News Silver as an investment: value-shredder or protection against inflation

News Silver as an investment: value-shredder or protection against inflation

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Thursday, 05.12.13 , written by Bernd Lauberg In addition to gold, silver is regarded as the most important precious metal in terms of investment. But in 2013, many investors were disappointed. So the silver price has fallen massively this year. Instead of providing inflation protection, the silver investment has substantially reduced investors’ capital over the last year. Nevertheless, demand for Silber verliert als Geldanlage an Wert

Silver as investment: besides gold, the most popular precious metal

At the end of 2012, the price of silver was $ 34 per troy ounce. By contrast, at the end of November 2013, only $ 20 was left. So, if you chose silver as an investment last year, you had to accept a significant decline in value. And last year silver was the biggest value eraser among the precious metals. According to the news agency Bloomberg, the price of silver changed by -37.1 percent compared to the previous year. Gold lost only 26.5 percent in value, platinum 9.7 percent. Only palladium, a precious metal used, for example, to decolorize gold or medical instruments, posted an increase in value of 21 percent.

Tax on silver increases in 2014

For investors who are now considering investing in silver given low silver prices, a change in law from January 1, 2014 is important. Then silver coins lose their tax privilege. Instead of the previously reduced seven percent VAT then 19 percent VAT must be paid when buying silver coins. For silver bars, the higher tax already applies. The investment in silver thus loses even more appeal with the new year.

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Take advantage of low price for silver and access now

Currently, however, a rush on the precious metal is clearly noticeable. For example, Axel Potthast, Managing Director of Goldkontor Hamburg, and Daniel Marburger of Jewelers Trade Services Limited in London confirmed a strong increase in demand vis-à-vis manager magazin online. However, both also stress that an investment in the commodity should be made later this year to benefit from the tax privilege. Meanwhile, some silver coins are now difficult to obtain, the increased demand leads in part to supply shortages.

Silver price 2014: Development of the precious metal unclear

Meanwhile, it is questionable how the silver price – apart from changes in VAT – will develop next year. Because with the beginning of the new year, the demand is likely to decline markedly by the VAT increase. In addition, the price of silver also depends heavily on global economic development. The better the industry develops, the more silver is demanded as a raw material. If the world economy or large customers like China weaken, so does the demand and thus the price of silver. As inflation protection, silver is therefore only suitable for the long term. In the short and medium term, the precious metal is too dependent on developments on the world market.

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  • Bernd Lauberg
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News Classical pension insurance Comparison: Where is the most money?

News Classical pension insurance Comparison: Where is the most money?

finanzen.de News always well informed

Wednesday, 26.04.17 , written by Christian Hafler A recent comparison of various classic annuity policies shows how much this pension has changed over time. Some insurers are doing much better than others with the low interest rates. If paid in 2017, the differences between the providers will be in the range of several thousand euros. >  Private pension insurance: There was significantly more money here in 2017

A recent comparison of the branch service Map-Report has reviewed the success of classic pension insurance in recent decades . Among other things, the one-time disbursements of insurance policies with a term of 20 years and a pension beginning between 2005 and 2017 were scrutinized. The figures clearly show that a non-smoking, 43-year-old insured, who paid 1,200 euros annually to the insurance company, could enjoy a much higher return and thus a lump-sum payment if the pension started in 2005 and not in 2017. Depending on the period, the average return is 3.8 to 5.9 percent .

Private pension insurance: Situation on the financial markets influences returns

The average performance of the pension schemes tested fell between 2005 and 2017 from 46,256 euros to 36,390 euros . For precautionary interested parties, this means that traditional offers always yield less and less. This is also due to the guaranteed interest rate, which peaked at 4.00 per cent in the mid-1990s and since then has been reduced to 0.9 per cent.

In addition, insurers can achieve lower surpluses over the guaranteed interest rate compared to previous years. All this contributes to the fact that the classic pension insurance hardly pays off against unit-linked options and other pension plans .

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Benefit of pension insurance: differences of 6,000 euros and more

The map report has not only compared the amount of payouts for the different periods. The analysis also examined the level of lump-sum compensation within a single year and the insurer’s dependence on it. For a term until 2017 , benefits vary accordingly between 33,764 euros and 39,866 euros . Not all companies have participated in the market investigation. Nevertheless, it can be seen that, at the end of the term, it can make a significant difference to the amount of the lump-sum payment or the pension, which provider insureds choose for their retirement.

Top 3 of the pension insurance with retirement in 2017

  1. Cosmos
  2. Public Brunswick
  3. R + V

Alternatives to the classic pension insurance

The classic pension insurance offers a very high level of security, but is now unsatisfactory in terms of returns for many savers . In addition, more and more insurers are foregoing classic provision products due to the low return prospects. However, there are other ways to provide for the retirement. These include on the one hand unit-linked annuity and life insurance . For these, a higher proportion of contributions is invested in high-yielding assets such as equity funds. This increases the chances of returns, but also involves risks.

On the other hand, both classic and unit-linked provision products are available with government support. Depending on the personal life and work situation, Rürup pensions are suitable. However, a generally recommended product does not exist. Therefore, it is important for pensioners to find out in advance exactly about the different variants .

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