Frequently Asked Questions

FAQ Gold & Silver bullion

Frecuently Asked Questions

Investment gold is the legal qualification of gold and silver products that meets certain established requirements of purity, format and weight. There are two categories: coins and ingots. For coins, the purity of gold should be 22 carats or more, and for ingots, at least 995 thousandths. Gold investment products are exempt from VAT.

Investment silver follows similar requirements but in Spain it is subject to 21% VAT.

Is better Gold or Silver Bullion?

In general it is best to diversify, buy both, gold and silver. But it is true that it depends on the amount of money you will consider investing.

If the figure is very large, most will be in gold for a matter of weight, for example: 1 million euros is equivalent to something less than 30 kilos of gold, but the same amount of money in silver would weigh more than 2000 kilograms.

If the figure is small, for example someone who saves 50 euros per month, it is more reasonable to buy 2 ounces of silver than 1 gram of gold, even if the VAT is paid on the silver, since the piece of gold is so small. Price per gram is more expensive, even more than 21% of the VAT on silver.

Gold is a much bigger market than silver. That is the reason why silver is more volatile, with increases and decreases in prices more accentuated than in gold, but it has more potential to rise in price because the silver inventory produced in the mines is being consumed at an increasing rate in new industrial uses: renewable energies, electronic devices, etc.

Bullion coins or bars? Which are better?

The intrinsic value of gold and silver is in the amount of metal, its weight.

Up to an ounce of weight the rule is that, with equal weight, coins are somewhat cheaper than bullion, and that for products with more value the bullion is cheaper.

The cause is the difference in the manufacturing processes of coins and ingots. While the ingots have to be machined or stamped with a different serial number in each unit, the coins are exact replicas of a single mold, which greatly simplifies the manufacturing process.

Is gold profitable?

Gold is not an investment to the spindle. It does not produce income or pay dividends.

Gold is an insurance against the inevitable: the destruction of the value of legal tender money.

Since 1913 when the Federal Reserve Bank was created in the United States, the dollar has lost 98% of its value against gold. In the next 5 to 10 years, it will lose a good part of its current value. At the same time all the fiduciary currencies of the world.

Is it better to buy gold and silver in large or small products?

There is no one way that is the best: everyone has to decide which is their best option.

For this, we must take into account some factors: The greater the more economic products of price in relation to their weight, their price per gram is lower.

The lower the products the easier its sale or use as a method of payment.

In each country the legislation to control the movements of money is reducing the limit figure that can be operated without banking control. Currently in Spain are 2500 euros. An ingot of 50 grams of gold that today can cost something less than 2000 euros, can easily exceed 2500 euros in the next 12 months. If we need that facility to sell the gold in the future then smaller pieces would be more appropriate, for example 10 or 20 grams.

What is the difference between value and price?

The value of gold has not changed throughout history, what changes is its price, its price.

The reason is that the price of gold is set in dollars, which is a fiduciary currency, in markets dominated by a small number of banking giants.

Fiduciary currencies (the usual ones of legal tender) are created at will, without material cost: it costs the same to create 1 million than 1,000 million, it is an order on a computer keyboard.

The value of the fiduciary currencies is disconnected from the reality of the economy, it is totally apparent.

The price allows to compare the value of goods for trade. Thus we can evaluate if a good is expensive or cheap, comparing with other goods that can be purchased for the same price.

The price is fixed mainly in London and in New York, in dollars. They are mainly financial markets, that is, only 2% of transactions involve the physical delivery of gold.

Why are there price differences between products of equal weight?

Each manufacturer has its own price list of its products. The transport and logistics costs, as well as the commercial margins of wholesalers and retailers account for these price differences.

But with equal weight, although the price is different, the value is the same.

Do I have to pay taxes for my gold in Spain?

Gold is free of VAT upon purchase.

For sale you have to declare as capital income income the goodwill, sale price less purchase price.

If the purchases of gold in a store does not exceed 3005 euros in the fiscal year, the Treasury has no record.

What can the Treasury demand of my gold?

If the purchases of gold in a store do not exceed 3,005 euros in the fiscal year (per person), the Treasury has no record.

For the rest, the purchase of gold is like the purchase of any other material good: it can be shared among the children, it can be donated, lost, lost, etc. So one can declare it, or not, as heritage: it is not obligated.

What is the best way to store bullion or gold coins?

The most important for the safety of your gold are two factors:

1 - Have direct access to gold, without intermediaries.

2 - Nobody knows that you have it, except one or two people of absolute trust (close family, father, brother, etc.)

As for the storage itself, we must know that gold is indestructible. The usual thing is to have a fixed safe to the floor or the wall in the own domicile, but in case of not having it it can be kept hidden in any place.

Can I give my gold without explanations?

Yes.

You can also use it to pay debts, to distribute it among the children, for whatever you want, without giving explanations.

Do the prices include taxes?

Gold is not subject to VAT, and silver already carries VAT included in the price shown.

The only thing that should be added is the cost of transporting the order if it has to be sent. If you come to pick up the order to our store in Valencia the prices are final.

The order must have been paid in full to be able to withdraw the merchandise.

Settings

Menu