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Old 16.04.2020, 18:21
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Best place to buy & store physical gold in Zürich?

What is the best place to buy & store physical gold/silver in Zürich? I'm planning to prepare for the potential of a strong recession & inflation coming after the extreme money printing (quantitative easing) going on at the moment. So a cheap but even more important reliable gold dealer/bank. I prefer not having it store in my house if possible.

Details on spotprice, fees & total cost are appreciated.

Don't want an gold-ETF or other gold-contracts since contracts could change in case of a major crisis.

Inspiration:What You Can Invest In During A Crisis - Robert Kiyosaki, Ted Siedle, and Ken McElroy - https://www.youtube.com/watch?v=Tuird1ceWwc

Last edited by timpeterson; 16.04.2020 at 18:32.
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Old 16.04.2020, 18:26
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Re: Best place to buy & store physical gold in Zürich?

Any bank should provide you with an option of a safety deposit box, which you can rent.
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Old 16.04.2020, 18:30
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Re: Best place to buy & store physical gold in Zürich?

Good idea. Anybody knows what happens if at the bank you have a burglary?

Also, let us know of the premium to buy physical gold vs the futures price.
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Old 16.04.2020, 18:35
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Re: Best place to buy & store physical gold in Zürich?

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Good idea. Anybody knows what happens if at the bank you have a burglary?

Also, let us know of the premium to buy physical gold vs the futures price.
As far as I can tell, the possibility that a safety deposit box will get robbed is less likely than. . .almost anything I can think of.
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Old 16.04.2020, 18:51
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Re: Best place to buy & store physical gold in Zürich?

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Good idea. Anybody knows what happens if at the bank you have a burglary?

Also, let us know of the premium to buy physical gold vs the futures price.
You take insurance, gold has a negative return due to this & storage costs.
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Old 16.04.2020, 19:22
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Re: Best place to buy & store physical gold in Zürich?

The duty free warehouse at Embraport should be able to address your storage needs.
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Old 16.04.2020, 19:26
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Re: Best place to buy & store physical gold in Zürich?

bought several sizes of goldbars at credit suisse, paradeplatz one and a half year ago for 1180 per Oz, not sure if they are still avaible as bullion is running out
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Old 16.04.2020, 19:52
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Re: Best place to buy & store physical gold in Zürich?

You can buy it also here: https://shop.degussa-goldhandel.ch/

They can deliver to your place and from CHF25K delivery is free
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Old 16.04.2020, 20:05
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Re: Best place to buy & store physical gold in Zürich?

Degussa, hands down.


Both for purchasing and storage. It's not linked to any bank, so is a bit more discreet.
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Old 16.04.2020, 21:13
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Re: Best place to buy & store physical gold in Zürich?

at degussa you have to fill in and sign a "vermogen" declaration for purchases with a worth same/more than 25000 chf
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Old 16.04.2020, 21:48
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Re: Best place to buy & store physical gold in Zürich?

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bought several sizes of goldbars at credit suisse, paradeplatz one and a half year ago for 1180 per Oz, not sure if they are still avaible as bullion is running out
So you bought at a discount to the futures prices (financial price of gold)?
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Old 16.04.2020, 22:05
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Re: Best place to buy & store physical gold in Zürich?

You would be more than welcome to store some at my house, I will definitely take good care of it
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Old 17.04.2020, 07:35
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Re: Best place to buy & store physical gold in Zürich?

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at degussa you have to fill in and sign a "vermogen" declaration for purchases with a worth same/more than 25000 chf
That's a Swiss legal requirement I believe...



That said, they have nothing against multiple transactions under 25k...
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Old 19.04.2020, 09:05
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Re: Best place to buy & store physical gold in Zürich?

https://www.bullionvault.com/
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Old 19.04.2020, 13:41
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Re: Best place to buy & store physical gold in Zürich?

I see that Degussa has 1kg bars available again (they were out for some time), though the premium (over ZKB) is significant.
I don't know if ZKB actually sells again. They stopped selling for a while, due to lack of availability and COVID19.

I have one of those automated storage-boxes at ZKB. They're about 162-ish CHF per year. I don't really plan on adding more gold, though.
You can use it to store all kinds of valuable stuff that you don't want to keep at home.

OTOH, with the stock-market being pretty much rigged right now, it hardly makes a difference, given that the gold-market isn't exactly the stalwart example of a manipulation-free market either (and never was).
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Old 19.04.2020, 16:31
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Re: Best place to buy & store physical gold in Zürich?

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I see that Degussa has 1kg bars available again (they were out for some time), though the premium (over ZKB) is significant.
I don't know if ZKB actually sells again. They stopped selling for a while, due to lack of availability and COVID19.

I have one of those automated storage-boxes at ZKB. They're about 162-ish CHF per year. I don't really plan on adding more gold, though.
You can use it to store all kinds of valuable stuff that you don't want to keep at home.

OTOH, with the stock-market being pretty much rigged right now, it hardly makes a difference, given that the gold-market isn't exactly the stalwart example of a manipulation-free market either (and never was).
Assuming gold goes up 400%. Where can you sell your gold and profit from that?

The safety boxes fee at ZKB offer some kind of insurance on the declared value of the items stored inside?
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Old 19.04.2020, 16:45
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Re: Best place to buy & store physical gold in Zürich?

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OTOH, with the stock-market being pretty much rigged right now, it hardly makes a difference, given that the gold-market isn't exactly the stalwart example of a manipulation-free market either (and never was).
I am amazed you believe it's rigged, it's a market where buyers meet sellers, how can you rig that?
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Old 19.04.2020, 17:00
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Re: Best place to buy & store physical gold in Zürich?

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As far as I can tell, the possibility that a safety deposit box will get robbed is less likely than. . .almost anything I can think of.
Well, maybe think of what happened in 2018 in Basel?

https://telebasel.ch/2019/10/16/repo...channel=105100

https://www.blick.ch/news/schweiz/ba...id8093554.html

The second article also mentions the yearly costs
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Old 20.04.2020, 18:21
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Re: Best place to buy & store physical gold in Zürich?

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I see that Degussa has 1kg bars available again (they were out for some time), though the premium (over ZKB) is significant.
I don't know if ZKB actually sells again. They stopped selling for a while, due to lack of availability and COVID19.

I have one of those automated storage-boxes at ZKB. They're about 162-ish CHF per year. I don't really plan on adding more gold, though.
You can use it to store all kinds of valuable stuff that you don't want to keep at home.

OTOH, with the stock-market being pretty much rigged right now, it hardly makes a difference, given that the gold-market isn't exactly the stalwart example of a manipulation-free market either (and never was).

I didn't realize ZKB sold gold... do you need an account with them to purchase? Does it need to be stored with them, or can you opt to store it elsewhere? Do you know if they accept walk-in purchases?
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