The hike in VAT to 19% targeting collectors that will apply to silver coins is a bit convoluted yet, but so far it appears that buyer’s purchasing from German auctions and living in Germany will have to pay that tax. There is a lot of negotiating still going on at moment so we’ll see once auctions commence next year. This is reflecting the trend of DEFLATION as government hunt down wealth and cause it to hide. Italian collectors have all but vanished from auctions in Europe be it art, stamps, coins, or cars and wine. France will not allow bullion dealers to buy or sell even gold for cash. ATM Machines even in Switzerland last year handed out 1,000SFr. This year 500SFr. France and Italy were €200 last year and are now down to €150. This is all part of the REAL CONSPIRACY to eliminate cash and force everyone into electronic cash so they get 100% taxation. Anyone who thinks these people will return to a gold standard or print money like Germany did in the 1920s, had better open their eyes. Mature governments, ALWAYS AND WITHOUT EXCEPTION, attack the people and destroy their own economy. All such empires, nations, and city states have ALWAYS died by their own hand – economic suicide. They tax everything that moves and thus reduce the velocity of money causing people to hoard and invest less. This is why liquidity is still down by 50% from 2007 levels. They are desperate to sustain their power and will never hand anything back. This is why they historically force revolution.
Posted on: Sun, 27 Oct 2013 09:38:55 +0000
Trending Topics
Recently Viewed Topics
© 2015