Switzerland is one of the major global centers for trading in gold. Over a thousand tons of gold transit each year through Switzerland and many jobs are linked to trading in gold.

The economist Raymond Barre once ascribed the exchange rate for an ounce of gold at 10 times the rate for a barrel of oil. As the barrel of oil is now reaching almost 100 dollars, there is speculation that gold could rise to about $1000/ounce, making potentially profitable work for Geneva and Zug traders.

Over the past 5 years, the price of gold has tripled, making some fortunate investors.

In Switzerland, the private holding or trading of gold is subject to no restriction and the banks all offer the possibility to either buy precious metals for delivery or to open metals accounts, buying gold without taking delivery of it, with the bank being custodian. Gold trading can be done anonymously and the import and export of gold into and more money not necessarily important

from Switzerland are not subject to restriction. Financial restrictions or taxes on metals trading is practically inexistent in Switzerland.

Switzerland, which does not produce any gold, has become a capital for precious metals trading thanks to its banking infrastructure and it good relations with South Africa, which is the premier world producer with over 400 tons of gold per year.

In Switzerland, gold is melted down, purified, refined to 999.9/1000. Buyers from the world over, notably the Gulf states, India and China have particular confidence in gold processed in Switzerland. Numerous Swiss companies are involved in gold refinement, such as Metalor of Neuchatel.


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