The different accounts in gold
If you choose to invest in gold, you should know that there are accounts especially designed to stop this kind of value. We will examine the different types of gold accounts
Accounts assigned and unassigned
Accounts assigned and unassigned: these accounts of "deposit" of gold differ assigned and unassigned accounts. As it regards the assigned accounts are stored in safes house a supplier. Obviously, this safe is heavily guarded and you can deposit money into it in different physical forms (bullion, coins ...). Each time a deposit is made is numbered and punch of quality based on its actual value, determined by the purity and weight of gold is added. Although this service is billed to the depositary, it is one of the surest ways of owning gold. The main advantage of assigned accounts is that only the depositary has the right to rent or sell gold belongs to him.
On the other hand, the unallocated accounts function differently. Indeed, in this case, the bank that stores gold is entitled to use it, ie rent. The main advantage of this type of account is that no storage costs. But recently, some banks have begun to charge service fees to unallocated accounts because of low profitability. As with any investment banking, account holders assigned not depend on the solvency of the bank, and customers of this type of account are often large investors or agents of private banks, since only the higher amounts are accepted 1000 oz.
Common accounts
The public accounts: the accounts of common gold have the advantage of being accessible with small amounts of gold and with predefined interests and identical, whatever the amount of gold deposited in them.
Accumulation plans
Accumulation plans: Also called GAP, accumulation plans resemble traditional savings plans. It is here to save a certain amount on a regular and recurring. The amount saved is then invested in gold. One advantage of this type of account is that gold purchases are not subject to a premium, as is the case for independent gold purchases. Risks are also limited, since the investment is long term and progressively. If the holder of the account you want to close your account, you can retrieve the gold in physical form.
Electronic currencies
Electronic currencies: It is an effective way to use gold as money. The physical gold stored and electronically converted and can be used as a virtual wallet.
In short, there are many ways to store, invest or use gold for financial purposes. Although some accounts are more profitable than others, you need to keep in mind the safety aspect in order to invest in the best way and monetize this investment over time.
If you choose to invest in gold, you should know that there are accounts especially designed to stop this kind of value. We will examine the different types of gold accounts
Accounts assigned and unassigned
Accounts assigned and unassigned: these accounts of "deposit" of gold differ assigned and unassigned accounts. As it regards the assigned accounts are stored in safes house a supplier. Obviously, this safe is heavily guarded and you can deposit money into it in different physical forms (bullion, coins ...). Each time a deposit is made is numbered and punch of quality based on its actual value, determined by the purity and weight of gold is added. Although this service is billed to the depositary, it is one of the surest ways of owning gold. The main advantage of assigned accounts is that only the depositary has the right to rent or sell gold belongs to him.
On the other hand, the unallocated accounts function differently. Indeed, in this case, the bank that stores gold is entitled to use it, ie rent. The main advantage of this type of account is that no storage costs. But recently, some banks have begun to charge service fees to unallocated accounts because of low profitability. As with any investment banking, account holders assigned not depend on the solvency of the bank, and customers of this type of account are often large investors or agents of private banks, since only the higher amounts are accepted 1000 oz.
Common accounts
The public accounts: the accounts of common gold have the advantage of being accessible with small amounts of gold and with predefined interests and identical, whatever the amount of gold deposited in them.
Accumulation plans
Accumulation plans: Also called GAP, accumulation plans resemble traditional savings plans. It is here to save a certain amount on a regular and recurring. The amount saved is then invested in gold. One advantage of this type of account is that gold purchases are not subject to a premium, as is the case for independent gold purchases. Risks are also limited, since the investment is long term and progressively. If the holder of the account you want to close your account, you can retrieve the gold in physical form.
Electronic currencies
Electronic currencies: It is an effective way to use gold as money. The physical gold stored and electronically converted and can be used as a virtual wallet.
In short, there are many ways to store, invest or use gold for financial purposes. Although some accounts are more profitable than others, you need to keep in mind the safety aspect in order to invest in the best way and monetize this investment over time.
