How to buy gold on the stock exchange

The acquisition of gold is an alternative version of the investment of funds, acquiring a special relevance during the period of financial instability. Consider the main steps to be to make the future investor to buy gold on the stock exchange.

Exchange transactions for the purchase of gold have a number of fundamental differences from other methods of acquiring precious metal:

Exchange trades not gold, but so-called futures contracts. This is a contract for the purchase and sale of a basic asset (in this case of gold). Upon expiration of the agreed period, the parties are calculated with each other, paying the difference between the market value of the asset and the price specified in the contract.
In fact, you become the owner of gold virtually. Buying gold on the stock exchange does not mean that you will be given a gold ingot. This is just a purchase of a contract provided precious metal.
The main advantage of this investment method is the lack of storage costs. You do not have to worry about the safety of gold and worry about what you can rob.

The first step is to determine the method of connecting to trading:

In the Russian Federation, the main platform for trading by precious metals is Forts - section of the Precious Metals Market Exchange MICEX.
To start operations, you need to conclude a service agreement with one of the participants licensed to carry out trading. To individuals is prohibited directly to perform operations on the stock exchange. Full list of brokers can be viewed on the website Exchange MICEX.
When choosing an intermediary, pay attention to the size of the Brokerage Commission, the company's rating, the level of technical support and the deadlines for the output of funds.
After signing the service contract, you need to establish a bidding program. At the moment, a wide range of trade terminals is presented on the market: QUIK, NET INVESTOR, ALOR-TRADE, as well as the own development of MICEX MICEX TRADE.
Get a login and password to your broker to access the system. If necessary, generate the EDS keys to conduct trading operations.

The price of gold is installed twice a day at the London Stock Exchange (LSE). The process, as a result of which the price is determined, is called "Fixing". With the help of means of communication, this information is instantly transmitted to other sites and is published in the media. It is the basis for the formation of prices in other markets. The full specification of the Futures Contract for Gold MICEX Exchange can be downloaded on our website:

Specification of the Futures Contract for Gold.

Take into account that in addition to the cost of buying futures contracts, you will have to carry a number of current costs:

Stock fee. Charges for the purchase of each contract.
Customer account.
Warranty provision - 5% of the transaction amount.
Subscription fee for using the trading terminal.
Broker Commission.

Do not forget that in case of receipt of income from operations on the stock exchange, you must pay taxes. As a tax agent, as a rule, a broker is, counting on its own and listed the required amount. However, if you annually submit a tax return, then you need to receive confirmation documents from the broker and indicate the amount of income and the amount of the tax listed.