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Saturday, 13 June 2009

VAT - Gold or silver?

I want a small portion of my assets in crisis safely in gold and silver to create. When gold is not according to tax calculated on silver though. How does the VAT when gold sold out? Why this difference in treatment? Andreas R., Hamburg
With the purchase of precious metals is generally subject to VAT when selling to a dealer or a bank, the customer receives only the net, so the price minus the VAT.
For gold, the investment purposes, has been in force since early 2000 in all EU countries have been exempted from VAT. As a so-called investment gold are especially coins and bars with certain conditions - such as the fineness concerns - meet. This special provision is the "use of gold as a financial instrument to promote."
Silver coins and silver bullion are subject to purchase on the other hand, the current VAT rate. There are exemptions for certain coins, for which the purchaser pays a reduced rate. This will be an annually updated list of the Ministry of Finance determines.
Correlation between the dollar and gold price
A simpler version, in the performance of precious metals to participate, it offers investors through exchange-traded certificates and Exchange Traded Funds (ETFs). These products represent the performance of the precious metal from 1:1.
Precious note, however, usually in dollars. Investors who are in gold or silver to invest, should therefore always be aware that they are next to the precious metal also acquire U.S. dollars. Historically, it is especially when gold is a negative correlation, ie a contrasting development, between the dollar and gold price watch.
For German investors, the investment is a long time a zero-sum game: If the gold price rose, the dollar fell to the same extent.
Only in the past two to three years seems this relationship is no longer in this form to apply. We go long term, but assuming that the negative correlation between the price of gold and the dollar will continue - and would be exerted währungsgesicherten Investment, a so-called Quanto Certificate with the preference.
Boom, boom ... Gold

In recent years there has been in the trade of precious metal ingots and coins, an impressive growth given. That's why you find the most important quotations sueddeutsche.de now.
For years gold was for private investors largely uninteresting. Many banks were not the business of precious metal coins and bars completely. But since the terrorist attack on 11 September 2001, the demand for gold has increased substantially. The need for security has grown.
Especially in demand is still the classic gold coins: Kruger Rand. He has been in existence since 1967 in Germany to buy the smaller versions since 1980.
Because of this particularly large number of coin in circulation, it is also slightly cheaper than the other gold coins such as the Canadian Maple Leaf.
In addition, many investors use as well as to bars, especially if they are short on the price of gold want to speculate.
On the new course page sueddeutsche.de see also many older coins such as the 20-dollar-woman's head or the 20-franc Vreneli.
Gold is so expensive they have been for 27 years no longer

Not only the price of oil and the euro rush of record to record. The gold price is nearing its historic high.
For an ounce (31.10 grams) of metal were $ 794.70 on Monday and paid as much as since January 1980 no more. Gold gains further value because of rising oil prices and fears of rising inflation stokes.
Also on Monday, was again at a historic peak oil lists. The euro rate, again marked with a high 1.4438.
Secured form of investment in times of crisis
"When gold is the $ 800 range, because people continue to flee to the interest currencies show," said James Moore, analyst for Gold Bullion Desk. Gold is regarded as safe investments in times of crisis because the metal prized for millennia been the prevailing opinion that not so much on inflation and other uncertainties of financial markets is concerned.
His previous high was the price of gold in 1980 with 850 dollars.
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