I asked the guy at our local dealer - where they're selling 1oz Argor Heraeus SA for $979.49 (after conversion) and buying it back for $910.94! I asked the shop guy why the hell it's so different from the market price and he said he had no idea.. no special taxes from what he knows. He said it was the shipping, but that's bullshit since Switzerland can ship a hell of a lot cheaper to Czech Republic than to US.
If it _is_ VAT at 19%, than using an Apmex price of 1oz of around $882 + 19% = $1049.58 so that doesn't work either, even if they sold at spot.
I can't figure this one out, except that maybe gold is taxed at the 5% VAT rate AND this place is just more expensive than Apmex, which I think is a certainty since it's a specialty neumistics (spelling?) shop in the center of Prague.
Anyway, it's the only place in CZ I could find selling bullion... I'm a 4 hour train ride away from Austria, but any Google search for a place there turns up that stupid Austrian Philharmoic coin, and I can't search in German. I just wish Apmex would ship internationally. Sigh