Market Pricing & Service Fees for Silver

Management and Service Fee

includes:

• 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 pre-launch reports on the world economy and precious metals
• Quarterly statement of the investor’s silver holdings
• Private Investment advice and consultation relating to your investment

Minimum investment Silver: CHF 250,000

Silver can be purchased in 1,000oz bars (30 kilo) in USD, EUR, GBP and CHF.

SILVER Fee – GoldSwitzerland’s annual management and service fee 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 same fees apply for Physical Platinum and Palladium.
Fees are payable 6 monthly in advance for the 1st year.
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.

In addition there is a cost for customs clearance, handling, moving into the bonded warehouse and issuing the Certificate of Ownership or Warehouse Receipt. For a transaction value of under CHF 650.000 the fixed fee CHF 850 for Silver. For a transaction value of CHF 650.000 and above the fee is CHF 1.500 for Silver.

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The Bullion market operation in Silver for clients

MARKET PRICING SILVER: for physical Silver including transport and insurance:
Paper Spot price + 0.7-1.3% depending on weight.
This represents an increase as of June 2011 due to high additional cost for 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 ozs.

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 and Euro currencies.

Pricing Example: If the Silver offer price is 36.00 the price charged is between 36.24 and 36.50 depending on weight.

VAT (Value Added Tax)
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 Silver

For selling and handling physical metals the following conditions apply:

• Silver – Minimum weight ca. 5,000 oz or less if possible in market
• Silver – Sales commission – between 0.5% and 1.0% depending on size and availability.
• 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.

Note: transactions can be concluded in USD, CHF, EUR and GBP. The same margins apply.

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