Investments in precious metals. How to make money on gold, silver, platinum..?

Investments in gold: features and nuances

Gold is in great demand. At least because it is used in many areas, from making jewelry to parts for satellites and military equipment.

On the other hand, gold is the financial reserve of any country. And the more it is, the greater the reserves of the country as a whole. Gold provides stability in the country. And this is clearly visible when a crisis occurs in the country. The larger the country's reserves, the more stable the national currency and financial policy in general.

Many people mistakenly believe that by investing in gold they can quickly make a profit. This is partly true. In terms of profitability, investing in gold can be compared to real estate. The profitability is not as high as it might seem.

As a rule, most investors prefer to invest their funds in gold for safety. When a crisis occurs, the currency depreciates and falls in value. Gold, on the contrary, begins to be in demand and begins to rise in price. Thanks to this, investors not only maintain their wealth, but also increase it.

What specialties are in demand when working as a shift worker at mines and approximate salaries?

The gold and diamond mining industry is a complex technological production that requires the interaction of workers from many professions.

In addition to positions related to mining itself, other specialties necessary to ensure basic production are also in demand.

There are plenty of such vacancies and, although professionals are preferred in this field, it is possible to find work on a rotational basis without experience, qualifications or specialization.

Most vacancies are in manufacturing, gold or diamond mining. Ranked by salary, the list of available positions looks something like this:

managerial positions (salary from 80,000 to 150,000 rubles);
“on-site” managers, foremen and foremen (70,000 – 100,000 rubles);
engineering and technical positions (RUB 80,000 – 100,000);
skilled workers for production (50,000 - 80,000 rubles).

In the video, the shift worker shares his many years of experience and warns newcomers against the mistakes he made in his time

Vacant positions for managers are quite rare and they are usually not related to shift work. Their applicants are subject to serious requirements for appropriate qualifications and many years of experience. Such vacancies could be:

Position of production director.
Vacancies for chief or leading engineers.
Positions of heads of various production departments.

Vacant positions for middle managers are more common ; such employees perform their job duties primarily on a rotational basis.

The largest number of fresh vacancies is always available for the last two categories, and these are rotational types of work. Qualified specialists in the following professions are in demand:

process engineers of chemical and mining production;
specialists in blasting and mining operations;
electrical and energy engineers;
engineers for the operation of wheeled and tracked vehicles;
specialists in the operation of drilling and pumping equipment.

Working specialties for production needs are needed more than others , the most mentioned vacancies are:

drivers of special equipment (excavators, all-terrain vehicles, tractors, bulldozers, loaders, mining dump trucks);
operators of mining, drilling and pumping equipment;
chemists and laboratory technicians;
truck drivers;
electricians;
gas and electric welders;
mechanics for repairing various equipment;
operators of sorting complexes;
crushing section foremen;
installers of various structures, other working specialties.

There are a few vacancies for general workers ; those who want to get these jobs must be prepared for hard work. The salary for such work is promised to be around 50,000 rubles. The same category includes the following shift vacancies for women:

cooks;
cleaners;
inspectors of sorting areas.

Buying gold bars

The easiest way to make money on gold is to buy it. The essence is extremely simple, you just need to come to any bank and draw up an agreement to purchase gold. After some time, you receive an ingot in your hands.

This method of investing is highly discouraged for several reasons. A very large commission in the form of taxes of 18% when purchasing metal. Upon sale, a fee will also be charged for an examination to verify its authenticity. The cost of this service is about 10%.

What conclusion can be drawn? To save your money, much less earn money, you need to wait for the moment when gold increases in price by more than 30%. Otherwise, instead of profit, you will receive losses.

Nobody knows how the price of gold will behave in the near future. It will rise or fall. Therefore, this method of investment requires more than one or two years of waiting. The method is designed for the long term.

Gold jewelry

Jewelry is the easiest to obtain, but selling it will not bring wealth. This is more a suitable option for those who need to get cash in a short time. Since when purchasing, the price includes the price of gold, the work of the craftsman, the cost of precious stones and tax, and when selling - only the cost of the scrap metal itself, it is difficult to make money on jewelry. This will only be a realistic option if the price of gold increases significantly. You can sell the products themselves, but then the income will be profitable only on a huge scale.

Those who want to get serious about reselling jewelry can take a look at the Gold Affiliate program. It offers to direct clients to goods from the manufacturer, in return paying for the partner’s services with a commission of up to 30% of the cost of the goods. In this case, you can create your own online store, where you can place the products you offer and set the price for them yourself.

Everything is absolutely legal, but it requires a person cooperating with Gold Affiliate to constantly spend time and effort on sales and approach this business in a “businesslike” manner.

Opening of impersonal metal accounts (OMS)

A more interesting way to make money on gold. Purchases are made not in whole bars, but in grams. The main advantage of this method is the absence of taxes. Therefore, it is possible to make money almost instantly on changes in the gold rate, since transactions are carried out quickly.

Another advantage of this method compared to buying bullion is that you do not need to hold gold in your hands. The fact is that if the packaging on the gold is opened or damaged, the gold can be safely sent for scrap as it deteriorates. Because of this, the risks increase greatly.

Using compulsory medical insurance, you don’t have to worry about this issue. Essentially, you buy a gram of gold and are its owner, but in fact the account contains money worth the value of the purchased gold. This allows you to make instant transactions with funds in your account. In accordance with how the gold rate changes, the funds in the account also change.

Is there such a possibility?

The idea is non-trivial, but feasible.

Today, salaries at enterprises developing gold deposits are among the highest in the country.

Diamonds are also mined not only in Africa, Russia is one of the leaders in this area; Of course, the industries in the industry need workers and with the payment for such labor, one must think, everything is “at the level”. This is about the possibility and advantages of such shift work.

There are also disadvantages, and they are significant.

Gold and diamond mines are located in places remote from civilization - the north of the Krasnoyarsk Territory, Kamchatka, Khanty-Mansiysk Autonomous Okrug. Many enterprises for the extraction of precious metals are located beyond the Arctic Circle - Severobaikalsk, Yakutia, Magadan, Bodaibo, Susuman - these places even have harsh names.

Most gold and diamond deposits are located far from populated areas

With rare exceptions, except for a few local inhabitants and numerous animals, no one lives there permanently; to organize production, they traditionally use a rotational method of servicing production. Mine workers live and eat almost in the same place where they work; living conditions, you need to understand, are more than Spartan.

Although exceptions are possible here too - for example, the Polyus company, specializing in gold mining, in advertising its rotational camps, indicates the presence of gyms and libraries in them.

Buying shares of gold mining companies

Quite a risky way to invest. The essence of making money is that as the price of gold rises, the shares of gold mining companies will rise next.

This method will be effective when there is a crisis or difficult economic situation in the country. In times like these, the demand for gold increases. Since such companies are direct suppliers of the asset, their shares rise in price. You can make money from this.

The problem is that gold itself cannot be wrong. Gold mining companies may well make a mistake that could lead to bankruptcy and loss of all invested funds.

Investment and rare coins

Weighted gold coins can be a good purchase, but you also need to be selective. There are usually two types of coins: investment and commemorative. The former are specially issued by the bank so that ordinary people can invest money in them, while the minting of the latter is usually timed to coincide with some memorable event. Their disadvantage is their low return - when selling back, the profit can be much lower than the rate at minting. It will take several years for the coins to become profitable.

So, this is suitable for those people who don't mind being patient.

The most valuable are hybrid numismatic objects that are both gold and rare. One example is the Saint-Gaudens coins, which were minted in the United States in the first third of the 20th century. It is not enough to purchase such objects (for example, on Ebay); you still need to obtain a quality certificate for them from one of two special agencies - either Numismatic Guaranty Corp. or Professional Coin Grading Service. Over time, their price will increase significantly, and you can become filthy rich. Verdict: suitable for those who are willing to invest a lot of money and get even more.

Investments in investment funds

A controversial way to invest in gold. Investment funds are engaged in trading precious metals such as platinum, silver, gold, palladium and others. However, gold still remains a priority.

The essence of making money is investing in a common fund, which serves as a general deposit for speculation in the market. In accordance with the deposited funds, profit is paid as a percentage. The method has a right to life, but in essence, people invest not in gold, but in a trader.

Market speculation

One of the most promising and profitable ways to make money on gold is trading the asset. When trading any asset, you must be guided by one rule - buy cheaper and sell at a higher price. The difference, accordingly, will be profit.

Why does this method of earning money have great prospects? Even at the beginning it was said that there is and will always be a demand for gold. At least until a cheaper alternative or a complete replacement of the material is found. Given current capabilities, this is not expected in the next hundreds of years.

If you look at the gold price chart, you can see a clear increase. And with such rapid growth, the cost will continue to rise.

How to make money trading gold

Very simple. Wait until the price drops to a significant level and open buy positions at this price. When the price rises to a certain level, you need to close positions and take profits.

The main advantage is that you can trade during the day. To get started, you need to open an account with any reliable broker. Top up with the required amount. Install the terminal on your computer and customize it for yourself. After which you can move on to market analysis.

Of course, to trade in the market, you need to have basic knowledge of trading. This will take a week, no more. You can trade based on news and economic indicators, or using technical analysis to identify price movements on a chart. A matter of taste and preference.

Unlike currency pairs and stocks, the price of metals is less volatile and does not make sharp changes. The schedule is smoother. This allows you to catch strong trend movements and lock in big profits.

What strategy to use?

Choosing the optimal trading strategy will allow the investor to make profitable trades, avoid serious failures and receive a stable income from his activities. The easiest way for beginners to get used to the stock exchange is to use a simple but effective strategy. The name “news game” speaks for itself.

Knowing the cause-and-effect relationships between certain events and gold prices and analyzing economic and political news, a trader has the opportunity to predict with high probability the movement of the price of the precious metal and successfully trade on Forex.

During a period of prolonged falling prices, it is worth buying assets and being calm about the fact that quotes continue to decline. It must be remembered that after a prolonged decline, there is a very high probability that the price will return to its previous or higher positions.