Why buy from Us
Guernsey Gold gives you:
• Highly competitive pricing
• Guaranteed Swiss quality
• Secure, insured storage
• Genuine ownership 'allocation'
• Client confidentiality
Besides offering some of the best prices in the British Isles, Guernsey Gold has a unique advantage in being physically based offshore. Much of the world’s gold is stored in the USA, UK and Switzerland in central banks and commercial banks. There has been considerable concern about the reliability of the gold market and whether transactions are being genuinely backed by precious metals. By holding your bullion in a location separate from the major storage centres it reduces the risk of your bullion being owned by multiple parties. It is vitally important that your gold is specifically allocated to you and does not form part of a bank's balance sheet in an 'unallocated' format.
While gold trades without VAT in most jurisdictions this is not the case for silver and platinum. Investors in these precious metals are encouraged to maximise their capital by purchasing and storing bullion offshore to legitimately avoid any sales tax. The high cost of insuring and transporting the likes of silver particularly encourages its accumulation and storage offshore.
Guernsey is highly regulated and VAT free.
Guernsey is a highly regulated finance centre situated between Britain and France and operates on London time (GMT). In 2009 Guernsey was placed on the White List of jurisdictions by the OECD (Organisation for Economic Co-Operation and Development). Unlike other jurisdictions, bullion dealing is subject to regulation so we are registered with the Guernsey Financial Services Commission (see http://www.gfsc.gg/Registered/Registered-Entities/Pages/Registered-Entities.aspx).
As well as being independent the island is politically stable and boasts a highly developed financial services industry. Guernsey enjoys a very low crime rate and is a very secure place to store bullion. The Channel Islands also benefit by the absence of VAT on precious metals as well as the non-existence of inheritance or capital gains taxes. This is in large part due to the stewardship of our Victorian ancestors who used interest-free finance for a century to build our infrastructure for the benefit of future generations.
We provide investors with photographic evidence of their bars with dates and certificates to record and verify their bullion. We also offer discounted storage at an independent vault specifically designed for institutions and private investors to store precious metals. Bullion buyers can take delivery by insured post but this will only cover a maximum of £2,500. We recommend that clients come to Guernsey to view their gold and collect it personally. On rare occasions we can deliver to some UK airports within the terminal building although there may be charges levied by UK Customs in spite of the absence of VAT. The movement of bullion either way across Guernsey’s borders must be declared to Guernsey Customs if in excess of €10,000.