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Financial Analytics: Science and Experience
 

Precious metals: the way of deposit to the consumer

Vol. 4, Iss. 15, APRIL 2011

Available online: 12 April 2011

Subject Heading: BANK TECHNOLOGIES

JEL Classification: 

Filatov Y.V. research assistant of the Research center of the monetary and credit relations of the Institute of finance and economic research of Finance, assistant of chair «Investment management» of Finance University under the Government of Russian Federation
efilatov@fa.ru

Shapkin D.S. chief specialist of the Development department of Finance university under the Government of Russian Federation
dshapkin@fa.ru

In this article, based on the analysis of existing scientific and practical literature, current legislation, as well as a practical experience of the authors in the Russian market of precious metals the generalized scheme of the movement of precious metals from the moment of extractions to the final customer in Russian Federation has been developed. Also in the article the main steps and parameters for «standard» banking transactions to purchase precious metals from enterprises subsoil were determined, and different approaches to the formatting of ultimate value of gold (and its components) depending on the composition of the participants of the deal of sale of physical metal on the Russian market were identified.

Keywords: precious, metal, market, turnover, scheme, circulation, extraction, production, affinage, implementation, refined, London fixing

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ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

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