Management and Service Fee
Minimum investment Silver: CHF 250,000
Silver purchased can be priced in:
USD, EUR, GBP, CHF, CAD and AUD.
SILVER Fee – Annual Service Fees:
| Amount | |
| Institutional Investor & UHNW | please contact us |
| CHF 8,000,000 – CHF 12,000,000 | 1.00% p.a. |
| CHF 5,000,000 – CHF 8,000,000 | 1.20% p.a. |
| CHF 1,500,000 – CHF 5,000,000 | 1.30% p.a. |
| CHF 700,000 – CHF 1,500,000 | 1.55% p.a. |
| CHF 250,000 – CHF 700,000 | 1.75% p.a. |
Or equivalent in USD, EUR, GBP, CAD and AUD.
Silver is 75 x bulkier than Gold and the higher charge reflects the additional higher cost of storage and handling.
Fees are payable 6 monthly in advance for the 1st year. Thereafter the fee is payable three-monthly in advance.
Fees include:
- Vault storage of the silver
- Insurance of the silver
- All administrative matters in connection with the buying and storage of the silver
- Early warning alerts and reports on the world economy and precious metals
- Quarterly statement of the investor’s silver holdings or upon request
- Private Investment advice and consultation relating to your investment
The Silver Bullion market operation for clients
Buying Silver for clients
Silver bars are available in approx 1,000 oz (London Good delivery), 100 oz (Royal Canadian Mint), 15 and 5 kilo bars from Umicore. Market prices increase with lower bar weights.
CLIENT PRICING SILVER: for physical Silver including transport and insurance:
Paper spot price plus 1.3% – 3.5% (this depends on bar type and total weight of purchase order).
This margin represents the cost of the refinery, funding stock in bonded warehouse, vault release, transport and insurance from a foreign country. The minimum wholesale trading size for Silver is currently 5,000 oz.
GoldSwitzerland trades with the client at cost and will save the client a substantial trading margin in case of retirement of (part of) the account within 5 – 7 years.
Note: transactions can be concluded in USD, CHF, EUR, GBP, CAD or AUD.
There is NO VAT payable on Silver as long as it is stored in the duty free zone at Zurich airport. Only when investors import the silver from the vaults into a European country, VAT is payable at the VAT rate of that country.
GoldSwitzerland offers its customers a very competitive Silver dealing price.
The price at which GoldSwitzerland buys or sells VAT free (8%) Silver for the investor is at the interbank paper Silver spot price plus a margin for physical. Physical metals pricing includes insurance and security transport of the metals to the private vaults.
All Silver transactions can be executed directly versus USDollar, Swiss Franc, Pound, Euro, Canadian Dollar and Australian Dollar.
Selling Silver on behalf of the client
For selling and handling physical metals the following conditions apply:
- Silver – Minimum weight ca. 5,000 oz or less if possible in the market
- Silver – Sales commission – approx 1.0% depending on size and availability.
- Vault charges are extra (between 600 and 1,500 CHF depending on quantity). This includes the handling and release from the vault, customs clearance and re-issuing a new warehouse receipt to the client.