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Silver Watchdog
Russia has passed some sweeping reforms in precious metals over the past two weeks. The latest being that banks no longer require a second license to transact in precious metals, meaning all banks can trade PMs now.
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Grey grey Dec 2
Replying to @Silver_Watchdog
You always have interesting tweets. What do you think the implications are?
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Silver Watchdog Dec 2
Replying to @Silver_Watchdog
Another reform (pending) is VAT on PMs: Deputy FM Alexei Moiseev has proposed a reimbursement scheme: customer buys gold at spot $ + VAT — then can receive VAT reimbursement when sold back to the bank w proof of purchase. If the price is higher VAT is only paid on the difference.
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NeoCash Radio Dec 2
Replying to @Silver_Watchdog
Do you have any news links for this? We want to read more but can't find anything. Thanks!
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NeoCash Radio Dec 3
Replying to @Silver_Watchdog
Any help?
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Frank Knopers Dec 3
I would like to know more about this as well... Very interesting and it sounds like a logical development to me!
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Silver Watchdog Dec 3
Russian newswires
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NeoCash Radio Dec 16
Thanks much for the help. We mentioned you on the podcast and linked back to this conversation for our listeners: Cheers!
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