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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: RJA_ who wrote (79104)	2/18/2007 12:43:35 PM
From: critical_mass	Respond to of 110194

There is no VAT on gold coins in Germany. For silver coins it was 7% last year when normal VAT was 16%. VAT on Platinum coins is normal (16% in 2006 and 19% in 2007). In Germany, there is no mechanism in place to track purchases and sales and report them to the tax authorities. One must present a passport when selling as an anti-theft precaution, but the dealerships have assured me that the tax authorities will never see it, (oh, and by the way we don't give advice on taxation issues) ;-) . I had the impression that Hommel was conspicuously trying to avoid saying the same thing directly.