3D·

Gold ETC Austria or grandpa's coins?

Hello,

I am looking for a gold ETC that is suitable for Austrian investors. Which one can you recommend? I have read through a few posts and here the $EWG2 (+0,97%) is often recommended, but it is more tax-optimized for investors based in Germany or has the advantage of shipping.

What would be fiscally advantageous for Austrians?

Physical gold is out of the question due to the storage. But if it is the only way to profit as much as possible, I would be happy to receive a specific coin or similar recommendation. Because I have already looked at the Vienna Philharmonic and seen that in principle you always pay a premium of around €30 compared to the material value and that would be like paying a €30 order fee for ETF savings plans, so not so good.

The gold dealer advised me not to buy Ögusa gold bars, as they are supposedly only recognized by Ögusa by their number and I also saw that the spread between selling and buying is very wide.

8 Comentários

TomTurboInvest@TomTurboInvest

In Austria, only physical gold is tax-privileged. You pay the 27.5% capital gains tax on all ETCs

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Fl_ow@Fl_ow

You can set up a savings plan with Münze Österreich and when your value is reached, it will be converted into the product and you can theoretically store it there. Unfortunately I don't know the costs.

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Tan@Chuando

Can you recommend specific coins? Is it perhaps worth acquiring them while traveling abroad?
@TomTurboInvest

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TomTurboInvest@TomTurboInvest

@Chuando if you want Austrian coins, then the Philharmonic is the most prominent coin anyway.
I have small gold bars, for example, so I would only look for a small premium. I can't understand the wholesaler's statement about Ögussa, I would give this dealer a wide berth 😅

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sodium@TomCOR

Bitpanda Metals: no taxes as with physical gold (because physically deposited in Switzerland) and fees when buying 0.5% when selling 1%, of course without guarantee, but take a look. I have no desire to have physical gold at home with all the Pappenheimers out there 🤣

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Kai@Dividenden-Sammler

I think you will get the best value from buying bars in Austria when it comes to the premium on the gold price. With coins you will generally always pay a higher premium because of the production/coinage costs - sometimes more, sometimes less. Bars are simply cheaper.

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#TechNerd1337@TechNerd1337

or $4GLD here you can have the gold delivered when you sell it and thus no KeSt

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NichtRelevant@NichtRelevant

11H

I think you have to differentiate between buying gold to either

1) to speculate on a significant increase in value that performs similarly to equities or other asset classes.

or

2) builds up a position to protect itself (at least to a certain extent) against fundamental distortions in the market (currency turbulence, war, financial crisis).

In the latter case, you should definitely have physical gold in order to have secure access to it in the event of a crisis.

In the former case, it is easier to use securities constructs, as they involve lower transaction costs and are easier to handle.

The price of gold is extremely high at the moment. I don't know if it's the ideal time to get in. A lot will depend on global politics and the behavior of the central banks. That's the famous looking into the crystal ball.

If gold is bought physically, I would choose one of the classic bullion coins. These are the MapleLeaf (Canada), American Eagle (USA), Krugerrand (South Africa) and the aforementioned Vienna Philharmonic (Austria).
Other gold coins are rather exotic and often comparatively expensive - I would tend not to take them.

If you got a few gold ducats or crowns from your grandfather - keep them, of course. Austria has a long tradition of minting (gold) coins.

Greetings to beautiful Austria. 👍🙂

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