Current problems of the hedging of capital of private investors in Russia
The problem of hedging investment portfolios became very sensitive in the time of the current financial crisys. Gold in fisical form is a solid garantee for savings of private investors showing a positive upside price trend since the begining of 2000-s. The Russian financial market still lacks safe instruments of investing in gold except gold bullions for which you have to pay VAT. So far as there are no analogues to ETFs investing in gold directly in Russia it prooves meaningful to cut this taxation for priate investors.