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Greek friends say no. Much better private storage facilities.

Sure! And one of the two traders is wrong. One makes money an the other is at loss. It would be interesting to know if there is a class of traders that sits generally on the pretty side of the trade. Actually, much more than knowing about the aggregates, it would be interesting to know the...

Focusing on the type of position of a particular class of future traders would make sense if it is believed that that particular class of traders has insights on future price movements or has the capability to influence those movements, right?

I think that your definition of money diverges a bit too much from the definition of the FED. For the FED, traveler's checks are part of the M1 money supply (i.e. Equivalent to FED notes) but you cannot use them to trade with the general public without mid-way conversion.

You can't with the SDR either, and that's a currency. Edit: except for the definition of Wikipedia: The XDR is not a currency per se. They instead represent a claim to currency held by IMF member countries for which they may be exchanged. But for the ECB balance sheet they go together.

It looks like for the ECB gold is definitely not a currency, but it sits there in pretty good company with its "foreign" friends.... https://www.ecb.europa.eu/press/pr/wfs/html/wfs-userguide.en.html 2.2 Composition of the main balance sheet items in the weekly financial statement commentary...

https://www.ecb.europa.eu/press/pr/date/2014/html/pr140519.en.html 19 May 2014 The European Central Bank, the Nationale Bank van Belgi/Banque Nationale de Belgique, the Deutsche Bundesbank, Eesti Pank, the Central Bank of Ireland, the Bank of Greece, the Banco de Espaa, the Banque de France...

No worries. The government will be glad to introduce a nice import duty with the honorable goal to protect local business.

Interesting... Then it looks like we have a situation similar to Germany, where silver coins have a different treatment than silver bars in terms of GST, only that here the different treatment is on import duty. Then I would be curious to know what they mean by: "if not purchased recently...

That's right. Big multinational companies are much more powerful than individual countries. And wait until the TTIP and similar craps become fully operational!

In theory yes. But then you lose the anonymity of your metal holdings and the government can tax you for capital gain or the profits from your sales will need to be declared as additional yearly income. If you just want to leave metals to your kids when you die they might be hit by an...

yes, that is what happens in countries where GST/VAT on silver applies. And this is also what happens in Australia when you buy Kruggerrands and Gold Eagles. GST is a tax on the end purchaser.

there shouldn't be any difference for end users selling back to dealers. If you are not considered a business (i.e. you sell less than a certain volume) you don't have to be GST registered.

Uh? My take is that they don't understand the question, and even less their answer. Just point them to the page of the tariff book I posted before. There is no tariff duty whatsoever for silver 99.9% or better. And if you take with you less than 10k NZD worth of silver (which is more than your...

Yes, so far only 1oz eagle fakes have been seen around. There are technical problems with tungsten in small coins, so you should be safe with 1/4oz.

Right! and with all that newly printed cash in hand, what could the Chinese do? mmmmmmhhh let me think... maybe buy USA assets? Nice!

http://www.customs.govt.nz/news/resources/tariff/theworkingtariffdocument/Documents/Section%20XIV.pdf Gold with purity of at least 99.5% and silver of at least 99.9% are exempt from duty (check 71.06 and 71.08 in the linked doc)

They all are 1oz of gold. Purity matters only in some countries due to initial sale subject to VAT/GST and for import customs tax duty. IMO buffaloes are nicer than eagles and tungsten eagles have been seen around, so I would rather buy buffaloes if the price is the same. Krugerrands and Eagles...

"Taken" meaning by you personally? I regularly buy from Australia and I've been never hit by any tax or surcharge, although the content is clearly declared as pure bullion.

Is the queen sniffing a brown hole?