How To Buy Gold & Silver Tax Free - Learn The Bullion Investment Secrets
The best places to buy gold and silver in Europe… VAT free
However, if they want to claim that money, they will quickly find out that there is not enough physical gold available. Buy it physically because there are even certain paper products that do not guarantee that you actually own gold. On top of that, you are not allowed to ask for physical delivery and, quite often, they have cash settlement clauses, which means that the bank can pay you out in cash instead of physical metals in a harsh monetary crisis or war.
Also, make sure that you receive the exact details of the items that you own, including bars numbers, hallmarks, etc. If that is your situation, you should buy small gold coins directly and store them nearby where you live so that you have quick access to your gold storage in a harsh crisis scenario.
If you have more money and you really want to allocate parts of your wealth into physical gold, then it makes sense to go into jurisdictions that have strong private property rights. The best jurisdictions you can find these days are still Switzerland and Liechtenstein, especially when it comes to physical precious metals stored outside the traditional banking system. Just make sure that whenever you elect a gold storage company, you know that you are the owner of the gold, that the gold belongs to you directly, and that the company you are dealing with cannot pledge it, hedge it, or lease it out.
You want to get as much gold for cash as possible. The main rule is to build up your liquid gold and silver stock. This means you should invest in legal tender coins such as the Maple Leaf, the Austrian Philharmoni c, or the Australian Nugget. Just make sure they are a legal tender and that they have a low fabrication fee. When you buy, the price of the physical ounce of gold should be as close as possible to the paper spot price of gold.
That is always the underlying way you calculate the value of an ounce of gold. Then, on top of that, you have to pay the fabrication fee which the dealer has to pay to the mint to get it physically produced and then you pay a brokerage fee for all the work the dealer has to do before you can get it delivered to you in person. It really depends on the setup, but that is the general price range. As soon as you are happy with your stock of smaller dominations coins, you can move up to bigger formats. Be cautious when looking to buy from phony sources. Try to find out what certificates a precious metal dealer who has a store may have.
It is also important to know this rule of thumb: This means that buying a one-kilo gold bar will always cost less in terms of premium over spot than buying a one ounce coin. What about numismatic coins? Anyone wanting to buy rare coins needs to fully understand the numismatic business before making any big decisions.
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You need to know the coins. Numismatics can have a huge up price. The market could pay two, three, or even four times the price of a regular ounce of gold for an old coin.
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Gold is monetary insurance as well as a means of building up savings over a longer period of time. In this case, that means you need to have an investment horizon. Instead, ensure that you are buying and then putting the gold to the side. It acts as a store of value. You can do it for a certain period of time, but one day the debt has to be repaid.
Learn how to crack the code and legally pay zero tax while traveling the world.
The world financial system had trillion of credit in ; today, we are standing on almost trillion of credit. Everything has an end and this debt orgy that we have been witnessing for the last 50 years is going to end as well. That is why you should be putting liquid gold on the side. You will want it to be liquid.
A lesson from the past: During the Weimar Republic in Germany when inflation ran rampant, an ounce of gold could purchase a house and a silver ounce could pay the farmer to have chicken for the next four or five weeks. If a similar situation were to arise today, you will be able to use gold for bigger opportunities and silver to finance smaller things.
Anyone who wants to buy gold must save first before they invest. That is the backbone of a healthy economy. The current system relies on debt, credit, and consumption — the exact opposite of a healthy economy.
The best places to buy gold and silver in Europe VAT free
If you buy gold, use your savings, put it on the side, and make sure that it is fully yours. You never know what the market is doing and you may have to pay back your credit before the price of gold rises. You have to give up certain wishes today so that you are able to profit from your investments in the future.
As I mentioned earlier, you should always have access to some gold. You can put it in a safe at home or bury it outside — whatever you want — just make sure you can find it. The key is to have direct access to your gold if something happens. You should have your insurance outside the country.
European VAT on precious metals
The United States, for example, confiscated gold back in under Franklin Roosevelt. Switzerland, on the other hand, was the last currency to go off the gold standard. They have always had a currency — even during wartime — that could be exchanged for physical gold. Get the knowledge you need to become a successful precious metals investor. Start putting it to work. Make your investment work for you.
How & Where to Buy Gold Coins (2018 Buying Guide)
If your IRA is one of your primary investment vehicles, your gold or silver can grow tax-free within it. Physically storing your gold and silver is as important as knowing when and what to buy. We offer the highest level of secure storage options in the industry. And here in Germany, gold and precious metals are treated by many like real money, not barbarous relics as they are across the pond.
In fact, much of Europe is at a distinct disadvantage when it comes to buying precious metals because the governments here apply VAT essentially, sales tax to the purchase of some investment-grade metals. Throughout the European Union, investment-grade gold bullion and certain approved coins are exempt from VAT as they are considered an investment vehicle. Some countries tax any capital gains earned from the sale of those gold coins; this is why living in and transacting your metals purchases in a country with no capital gains tax has its advantages.
Buying silver in Europe is another story.
In the European Union, silver bullion is not allowed VAT exemption, and rates vary from country to country. So does Austria, where my beloved Austrian Philharmonic coins are minted and available directly from the Mint. There are two ways to get around paying VAT when buying silver in Europe, although it requires a little bit of legwork. The first option is buying silver in Norway, which does not impose any VAT on such bullion. While Norway is not a member of the European Union adding to its appeal , it is a member of the European Economic Area EEA , which means Europeans have certain rights to move goods back and forth.
It is not, however, as simple as buying silver online from a Norwegian dealer and having it shipped to Germany. In most cases, such a transaction would be subject to tax on the receiving end. And if you live in a more insolvent European nation, you might not want it shipped to you anyway. The second and more attractive option for buying VAT-free silver is through Estonia. Estonia is the only country I can find in the EU that does not apply sales tax to silver bullion or silver coin purchases. However, customers can purchase gold and silver through an Estonian firm and then have a third party courier deliver it to them.
The costs of doing so may make investing in gold more interesting to Europeans as gold bullion can be purchased anywhere without such hassles, and can be transported more cheaply. The reason for this is that premiums over the spot price are lower in Asia — namely Hong Kong and Singapore — than in Europe even when the tax is removed. Doing business in Europe is expensive and operations are often not as streamlined as they are in the Asian wealth hubs.
However, holding some of your precious metals in Europe can be a wise move. Just make sure you follow the correct procedures to avoid seeing your metals seized. I've helped hundreds of guys develop and implement legal strategies for lower taxes, dual citizenship, and lifestyle freedom. Would you like to be next?