Russia will simplify the procedure for selling investment gold to refining companies. The newspaper reports this “News” Referring to the Ministry of Finance.
The agency proposed allowing documentation on the quality of bars and coins to be prepared not only on paper but also in electronic form. In addition, refinery organizations will be able to purchase precious metals for investment purposes from Russians through intermediaries without a purchasing license. They may be companies licensed to purchase jewelry and other items made of precious metals or stones, including pawnshops.
According to the Ministry of Finance, such a measure will expand the metal supply sources required for ingot production and reduce their final costs, as the operations are not subject to VAT.
previously gold guess record price increase.