OREANDA-NEWS.  January 30, 2008.   According to the results for 2007, the number of unallocated bullion accounts opened with the Bank of Moscow had trebled. "It is obvious that the popularity of Unallocated Bullion Accounts is largely associated with the instability on the securities markets and the rise in the market value of gold", says Head of the Bank of Moscow Department for Operations with Precious Metals Vyacheslav Vasiliev. "In addition, given the rapid inflation rate, gold is a sort of "safe haven" for investors’ funds".

Let is note that the prices of gold and platinum have been steadily rising recently. For instance, on 28 January, they topped their historical maximum: a Troy ounce of gold cost 929 US dollars and of platinum — 1720 US dollars. Thanks to the positive dynamics of gold prices, returns on Unallocated Bullion Accounts in this metal amounted to 27% on the rouble in 2007.

All subsidiaries and branches of Bank of Moscow offer services involving the opening and maintenance of Unallocated Bullion Accounts in gold, silver, platinum and palladium.

"Most likely, during the current year, precious metals will continue to go up in price", predicts Vyacheslav Vasiliev. "So the date of increase in the number of Unallocated Bullion Accounts is likely at least to be maintained".