You are super kind, but I'd rather buy cash from a bank's branch.
That'll be all. Thanks everyone, you've been a great help. bye
Ouch! Rollie eyes? Are you mad at me Come on roby, you're a smart gal, you know everything...
Question to all that know more, what price do you get from CS or UBS for selling gold to them? I see the prices that they sell but what price do they offer if you bring them gold bars?
i wonder if they accept them back at all... if i were the bank, i certainly wouldn't!
What I want to know is why would somebody fly all the way to Switzerland from the US to buy gold? There's so many closer places that probably will sell for the same (commodity) prices and will respect the buyer's privacy.
I'm pretty sure they accept them back but there will be some hassle involved if the gold was not stored in their bank. Probably they will charge you for assessment etc some fees so buying/selling in small quantity (up to 100g) would not be feasible? Just speculating.
I see a lot of gold/silver bars for sale on ricardo with starting price 1, say you buy one from there, where do you go to check it out and sell it?
well, if one was to make such an investment, you'd hope that you cover this very important part of the process in great detail!
Quick look through the prices on ricardo and CS shows that ending price or actual price of the golf bars is exactly equal to the one shown at CS or UBS...So I don't understand why would someone bay a 100g bar on ricardo rather than going at UBS?
On the other hand there is a great place to sell and buy your gold with probably less commission than UBS...
A lot of scrap golf selling for peanuts too....
And, if you a capable enough, get yourself a torch and cast and off you go melting down gold bars
It's hard to be a credible smarta$$ when one needs the interwebz to answer "what price do i pay for gold and is there a markup" type question.
Just sayin.
Sorry but I think you indeed are completely mistaken. For any other precious metal you would have to pay MWST but gold is an exception (unless you buy silver coins for example which are considered as currency).
Awww! Stepping in to defend your Roby! You boys will live happily for life, but obviously you'll be doing this a lot since your precious likes to compensate for his real life cowardice by trash talking people from behind the safety of a keyboard. But seeing your nasty language which your mummy was too busy to tell you not to use, I can tell that you're no different and wish you both luck dealing with your "Small man Syndrome"
Oh, and don't make up stuff and put them between quotation marks indicating that they were my words, because that's so helpless I almost want to give you my dinner leftovers. I'm sure that even a pathetic gutter dweller like yourself can do better. Oops! I used bad language too. See how easy it is?
And every village must have the little one who enjoys the easy jumping on the wagon. How cute are you guys!
Now I've said my piece, mods are free to ban me if they wish, but send me a positive thought when in the future these three clowns become as respectful and helpful as the others who answered my questions
That was my first thought too. Why go to all that trouble buying a volatile asset, which cannot be easily sold, when you have nothing to hide?
Some that aren't in the business, just don't know.
A while back my aunt said to me ".... you mean, I can just walk in off the street and buy a block of gold?.."
"yeeeesss.. They'll even store it for you. You can have a photo of your block if you like."
That was 2002. She should have bought the gold, not the land
Some people buy some things just because they are pretty
Come on.. what do you keep on your mantelpiece? Im sure a 12kg block would be just the bees knees.
But he was talking 100gm. Currently between 500-600chf. Just something to keep on your gold chain, to complement your hairy chest, really.
OK, while on the subject (and a little off topic) of VAT, I always claim VAT back from purchases I make in the EU as I have my B Permit with me at all times. It does all add up and buys me an extra drink.
Where I'm originally from, we don't have any ID with an address printed on it, so basically I could buy an expensive watch and claim the VAT back by saying I live in the EU and use a family's address abroad and get the money when I go on vacation or whatever?
Now, 1) I would not do such a thing, 2) I guess with only 8% VAT it is hardly worth it as it will be cheaper in the EU under most circumstances, but am I right in thinking it is possible?
PS. I do not under any circumstances condone illegal behavior and/or fraud of any kind. This is pure for educational purposes of course...
Frank, to do the "detax" you need to show valid passport where most likely your address is shown.
After that, when you claim your VAT at the border in most cases the officer will ask to see the goods to make sure they go away from the country.
What you plan to do is better to do it abroad and claim the VAT in Switzerland at the train station. Say, you buy an expensive watch to your father/mother/sister back home, you haggle some 20% at the shop plus the 15% detax, you take all the documents and put them at the box of swiss customs this way you receive your detax and the watch stayed in the "home country".
Not that I have done this
Thanks for your reply idefix (your alias says it all )
That's the thing... We don't have a home address in our passports (Nordic Countries) but we do have f'ing high VAT rates
I'm not a fortune teller, but I see some big Christmas shopping in not so distant future