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 Bullion market operation for clients
Client buys Silver
Silver bars are available in approx 1,000 oz (London Good delivery), 100oz, 15, 5 kilo and 1 kilo bars.
MARKET PRICING SILVER: for physical Silver including transport and insurance:
Paper spot price plus 1.3% – 3.5% (from 1000oz bars to smaller weights)
The margin represents the cost of the refinery, funding stock in warehouse, vault release, transport and insurance from a foreign country.
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 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.
For selling and handling physical metals the following conditions apply:
- Silver – Market conform minimum weight
- Silver – Spread – approx 1.5%-2% depending on size.
- Vault charges are extra (between 450 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.