LongjohnSilver
Fly on the Wall
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A friend was speaking with "The Silver Guy" about the rip off charges Europeans must pay to buy Silver Bullion: He had this to say when it came to buying Physical Silver bullion in some countries in Europe. He had called a bullion dealer/broker the previous week and this is the quote he was given:
I'm not sure if I can cut and paste the whole interview due to copyright, so here's the link:
http://www.buysilverbullionuk.com/i...a&Itemid=110&catid=2&id=49&lang=en&view=topic
...
Daily traded price or Spot + 22% premium on Physical Silver Eagles but it didn't end there, they would then add 23% VAT ( Value added Tax ) on top of that and insured delivery of your metal would cost you an extra €1 per 1oz coin on top of that, so €500 ( $668 / £422 ) on a monster box just for delivery. Vat rates & Premiums differ from country to country in Europe so you better do your homework before you buy. Gold's premiums are nowhere near as high and there is no vat on Gold in European countries, charges averaging around 5/6% over spot. But why are they trying to keep phyzz Silver out of peoples reach....
I'm not sure if I can cut and paste the whole interview due to copyright, so here's the link:
http://www.buysilverbullionuk.com/i...a&Itemid=110&catid=2&id=49&lang=en&view=topic