We do not charge any commission. There is a margin between the buying and selling price which is how we stay in business. Internationally, most juridictions allow investors to buy gold, silver and platinum for investment purposes without the imposition of any tax or duties. You should consult your tax advisor for specific taxation advice in your jurisdiction.
In the EU there is no longer any VAT on investment gold coins and bars due to an EU Gold Directive (98/80/EC) which came into law on January 1st 2000. The exemption of VAT on gold applies to a number of categories, one of which is ” non-numismatic coins of a purity greater than 900/1000 minted post-1800″, which is the vast majority of gold coins. We are not tax advisers and investors should consult with the relevant authority on these matters.
Silver coins are still subject to VAT at various rates in various countries. However, silver coins which are legal tender are not subject to duty or VAT as they are considered as money rather than as a commodity. Modern silver and base metal issues are generally still subject to VAT. Silver and platinum bars are still subject to VAT if one takes personal physical possession. However, if one stores one’s bullion with a secure third party in another jurisdiction and does not import the bullion into one’s own country then generally no VAT is applicable.
