How To Buy Tax Free Silver


In most countries silver is VAT levied or tax levied. This is not the case for gold, and has in silvers case to do with silvers use as an industrial metal. For bullion investors it means a great deal as the VAT on silver can be upwards of 30% AND many local dealers will be considerably more expensive AND offer you worse terms if you would like to sell your bullion.

In a recent check I did with one of the biggest bullion distributors in the United Kingdom the outcome was this: if you wanted to sell your bullion right after you bought it you would need a 150% increase in the price of that particular silver coin just to break even…. This check wasn’t even done in any particularly difficult market environment.

Thus, it makes sense to purchase silver bullion from locations which offers tax free silver. Two of these locations are Estonia and Singapore.

1. Buying tax free silver in Estonia and Singapore


Singapore doesn’t have any VAT on most bullion products since October 2012. In Estonia, silver coins which are legal tender are not levied with VAT/Sales tax.

2. Why you should buy tax free silver

Are you interested in learning more about why you should buy tax free silver bullion? Today it’s more relevant than ever to invest in silver bullion. Full details below.

how to buy tax free silver

The answer to the question how and why you should buy silver is both a historic, as well as a current one.

Silver has, together with gold, proven to be the best form of exchange, or money. During periods of stress, chaos and turmoil silver has managed to preserve and transfer wealth as well as protect purchasing power – for both the long and the short term. Silver have therefore been used as money throughout the ages and there are no reasons for why this shouldn’t be the case going forward.

Today, there are additional reasons for buying silver bullion and holding physical silver bullion as an asset. This is often forgotten as we’ve managed to increase our private and governmental spending for close to 40-years. If we’ve managed to become so rich, successful and prosperous then why would we need a barbaric relic such as silver at all? Unfortunately for us, this cycle of spending have to a large extent been funded by increasing amounts of debt.

So it really doesn’t matter that the stock market is rising or that housing prices are rising again. They are all equivalent to a house of cards – thinly built with no foundation that quickly can fall apart. It is completely natural that asset prices are rising, given the excess stimulus. But this won’t last forever.

how to buy tax free silver

The reasons for buying tax free silver today are as strong as ever. Below you’ll find a list of the most compelling reasons for owning silver bullion today.

1. Real interest rates are negative today


Interest rates are very low in most countries. Inflation rates are on the other hand high – higher than most governments would care to admit. This means that by holding your assets in cash, bonds or treasuries you are loosing money.

Owning silver comes with a storage cost since you have to pay for holding the metal somewhere. When the real rates are positive many people therefore find it more favourable to put their money elsewhere, but today they aren’t sacrificing any yield at all. The opportunity cost is highly favourable.

2. Money printing and stimulus


We are living in a world today where central bankers are printing money at will in huge stimulus efforts. By keeping interest rates low they are hoping to boost consumer spending and improve the economic climate. But tampering with economic cycles have never been a successful endeavour in the past. Ever since the gold standard was abandoned the debt levels have exploded in many countries and they are now at levels where we’ve never seen actual repayment. Japan is on a two year program to double their monetary base and the United States have increased their monetary base fourfold in the last ten years. This has already been positive for silver and will continue to be so as the excess capital causes inflation and loss of confidence in fiat currencies.

3. Increased central bank buying activity


Central banks around the world have for a long period of time been net sellers of gold. They haven’t actually been buyers since the 1970’s but since the financial crisis they have started to accumulate holdings of precious metals again. This is a longer term development which won’t change on a whim. When central banks are buying precious metals again they should continue to do so for some time. The buying is especially evident in many emerging market countries such as Russia, China and India – but other nations are also paying more attention to this. Germany is for example repatriating a lot of its holdings from the United States and all of its holdings from France.

4. Change of risk weightings in Basel III


There are suggested changes in regulations for banks in the Basel III framework, which may lead to a gold being considered a zero-percent risk weighted asset. This would mean that banks wouldn’t have to set aside any capital for holding gold as an asset. Should this become the case it would be very positive for gold – and there would be positive spill over effects on silver.

5. Ownership of silver

Business meeting

There is very little private and institutional ownership of silver as well as gold. For example, there are very few pension funds and other institutional investors that own precious metals. Often, both the private and institutional investors are so called “weak hands”, that quickly will exit the market in case of turmoil or volatility. On the other hand, they will quickly enter again, en masse, should the trend for precious metals be reversed. There is furthermore not a prevailing attitude that is positive for silver in a more mainstream sense. In advertising we are encouraged to sell our gold and silver for cheap prices. When this changes, which should be closer to the top in this bull market cycle, it will have a strong positive effect on prices.

6. The decline of the U.S. dollar


The United States dollar holds a premiere place among the worlds currencies as it is the worlds reserve currency. Much like many other fiat currencies it has decreased significantly in value over time. This is nothing unique as our modern fiat currencies aren’t backed by any assets. They are basically an IOU from the government – or today, more like IOU-nothing. Back in the days where currencies were backed by gold or when gold was used as money it wasn’t possible to significantly increase the monetary base, since gold can’t be manufactured out of thin air. That’s not the case with fiat currencies. Since 1774 the U.S. dollar has lost 96.4% of its value. The most significant change has been between 1981 and 2009 though when the dollar lost over half of its value. This development is a result of a significant increase in the monetary base. Ever since the financial crisis of 2008 this process has gone into over-drive. The Fed launched QE1, 2 and now Q3, adding 85 billion dollar to its balance sheet, every month. There is a growing lack of faith in the dollar, as evident by the increased use of other currencies for cross border transactions. Very recently Australia reduced its dollar reserves considerably and started conducting non-us dollar transactions with China. The Chinese have already signed agreements with most nations for transacting in renminbi instead of dollar. There are also serious discussions from Russia , China etc on replacing the dollar all together as the worlds reserve currency with a basket of currencies or a gold backed currency.

7. Budget deficits and debt


Many nations have already reached a debt-to –GDP level which exceeds the point where there’s ever been a full reduction – without a complete debasement and destruction of the currency. It’s not the wealthy, or poor for that matter which will suffer the most from this. It’s the middle class that will get wiped out. People who have saved their entire lives will see their savings eroded completely in value. Often, a 90% debt-to-GDP ratio is mentioned as a critical level. The US is well above that limit. Japans ratio is 220%…for government debt.

8. Currency wars


The central bankers around the world are hard at work to try to make their respective economies more competitive and attractive to foreign investors by reducing interest rates and printing money. Whenever we’ve seen this kind of competitive devaluation it’s always had disastrous consequences – in the form of an inflationary spike. When it comes to hedging yourself from hyperinflation, silver is one of the best assets that you can own.

9. Silver is a safe haven


Whenever we’ve seen crisis periods historically the price of silver has increased dramatically. This has to do with silver being a very good crisis hedge and that preserve value during periods of turmoil and high inflation. During these kinds of period’s precious metals tend to outperform most other asset classes. Today, the market doesn’t seem to have a care in the word – continuously reaching new highs. Don’t be fooled by this temporary asset price inflation. Eventually, the excess capital from all the stimulus plans will enter the economy in full force, pushing up inflation. When this happens you will be happy that you own silver bullion.

10. Supply constraints for silver


Silver is a scarce resource which can’t be manufactured at will. Supply is not increasing significantly and there are potential future issues which may limit supply significantly. Many precious metals miners have spent too much money on acquiring new mines and other acquisitions so their break even level is now below or very close to current price levels. This can create significant supply shortages as production ceases and companies file for bankruptcy. Environmental factors and increased regulation are other issues that may cause future problems. It can take anywhere from 5 to 10 years to bring a new mine into production so supply can rarely be increased at will. Reduced supply generally means higher prices.

11. Promotion of gold and silver ownership


In many emerging market countries there is a historical relationship to gold and silver. This ensures a stable and continuous demand for silver bullion and gold bullion. In China, ownership of gold is actively promoted. In India gold and silver also hold a special place. Once the trend of selling gold for cash in the west is reversed demand will increase significantly. The catalyst for this can be any of a number of factors, such as increased turmoil in the financial markets or simply increasing prices for precious metals – which typically tends to attract interest from retail buyers.

3. Where to buy tax free silver

If you are looking for the cheapest silver bullion then you need to buy it free of tax. Below you’ll find suggestions on the top choices for buying tax free silver.


Tax free silver in Estonia

Liberty Silver Estonia

Liberty Silver Estonia is based out of Estonia and has been operating since 2011. The company is run by the people behind and – both of which are the main bullion dealers in their respective locations, Singapore and Sweden. Liberty Silvers service is very good, with a wide range of products and effective delivery. Buy tax free silver and arrange for direct delivery to your home.

To place an order click here:

Tax free silver in Singapore Singapore

Bullionstar is the premier bullion dealer in Singapore. the company is owned by the people behind Sweden’s biggest bullion distributor; Liberty Silver Sweden whom also run Liberty Silver Estonia.’s service is very reliable and provides the option of local storage in Singapore which is great if you are looking to diversify internationally. Buy tax free silver directly from Singapore for local storage or delivery to your home.

To place an order click here:

Get 2 years of free local, high-secure, storage in Singapore with

Want to know what silver bullion to buy from BullionStar? Click here for more information: what silver bullion to buy


How to buy tax free silver video

Below you’ll find a video with some key facts on buying tax free silver bullion.


Tax free silver bullion from Estonia

Liberty Silver Estonia

Buy tax free silver from Liberty Silver Estonia – the premier bullion distributor in Estonia.

To place an order click here:

Tax free silver bullion from Singapore Singapore

Buy tax free silver from Singapore – the premier bullion distributor in Singapore.

To place an order click here:

Get 2 years of free local, high-secure, storage in Singapore with

Want to know what silver bullion to buy from BullionStar? Click here for more information: what silver bullion to buy


Read other posts

1. VAT Free Silver Bullion

2. Buy VAT Free UK Silver

3. How To Buy Tax Free Silver

4. Cheapest Silver Bullion

5. Buy Silver Bullion

6. What Silver Bullion Should I Buy

7. Buy Gold Bullion

Rate & review your bullion distributors


Click here to access our bullion review section.

Leave a Reply

Your email address will not be published. Required fields are marked *