Dear Bryan,
Your wish is my command. I am, alas, not an expert in currency and
fiscal questions. All I can say concerning this matter is the result
of my common sense. And this means that I can not add anything
interesting or advantageous to what I already said in the comment
above. I will, hovewer, post it here once more as an answer
(otherwise, the space would look terribly empty), with some additions
at the end:
All I can give you in this case is my personal, highly subjective
opinion. I would not invest in gold coins. The reason for that is that
the value of gold is subject to fluctuations. You might avoid the
enormous VAT, but in the end you might loose more money due to a
falling gold price than you have saved before. Of course, if the coin
is regular currency, you will always have the imprinted value. But
that can be, in the worst case, far less than the gold price you
originally bought the coin for.
As I said, this is only my personal perspective. However, if you are
not afraid of rather speculating than investing, buying gold coins
might be exactly the right thing for you. You just have to be a
dreadnaught (not a battleship, of course...) willing to take the risk.
The value of a gold coin as a collector's item might become far
greater than the value imprinted or even the gold value, that is
absolutely right. Of course, there is no guarantee that a coin will
ever have a collector's value. South African Krügerrands are minted in
relatively large numbers, so they are not very likely to become rare.
On the other hand, the new German 100-Euro gold coins are issued in
small numbers of 100,000 to 500,000 pieces only. But you never know
what collectors will go crazy for one day in advance. It's a gamble.
Have a nice day,
Scriptor |
