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Old 24.03.2021, 15:35
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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.
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Old 24.03.2021, 15:36
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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.
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Old 24.03.2021, 16:36
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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.
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Old 24.03.2021, 18:28
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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.
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Old 24.03.2021, 19:19
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Re: Where to buy bullion (for investment) around Zurich

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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.
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Old 24.03.2021, 19:57
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Re: Where to buy bullion (for investment) around Zurich

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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.
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Old 24.03.2021, 20:43
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Re: Where to buy bullion (for investment) around Zurich

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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?
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Old 24.03.2021, 21:25
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Re: Where to buy bullion (for investment) around Zurich

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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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