OREANDA-NEWS. January 12, 2012. GLOBEXBANK launches new product for individuals – Unallocated Bullion Account.

Unallocated Bullion Account is used for recording of metal movements in allocated form and measured in grams without specifying particular characteristics (quantity of bar, fineness, producer, serial number and etc.). That is one of the most popular investment instrument of long-term investments diversification and additional profit gaining.

The main advantages of the new product are VAT exemption for precious metals purchasing and selling in unallocated form; buying and selling at market prices; minimum initial and additional payments; possibility of getting high profits due to metal prices growth.

According to Senior Vice-President Mr. Filippov V. Sergey “Unallocated Bullion Account is an opportunity for our Clients to diversify their savings by investing in precious metals, make profit out of precious metals prices rise and reduce risks of negative tendencies in international financial markets. That is our New Year present to our Clients as a receipt towards financial prosperity”.

The contract is permanent, initial payment is 10 metal grams, minimal additional payment is 1 metal gram. Deposits, additional inputs and debits of recorded on an account precious metals in form of bullions in material form are impractical. No interest is paid. It is possible to open and credit accounts in gold, silver, platinum and palladium.