Golden Suisse GmbH

[Artem999]

Greetings!

Does anyone know anything about Golden Suisse? Did anyone open an account with them and what do you think?

They have an amazing opportunity to trade gold and silver privately and securely 24/7.

Any comments would be appreciated!

Thank you!

 

[mraleph]

It's already been discussed

Thread 'Golden Suisse'
https://www.offshorecorptalk.com/threads/golden-suisse.45463/

 

[daniels27]

There is no such company. There is a company called Golden Swiss GmbH, which I‌ do not know. Then there is a company called GCB Suisse AG, which is running‍ www.goldensuisse.com.

 

[ilke]

I assume he is referring to the latter⁠ GCB Suisse AG based on the provided context

@mraleph is right that there's already a⁤ thread about this topic, but not that much was said, just 1 person stated they⁣ would test it out without later elaboration

 

[Artem999]

So it’s GCB Suisse AG, I apologise for the misunderstanding. I see that no one‌ had experience prior to this. However one user had stated in another thread they had‍ actually opened and account.

Thank you for all of your replies.

 

[daniels27]

But what do you want to know? It is a Swiss NonBank. Even worse than‌ a Swiss Bank. Of course, you will get serice there. But probably at very good‍ fees. There will be situation where they make sense.

See my thread about Swiss Banks⁠ here:

They are expensive!

 

[happyjohn]

depends on what you want to use them for, I know them but what do‌ you want to know?

 

[Artem999]

Hello, I would like to know if they can open an account and how to‌ communicate with them. Could not get a reply to my email. Also read on here‍ that they are “doggy”, but that could be just evil tongues and competitors.

Thank you!⁠

 

[JohnnyDoe]

I would never consider a company that resorts to this kind of marketing gimmicks.

 

[daniels27]

The guys are also constantly "in meetings" and phone calls seem to be diverted to‌ some random phone service.

 

[Artem999]

Dear John, have you had experience‍ working with them? If so, what is your opinion about them and their legitimacy.

Thank you!

 

[vdara]

I work with them just as of now. The fees are whatever you negociate. One‌ partner company asked me 75k for first year, the closer you get to the people‍ there the fees drop to 5-10k for registration and lower for parking gold there. They⁠ are not a bank, how was wrongfully here stated. You don´t get a bank account,⁤ you get a "parking lot" for your gold and you can spend it like fiat⁣ by using their partner creditcards. The good part about it is that since they are⁢ not a bank, they are not obliged to share any info about the customers and︀ you remain the owner of the gold. you can sell and buy through them.
If you try open something as private person just knocking at the door, they are "in︁ meetings" and you won´t reach anyone. You need recommendation

 

[Frankie]

I'm a simple man, I see "Suisse"- I go in the opposite direction. And that‌ includes "Credit Suisse".

The entire country is essentially living off past reputation for secrecy that‍ no longer exists.

 

[ilke]

But where is the value proposition for those fees?

You are getting a normal card issued︃ by a UK high-risk EMI denominated only in EUR that according to the FAQ supports︄ the UK + a couple of EU countries, not even Switzerland and not even approx.︅ a third of the EU.

I get the need to store gold but there are︆ much better providers of vault services and you don't necessarily need them. The listed benefits︇ are often quite strange/misleading, e.g. "0% Interest" – well, yes; EMIs are not allowed to︈ issue credit in the UK, you are not borrowing from them...

What kind of business︉ will lie to you about being in meetings and try to get rid of you?︊ Lol.

 

[EliasIT]

I couldn’t agree more with your view on Switzerland and‍ the people who set up companies here thinking it still has some kind of secrecy⁠ about it. That simply isn’t the case anymore, unless you actually live here and can⁤ benefit from the way Switzerland now operates.

But it’s expensive, and any consultants you hire⁣ to handle your company’s administration will take full advantage of the situation. We once forgot⁢ to pay a bill for 300 CHF, and our company was immediately hit with a︀ reminder fee of 33 CHF, absolutely insane, and not something I would normally tolerate.

 

[vdara]

The valueprop is a usecase thing. You have︁ cash lying around, you buy gold with cash, call loomis, have them transfer your gold︂ to GS and from there spend it. You don´t get interest on your parked gold︃ (i heard they think about how to do it, but nothing tangible yet, since you︄ own the physical gold and they just can´t slice it up for you). The card︅ is mastercard world elite, so it´s pretty decent. Classic vault services don´t let me cash︆ on gold and spend it. And the reason for being in "meetings" is probably not︇ wanting to deal with 10k deposits. GC is not the only one offering these services,︈ i just wanted to drop my cents that they are a legit company and relaxed︉ with KYC.

 

[aniglo22]

Why go through all the hassle when you can just use a crypto card?
And if︃ you want to hold gold, you can do it with PAX Gold/Tether Gold and spend︄ it via the card .

 

[vdara]

Because the money needs⁠ to somehow come on the crypto card 🙂 and banks and states do have a problem⁤ if you march in with the bag of cash to put it in an account⁣ and then use it to buy crypto. The guys behind PAXG are backing up their⁢ tokens with real gold, which sits in London, and you can actually take it out︀ (but it was a minimum limit of something like 40+ ounces..can´t remember anymore). But their︁ support is more than miserable, don´t answer their mails, don´t call back. So not very︂ comfortable to park gold with them.

 

[brianK]

I totally agree, I had PAXG for half a year but sold⁣ it all because I got nervous about their miserable support!