Management and Service Fee

Minimum investment Silver: 10,000 oz (Purchase and Transfer for Storage)

GoldSwitzerland ships client’s existing silver stock from anywhere in the world for storage in Switzerland.

Silver purchased can be priced in:
USD, EUR, GBP, CHF, CAD and AUD.

SILVER / GOLD – Annual Service Fees:

Total Account Value *
Institutional Investor & UHNW – please contact us Silver Gold
CHF 8,000,000 – CHF 12,000,000 1.00% p.a. 0.75% p.a.
CHF 5,000,000 – CHF 8,000,000 1.20% p.a. 0.95% p.a.
CHF 1,500,000 – CHF 5,000,000 1.30% p.a. 1.05% p.a.
CHF 700,000 – CHF 1,500,000 1.55% p.a. 1.30% p.a.
value 10,000oz – CHF 700,000 1.75% p.a. 1.55% p.a.

Or equivalent in USD, EUR, GBP, CAD and AUD.

* The service fee will be adjusted downward according to the above table if the total account value reaches the next level. This can be price movement of the metals or additional funding. Annual charges will never be adjusted upward.

Silver is 75 x bulkier than Gold and the higher charge reflects the additional higher cost of storage and handling.

Fees are payable 6 months in advance for the 6 months. Thereafter the fee is payable three months 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

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 first time entries. For a silver transaction value of under CHF650.000 the fixed fee is CHF850. For a silver transaction value of CHF650.000 and above the fee is CHF1.500. Thereafter vault handling charges are applied on a case by case basis depending on volume and typically vary between CHF300 and CHF600 per full silver handling.

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.

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.

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 slightly variable margin for physical secure transport and insurance of the metals from a non-domestic Swiss location.
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.
Matterhorn Asset Management AG, Zurich
Tel: +41 44 213 62 45 - Fax: +41 43 456 97 11

©2014 GoldSwitzerland