Frankfurt’s gold market thrives under Europe’s tax-friendly precious metal rules
Frankfurt is home to one of Europe's finest gold coin stores, known for its outstanding service. The city's reputation in precious metals extends beyond gold, as Germany maintains some of the most favourable VAT conditions for investors. While gold enjoys tax exemptions across the EU, silver buyers face a more complex landscape with varying rates and loopholes.
In the European Union, investment-grade gold bullion and certain approved coins are free from VAT. This exemption applies to products like the Austrian Philharmonic coins, produced by Münze Österreich. Though these coins avoid VAT in most EU countries, Austria itself imposes a 20% tax on them.
Silver, however, does not receive the same treatment. Across the EU, VAT rates differ, with Germany charging 19%—one of the lowest in the bloc. Switzerland offers an even better deal at 7.7%, the lowest on the continent. For those seeking full VAT exemption on silver, Norway provides an option—but only for coins. Bars, along with gold purchases, still carry a 25% VAT in the country. Germany’s approach to precious metals stands out in another way. Unlike some European neighbours, the country treats gold and silver as legitimate financial assets rather than outdated relics. Buyers in German-speaking regions also tend to prefer a more discreet, private purchasing experience.
For gold investors, Frankfurt’s top-tier stores and the EU’s VAT exemption make buying straightforward. Silver buyers, though, must navigate a patchwork of rules—from Norway’s coin exemption to Switzerland’s reduced rates. The differences highlight how tax policies shape where and how Europeans invest in precious metals.
