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POSTED ON September 21, 2018  - POSTED IN Key Gold Headlines

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 ingots which are valued primarily based on their metal content and not their form,” from capital gains taxes.

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