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Search results "gold-bars"

In the current economic climate, many are once again turning to precious metals as a reliable way to invest and preserve wealth. This is due to several factors relevant to both regions with military tensions and countries experiencing high inflation.

The simplest and fastest way to invest in precious metals is by opening an unallocated metal account, or UMA. This option is suitable for those who do not want to deal with the physical storage of gold. The process of buying virtual gold is extremely simple: through a banking app, you can transfer funds from your current account to a special 'gold' account and purchase the required amount of metal.

After the abolition of VAT on precious metals in bars in March 2022 and the temporary abolition of income tax on their sale (for 2022-2023), investments in physical gold have become more attractive. An analysis of prices on July 15, 2022, shows that bars can be significantly more profitable than coins.

A bar is a block of metal, in this case, a precious one. Bars can have different shapes and masses, and specialized refineries handle their production.