Swiss Bullion Storage
SwissBullion.ch offers clients the option to store precious metals holdings in Switzerland. All items purchased are allocated directly to each client. Clients may at any point sell their holdings back to us, collect their items from our storage facility in Zurich, or request delivery. Please see the following details below:
SwissBullion.ch offers storage in Zurich, Switzerland. All storage is held with a Swiss company, and subject to Swiss law. All goods are fully insured while in storage. All goods stored on behalf of customers will be fully allocated in the Swiss vaults until such a time when the client requests otherwise.
SwissBullion.ch offers clients one year (365 days) of free storage upon account opening. Thereafter, all storage accouts are subject to the following fees:
|Annual Fee Thereafter||1.5%||2.5%||1.5%||1.5%|
Precious metals storage is invoiced monthly in advance=, and all storage billing is maintained directly within client accounts. No storage invoices are sent via email or via mail. Clients may place money on account to cover the storage fees, or they may set up a direct debit to cover the annual storage costs.
SwissBullion.ch uses the London Bullion Market Association (LBMA) previous month's average price for gold, silver, platinum and palladium in order to calculate storage invoices.
Allocation of Precious Metals
All bullion that is stored in our Swiss vaults is physically allocated at the time of purchase. Where available, serial numbers can also be provided to clients for a fee. Please note that this service is not available for all product lines.
Collection from Vault / Delivery / Sale
Should clients decide that they no longer wish to hold precious metals in storage, the following options are possible:
- Collection from Vault
- Clients may collect items directly from our vaults in Zurich. This service is subject to a vault collection fee. Clients may request collection from our vaults by contacting a member of staff directly to set up an appointment for collection.
- Delivery within Switzerland
- Clients may at any time request delivery of their holdings within Switzerland. SwissBullion.ch uses Swiss Post's priority mail service in order to deliver orders within Switzerland. In addition to regular shipping fees, additional 'vault delivery' fees apply. Client's may request delivery of their items from storage by logging into their account and requesting delivery.
- Sale of Holdings
- SwissBullion.ch guarantees to purchase back any holdings stored in our vaults from clients at any time. The company guarantees to offer at least 98% of the prevailing market spot price, although this figure is higher on some products. Clients may request to sell their holdings back to us directly from their account when logged in. When items have been sold back to SwissBullion.ch, clients may then elect to have their funds wired back to them, or to leave their funds on accout for future purchases.