Europeans Seem To Prefer Gold To Silver

[Smaulgld]

Sales of Austrian Gold Philharmonic coins have set an annual record in just nine months. While the U.S., Canadian and Perth Mints are experiencing record silver demand andshortages, Europe’s largest seller of gold coins is selling record amounts of gold.
Through September 30, 2015, the Austrian Mint has sold 850,700 ounces of gold Weiner Philharmoniker (Vienna Philharmonic) coins, surpassing the 2009 record of 835,700.

https://smaulgld.com/sales-of-austri...ns-set-record/

[Ronin Truth]

More value per pound.

[Smaulgld]

More value per pound.

but at a higher price per pound!

[Ronin Truth]

but at a higher price per pound!

In the wealth protection and portability biz, diamonds are even much better than either per pound.

[r3volution 3.0]

It's because silver's subject to the VAT and gold isn't.

[Smaulgld]

It's because silver's subject to the VAT and gold isn't.

Thanks someone from Europe pointed that out to me
that however was the case in 2011 too when they sold 3x as much as this year
I would think the VAT should be a major disincentive vs gold but it wasnt in the past