Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #41  
Old 18.09.2012, 16:51
Newbie
 
Join Date: Sep 2012
Location: Geneva
Posts: 2
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Swisswonder has no particular reputation at present
Re: Buying gold bars in Zurich

Hi, yes you can buy from UBS, you can walk in there and buy it either in cash or credit card. Two things to keep in mind-1. If you are not a UBS bank account holder, then you are only allowed to buy gold of upto 10,000 CHF or 20,000 CHF- you can check with them of same when you are at the counter. 2. If you are a UBS bank account holder, then you can buy as much as you want. And yes, they will give you at the current/spot rate at the time you visit them. Dont forget to carry your ID with you! Hope this helps!



Quote:
View Post
I'll be visiting Zurich for a few days and would like to buy physical USB gold bars.

1) If I go to a USB branch in Zurich, will they have 100g bars ready or do I have to order them then come back later?

2) Can I buy with my credit card, or they require other forms of payment?

3) Do they sell all their gold sealed with a certificate, or would they give me bare bars without sealing?

4) Will I buy at the day's gold prices, or is there a markup on the price? If yes, approximately how much in % ?

Thanks
Reply With Quote
  #42  
Old 18.09.2012, 17:27
proksy's Avatar
Member
 
Join Date: Nov 2009
Location: Zurich
Posts: 142
Groaned at 1 Time in 1 Post
Thanked 41 Times in 26 Posts
proksy has no particular reputation at present
Re: Buying gold bars in Zurich

Can you really claim the VAT inthis case 8% back obn GOLD purchase ?
If yes then I would buy gold everytime I go to London. They have VAT of 20% i guess .
Reply With Quote
  #43  
Old 18.09.2012, 17:32
Forum Legend
 
Join Date: May 2010
Location: north
Posts: 6,132
Groaned at 218 Times in 138 Posts
Thanked 5,100 Times in 2,636 Posts
rob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond repute
Re: Buying gold bars in Zurich

"investment" gold is vat exempt so nothing to claim, except " oh, how did that 1kg gold bar get into my suitcase" when stopped at customs
Reply With Quote
The following 4 users would like to thank rob1 for this useful post:
  #44  
Old 18.09.2012, 19:48
Mica's Avatar
Forum Veteran
 
Join Date: Oct 2007
Location: Zurich
Posts: 932
Groaned at 1 Time in 1 Post
Thanked 1,194 Times in 530 Posts
Mica has a reputation beyond reputeMica has a reputation beyond reputeMica has a reputation beyond reputeMica has a reputation beyond reputeMica has a reputation beyond repute
Re: Buying gold bars in Zurich

Quote:
View Post
"investment" gold is vat exempt so nothing to claim, except " oh, how did that 1kg gold bar get into my suitcase" when stopped at customs
And in black and white:
http://www.admin.ch/ch/d/sr/641_201/a44.html

But if you buy Silver, Platin or Palladium then you pay VAT.
Reply With Quote
  #45  
Old 18.09.2012, 20:23
Rangatiranui's Avatar
Forum Veteran
 
Join Date: Nov 2007
Location: Baden region
Posts: 2,182
Groaned at 14 Times in 13 Posts
Thanked 2,464 Times in 1,086 Posts
Rangatiranui has a reputation beyond reputeRangatiranui has a reputation beyond reputeRangatiranui has a reputation beyond reputeRangatiranui has a reputation beyond reputeRangatiranui has a reputation beyond reputeRangatiranui has a reputation beyond repute
Re: Buying gold bars in Zurich

Quote:
View Post
" oh, how did that 1kg gold bar get into my suitcase" when stopped at customs
First world problems
Reply With Quote
The following 2 users would like to thank Rangatiranui for this useful post:
  #46  
Old 18.09.2012, 21:04
Forum Legend
 
Join Date: May 2010
Location: north
Posts: 6,132
Groaned at 218 Times in 138 Posts
Thanked 5,100 Times in 2,636 Posts
rob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond repute
Re: Buying gold bars in Zurich

Quote:
View Post
First world problems

that seems to be the latest "in / buzz phrase" along with concept, touch base, think outside the box etc and it really grates on my tits
Reply With Quote
  #47  
Old 18.09.2012, 21:36
Confloozed's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Zurich
Posts: 4,801
Groaned at 104 Times in 91 Posts
Thanked 4,965 Times in 2,360 Posts
Confloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond repute
Re: Buying gold bars in Zurich

Quote:
View Post
that seems to be the latest "in / buzz phrase" along with concept, touch base, think outside the box etc and it really grates on my tits
You have tits???
Reply With Quote
  #48  
Old 18.09.2012, 22:48
Forum Legend
 
Join Date: May 2010
Location: north
Posts: 6,132
Groaned at 218 Times in 138 Posts
Thanked 5,100 Times in 2,636 Posts
rob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond repute
Re: Buying gold bars in Zurich

Quote:
View Post
You have tits???

only on my off days
Reply With Quote
  #49  
Old 20.09.2012, 14:39
Senior Member
 
Join Date: May 2012
Location: Zurich
Posts: 285
Groaned at 8 Times in 5 Posts
Thanked 98 Times in 78 Posts
The Spartan has no particular reputation at present
Re: Buying gold bars in Zurich

Are gold bars here cheaper than elsewhere?
Reply With Quote
  #50  
Old 20.09.2012, 15:13
Newbie 1st class
 
Join Date: Feb 2011
Location: Zurich region
Posts: 13
Groaned at 0 Times in 0 Posts
Thanked 3 Times in 3 Posts
RoamingGaijin has no particular reputation at present
Re: Buying gold bars in Zurich

I buy from on online provider in CH and the markup is lower than in most other european countries. UK is really high (even with no VAT on gold).

I would say CH is the best price you will get in Europe (shop around though cos there are a lot of providers here), and for cheaper you might have to go to Dubai or HK.
Reply With Quote
  #51  
Old 20.09.2012, 15:27
Junior Member
 
Join Date: Nov 2011
Location: zürich
Posts: 49
Groaned at 21 Times in 11 Posts
Thanked 40 Times in 27 Posts
halevai is considered unworthyhalevai is considered unworthyhalevai is considered unworthyhalevai is considered unworthy
Re: Buying gold bars in Zurich

Buying gold bars:

http://www.handelszeitung.ch/unterne...rk-aufgetaucht
Reply With Quote
  #52  
Old 20.09.2012, 15:38
Forum Legend
 
Join Date: May 2010
Location: north
Posts: 6,132
Groaned at 218 Times in 138 Posts
Thanked 5,100 Times in 2,636 Posts
rob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond repute
Re: Buying gold bars in Zurich

oh dear! someone got scammed big time.

Best to buy direct from the bank then to minimise any chances of dodgy practice
Reply With Quote
This user would like to thank rob1 for this useful post:
  #53  
Old 20.09.2012, 16:06
Senior Member
 
Join Date: May 2012
Location: Zurich
Posts: 285
Groaned at 8 Times in 5 Posts
Thanked 98 Times in 78 Posts
The Spartan has no particular reputation at present
Re: Buying gold bars in Zurich

That's good to know, I never really thought about buying gold bars but it actually makes sense to me to purchase some. Does anyone have an idea about what the general price is for 100g bars and if there would be any problems taking them to the UK like tax and duty?
Reply With Quote
  #54  
Old 20.09.2012, 16:45
Newbie 1st class
 
Join Date: Feb 2011
Location: Zurich region
Posts: 13
Groaned at 0 Times in 0 Posts
Thanked 3 Times in 3 Posts
RoamingGaijin has no particular reputation at present
Re: Buying gold bars in Zurich

The net price for 100g is 3.215 * the price you see quoted for 1oz ($1763 right now). Markups I've seen are then about 50chf for 1oz (depending on the brand), so it should be abit less for 100g. afaik there are no taxes/custom (since there is no vat in the UK/EU), but it counts towards your maximum foreign currency cash import (up to 10,000 EUR, or you have to declare it).
Reply With Quote
This user would like to thank RoamingGaijin for this useful post:
  #55  
Old 20.09.2012, 17:48
Forum Legend
 
Join Date: May 2010
Location: north
Posts: 6,132
Groaned at 218 Times in 138 Posts
Thanked 5,100 Times in 2,636 Posts
rob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond reputerob1 has a reputation beyond repute
Re: Buying gold bars in Zurich

Quote:
View Post
That's good to know, I never really thought about buying gold bars but it actually makes sense to me to purchase some. Does anyone have an idea about what the general price is for 100g bars and if there would be any problems taking them to the UK like tax and duty?

see post #12
Reply With Quote
  #56  
Old 20.09.2012, 18:59
Confloozed's Avatar
Forum Legend
 
Join Date: Dec 2007
Location: Zurich
Posts: 4,801
Groaned at 104 Times in 91 Posts
Thanked 4,965 Times in 2,360 Posts
Confloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond reputeConfloozed has a reputation beyond repute
Re: Buying gold bars in Zurich

Quote:
View Post
Are gold bars here cheaper than elsewhere?
Well, not all gold is the same. Turkish gold bars are cheaper, but not of the same quality, and often come from non certified dealers; like here in Switzerland, thru the bank. There is a tax and a fee thru most banks. But buying gold should not be based on saving 20 chf per bar, but rather a little bit more of a longer term startegy. And quality is what you get here.
Reply With Quote
  #57  
Old 25.02.2021, 02:18
Forum Veteran
 
Join Date: Nov 2011
Location: Zurich
Posts: 935
Groaned at 22 Times in 20 Posts
Thanked 388 Times in 264 Posts
minimimi is considered knowledgeableminimimi is considered knowledgeableminimimi is considered knowledgeable
Re: Buying gold bars in Zurich

Anyone knows which banks offers best rates for bar gold (to buy from the bank)? UBS, ZKB, others? Do they have them in all branches or one should order them in advance?
Reply With Quote
  #58  
Old 26.02.2021, 18:24
Forum Legend
 
Join Date: Apr 2008
Location: Zurich
Posts: 3,733
Groaned at 72 Times in 51 Posts
Thanked 3,965 Times in 2,139 Posts
rainer_d has a reputation beyond reputerainer_d has a reputation beyond reputerainer_d has a reputation beyond reputerainer_d has a reputation beyond reputerainer_d has a reputation beyond reputerainer_d has a reputation beyond repute
Re: Buying gold bars in Zurich

Quote:
View Post
Anyone knows which banks offers best rates for bar gold (to buy from the bank)? UBS, ZKB, others? Do they have them in all branches or one should order them in advance?
Smaller coins and bars may be on hand - but larger bars (like the "handy" 1kg gold bar) are very likely stored centrally and have to be ordered in advance.

ZKB (and I assume others) can lock you into the price at the time of ordering (and paying...) though.


ZKB's prices are here:

https://zkb-finance.mdgms.com/home/c...ces/index.html

Looks like gold is almost where it was a year ago.
Reply With Quote
This user would like to thank rainer_d for this useful post:
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Workers find gold bars in Swiss bushes The Local Swiss politics/news 21 12.01.2015 11:56
Buying gold!!! Georgios_Panou Business & entrepreneur 23 03.09.2012 22:21
buying gold in zurich muddy7 Finance/banking/taxation 36 05.06.2012 21:57
Buying gold in Zurich Tiger Other/general 27 07.11.2010 15:21
Goldkenn gold bars Monkey72 Food and drink 0 17.08.2010 14:06


All times are GMT +2. The time now is 10:38.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0