[keltex]

When you say "VAT" I assume your are in Europe? Aren't there ETFs in Europe that allow you to own gold that wouldn't required VAT payments?

In the US we have GLD and others that let you do this.

Also apparently in Europe and the UK there are "investment gold" coins that are exempt from VAT:

https://op.europa.eu/en/publication-detail/-/publication/932...

https://www.gov.uk/guidance/investment-gold-coins-and-vat-no...