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Old 27.07.2009, 07:51
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Gold Buying

Please can somebody tell me where to buy physical gold bars in Switzerland and how does one find the price of them?
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Old 27.07.2009, 08:39
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Re: Gold Buying

Link to prices of gold bars from UBS. These are indications only as they will give you the up to the minute quote when you are in the bank. There are two prices. One to buy gold and one to sell gold (same idea of a spread as when you buy/sell currency).

https://wb1.ubs.com/fin/pub/gvu/quot...s_instruments/

Most large branches of USB and the other banks will have gold bars they can sell you. Check with the main branch in Lugano.

If you are with a smaller branch, they may have to order in the gold, depending on what you need.
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Old 27.07.2009, 16:01
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Re: Gold Buying

think through carefully before you acquire metal. most people are better served by acquiring gold funds, or trade online, or even buy gold futures.

there are few good reasons for buying physical gold if you are not a goldsmith, which i suspect you are not...

or a central banker, which I am certain you are not
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Old 31.07.2009, 06:01
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Re: Gold Buying

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think through carefully before you acquire metal. most people are better served by acquiring gold funds, or trade online, or even buy gold futures.
I understand exactly what you are saying.

The trouble with Gold funds and buying future. They are:
(1) Paper Transactions traceable with money moving from accounts.
(2) Being only on paper, the asset is not there and my clients are concerned of actual physical existence.

As I have stated, Gold is too high at the moment, but if everything crashes, Gold may then seem to have been cheap.
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Old 28.12.2010, 11:08
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Re: Gold Buying

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As I have stated, Gold is too high at the moment, but if everything crashes, Gold may then seem to have been cheap.
If everything crashes, what are you going to be buying gold with?
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Old 30.07.2012, 12:45
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Re: Gold Buying

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think through carefully before you acquire metal. most people are better served by acquiring gold funds, or trade online, or even buy gold futures.

there are few good reasons for buying physical gold if you are not a goldsmith, which i suspect you are not...

or a central banker, which I am certain you are not
Dino,

I started this thread.
Love your comment and others back in 2009.
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Old 30.07.2012, 15:38
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Re: Gold Buying

OK... so I reckon that Gold prices will go up in the next couple of years. If for no other reason that the indisputable trend has been.. goes up for a while.. bounces around for a while.. goes up for a while.. bounces around for a while.

.. and it's been bouncing around for a while.

So I'm inclined to get some of the stuff...but I'm still confused about the best way forward. Walking into UBS with some cash and walking out with some shiny stuff seems to be the easiest and 'safest' procedure. But some people here think that's not as 'clever' as trading 'shares' in gold.

Could someone please put forward the simple pros and cons of the two options.
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Old 30.07.2012, 18:25
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Re: Gold Buying

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OK... so I reckon that Gold prices will go up in the next couple of years. If for no other reason that the indisputable trend has been.. goes up for a while.. bounces around for a while.. goes up for a while.. bounces around for a while.

.. and it's been bouncing around for a while.

So I'm inclined to get some of the stuff...but I'm still confused about the best way forward. Walking into UBS with some cash and walking out with some shiny stuff seems to be the easiest and 'safest' procedure. But some people here think that's not as 'clever' as trading 'shares' in gold.

Could someone please put forward the simple pros and cons of the two options.
that answer depends wholly on WHY you want to buy the stuff...
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Old 30.07.2012, 18:35
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Re: Gold Buying

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OK... so I reckon that Gold prices will go up in the next couple of years. If for no other reason that the indisputable trend has been.. goes up for a while.. bounces around for a while.. goes up for a while.. bounces around for a while.

.. and it's been bouncing around for a while.

So I'm inclined to get some of the stuff...but I'm still confused about the best way forward. Walking into UBS with some cash and walking out with some shiny stuff seems to be the easiest and 'safest' procedure. But some people here think that's not as 'clever' as trading 'shares' in gold.

Could someone please put forward the simple pros and cons of the two options.
One reason for wanting to buy physical gold might be:
That the world is flooded with paper... paper money, US Treasuries, bonds, German Bunds, gold certificates, paper this, that and the other.
If you drop a gold coin on the table it goes *clink*, if you put a gold bar down on the table it goes *clunk*. They are sounds I like. They also mean a lot to some people, like the Indians, the Arabs, nowadays the Chinese but very few people in Western Countries. A great pity I think !!

London Trader - The LBMA Gold Price Fixing Scheme Is Over
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Old 31.07.2012, 10:06
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Re: Gold Buying

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OK... so I reckon that Gold prices will go up in the next couple of years. If for no other reason that the indisputable trend has been.. goes up for a while.. bounces around for a while.. goes up for a while.. bounces around for a while.

.. and it's been bouncing around for a while.

So I'm inclined to get some of the stuff...but I'm still confused about the best way forward. Walking into UBS with some cash and walking out with some shiny stuff seems to be the easiest and 'safest' procedure. But some people here think that's not as 'clever' as trading 'shares' in gold.

Could someone please put forward the simple pros and cons of the two options.
I think you can actually take physical possession of gold, but then you carry all the risks of theft etc. yourself.
1kg=50k CHF.
Banks charge a fee for holding your physical gold in a vault.
But storing a couple of kilos of gold at home is bordering the insane IMO.
Even if you assume that at some point the state is just going to confiscate all physical gold stored in bank-vaults (which is the only semi-valid reason to take it out of the vault), you can be sure that they will also find the gold that you have taken out of the vault a couple of years ago.

A lot of people believe that there is not enough physical gold to cover all the "certificates" etc. floating around.
Which is not a problem, until at some point a lot of people actually want to take delivery of all the "paper-gold".
Then, the shit will hit the fan and all hell will break loose, making the physical gold all the more valuable, bringing the above scenario into play.
At that point, you can bet though, that society as we know it now will barely exist.
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Old 01.08.2012, 09:28
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Re: Gold Buying

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OK... so I reckon that Gold prices will go up in the next couple of years. If for no other reason that the indisputable trend has been.. goes up for a while.. bounces around for a while.. goes up for a while.. bounces around for a while.

.. and it's been bouncing around for a while.

So I'm inclined to get some of the stuff...but I'm still confused about the best way forward. Walking into UBS with some cash and walking out with some shiny stuff seems to be the easiest and 'safest' procedure. But some people here think that's not as 'clever' as trading 'shares' in gold.

Could someone please put forward the simple pros and cons of the two options.
Certainly owning physical gold is much preferable to the assurance of a banker that they keep your allocated gold. You can purchase it with cash up to 25K at UBS or CS. The problem is when you decide to sell it you must have an account at UBS if it is worth more than 25K (which includes the 1kg and 500gr bar as of now) so you are back into the banking system with all the obvious consequences. Paradoxically all the companies that advertise to sell you gold in Zurich are not interested in buying your gold! If anyone knows any reputable company which buys gold I would like to know.
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Old 25.08.2015, 20:33
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Re: Gold Buying

I disagree.
At the moment the entire financial edifice of our interconnected world is cracking and breaking.
This means that all assets that by essence rely on a counterparty, carry an inherent risk of default by said counterparty.
Laws passed recently in many European countries event put a question mark over the counterparty risk on regular vanilla bank accounts.
Funds in these accounts are treated now as unsecured loans to the bank. So if said bank goes bust, your money is also kaput.

Physical assets, with natural no counterparty risk thus enjoy a growing advantage. Re, metals, think carefully about storage.

Some facts I learnt about precious metals investing in Switzerland.
-Silver purchases incure 8% MwSt, while gold does not.
-Spot prices + a production premium are the basis for physical metal pricing.
Often this is adjsuted at the minute of making the purchase.
-Expect about a 2% spread at least between buy and sell prices.

Gieger is a good place for physical purchases.

XE is a good place online for real time currency and precious metals exchange rates. Also has SDR and BTC crosses!

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think through carefully before you acquire metal. most people are better served by acquiring gold funds, or trade online, or even buy gold futures.

there are few good reasons for buying physical gold if you are not a goldsmith, which i suspect you are not...

or a central banker, which I am certain you are not
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Old 26.08.2015, 00:43
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Re: Gold Buying

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I disagree.
At the moment the entire financial edifice of our interconnected world is cracking and breaking.
This means that all assets that by essence rely on a counterparty, carry an inherent risk of default by said counterparty.
Laws passed recently in many European countries event put a question mark over the counterparty risk on regular vanilla bank accounts.
Funds in these accounts are treated now as unsecured loans to the bank. So if said bank goes bust, your money is also kaput.

Physical assets, with natural no counterparty risk thus enjoy a growing advantage. Re, metals, think carefully about storage.

Some facts I learnt about precious metals investing in Switzerland.
-Silver purchases incure 8% MwSt, while gold does not.
-Spot prices + a production premium are the basis for physical metal pricing.
Often this is adjsuted at the minute of making the purchase.
-Expect about a 2% spread at least between buy and sell prices.

Gieger is a good place for physical purchases.

XE is a good place online for real time currency and precious metals exchange rates. Also has SDR and BTC crosses!
Counter party risk has always existed, covered for 100k euro in the EU, not that difficult to protect yourself from, just buy companies quoted on the stock market if you can't find enough banks to hold your stake
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Old 26.08.2015, 13:32
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Re: Gold Buying

Yes, Greece has that scheme. Cyprus too. So does France, Italy and the UK.

The guarantee is only as good as the guarantor. Most of these schemes claim to guarantee your deposit but if you look how much money they hold, it doesn't even cover a single-digit percentage of total deposits, in effect making it useless for a systemic bank run.

Those are only good if one bank goes bust in times of the economy going well. For example if the Co-Op bank in the UK tomorrow bites the bullet, then this scheme will cover everyone.

If there's a new crisis and depositors lose confidence in the UK banks and a bank run starts happening, then those schemes won't even cover the bus fare for everyone that runs to the bank.

Gold is money, pure and simple. No counterparty involved. Of course it has its own disadvantages: storage costs, no dividends, no growth etc but there is a bear market coming and whatever money could be made from the stock exchange are already made. The new crisis that is coming will dwarf the one of 2008.

You'd want to have at least some gold when that happens.
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Old 15.05.2019, 21:45
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Re: Gold Buying

I am thinking very seriously to put money in Gold and Silver in physical form, not much, may be to put 10k chf at each.
Once markets are stable, and new economic cycle starts sell back metals to Dealer.

My requirements:

1) Swiss based company both - dealer and storing co, bars should be of swiss origin as well
2) Storage location should be CH or LI
3) Segregated storage with possibility to visit and easily take gold out
4) Outside of the banking system
5) Good spread for buy back
6) Cheap yearly storage costs and insurance.
7) No VAT payable for Silver
8) Good contractual terms with storage company.
8) Dealer should not storage itself.

I have made some research, I have attached pics from Excel.

My conclusion is that cheapest is Echtgeld, site is quite old, but they offer best spread, they do not storage, but have partnership with two companies
Swiss Gold Safe and ORSUISSE. both looks fine to me.
storage cost around 1% p.a.


Another option is Geiger Edelmetal.

Probably better to buy gold at one place and silver in another just for security.

What I would appreciate if anyone experienced can give advise on the legal side and contractual terms with the storage company any nuances I need to know.

link to Excel with tables: https://yadi.sk/i/IqojSCDioXhnhw
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Old 01.10.2015, 14:53
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Re: Gold Buying

I agree with your comment. I did some research about precious metals so I can add these points:

A bank will sell you gold worth 5.000CHF without asking for any id.

A gold dealer will sell you gold worth 25.000CHF/year without asking for a id.

degussa-goldhandel has bigger gold bars than geiger.

The smaller the gold bar or gold coin the higher the premium you pay. So buy bigger amounts to get more "gold for your buck"

There is 8% tax on silver. But not if you leave it in a bonded warehouse.



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I disagree.
At the moment the entire financial edifice of our interconnected world is cracking and breaking.
This means that all assets that by essence rely on a counterparty, carry an inherent risk of default by said counterparty.
Laws passed recently in many European countries event put a question mark over the counterparty risk on regular vanilla bank accounts.
Funds in these accounts are treated now as unsecured loans to the bank. So if said bank goes bust, your money is also kaput.

Physical assets, with natural no counterparty risk thus enjoy a growing advantage. Re, metals, think carefully about storage.

Some facts I learnt about precious metals investing in Switzerland.
-Silver purchases incure 8% MwSt, while gold does not.
-Spot prices + a production premium are the basis for physical metal pricing.
Often this is adjsuted at the minute of making the purchase.
-Expect about a 2% spread at least between buy and sell prices.

Gieger is a good place for physical purchases.

XE is a good place online for real time currency and precious metals exchange rates. Also has SDR and BTC crosses!
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  #17  
Old 01.10.2015, 19:23
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Re: Gold Buying

Glencore to sell 1bn$ worth of Gold and Silver production from its mines on huge discount, to reduce debt.
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Old 27.07.2009, 16:34
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Re: Gold Buying

A friend of mine mentioned a website bullion vault [1] for buying/trading gold.

I read somewhere, I think on that website, that if you acquire gold bars and were to take them home, leaving them on the TV to look cool or something, when you come to sell them again you will need to have them assayed to ensure that they are of a decent quality. If left in a vault the whole time there is no need for this analysis as it's known that they could not have been tampered with.

So I would second Dino's thoughts and say that sticking with an online trading account is probably your best option.

Cheers


[1] http://www.bullionvault.com/
[2] http://en.wikipedia.org/wiki/Metallurgical_assay
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Old 28.07.2009, 11:13
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Re: Gold Buying

Cashboy - since you are most likely interested in 'investing' in gold, check out gold ETFs (exchange traded funds) like GLD and IAU if you can access the US markets. If not, I am sure the larger Swiss banks offer similar products...
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Old 28.07.2009, 20:03
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Re: Gold Buying

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Cashboy - since you are most likely interested in 'investing' in gold, check out gold ETFs (exchange traded funds) like GLD and IAU if you can access the US markets. If not, I am sure the larger Swiss banks offer similar products...
ZKB (Zürcher Kantonal Bank) has a very popular Gold-ETF that is physically backed and denominated in CHF. You can buy this ETF through any bank or broker.
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