UBS key4 gold lets you buy and sell physical gold from UBS securely and conveniently in UBS Mobile Banking. It offers the following:
- You can purchase between 0.1 gram (about CHF 7.0*) and 2 kg (about CHF 140,000*) per transaction
- Your gold is held securely in a UBS vault in collective custody
- You purchase gold with a minimum fineness of 0.995 (995/1,000) from an LBMA-certified refinery
*Based on the gold price as of April 17, 2024., Source: UBS Quotes
- Until further notice, you can only trade gold with UBS on trading and banking days, see the list of holidays below where no or only limited trading-windows will be open.
- If client instructions are given after 4.00pm CET, the transfer of co-ownership of the gold bought or sold and the respective change in UBS’s books does not take place until the next bank working day, even if the transaction has already been confirmed in the App and is shown in your vault. Please read section 3 of the “Terms of use of UBS Gold” carefully.
- The gold price displayed in the app is subject to market fluctuations and can fall or rise at any time. A purchase or sale is not valid until it has been confirmed in the app. The price displayed is normally valid for about 30 seconds.
- Currently, the offering is restricted to Non US-Persons, in case you change your status to an US-Person a sell-down might be required.
- UBS key4 gold is available to clients domiciled in Switzerland. If you change your domicile abroad, access to the key4 gold functions will be deactivated. The gold positions can still be held, but sell orders must be placed through client advisors. We recommend that you check whether you want to hold or sell your gold positions before moving abroad.
Any gold you buy in our app is also deposited in a UBS vault, making you the co-owner of the physical gold held in collective custody. This is not always the case with every gold product, such as gold ETFs.
When you open UBS key4 gold for the first time, you will be asked to select one of your private accounts. These must be enabled in your Digital Banking settings
ATTENTION: Afterwards, you can only change the account stored in UBS Gold to another private account belonging to the same client relationship as the account you originally entered.
The following trade and custody limits apply in UBS key4 gold:
- Per purchase: 2 kg gold (equivalent to CHF 100,000 at CHF 50/gram)
- Per sale: CHF 100,000 (equivalent to 2 kg at CHF 50/gram)
- Maximum holdings: 100 kg of gold (equivalent to CHF 5,000,000 at CHF 50/gram)
We charge the following fees to use UBS key4 gold.
Transaction fees:
Trade volume | Fee per transaction | ||
CHF 0 – 25,000.00 | 1.4% | ||
CHF 25,000.01 – 50,000.00 | 1.3% | ||
CHF 50,000.01 – 100,000.00 | 1.1% | ||
CHF 100,000.01 – 250,000.00 | 0.9% |
Custody fees:
Custody volume | Annual fee | ||
CHF 0 – 10,000,000.00 | Free of charge until 30 November 2023, then 0.35% per annum |
Through UBS key4 gold, we only buy and sell gold in collective custody with a fineness content of at least 0.995 (995/1000) and from gold refineries certified by the London Bullion Market Association (the “LBMA”). Your gold is physically stored for you in a secure UBS vault. Rest assured that the gold belongs to you and not UBS. This means that, even if UBS went into liquidation, you are still the legal owner of any gold you have purchased.
In the current version, physical delivery is only made in exceptional cases. We are working on making this feature available to all users with a newer version of UBS key4 gold. Sending by registered mail with Swiss Post usually takes 2 – 5 days. Please note that the delivery time is also subject to operational capacity, that certain bar sizes may be temporarily unavailable, and that access to physical gold will incur an additional fee to cover production costs. If you have not received packages within three weeks, please contact Mobile Banking Support or your relationship manager and provide the transaction number that you will find in the app.
If you terminate your banking relationship with UBS, you will no longer be able to buy or sell gold in UBS key4 gold. Please contact your client advisor before termination so that we can help you find a custody solution for your gold. You can of course also sell all your gold beforehand.
Gold trading is not expected to take place on the following days in 2024 (holidays relevant to gold trading): January 1, January 2, March 29, April 1, May 1, May 9, May 20, August 1, December 25./26.
