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Silver in Germany getting 12% more expensive?

DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
in Precious Metals
It's in German, I can't read it, but somebody on kitco posted it. Anybody confirm/deny?? Any trickling effects stateside??

German silver VAT from 7% to 19% in 2013

Comments

  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    From your link title the taxes on silver transactions are going to get more expensive. This should have a negative affect on sales. Look for an increase on PM transaction taxes to spread to other countries.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Derry I think this kind of catches Germany up to a similar VAT on silver as most of the other EU countries, where they are around 15-20%+ if I'm not mistaken. I wouldn't expect any rises in other countries where it's already in play.
  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    Revenue is a big problem for a lot of countries. I believe they will attempt to compensate for reductions in some areas with increases in other areas. As indicated by Germany, PMs are a good source.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    But silver is already heavily vat'd in the EU. You think a gold vat may be on the horizon there in some (or all) places in the EU? That's been the no-no area so far it seems.
  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    I'm talking outside of Europe

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    I was trying not to flat out say "when's it coming here". Can't give the forum gov trolls any ideas that we're on board for that crapola. image
  • bronco2078bronco2078 Posts: 10,211 ✭✭✭✭✭


    Sounds like I'll have to come up with some german boilerplate text for my ebay listings.

    who speaks german? google gave me this

    Sie von mir kaufen werde ich Ihnen helfen, zu vermeiden Zahlung der Mehrwertsteuer mit einem kreativen Zollanmeldung






    image
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Sounds like that the seller is going to help you cheat the "Taxman"image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Lots and lots of people are going to have plumbing issues, with supplies being mailed of course.
  • tneigtneig Posts: 1,505 ✭✭✭
    Even in german, the us email scanners and tax man knows what this says....


    << <i>Sie von mir kaufen werde ich Ihnen helfen, zu vermeiden Zahlung der Mehrwertsteuer mit einem kreativen Zollanmeldung image >>



    I guess when they (gov) needs money, they will find every nitch they can and overtax it.
    COA
  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭
    A whole lot of underground ground Silver transactions will be taking place between individuals
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>A whole lot of underground ground Silver transactions will be taking place between individuals >>



    Agree. The underground economy is already alive and well in this country. Many PM and coin transactions are already on a cash basis between individuals to avoid paying any income tax.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • fastrudyfastrudy Posts: 2,096 ✭
    bronco, that phrase means:

    You buy from me I will help you to avoid payment of VAT with a creative declaration.

    It looks as if all transactions will be going South and all cash deals.
    Successful transactions with: DCarr, Meltdown, Notwilight, Loki, MMR, Musky1011, cohodk, claychaser, cheezhed, guitarwes, Hayden, USMoneyLover

    Proud recipient of two "You Suck" awards
  • derrybderryb Posts: 36,790 ✭✭✭✭✭
    looks like gold in germany is also getting attention

    German gold audit story has just exploded into the English-language press with some important revelations

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • tneigtneig Posts: 1,505 ✭✭✭
    Looks like none of it can be trusted. Bad tracking, loss, stolen, leased, misappropriated, inadequate stock, plagues gold storage - from the individual on up to national holdings. There may be gold, but if you don't hold it, the storage contract may not be better then fiat.
    COA
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