Buying Gold and Silver in Switzerland
Switzerland is a federal republic in Europe officially known as the Swiss Confederation. The country is geographically landlocked by Germany to the north, Italy to the south, Austria and Liechtenstein to the east, and France to the west. Switzerland is famous for its Alps mountains. The seat of the federal authorities in Switzerland is Bern. The major cities of the country, Zurich and Geneva, are situated in the Swizz Plateau.
Switzerland is one of the most developed popular countries in the world. It is worldwide famous for its civil liberties, quality of life, human development, economic competitiveness, and government transparency. Switzerland has one of the most stable international economies and is a hub for many international investors. The unemployment rates are low and per capita incomes are the highest on the globe.
The investor-friendly tax policies regarding gold and a highly reasonable precious metals sales tax, in comparison to other European countries, makes Switzerland a favorite place both for local and international bullion investors. It is also a great country to buy and store precious metals in safe and secure vaults. For this reason, Switzerland is one of the global hotspots for storing investment grade bullion and buying fantastic Swiss gold coins.
Commodity & Futures Markets in Switzerland:
SIX Swiss Exchange
SIX Swiss Exchange is the principal stock exchange of Switzerland. Until 2008, it was known as SWX Swiss Exchange. A merger of SIS Group and Telekurs Group in 2008 led to the formation of SIX Swiss Exchange. The exchange also trades securities like Swiss government bonds and derivatives such as stock options. Blue Chip Index is the main stock market index for this exchange. The SIX Swiss Exchange was founded in 1995 and it was a pioneer in integrating a fully automated trading, clearing, and settlement system. An association of 55 banks controls this stock exchange, and when a decision has to be taken, regarding the management or regulation of this stock exchange, each of these banks has equal voting powers. The Six Swiss Exchange along with its German partner Deutsche Börse is the joint owner of the world’s largest futures and derivatives exchange, Eurex.
Berne eXchange (BX)
BX is the only stock exchange in Switzerland other than the much larger SIX Swiss Exchange. Although it's smaller, BX is older than SIX. BX was founded in 1880 as the Berne Bank Association. BX spared itself from the 1995 merger that led to the formation of SWX which is now known as SIX. The exchange became a fully electronic trading platform in 2002 with an open, extensible API or Application Programming Interface. Major banks of Bern are members of BX, including UBS and Credit Suisse Private Banking. BX aims at small and medium-sized enterprises of Switzerland, which have a tough time getting into a listing at SWX because of the huge step and high expenses.
Coin Shows in Switzerland
Coin collecting is a highly popular hobby prevalent around the world. You can witness the passion for it as more and more coin enthusiasts are traveling to different states and countries to attend famous national and international coin shows. Switzerland hosts several great numismatic events which shall be attended by collectors and dealers from all around the globe. If you are planning to visit Switzerland soon, or if you want to see some coin shows outside the US, take a look at the most popular Switzerland coin shows listed below.
This is an international event organized by the Numismatic Society of Zurich. It is considered to be one of the largest coin fairs that take place in Switzerland. Around 80 exhibitors set up tables to display their vast inventories at this show. Leading coin dealers from all over the world participate in this event, including leading auction houses. Coins, medals, and banknotes from all around the world, as well as numismatic literature and accessories, will all be on display for purchase at this coin fair. This is a purely numismatic coin show, a perfect place both for coin enthusiasts as well as investors.
This is the first numismatic event that takes place in Switzerland at the beginning of the year. The show will be attended by several popular and leading dealers from around world. This is a 2-day event showcasing a variety of coins, medals, and paper notes, as well as tokens, historical securities, original payment, numismatic literature, and accessories, all available for purchase. This is the place for coin enthusiasts to buy, sell, and exchange coins, medals, and other items on display. There is an entrance fee to this show.
Government and Private Mints in Switzerland:Federal Mint Swissmint Bernastrasse 28, 3005 Bern, Switzerland Phone: +41 58 4 800 800
Swissmint is the official mint of the Swiss Confederation and is located in the capital city of Switzerland, Bern. The mint is part of the Federal Finance Administration managed by the Federal Department of Finance. Both the currency and bullion versions of Swiss Franc Coins are manufactured by the Swissmint. The mint also serves private customers and produces commemorative coins for them. The building where the mint is located is a nationally significant heritage building, built based on the designs of Theodor Gohl in 1903-06. The Official Mint of the Swiss Confederation operates as an independent business under the name of Swissmint since 1998.Produits Artistiques Métaux Précieux (PAMP)
PAMP Suisse is an independently operated mint that is a leader in the world’s major precious metals market. The company was established in 1977 and is located in Ticino, Switzerland. It has a state-of-the-art precious metals refinery and fabrication facility. The company originally started as a minting facility but has grown into a huge institution that provides vertically integrated services in precious metals. They have a great selection of gold bars from 1 gram to 12.5 kilograms. One of their most popular products are the distinguished Fortuna bars. PAMP also offers custom minting services to government mints and private companies as well as manufactures medals, small bars, and even legal tender coins.HelveticMint The Coin Factory Buzibachring 8 CH-6023 Rothenburg SWITZERLAND
This is a private mint that spreads fresh and new ideas in the bullion industry. It uses the most modern and up-to-date technology for producing their coins. The process of coins' striking consists of conception, design, engraving, embossing, minting, and packaging. Helvetic Mint offers a variety of services like idea and design, partial gilding ultra high relief coins, gold coins, silver coins, as well as provides precious metals for making products, pad-printing, art enamel, stone inlays, crystal and gemstone application to coins, packaging, etc.
International Bullion Depositories in Switzerland:
When investing in precious metals, safeguarding your valuables is a crucial factor. Sensing the difficulty that investors have in storing and safeguarding their bullion investments, many large precious metal companies offer safe and secure storage solutions in different places around the world. Switzerland is one of the top spots for investors with large holdings who are looking to spread their investments among several countries. There are many international companies which offer precious metals storage in Switzerland.
Bullion Exchanges in partnership with Malca-Amit and several other gold bullion storage companies offers allocated, pool allocated and unallocated storage in Switzerland in high-tech, secure vaults with top-notch 24/7 control and surveillance. Just contact us and we will provide you the safest and most convenient way to store your precious metals in Switzerland.
Bullion Vault stores gold in Zurich through Loomis International and silver through Brinks. Loomis International has dedicated a section of their Zurich vault for storing gold for Bullion Vault clients and same goes to Brinks for silver. Since Switzerland is known for supporting foreigner’s property rights in the world, Zurich is one of the best places for storing gold in Switzerland. Through Bullion Vault, one can reduce the entry costs and annual fee costs for storing gold and silver in Zurich. This is one of the safest options to store precious metals.
This is an NYC-based company that offers bullion storage for investors around the world in several foreign locations like Toronto, Singapore, as well as Zurich. The company has partnered with some of the finest professional storage services in the world. The vaults incorporate state-of-art hi-tech surveillance and protection, having an excellent reputation throughout the world. While storing precious metals with SchiffGold, one can be sure that it will be on a 100% physically allotted basis which means that the coins and bullion will be present physically in the vault, and is held in the client’s name, represented by a certificate. Clients also have the option of picking up the metals in person, even though SchiffGold can provide shipping to domestic or international addresses (shipping and handling charges apply).
Gold Broker is a company from New York which also provides the provision of international bullion depository in locations like Zurich, Singapore, and Toronto. Its storage partner is Malca-Amit which is a private company that is independent of the international banking system. Malca-Amit is one of the most trusted third-party companies for storage services. The advantage of storing bullion with this company is that there is no fear of bank account or government confiscation, it eliminates counterparty default, and the clients have quick access to their precious metal assets in the event of a temporary bank closure. There are no duties or taxes applied as the vaults are stored in free-trade zones. The precious metals are fully insured against all kinds of risks and are stored in hi-tech storage facilities that are under surveillance 24/7 with all other required protections incorporated.
A well-known company that has offices in UK and USA. Its international storage locations are Switzerland, Singapore, UK, USA, and Hong Kong. GoldCore has been supporting their clients in geopolitical diversification strategies for 10 years now. Its international locations help mitigate the future risks of confiscation. Loomis and Brinks are the partners of GoldCore for precious metals and valuable storage solutions. GoldCore offers fully-insured storage services at all of their international storage locations. The annual storage fees start at 1% per annum. There is also less than 1% annual storage fee available if larger values of gold and silver bullion shall be stored. The company offers direct ownership of gold and silver coins and bullion which allows clients to sell the bullion back to any number of international bullion dealers. All the precious metals including gold, silver, platinum, and palladium stored by the clients will go through full audits conducted by third party auditors. GoldCore offers full transparency and easy accessibility to clients over their holdings. The company is one of the most trusted in the bullion industry.
Degussa is a German-based company that has a strong global presence with branches in several other countries. It's among the most trusted companies for storing precious metal products. It offers highly secure discreet storage at several international locations and Zurich, Switzerland, is one of them. Degussa provides safe deposit boxes in which clients can store coins, bullion, jewelry, documents, and other valuables. Safety boxes can be accessed only by the client or parties that are authorized by the clients. Each safe deposit box has an insurance coverage of S$70,000. By paying an additional premium, the clients can insure their stored items for a value of S$300,000. Clients are provided convenient access during opening hours.
A global company that has storage facilities in various international locations like Hong Kong, Singapore, London, New York, Toronto, Bangkok, Shanghai, and Zurich. They have partnered with many leading global precious metal dealers and offer storage facilities to them. The Zurich facility provides safe and convenient storage for all types of precious metals, jewelry, and gems. Viewing rooms to inspect the goods are available for customers, stock management, global and domestic distribution with a full door to door service are all provided by Malca-Amit. The products are fully insured by Lloyd’s of London.
Vaults and Bullion Depositories in Switzerland:
Switzerland is one of the most economically stable countries in the world, being regarded as a safe place for storing precious metal holdings. Besides international bullion storage options, there are also local companies which offer precious metals vaults where you can securely store your items. So, if you want to buy and store gold in Switzerland, take a look at the below Switzerland vault options.Global Gold Ltd. Herrengasse 9 8640 Rapperswil Switzerland Phone: (USA) +1 678 240 23 00
This is a Switzerland-based company that is a subsidiary of BGI Capital Group. The company provides three types of storage facilities,
- Standard allocated storage – very cost effective and frequently used option. The bullion is stored physically in a collective storage vault area together with holdings of other global clients in a highly secure place.
- Segregated box storage – the precious metals of a client will be placed in a physically separate box or location (shelves or palettes) depending on the size and formats of the client’s holdings which will be within the Global Gold vault area. There is a minimum required to qualify for this type of storage.
- Key Box Storage – offers the client a separate storage box that can be opened only by him or his representative. The content of the box is fully insured. There is a minimum required to qualify for this type of storage which can be checked on their website.
This is a private company which offers precious metals storage services and securities. The company is independent of banks and provides high-security vaults. Each client will be offered dedicated safe deposit boxes or pallets in such a way that the precious metals owned by different clients will be segregated from each other. The precious metals are fully insured against any type of risk by Lloyds of Londons. The advantage of storing at Swiss Gold Safe is that it is safe from any default risk and protects the items from possible confiscation.Swiss Invest & Trade Place Longemalle 6-8 1204 Geneva Switzerland
A completely independent private Swiss company that offers excellent service, anonymity, and security. The company provides safe deposit boxes for rent for all individuals, business, and government offices. One can store important documents and other valuables in these safes which incorporate hi-tech security. Apart from this, it also offers convenient storage space for documents, wills, electronic storage media, cash, painting, jewelry, gold bars, diamonds, etc. and sound proof meeting rooms for private meetings.Safes Fidelity Place de Chevelu 6 CH-1201 Genève Phone: +41 22 731 16 50
A company in Geneva that provides safe and secure storage facility. Clients can rent individual safes in a highly secured vault. The costs are low and the paperwork is minimal. The company has extended opening hours to provide easy access to their clients. Highly secured facility.Sincona Trading AG Limmatquai 112 CH-8001 Zurich Phone: +41 44 215 30 90
The company is located in the heart of Zurich and offers safe and secure storage facility to local and international clients. It provides complete anonymity to the client who is storing precious metals with them. All the precious metals stored here are fully insured, and the clients have 24/7 access to their stored valuables. The facility is completely secured and the vaults incorporate up-to-date security systems. The company provides vaults of different sizes as per the client’s requirement.
Tax on Precious Metals in Switzerland:
The Value Added Tax (VAT) in Switzerland is 8%. However, the VAT does not apply to gold used for investment purposes, such as bullion, bars, and even legal tender coins. The detailed criteria for gold tax exemption are listed in the source link. On the other hand, precious metals like silver, platinum, and palladium are levied with VAT regardless of their form (ingots or coins).
Since we are not tax experts, Bullion Exchanges strongly advises you to cross check with a tax professional before making any precious metals investments in Switzerland.
Local Gold and Silver Dealers in Switzerland:Cabinet Numismatique Maison Palombo Address: Rue de la Cite, 27, Geneva, CH1204 Switzerland Phone number +41 786581586, +41 22-310-91-97 Services: Retail, Auctions, Wholesale, Appraisals, and Buying and Estate Liquidation. Specialties: US Coins, Dollars, Gold Coins, 19th Century Silver Coins, Modern Coins, 20th Century Coins, Commemoratives, Colonial Coins, Early Copper, Mint Errors, Bullion Coins, Tokens/Medals, Currency, and World Coins.
Smelters & Refineries in Switzerland:
Smelters extract various metals from the ore and create refined precious metals products. Silver and gold smelting is typically conducted by a professional precious metals refinery, such as Bullion Exchanges. Switzerland also has numerous plants where refining silver and gold are performed. Pick a gold or silver refinery listed below or allow us to help you in melting gold or silver for you:Argor-Heraeus SA Via Moree 14, CH-6850 Mendrisio, Switzerland +41 91 640 53 53Valcambi SA Via Passeggiata, 3, CH-6828 Balerna, Switzerland +41 91 260 05 61Cendres+Métaux SA Rue de Boujean 122, CH-2501 Biel/Bienne, Switzerland +41 58 360 20 00PX Précinox SA Boulevard des Eplatures 42, CH-2304 La Chaux-de-Fonds, Switzerland +41 32 924 02 00