Cryptocurrency Q&A
Why is gold so cheap in Switzerland?
Why is gold so cheap in Switzerland?
CryptoMercenary
Thu Nov 14 2024
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5 answers
995
I'm really puzzled. In Switzerland, I noticed that the price of gold is significantly lower compared to other countries. Could it be due to their economic policies or maybe the high demand for gold in the region? I'm just wondering why gold is so cheap in Switzerland.
5 answers
GwanghwamunGuardianAngel
Fri Nov 15 2024
They must be minted by a government mint to qualify for the tax exemption.
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GyeongjuGloryDaysFestival
Fri Nov 15 2024
In Switzerland, the taxation of gold differs significantly from other precious metals.
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Nicolo
Fri Nov 15 2024
Unlike palladium, platinum, and silver, gold bullion is not liable to Swiss value-added tax (VAT).
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SsamziegangSerenadeMelodyHarmony
Fri Nov 15 2024
This exemption applies specifically to gold bars that possess a fineness of 995 or higher.
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PhoenixRising
Fri Nov 15 2024
Gold coins, on the other hand, must meet a different criterion to be VAT-exempt.
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