Storing Precious Metals
Many precious metals investors want the option to own precious metals without needing to take possession of it. There are several reasons for this:
- VAT: In Europe, all silver, platinum and palladium is charged VAT upon delivery. For many precious metals investors, this is problematic. Having to pay an additional 20% (depending on the country of delivery) makes these metals a poorer investment option.
- Security: Many retail investors are concerned about the security of taking precious metals into their possession. This may be because they do not have insurance that covers the goods in the event of a loss. And this may be because they do not feel safe maintaining precious metals in their house.
- Ease of Resale: For physical precious metals speculators, the option to trade in and out of gold and silver with as little cost is appealing. Additionally, leaving gold and silver in storage reduces the turnaround time for the purchase and sale of precious metals.
SwissBullion.eu offers its clients the option to store precious metals with the company. Clients can store gold, silver, platinum or palladium in one of our fully insured locations in Switzerland. Clients can also request precious metals holdings for delivery, or sell them back to SwissBullion.eu at any time. SwissBullion.eu offers up to 100% of the spot metal price for any metal stored with the company.