The Conditions

A prerequisite for opening an S-Deposito is a commitment to build up at least 1/4 Talent (250 oz.) of silver.

One-time costs

• Regular 5 percent, from 30 Talents 1.5 percent commission on the price of the target investment on the closing day

Ongoing depository and storage fees

• Up to a target investment of 1/2 Talent, a reduced annual depository fee of 2 oz. silver granules applies. For all larger S-Depositos, the annual fee is 4 oz.
• Regular annual storage fee of 1 percent, from 30 Talents 0.8 percent on the average balance of silver granules

Payments

• Additional deposits and withdrawals possible from 100 CHF / EUR
• Unlimited number of transactions per month included
• Current purchase, exchange, and selling prices available at bb-wertmetall.ch

Taxation

• Value-added tax – uniform. All purchases, sales, and exchanges within the S-Deposito are VAT exempt. The residence of S-Deposito holders is not relevant.
• Income taxes are country-specific. Swiss clients do not pay tax on capital gains, German clients do not pay tax on capital gains if the holding period is at least 12 months. Clients from other countries are responsible for ensuring any applicable taxation themselves.
• Wealth tax – country-specific. Swiss clients include the depository statements in their wealth declaration, German clients are currently not subject to a wealth tax.
• Account management fee as well as storage fee are subject to VAT for Swiss clients.

Storage / Custody

• Storage in the Swiss bonded warehouse
• Fully insured