@DanDoDan But it doesn't say anything about warranty Bro. So yes, I hope we are all right, but there is no certainty. The tax office may see it completely differently.
I have checked the product documents (KID, prospectus, terms): There is no option for private investors to have the precious metals delivered.
That is the crucial difference.
Consequence:
- Without delivery claim → no private sale transaction - Therefore no 1-year holding period - Product falls under § 20 EStG (investment income) → withholding tax
