Gold purchase in Switzerland

Finance, Taxes, Banking, Insurance and Retirement
1
Is there any institution in Switzerland that sells gold coins or bars to individual investors? How can individual investor buy gold in Switzerland?

2
Go into any bank and order whatever you want.

Prices on the web.

3
old EF thread to the rescue: https://www.englishforum.ch/finance-...-zurich-3.html

prices from ZH kantonalbank https://zkb-finance.mdgms.com/home/c....html?LANG=en#

4
Any bank.

Same for selling.

Tom

5
Pretty much any bank will be happy to facilitate you. But understand that there differences in the value of coins versus the value of the gold.

6
Degussa . I’d stay away from banks as well as paper gold.

7
I found this with a 2 second google https://www.moneyland.ch/en/buying-g...itzerland-tips

8
I know someone who went into the Basel Credit Suisse, bought ~10K worth of gold. A week later sold it back.

Quite simple.

9
Why would you stay away from banks? The pricing at ZKB linked above is better than at Degussa - at least for the 250g gold bar I did a random spot check on.

10
Thank you all. Do banks buy gold from individuals as well?

11
Yes, at least in coin and bar form.

Tom

12
My cellar is getting a bit full. How much do you need?

13
For the same reasons as why I personally wouldn't buy stocks or crypto from banks. Fees (maybe not in this case), KYC, policies and regulations, etc.

14
250 grams bar 300 CHF cheaper in ZKB vs Degussa.

Retail investors benefit from KYC, policies and regulations. Being able to resell easily beats anything. Unless the operations are in the millions range, no one cares about gold buy/sell in the context of taxes.....provided you're not telling everyone on online forums and on the street

Maybe there are better options for institutional investors, but this kind of people does not make questions on EF.

15
There are no fees. You pay the spread. I know this as I bought some last year and confirmed that there are no additional commissions.

I can't comment on KYC, as I was already a client, but banks will do FX transactions without you being a client. Presumably you would need to show your passport, but I can't imagine Degussa will be any different.

What policies, regulations etc. Is that short hand for I can't really back my opinion up.

What taxes in Switzerland? There's no VAT and any profit would be a capital gain. It would be part of your wealth, but you have just transferred one store of wealth for another, so net no change in wealth tax.

16
Oh dear..... a very good reason not to listen to nonsense on the internet.

17
Ejem....I placed myself in the shoes of someone acquiring gold with undeclared income/cash...just for science purposes These operations would rise a red flag in the amounts are large enough.

18
Say I want to buy 1 kg of gold, how much it will cost me to store it at, say, ZKB and is it safe in a case of robbery/thieft? Is it insured? Can I sell it back to the bank at any time?