Banking metals. Coins

Forex market play

•Carrying out banking metal sale/purchase transactions without a physical supply through PJSCCB PRAVEX-BANK.

The Bank allows the client to participate in the currency market to carry out banking metal sale/purchase transactions for the validity period of the agreement entered by the Bank and client. Carrying out banking metal sale and purchase transactions without its physical supply is allowed for individuals only.

To enter this market, the client should purchase at least 1 round lot of gold = 500 ounces (15 552 grams) or 1 round lot of silver = 10 000 ounces (311 035 grams) - which is approximately USD 400 000 (if the price per ounce is USD 800) and USD 130 000 (if the price per ounce is USD 13) respectively. Not every client can afford this amount.

That's why PRAVEX-BANK gives the client the possibility to buy gold or silver and pay only 12% to 20% of the advance payment depending on the number of round lots. Thus, clients may freely enter and operate on the FOREX currency market.

The Bank gives a client money to make a purchase, without the advance payment made by the client (12-20%); the one-time Bank commission for the client's purchase of a banking metal is 2%. Banking metal rates are established according to world prices as reported by the international exchange.

Advantages of banking metal sale/purchase on the FOREX market.

• The possibility to buy metal, making a 12-20% percent advance payment depending on the number of round lots (e.g., if a client buys 500 ounces, he pays 20%).
• A banking metal sale/purchase on the world market through PJSCCB PRAVEX-BANK does not depend on the availability of the banking metal in PRAVEX-BANK branches.
• The banking metal price is the world market price at the moment of carrying out the transaction.
• Receiving a profit for the minimum time interval (if the price goes up rapidly in 1 day).
• No bank commissions for the metal sale.

Let's consider an example of client benefits from a banking metal sale/purchase on the FOREX market.

Purchase: USD 746 (price per 1 ounce of gold on the world currency market indicated by a client for a gold purchase);

500 ounces - weight of the purchased metal;

USD 746 х 500 ounces = USD 373 000 (transaction price).

1. The client pays:
• USD 373000*20% = USD 74 600 (advance payment sum);
• 373000*2% = USD 7460 (bank commission for the purchase of metal).
  In total the client pays: USD 74 600 + USD 7 460 = USD 82 060 (crediting funds to the client account is carried out in the national currency according to the NBU exchange rate).
2. After the funds are entered on the client's account, the Bank purchases metal according to the client's order.
3. 500 ounces of gold is credited to the client account.

Sale: $770 (price per 1 ounce of gold on the world currency market);

500 ounces - weight of the sold metal;

USD 770 х 500 ounces = USD 385 000 (transaction price).

Client profit: USD 385 000 - USD 373 000 - USD 7 460 = USD 4 540

Therefore, by playing on the FOREX market you can receive a large profit for a short period of time, carrying out banking metal sale and purchase transactions without its physical supply.