Many of us are really not aware which type of gold there exist and what exactly does Tavex buy and sell. It happens quite often that we receive inquiries with a question what is investment gold. We try to provide with clarification below. It is actually a legal term in EU. If gold items meet the criteria enacted in the law, then as a general rule these products are not subject to VAT. This means that trading this type of gold is more attractive to consumers. In EU investment gold can be a bar or a coin. For a gold bar to qualify as investment gold, it must have a very high purity (99.9%). For gold coins the purity threshold is lower. Gold coin must be as a minimum with 90% purity.
The EU VAT directive is implemented into the domestic legislation in all member states, herein the Hungarian VAT law.
You can read more about the purity of gold bars and coins HERE. Please do not hesitate to call or write us if you have more questions about our products, herein their purity. You can find information about each product’s purity on the product page. You should click on “Details” tab for this data to appear.