Unallocated metal accounts (UMA)

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Depersonalized metal accounts are a banking product that allows you to invest in gold without physically transferring it. In this case, the precious metal is stored in the bank, and the investor receives the right to a certain amount of metal.

Advantages of compulsory medical insurance :

Security: Since the asset is stored in a bank, the investor does not have to worry about its safety, which greatly simplifies the process.
Higher liquidity. It is easier to close an OMS account by contacting the bank where the account was opened, without having to look for a buyer on the open market.
Low entry threshold. But it may vary depending on the bank.
Disadvantages of compulsory medical insurance :

Limited freedom to sell. You can only sell to the bank belgium whatsapp phone number where the precious metal was purchased, which may limit your options if you need to sell quickly.
Bankruptcy risks. Although OMS are considered reliable, they are not insured by the Deposit Insurance Agency, like, for example, bank deposits. In the event of financial problems of the bank, there is a risk of loss of funds.
On the topic. Long-term and short-term investments: compare and analyze



Pros and Cons of Investing in Gold
Like any other asset, gold has its own advantages and disadvantages that should be taken into account when choosing this investment tool. We have already discussed some points above, but let's look at both sides in more detail.