VAT-exemption for investment silver sign now

We, the residents of the European Union are turning to the European Commission to ask it to remove the value-added tax (VAT) from investment silver bought by individuals. Investment gold is under certain conditions exempt of VAT for individuals who are willing to invest in gold, but silver is not. At the moment only companies may trade investment silver without paying VAT. Jewellery and silverware are not considered as investment silver. Bullion bars and coins having great fineness (usually over 95\% of their weight) are traded for the value of their metal content.

Private ownership of tangible assets like gold and silver is one of the oldest forms of investment and it is also the most safest way to invest money, since they are in physical form and can be controlled by their owners all the time. They are also virtually indestructible unlike stocks or shares which are mainly traded now in digital form. Unlike bank accounts or currencies, central banks can not manipulate the prices of gold and silver, which makes them effective barrier against inflation. We are not asking the possible profits of sales of silver to be free of tax, but when a private person in buying silver, he/she should have right to do that without having to pay VAT, which can be over twenty percent.

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Priscilla EllisBy:
SustainabilityIn:
Petition target:
European Commission

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