Can someone explain to me why gold is sold 4-5% over spot price while silver is being sold 25-30% over spot price?

can someone explain to me why gold is sold 4-5% over spot price while silver is being sold 25-30% over spot price?

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If you're a bong that's because of VAT

If you are paying that much over spot, you are shopping at the wrong suppliers user. .70-1.5/oz over spot is the norm unless you are getting specialized coins.

I pay 90 cents per ounce over spot price at my local shop. No sales taxes.

I live in EU btw

Who the fuck bout gold and silver 20% above spot. I bought my gold and silver only 10% above spot.

I guess I'll be buying gold only then

Mintage, storage, and distribution costs. Even a government mint has to realize a profit.

Expect to pay at least this much above spot:

>Silver: $2-$5 per coin, less if bought in bulk
>Gold: 3%-9% depending on gold weight

In European countries, expect a VAT on silver bullion of around 20%.

Getting silver imported from Estonia lets you avoid VAT.

I heard estonian silver suppliers were forced to shut down or are they still in business?

Why are my fellow Yuropoors in such need of being spoonfed every little piece of information.
celticgold.eu/
They're still up

Wait, so youre telling me the idiots that buy non-investment grade rocks ALSO pay an additional 10-20%?

Holy fuck, you idiots will NEVER see a return in your lives

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mkay, thanks

because europeans are genetically cucked and stupid.

you got that right

That's the point. The only reason that you should buy gold is if you plan to pass it along for generations. The plan for buying gold should be on 100-500 years of plan ahead of your lifetime.

I like to think that I avoided this, but I'm pretty sure I'm just retarded as well as being self aware

because you're in europe. rest of the world can buy pretty close to spot

imagine not reading bitcoin's white paper and immediately realizing what's going on
lol

Do the needful and give us the brownpill Sir

Precisely because (((they))) want you to buy gold the comestic no use metal while simultaneously dissuading you from buying the most valuable, highest conductive, most reflective, biggest industrial use and severely undervalued metal which is silver

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You can buy from Germany. They have very reliable online retailers, and lowest VAT in EU afaik at 7%

auragentum.de is an example

€16.35 for 1oz maple leaf or €16.65 for philharmonics. Hard to beat those prices.

If I drive to a no sales tax state like Delaware to buy coins and bars is it really NO tax or will they put some other charge to add on there without calling it a tax? Will the store charge more over spot just because they know guys from MD and PA etc are driving there to cheat their own state out of a few dollars?

Musical chairs :)

based and redpilled. except that the party never ends.

Liberty, Freedom, and Mobility

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>and lowest VAT in EU afaik at 7%
Wrong, Estonia is 0% on silver
Fill yo' bags

>He thinks you buy it to see huge returns.
oh user

europeanmint.com
goldsilver.be

The problem is, that the shipping cost cancels the cheaper purchase price.
I am willing to pay a few bucks more and buy it at my local place anonymous without paper trail.

Price over spot isn't a tax, it's the already included price you see in the store.
Let's pretend silver is 10 dollars an ounce.
A mint will mint it, sell it maybe 50 cents over to a supplier to make profit, and the supplier needs to make a profit on it when he sells it to you as well. So you're looking at maybe 11 dollars while silver itself is 10 an ounce.

State sales tax on silver / gold is determined separately than normal sales tax, as some see it as an investment and some see it as a good.

interested in knowing this as well

I understand that, believe me I live in Maryland. I got a 1/4 ounce gold eagle today and (((they))) charged me $350 plus tax. If I drove to Delaware would (((they))) charge me $370 without sales tax?

No.
It would be 350 in either place without tax. If delaware doesn't charge tax, then it would be 350 even. Mind you, individual places set their own sell price to make profit, so you might still end up paying the same amount if they jew you.

Lol it's shit. I get philharmonics for 15.80€ with 0% VAT on coins in France with acheter-or-argent.fr.