Buying & Holding
Guernsey is the second largest Channel Island which, although British, has complete independence from the United Kingdom in legislative and fiscal matters. It has a history of political stability and good governance with legislation that is robust yet pragmatic, workable and in compliance with international anti-money laundering and countering terrorist financing standards.
All four precious metals can be bought and stored securely in Guernsey without the imposition of any form of value-added tax or goods and sales tax. Furthermore, you can buy a number of gold and silver bullion investments which are exempt from UK capital gains tax.
More than 99% of client assets are stored here in Guernsey, an island with natural security and a very low crime rate.
Switzerland has a rich history in dealing with, and storing, gold. The country benefited from its neutrality during the second World War by purchasing gold from Allied and Axis powers and exchanging the precious metal for Swiss francs, the only freely convertible currency at the time, aside from the American dollar.
Gold, only, can be bought and stored in Switzerland (the other metals attract sales taxes and complications). Ravenscroft wanted to offer clients a choice of custodian to avoid any accusation of being incapable of managing conflicts of interests or segregation of duties.
Our storage fees are charged monthly on the value of your bullion held using the last available London Bullion Market Association USD fix rate of the month.
On gold, platinum and palladium bars, coins and grain in Guernsey
0.35% per annum, charged monthly in arrears on the value of assets held by us as at the end of each month, subject to a minimum fee of USD10 per metal, per month.
On silver bars, coins and grain in Guernsey
0.50% per annum, charged monthly in arrears on the value of assets held by us as at the end of each month, subject to a minimum fee of USD10 per month.
On gold bars in Switzerland
0.25% per annum, charged monthly in arrears on the value of assets held by us as at the end of each month, subject to a minimum fee of USD$10 per month.
An island fortress, Guernsey is widely recognised as one of the world’s premier international finance centres and boasts a unique mix of advantages when investing in precious metals.
Located 10 minutes outside Zurich, a state of the art, secure vault operated by a world-renowned business offering security solutions ranging from valuables-in-transit to vault storage.
Your bullion are held, for administrative convenience and safekeeping, registered in the name of our wholly-owned nominee company on your behalf. Your interest in the nominee company's aggregate holding of physical assets will be reflected in the account maintained for you whilst your relationship will solely be with Ravenscroft. The physical assets held on your account will be your property so that Ravenscroft, via its nominee company, will provide bailment services only and shall not take ownership as trustee.
Your assets will be held in the vault on an allocated pool basis, with the exact amount of bars, coins and grain required stored and segregated by asset type.
Of course! Please contact us first to discuss as there will be costs to pay, there may be tax or duty implications to consider and customs declarations to be made, which we will run through with you when we speak to you.
If you are investing more than $500,000 and would like your own safety deposit box within the vault, then please contact us for details.