VAT Free Gold
It is now commonplace for gold bullion to be free of VAT and this came into force in the European Union in 2000. There were many incidents of VAT fraud and false accounting so the tax was removed.
While Jersey has introduced a sales tax that encompasses precious metals, Guernsey has avoided this approach. The added benefit for Guernsey is that buying silver and platinum is VAT free whereas these metals attract VAT in other jurisdictions. Buying and storing silver and platinum in Guernsey allows for a greater proportion to be invested which would otherwise have been spent on VAT.