Buying Gold and Silver in Israel
Israel is a Middle East country which lies on the southern shore of the Mediterranean Sea and the northern shore of the Red Sea. Its capital is Jerusalem and its neighbors are Lebanon to the north, Syria to the northeast, Jordan on the east, and Egypt to the southwest. Although it is a relatively small country, it enjoys a diverse geography.
By global standards, Israel has a technologically advanced economy. On the UN’s Human Development Index from 2015, Israel ranks in the top 18 nations in the world and is placed in the “Very Highly Developed” category, having the highest ranking in the Middle East. Israel enjoys a high living standard which rivals with other western countries like Austria, Finland, and France.
The major contributors to the economy of Israel are high technology and industrial manufacturing. Israel’s diamond industry is also one of the largest since the country is a global center for diamond cutting and polishing. Israel offers a strong educational infrastructure which led to a major technological boom in the country. The Silicon Wadi in Israel is considered second to the Silicon Valley in California. Due to their reliable top-notch corporate personnel, a number of Israeli companies have been acquired by global corporations. Also, the impressive economic dynamism of Israel has encouraged some international business leaders like Bill Gates, Donald Trump, Warren Buffet, and Carlos Slim to invest heavily in several businesses in Israel.
Commodity & Futures Markets in Israel:
Tel Aviv Stock Exchange (TASE)
TASE is the only public stock exchange of Israel. The company plays an important role in the economy of Israel. About 544 companies are currently listed on TASE, out of which 56 companies are also listed on stock exchanges of other countries too. The trading in shares takes places on a computerized trading system from Sunday to Thursday and the timings are 9:00 am to 5:30 pm.
Coin Shows in Israel:
Coin collecting is a highly popular hobby prevalent around the world. You can witness the passion for it as more and more coin enthusiasts are traveling to different states and countries to attend famous national and international coin shows. Israel hosts a few great numismatic events which shall be attended by collectors and dealers from all around the globe. If you are planning to visit Israel soon, or if you want to see some coin shows outside the US, take a look at the most popular Israeli coin shows listed below.Kadman numismatic pavilion Eretz Israel Museum, Tel Aviv, 2, Haim Levanon Street, Tel Aviv 69975 +972 36415244
This is a permanent coin show at the Kadman Numismatic Pavilion which will feature coins from Greece, Persian period, Roman Empire, as well as from medieval times. Also, this event hosts temporary and permanent exhibits on war medals and several other items.
Government and Private Mints in Israel:Israel Coins and Medals Corporation (ICMC) PO Box 2040, 50 Bar Yehuda Road Nesher, Israel 36660 +972-4-8212807
The ICMC has been established by the Prime Minister Ben Gurion in 1958 to commemorate the historical events and milestones of the State of Israel. The ICMC also honors the outstanding personalities of Israel as well as various country’s achievements in culture, science, and art. This was a government-owned corporation until 2008 when it has been privatized. ICMC is the only worldwide distributor for collector coins that are issued by the Bank of Israel. It also reserves the Government's sole rights to issue State medals of Israel. ICMC produces gold of 999.9 purity for investment and gifting purposes, too. Apart from coins and medals, the company also manufactures exclusive fine designer jewelry in gold and sterling silver.
Tax on Precious Metals and Shipping to rates in Israel:
Israel views gold and silver as a commodity which has no monetary or investment value. Israeli Customs applies three taxes: the Customs tax (0% for gold/silver), the Purchase tax (0% for gold/silver) and the VAT tax (17% as of October 1, 2015). Therefore the bullion sales tax in Israel is currently equal to the VAT tax. A person has to declare all precious metals he/she has upon landing at the Israel Airport. Even if it is a single gold coin, it has to be declared, and the customs will charge the prevailing VAT on the gold and silver content of the bars or coins.
Since we are not tax experts, Bullion Exchanges strongly advises you to cross check with a tax professional before making any precious metals investments in Israel.
Local Gold and Silver Dealers in Israel:1. The Holy Land Mint, ICMC-Israel Coins and Medals Corp. Address: P.O. Box 2040, 50 Bar Yehuda Road, Nesher, 36680 Israel Phone number +972-4-821-2807, Ext. 258; +972-4-821-2807, Ext, 202 Hours of Operation: Sun to Thu 9 am to 6 pm Services: Wholesale and Retail. Specialties: Gold Coins, Commemoratives, Modern Coins, Tokens/Medals, World Coins, Bullion Coins, and Ancient Coins.
Smelters & Refineries in Israel:
Smelters extract various metals from the ore and create refined precious metals products. Silver and gold smelting is typically conducted by a professional precious metals refinery, such as Bullion Exchanges. Israel also has a few plants where refining silver and gold are performed. Pick a gold or silver refinery listed below or allow us to help you in melting gold or silver for you:Summit Gold Refinery Services, Inc. 2 Yunitzman, Country Club 104, Tel Aviv, - 69360, Israel