silver bullion bars
Yes the VAT on
investment silver is a problem in Europe, and sadly the UK government is NOT ALLOWED (!!) to extend the zero rates or introduce new zero rates! And this has been the case since power to govern the country began to be handed over to the Roman, sorry European empire from 1973 onwards.
However it is worse than described here because the VAT on silver is NOT equal across Europe nor is it equal within the UK! In Germany legal tender silver bullion coins such as American Eagles get charged at less than half the German VAT rate 7% instead of 19%.
And if you are a member of the VERY EXCLUSIVE LBMA you can enjoy buying and selling silver at 0% (YES ZERO % !!) VAT.
Alas for the rest of us surfs in the UK we have to cough up 17.5% extra on our investment as a thank you to the Nice Government Men for being, well Nice Government Men.
So if you buy an ounce of physical silver today at £11.42 in the form of one of our
Silver Roses + our mark up + manufacture + government mark up, means your ounce will cost £16.52 – 44.66% over metal price. (Though buying larger amounts will reduce the mark up and bars are cheaper)
So silver is definitely a longer term investment