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-   -   Where to buy bullion (for investment) around Zurich (https://www.englishforum.ch/finance-banking-taxation/303319-where-buy-bullion-investment-around-zurich.html)

ILikeEScooter 24.03.2021 15:35

Where to buy bullion (for investment) around Zurich
 
Hi all
I plan to buy some bullion for investment. May I ask whether there is any recommended place here for buying bullion?

I care about the bullion is really made of 100% gold, and the price.

Phil_MCR 24.03.2021 15:36

Re: Where to buy bullion (for investment) around Zurich
 
the banks sell them. just pop in to ubs or cs and ask them. you can buy over the counter.

rainer_d 24.03.2021 16:36

Re: Where to buy bullion (for investment) around Zurich
 
AFAIK, OECD ML regulations forbids gold sales for cash over a certain limit


https://shop.degussa-goldhandel.ch/geldwaeschereigesetz.


So, depending on the amount, be prepared to show ID.

Urs Max 24.03.2021 18:28

Re: Where to buy bullion (for investment) around Zurich
 
Also, mind the bank's margin, the cut they take/charge. Some years ago ZKB was the cheapest well-known bank.

I seem to remember that physical gold is subject to VAT in some contries, also upon import. Not in Switzerland, but possibly in the destination country you may intend to move it to, including China. Also make sure there are no import limits or similar.

komsomolez 24.03.2021 19:19

Re: Where to buy bullion (for investment) around Zurich
 
Quote:

Originally Posted by ILikeEScooter (Post 3289333)
Hi all
I plan to buy some bullion for investment. May I ask whether there is any recommended place here for buying bullion?

I care about the bullion is really made of 100% gold, and the price.

Same place where they sell lamps. Seriously, your threads are kind of, uh, special.

Hausamsee 24.03.2021 19:57

Re: Where to buy bullion (for investment) around Zurich
 
Quote:

Originally Posted by rainer_d (Post 3289376)
AFAIK, OECD ML regulations forbids gold sales for cash over a certain limit


https://shop.degussa-goldhandel.ch/geldwaeschereigesetz.


So, depending on the amount, be prepared to show ID.

That's correct....it's 15,000 before you have to show ID. Had a good experience with Degussa. And it's real Gold.;)

eyebeebe 24.03.2021 20:43

Re: Where to buy bullion (for investment) around Zurich
 
Quote:

Originally Posted by Hausamsee (Post 3289442)
That's correct....it's 15,000 before you have to show ID. Had a good experience with Degussa. And it's real Gold.;)

Looking at the online quotes, ZKB is cheaper. Does anyone know if Degussa or ZKB charge a commission on top of the spread? Or is the price you see on the website the exact price you pay?

minimimi 24.03.2021 21:25

Re: Where to buy bullion (for investment) around Zurich
 
Quote:

Originally Posted by eyebeebe (Post 3289453)
Looking at the online quotes, ZKB is cheaper. Does anyone know if Degussa or ZKB charge a commission on top of the spread? Or is the price you see on the website the exact price you pay?

That's the price if you're their customer.

Btw, UBS has hologram stamps and ZKB does not. Do you think it would affect the sale value? I guess hologram makes sense only if you're selling back to UBS?


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