Hi, yes you can buy from UBS, you can walk in there and buy it either in cash or credit card. Two things to keep in mind-1. If you are not a UBS bank account holder, then you are only allowed to buy gold of upto 10,000 CHF or 20,000 CHF- you can check with them of same when you are at the counter. 2. If you are a UBS bank account holder, then you can buy as much as you want. And yes, they will give you at the current/spot rate at the time you visit them. Dont forget to carry your ID with you! Hope this helps!
Can you really claim the VAT inthis case 8% back obn GOLD purchase ?
If yes then I would buy gold everytime I go to London. They have VAT of 20% i guess .
"investment" gold is vat exempt so nothing to claim, except " oh, how did that 1kg gold bar get into my suitcase" when stopped at customs
And in black and white:
http://www.admin.ch/ch/d/sr/641_201/a44.html
But if you buy Silver, Platin or Palladium then you pay VAT.
First world problems
that seems to be the latest "in / buzz phrase" along with concept, touch base, think outside the box etc and it really grates on my tits
You have tits???
only on my off days
Are gold bars here cheaper than elsewhere?
I buy from on online provider in CH and the markup is lower than in most other european countries. UK is really high (even with no VAT on gold).
I would say CH is the best price you will get in Europe (shop around though cos there are a lot of providers here), and for cheaper you might have to go to Dubai or HK.
Buying gold bars:
oh dear! someone got scammed big time.
Best to buy direct from the bank then to minimise any chances of dodgy practice
That's good to know, I never really thought about buying gold bars but it actually makes sense to me to purchase some. Does anyone have an idea about what the general price is for 100g bars and if there would be any problems taking them to the UK like tax and duty?
The net price for 100g is 3.215 * the price you see quoted for 1oz ($1763 right now). Markups I've seen are then about 50chf for 1oz (depending on the brand), so it should be abit less for 100g. afaik there are no taxes/custom (since there is no vat in the UK/EU), but it counts towards your maximum foreign currency cash import (up to 10,000 EUR, or you have to declare it).
see post #12
Well, not all gold is the same. Turkish gold bars are cheaper, but not of the same quality, and often come from non certified dealers; like here in Switzerland, thru the bank. There is a tax and a fee thru most banks. But buying gold should not be based on saving 20 chf per bar, but rather a little bit more of a longer term startegy. And quality is what you get here.
Anyone knows which banks offers best rates for bar gold (to buy from the bank)? UBS, ZKB, others? Do they have them in all branches or one should order them in advance?
Smaller coins and bars may be on hand - but larger bars (like the "handy" 1kg gold bar) are very likely stored centrally and have to be ordered in advance.
ZKB (and I assume others) can lock you into the price at the time of ordering (and paying...) though.
ZKB's prices are here:
https://zkb-finance.mdgms.com/home/c...ces/index.html
Looks like gold is almost where it was a year ago.