How Bosnia screws its citizens | Forum

#1

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So recently I was considering buying more of silver coins. However, I noticed something weird. Those old silver coins were selling at what was their global market value, that was fine. However, new silver coins with 999 purity were selling considerably above global market value. Apparently, Bosnia is one of rare countries which has tax on both silver and gold. This makes investments in silver and gold considerably difficult because local shops have huge price difference when buying and when selling same amount of gold. 1 ounce of 999 silver coin costs around 130$ in Bosnia. Keep in mind that global average is around 70$ to 80$ for that same coin. This means that price of that same coin in Bosnia is almost 2x larger than almost anywhere else. For this reason, I am forced to buy older silver coins because those are at least at global market value. But silver coins of 999 purity are simply not worth of buying because I am paying 90% above global market price. So if government ever decides to abolish tax on these silver coins, their price will drop and they lose a lot of value.

#2

@SatanLucy

That is one way governments discourage coin collection so people will move up to the dollar.

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#3

@Debby

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#4

@SatanLucy

But bitcoin. It’s value is going up.

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#5

@Debby

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#6

@SatanLucy

It is bouncing back.

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#7

@Debby

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#8

@SatanLucy

1 million would be a tall claim even for bitcoin.

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#9

I wonder what goods are worth it,

To travel to another country to buy them, or have them mailed.

Though one must be careful with either method,

Can be illegal.

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#10

@Leaning

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#11

@SatanLucy

With Trump’s tariffs everything has gone more expensive.

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#12

@Debby

Debby wrote:

1 million would be a tall claim even for bitcoin.

Which is best Debs, a tall claim or a shorter fatter one?

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#13

@SergeantLynch

Both would be tall claims.

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#14

@Debby

Yes, they might both be a big disappointment.

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#15

@SergeantLynch

They might need someone else to compensate for their size.

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