8Mon·

Silver / Silver ETC - similar to Euwax Gold II - tax-free after 12M holding period

Service post stolen from a FB group:

If you are looking for a silver investment and want to enjoy the same benefits as gold with a holding period of 12 months tax-free, you should take a look at the ETC from WisdomTree. This has been around for a few months and offers physical delivery.

$WSIL (+1.9%)

TER: 0.19%

A4AE1X

JE00BQRFDY49

- Whoop whoop, silver and gold in the portfolio! 🎉

5 Comments

Alex@Divy

8Mon

Unfortunately, unlike gold, the purchase of silver is, as far as I know, subject to 19% VAT...

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Anderlé MPoint@Anderle

8Mon

Top, I've been looking for this for a while ✌🏻

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Deleted User

8Mon

Comment was deleted

Stefan@InvestmentPapa

8Mon

@Michael-official 🆘 No, not interesting for me. 1. ETCs in silver also cost their 0.4% TER per year. 2. exchange rate risk, as the ETCs are quoted in USD. I don't want that at all with silver. 3. silver is really only worth a physical investment for me, if at all - over a really long investment horizon. 4. and last but not least, the most important point: actual implementation and recognition by the tax authorities. I consider the interpretation of this regulation regarding the investment of silver in ETC = tax exemption after one year because it is a "private sale transaction" to be urgently verifiable or speculative. In the event of an actual delivery, I almost guarantee that the tax will be paid in full! In this case, the ETC is nothing more than a free warehouse in Switzerland. Accordingly, the tax advantage arises ONLY (and exclusively) if the silver does not even come into the physical possession of the investor. And as a pure paper silver, I am naturally a skeptic.

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Stefan@InvestmentPapa

8Mon

@Michael-official Incidentally, WisdomTree also only describes this strategy "according to their understanding". Other investment prospectuses also do this in certain constellations, but not to the same extent. Incidentally, I have not found any reference to this in the Federal Gazette and this is a clear warning for me.

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