Choosing a deposit in gold as the best option for storing funds when trading on the exchange
For many years, engaged in exchange trading, I have adhered to an important rule: never keep more funds on the trading account than necessary for work.
Everything that is higher than the necessary volume for transactions, I prefer to keep separately - on another, reserve score.
This approach can significantly reduce risks. For example, in active trade, I use about $ 20,000, and another 25,000 are stored in stock - in a separate account that does not participate in tenders and is not subject to market fluctuations.
At the same time, the question arises - what to store the reserve of funds in a spare account, what currency will be preferable at the moment?
On the main thing, by the trade account, I, out of habit, continue to use the American dollar, but there is absolutely no desire to store spare money in this currency.
Of course, you can use the euro, but this currency does not really deserve confidence today, so it cannot be called completely safe.
In what currency is it better to store the reserve?
For completely safe storage of money, so long ago, one of the brokers has an interesting alternative - this is an account in gold.
| Parameter | Board in dollars (USD) | Count in the euro (EUR) | Gold account (Gold) |
|---|---|---|---|
| Reliability during crises | Average | Average | High |
| Inflation protection | Low | Low | Excellent |
| Volatility | Average | Average | Low |
| Liquidity | High | High | High |
| Convenience of storage | Excellent | Excellent | Safe (without physical gold) |
During periods of instability and high inflation, precious metal is constantly growing up and for my purposes in gold is the best choice, because the money on it stored for a long time and I rarely use it for trade.
In addition, such a deposit in gold can be used as a simple option for storing savings for a long time. Since, unlike the purchase of physical gold, here you buy metal at a more favorable cost and it is not necessary to store it, fearing for safety.
You can open the account with the currency of the deposit in gold in Roboforex , the opening form itself is as follows:
If you still do not have an account with this broker, then to open it, you first need to go through standard registration.
I myself have been working with Roboforex since 2011 and I can say with confidence that this is the best broker of those who had to deal with. And with the appearance of accounts on which the bill is the most convenient currency, since here it is possible to store funds not participating in trading or simply your savings for a long time.
An additional positive point is that you will not have to pay tax on capital, immediately when you transfer precious metal into ordinary currency.