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.
