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Are taxes applied to purchases of platinum bullion in Holland?

I would like to invest in platinum but I do not know how to go about this as there is a large tax on platinum purchases in the UK. I am travelling to Amsterdam soon and so wondered if there is a similar tax there or if I could buy in amsterdam to avoid the tax.

VAT in the Netherlands is levied at 19%. There is nothing in the VAT rules that would exempt bullion from the tax. Unless you are having it delivered outside of the EU, the VAT will apply.

2008-04-13 04:39:50 by Paul H | Posted in Other - Taxes

What about gold/silver and platinum bullion-is it going to fall soon and how wise is the buy?

I'd like to put about 20% of my savings into this venture. 50% of the rest is in a 5.65% CD and the balance is in cash. No debts.

i disagree with the previous respondents.

you may possibly make money in mutual funds, but you're basically yielding control of your money to someone whom you have to trust knows better how to invest than you do. and with most stock valuations still sky high relative to income, you'd be better off going for the 5-6% sure thing in the non-CD FDIC-insured deposit accounts some internet and brick-and-mortar banks are offering. (i don't think even a 3-mo CD is worth the time if the spread between that and a current deposit account is currently so small...) i certainly wouldn't risk buying a stock for a dividend way less than 5% when i can get 5% "for free", so to speak...

as for gold/silver/etc. not paying a dividend, this is entirely true, but so what? people buy many other things that produce neither income nor profit until it's sold; "growth" stocks and real estate come to mind. the problem we face at this particular point in history is that the us government is "printing" money faster and faster than you can earn or spend it; to pay for things like the war in iraq, increasing social entitlements and interest payments to foreign creditors. when you increase the money supply so drastically, everything gets more and more expensive and your dollar's value whittles away to its intrinsic value, which is nothing. the us dollar used to be "as good as gold", when it was under the gold standard before 1971.

gold has always been regarded as the ultimate store of value in almost every culture and time. an ounce of gold bought around 300 loaves of bread 2000 years ago, and pretty much still does today. the dollar price of gold may and will indeed fluctuate, and wildly at times, but when you are looking at the intermediate to long term, gold is a good bet, and is still way undervalued at $725+/oz. today. don't try to time the dips; it's worth buying any way it goes. if it does happen to "crash" to $400, let's say, just buy more. the argument that gold has a long way to go lie in china and india ascendant in the 21st century. as they get richer and their currencies strengthen, luxury items including gold will actually become cheaper for them, and they will correspondingly buy more.

as for silver, it comes a close second as a store of value, but it also has other things going for it. silver also has industrial uses and will, if it hasn't already, be in a supply deficit. it's used in electronics, and there may be increased use as a bactericide and water purifier as the world's clean water supply is increasingly stressed (you might also want to invest in clean water suppliers!). and it's still incredibly cheap at $13/oz. i believe that even Warren Buffett still has a huge silver stockpile!

in any case, i would put at least 10% of your money into gold/silver; if you're comfortable with 20%, go for it, and then not even think about it. think of that 10-20% as your "wealth insurance".

if you are considering "paper" investments, then look into foreign issues. maybe open accounts in various foreign currencies. a good mining company stock will take off if/when gold/silver go through the roof.

right now, the "gold people" are still not mainstream, but i think it's important to study what they have to say about the world economy. first on my list is Jim Rogers, who is not so much into gold as he is into commodites, but they are both still tangible things. he says: "buy stuff". second is Peter Schiff "Dr. Doom". he has his own investment company, see below. he says: "invest outside america". also worthwhile: the Sovereign Society, The Daily Reckoning, and The Rude Awakening.

good luck!!!

2007-09-18 19:45:08 by wlstephenson3 | Posted in Investing

What do you think about investing in one ounce Platinum bullion bars or platinum coins?

I will wait and see before I buy platinum.

The Platinum price has gone up because South Africa (Largest Platinum producer) has had power outages as of late. This got all the speculators into the market. If oil is anything to go by then 30% of the current price will be speculators running the price up.

News out of South Africa indicates that electricity will be re-instated within the next few days, allowing the mines to return to production. If this is the case I am not to sure that the price will hold at the current levels.

There is talk of economic resession, if this is indeed accurate then the number of new vehicle sales (and then production) should start going down again.

Platinum is used for catalitic convertors on vehicles. So my view is that there will be a decrease in platinum demand filtering through, so watch new vehicle sales before investing hard cash.

These are my thoughts, but should not be used to guide your investment decisions request specialised advise on these topics.

2008-02-16 08:50:30 by dacaria1 | Posted in Investing

gold or platinum bullion ; Should I purchase them and place into safety deposit box?

Is that better than a CD? Is it more recession or depression proof? Will the US dollar become totally worthless, even if a person has millions in cash?

The people who warn you that you would be buying at the top of the market don't know how high it will go. Do you have a safe at home?
Safety deposit boxes are fine, but if the bank is closed, or the government decides to confiscate all gold, you are stuck.

The value of platinum, gold & silver can go up and down, but they will never be as worthless as the dollar.

Grandpa

2008-09-17 21:01:07 by luv2bfit | Posted in Investing

difference between collector's platinum coins and bullion?

what's the difference between the investment bullion platinum coins and the proof/uncirculated coins?
what differences are there?
i'm talking about the difference between the collector's version and the internationally used bullion form. I know they're both made by the US government

Proof coins are struck slightly deeper and have shiny or matte surfaces different from the regular issues as well as a much smaller mintage (number of coins struck). For this reason, they command a premium over the usual
10% markup over melt value of the metal itself in regular government-issued bullion coins. The link below will show you the spot value of the five most comon precious metals. If you're thinking about buying any, it's usually best to go to a local reputable (in business a long time) coin dealer so you can see the coin and feel the weight of what you are buying. Good Luck!

2007-09-01 13:55:17 by rman2134 | Posted in Investing

Were can you buy gold and platinum bullion coins in the uk ?

Ask your local coin collector.

2008-10-02 00:43:03 by jack w | Posted in Other - Business & Finance

how would i know if the platinum metal bullion which weighs 1 kilo i am buying is genuine and not fake?

Check it's density. Measure volume and weigth and divide the two.
If you're close to 21.4 kilograms/liter it's platinum.

2006-08-25 02:45:47 by Dan | Posted in Investing