How can I pay for my Gold?

Can I pay online by debit or credit card?

No, we are unable to accept debit or credit cards or Paypal payments for bullion products. This type of purchase is subject to a card handling fee which completely eliminates our profit margin when we offer such low prices.

Does Guernsey-Gold accept bank to bank transfers?

Yes, bank transfers are the only method payment we can accept. This is part of the verification process toprove the funds have come from you. Our bank details will be supplied when you have been identified and verified. We will ask for funds before placing an order so that we are not subject to price risk should you decide to cancel. Payments must be immediate so we can fix a price for the gold at the next available (twice-daily) price fix in London, otherwise there is significant price risk if payments are delayed. Please ensure that your name is used to reference the payment so we can identify your funds with the correct order.

Does Guernsey-Gold accept cash?

No we do not accept cash. Please note that any cash or bullion in excess of €10,000 crossing Guernsey’s borders in either direction must be declared to Guernsey Customs (see www.gov.gg/ccm/home-department/customs-immigration/press-releases/cash-c...)

Does Guernsey-Gold have purchase limits?

No purchase limit is placed on bank transfers once we have verified your identity, address and source of funds. Any bar can be ordered as shown on our price list but the minimum customer size must initially be the equivalent of 1 kilo of gold due to the extra compliance costs of operating in Guernsey. Please note that large orders may be subject to delay depending on availability and transport times from the supply chain. We keep some stock but recent demand is outstripping the speed of re-supply.

Do I pay VAT on bullion purchases?

No, Guernsey is an independent jurisdiction where VAT does not exist. As of the 1st January 2000 investment gold is not subject to VAT throughout the EU either. Silver and Platinum bought and stored in Guernsey does not attract VAT although it may do so once transported or delivered elsewhere. However UK Customs may charge an administration fee on entering Britain.

Do you take other currencies?

Yes, Sterling prices are quoted on the web-site but we can accept US$ and € but a price will need to be confirmed over the telephone or on a quote. There may be extra bank transfer and  charges incurred by you in the process.

How do you manage to obtain such competitive prices?

We have excellent suppliers to secure advantageous prices. It is important to compare the overall package cost of bullion that includes postage and storage. We aim to come out on top both on price and overall cost but please let us know if you can get better elsewhere and we will see if we can match or beat any genuine offers. Although we will try to be accomodating this service is for serious investors and institutions. We do not expect to be haggling over prices and discounts given that we subsidise the storage and because margins on bullion purchases are thin.

Do you offer discounts?

Profit margins on bullion dealing are extremely tight in spite of the large face value of transactions. Orders would need to be in excess of £100,000 for meaningful discounts to be given.