Why Silver?
http://armstrongeconomics.com/2013/10/26/silver-subject-to-19-taxation-as-of-january-1st-2014/
I am sick and tired of the stupid things Armstrong says
He claims to be an American who knows about Europe and the world
He showed amply he does not know anything at all about coin collecting in the past
All his articles are full of spelling mistakes and halftruths
He wormed himself into the confidence of Uncle Jim posting for months
while he was still in jail and the leaving jim and saying exact the opposite about gold
Now from November on he wants to be paid for his nonsense
The last 48 hours he said two stupid and false things
First he said the tax in France is 75% above 1 million euro (true) and football players will stop to play in France (false) Truth is they are considering not playing for one single sunday as a token protest
Reality is that Depardieu who was Jeanvaljean in Les Miserables know got the Belgian and Russian nationality to avoid the tax and that for six months now
Super rich people are now flocking to other frenchspeaking places and Wallonia is one of those
On silver he is totally wrong. The law states silver is an industrial metal in all states be it coins or bars and subject to the local vat tax which is between 17 and 22% in all euro countries for as long as I can remember
On gold he is wrong too
There are qualifications for gold to be tax free and they differ between bars and coins
one of them is that the price of the item has to be below 170% of the goldvalue
another is that a coin has to be legal tender in the country of origin
I once was a fan of armstrong
Now I think he is just out to make a lot of fast bucks going paying service in novembre