dealing in precious metals Nomos Bank Vladimir Volodya, in conditions of instability in the international and financial and commodity markets, investors returned to the traditional "shelter", which are the gold and silver, which has provided a significant share of demand for these metals. Further developments will depend on the situation on world markets, said Mr. Volodya. For example, this year the gold price in world markets fluctuated considerably, then rolls over for a thousand dollars an ounce, then dropped to 710 dollars per ounce. "All this happened due to the fact that gold prices have all this year formed a more speculative mood of investors, rather than the real economy businesses that use gold production," - explains the analyst IFD Kapital Paul Shelekhov. In turn, an analyst at FK "Opening" Valery Piven notes that prices for precious metals next year will largely depend on the behavior of currencies, in particular the EUR / USD: "If the apocalyptic predictions come true, will be a sharp fall in the dollar, the gold price will rise substantially in price. So the chances that the price of gold will be much higher than now, there is. " According to him, the gold in the next year is unlikely to be a way of earnings, because the guaranteed rate of return on it rather difficult to predict. For example, to earn money for buying gold bullion, you must be sure that gold will rise by 18 percent or more, because it is a percentage of the VAT will have to pay for its sale back. But as a way to save money, says Mr. Piven, this precious metal is acceptable: "The inflationary process operates on this precious metal is not so, as for cash." According to the analyst Uralsib Leonid Slipchenko, investments in precious metals citizens will both of the funds withdrawn from the stock market, and due to the ongoing savings in banks. Recall that due to a sharp weakening of the ruble against the dollar and instability in currency markets in October, citizens withdraw from the banks of the order of 354 billion rubles., Or 6% of total deposits in Russian banks. Absolut Bank deputy chairman Oleg Skvortsov not exclude the fact that investments in precious metals will be sent and the current income citizens.

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