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Gold prices have been on a tear, with bullion prices ripping upward since the outbreak of war in the Middle East late last year. While mining stocks have gone up as well, physical gold has been leaving them in the dust:
On July 1, a Virginia law extending and expanding a sales tax exemption on the sale of gold and silver bullion and coins went into effect. Ending the sales tax will relieve some of the tax burdens on investors, and take a step toward treating precious metal bullions as money instead of a commodity.
A bill introduced in the US House would eliminate capital gains taxes on gold and silver bullion. Rep. Alex Mooney (R-W.Va.) introduced HR6790 on Sept. 12. Titled the Monetary Metals Tax Neutrality Act of 2018, the legislation would amend the IRS code to exempt the sale of “refined gold or silver bullion, coins, bars, rounds, or […]
Tuesday marked the 167th anniversary of the discovery of gold in Ballarat, Victoria, Australia. Since then, the Aussies have become the second largest gold producing country in the world. But analysts project gold output in the Land Down Under, along with several other key countries, could slump to “generational lows” in the midterm.
Not too long ago, my wife came home with two big flats of Powerade. We didn’t need Powerade. We had plenty. And yet I praised her for her shopping prowess. Why? Because she got the stuff dirt cheap and we’re going to need more Powerade down the road. Smart shoppers look for bargains. And right now, […]
When you first venture out to purchase your gold or silver the choices will be plentiful and so will the advice. You’ll face the options like: squares or circles, shiny or dull, and government issued or good ol’ minted bullion. It can become overwhelming and even confusing deciding whether junk or .999 rounds are the […]
