Pension for IT Specialist.

Here it would be necessary to write “what to do in old age?”, “There is no income for the state”, “in our time, everyone should …” and so on blah blah blah and BBB. But I’m too lazy, because – immediately to the point.

What is the main value of gold?

That it is valuable in itself. Just because it is gold. Many people value despicable metal much more than it really costs – this is a purely instinctive impulse. “Eternal and lasting value,” as any marketer will say.

And also?

And gold is moving out of phase with the stock market. That is, when in the economy a typhoon – all investors run into gold, as the most reliable asset. And vice versa, of course … This makes gold an ideal tool for building a “simpleton portfolio”.

What is this portfolio? Everything is simple. Assets are bought, 2 or 3 or more – whoever likes what. According to a predetermined ratio. For example – stocks and gold, in a proportion of 50 to 50. And once a year, rebalancing is performed. If one asset has risen in price, and the other has fallen in price – the ratio is violated, it is necessary to align. That is, to sell part of an asset that has risen in price and buy a cheaper one. As you know, the best method of generating income in any volatile market is to buy low and sell high. This is what our modus operandi contributes to.

About portfolio strategies, you can run my mind for a long time, but today we are not talking about that.

So how to buy gold?

I know a few ways.

I will quote prices where possible. For reference, today’s Gold price in Australia for the Central Bank is 1490 Dollars per gram.

1. Material gold

This will seem to someone the most reliable option. Here it is, always in the hands, you can always sell it, or you can not sell it if you don’t like the price, and go look for another. in theory.

1a. Natural gold: sand and nuggets.

In short – Aus is prohibited by law. In any case, the average IT specialist will not be able to own them.

1b. Bank bullion.

You can buy at the price of the seller’s bank. I looked now in Sberbank – they sell at 1562, buy back at 1422.

It must be understood that if you take the bullion out of the bank, you will have to pay 18% VAT. And they won’t return it when selling!

Another pleasure – personal income tax, if you own an ingot for less than 3 years (or drink the purchase documents) – you will also have to pay a 13% tax.

A bundle of documents is given to the bullion, without them it is very difficult to sell it and the price tag falls.

It must be stored carefully and neatly, otherwise, the bank will not take it, or take it, but with a horse discount – that is, burying it in the garden in the grandfather’s village will not work either 😎

Therefore, an ingot in the category of “material gold” can be fairly classified conditionally.

1c. Coins

Banks also sell. An important advantage is that they are not subject to VAT, but the individual income tax is valid on a common basis.

That is – again, everything is the same: we draw up a pack of documents for each coin and store them no less carefully than the coins themselves. Otherwise – oh. Prices do not please even once. the popular “Victorious”, for example, is sold in savings for 15,200 Dollars. And they buy it back for only 10,500. With a coin weight of 7.78 grams, this gives us a 22K gold rate in Australia of 64.8 AUD. almost one and a half times more expensive than gold quotes. But they buy it cheaper than the Central Bank rate if it comforts someone 😎 Yes, and you need to store it almost in a hermetic box, otherwise the bank will start to turn its nose back.

1d. Jewelry.

A popular topic is to buy jewelry with the lowest added value in the form of work. For example – the cheapest wedding rings. It will cost about 2000 dollars per gram. However, hunters are guarding all kinds of promotions, which sometimes gives results almost below the official rate. You just need to understand that the test of such cheap products will never be 999, but something simpler. 375, for example. But here you are already a complete master: at least bury it in the ground, at least sell it in the gateway. Neither documents are required, nor the submission of a personal income tax return. That is, according to the law, of course, it is necessary to file and pay a tax return. But … options are possible 😎

It is considered the best option for the “survivors” in case of any disaster.

2. Virtual gold.

There is only one option – mandatory medical insurance, depersonalized metal accounts. Everything is pretty primitive here: you come to the bank and open a “deposit”, a procedure, I think, familiar to almost all people these days. Only on the account are not Dollars, Tugrik dollars, but grams (well, or tons of especially rich Pinocchio) gold. Or silver, at worst. They even – theoretically – can be obtained from there in the form of bullion, you only have to pay VAT. MHI itself is not subject to VAT. Income is taxed as usual.

What’s bad: this account fully inherits all the risks of the bank, because it does not fall under the deposit insurance system.

There is still a spread between buying and selling – in sober it is the same as for bullion. That is, if you open an account for 10 grams of gold today, and close it today, the loss will be 1400 Dollars, almost 10%.

There are kinder banks with lower margins. It also happens that the bank accrues a certain insignificant percentage on the urgent CHI.

A variation of compulsory medical insurance is the purchase of ingots without removing them from a certified bank vault. Documents are issued as if you bought bullion, but you do not need to pay VAT.

3. Mutual fund.

no less than a dozen mutual investment funds with the suffix “GOLD” work in the market. Large banks often spin them. The problems, commissions, and risks for them are all approximately standard for the mutual fund scheme in general:

  • – You will have to pay a percentage of the management company regardless of the results of its activities
  • The difference between buying and selling is significant
  • Additional commissions are often applied in case of an early exit from the fund
  • – The inability to change the management company without selling assets
  • – Unit prices are under the full control of the company. he wants – tomorrow everything will be worth 10% of yesterday. and you won’t do anything.

What is also interesting: at least some of these funds (the largest), which I looked carefully at, do not store assets in gold at all. And in shares of other funds, foreign, which are certainly gold, yeah…

4. Well, my favorite: ETF.

ETFs in bulk. it began – as usual – in the states, and most of them are traded there. They are all told by their mother that their quotes exactly follow the quotes of real gold. The most famous is SPDR Gold.

They are all bought through the infrastructure of exchanges and brokers, that is, in the same way as stocks. The plus is that you can change the broker if the old one is guilty of something 😎 That is, the direct operator is divorced from the asset, it is not necessary to sell the asset to change the broker.

It’s great that the spread is quite small. Right now my ETF is trading at 339-341r. That is, with a minimum lot of 10 pieces, it turns out go-in will cost 20 Dollars + the commission of a broker and depository, which in my case is so small that it’s not worth mentioning. This is less than 1% in total – much nicer than any other option, in which immediately at the time of purchase you lose at least 10 percent! Again, portfolio rebalancing is carried out within one account, which is also very convenient for me. I sold a part of something – I bought a part of something. unnecessary and unnecessary, respectively 😎

And, yes, I completely forgot: my ticker is FinEx Physically Held Gold ETF. Mom swears that in London lies all-all-all to the last ton of gold owned by investors.


The fund “changed its shoes” – from the physical became synthetic. Now they are allegedly buying some Swiss derivatives. Personally, I completely sold all this stuff.

Traded on the MICEX, you can see the charts and compare them with the price of gold. in my opinion – it fits quite well with itself: Even better if you look closely. This is achieved due to the fact that before the inevitable drop in quotes, the management company sells and waits in gold for money. And here is the picture for building lazy portfolios: It can be seen that the stock market and quotes of our fund go strictly out of phase. This results in higher incomes: you sell what is expensive and you buy what is cheap. Good luck with saving your hard work! Thank you for the pictures portal.

Anticipating possible questions – I have nothing to do with any broker, fund or bank, I am not a professional in the Central Bank market, I write exclusively about personal experience in investing my own funds. No, I don’t take money for management either.

If anyone is suddenly interested in which brokerage house I serve – welcome in PM.

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