Market Pricing & Service Fees for Gold & Silver
Management and Service Fee
includes:
- Vault storage of the gold/silver
- Insurance of the gold/silver
- All administrative matters in connection with the buying and storage of the gold/silver
- Early warning alerts and pre-launch reports on the world economy and precious metals
- Quarterly statement of the investor’s gold/silver holdings
- Private Investment advice and consultation relating to your investment
Minimum investment Gold: CHF 250,000
Gold can be purchased in 100gram (approx 3 oz), 1 kilo (approx 30oz) and 400oz bars in USD, EUR, GBP and CHF.
GOLD Fee – Annual management including storage and insurance for Gold is:
| Amount | ||
| Institutional Investor (CHF 25M +) | please contact us | |
| CHF 12,000,000 – CHF 25,000,000 | 0.65% p.a. | |
| CHF 8,000,000 – CHF 12,000,000 | 0.75% p.a. | |
| CHF 5,000,000 – CHF 8,000,000 | 0.95% p.a. | |
| CHF 1,500,000 – CHF 5,000,000 | 1.05% p.a. | |
| CHF 700,000 – CHF 1,500,000 | 1.30% p.a. | |
| CHF 250,000 – CHF 700,000 | 1.55% p.a. | |
Or equivalent in USD, EUR or GBP.
The fee for Year 1 is payable 6 monthly in advance. Thereafter the fee is payable three-monthly in advance.
Proceed to Account opening
Minimum investment Silver: CHF 250,000
Silver can be purchased in 1,000oz bars (30 kilo) in USD, EUR, GBP and CHF.
SILVER Fee – Annual management including storage and insurance for Silver is:
| Amount | ||
| Institutional investor (CHF 25M +) | please contact us | |
| CHF 12,000,000 – CHF 25,000,000 | 0.90% p.a. | |
| 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 or GBP.
The fee for Year 1 is payable 6 monthly in advance. Thereafter the fee is payable three-monthly in advance.
Silver is 75 x bulkier than Gold and the higher charge reflects the additional higher cost of storage and handling.
The Bullion market operation in Gold & Silver for clients
MARKET PRICING GOLD: for physical Gold including transport and insurance:
Spot + 0.30% for 100 gram bars
Spot + 0.25% for 1 kg bars
Spot + 0.15% for 400 oz (12 kg) bars
Spot + 7-10‰ per ounce depending on weight.
This represents an increase as of June 2011 due to high additional cost for vault release, transport and insurance from a foreign country. The minimum wholesale trading size for Silver is currently 5.000 ozs.
GoldSwitzerland offers its customers a very competitive Gold & Silver dealing price.
The price at which GoldSwitzerland buys or sells Gold or Silver for the investor is at the interbank spot price for physical Gold. This includes a small margin charged by the Bullion Bank for insurance and security transport of the physical metals to the private vaults.
All transactions of Gold and Silver can be executed directly against the USDollar, Swiss Franc, Pound and Euro.
Example: if the gold spot price is $1,450.00 per oz, investors will buy at $1,453 5/8 per troy oz for 1 kg bars through GoldSwitzerland. If the Silver offer price is 36.00 the price charged is 36.30.
VAT (Value Added Tax)
There is NO VAT payable on Gold even if it is imported into a European country.
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.
Selling Gold & Silver
For selling and handling physical metals the following conditions apply:
- Gold – Minimum weight 600 gram (ca. 19oz)
- Gold – Sales commission – 600 to 2,400 gram (ca. 19 to 75oz) 0.5% with a minimum of CHF 350.
- Gold – Sales commission – above 2,400 gram 0.30%.
- Silver – Minimum weight ca. 5,000 oz or less if possible in market.
- Silver – Sales commission – between 0.5% and 1% depending on size.
- Rhenus 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.
