expiredZim1 posted Feb 18, 2024 01:49 AM
Item 1 of 2
Item 1 of 2
expiredZim1 posted Feb 18, 2024 01:49 AM
Costco Members: 1 Troy Ounce 2024 Canada Maple Leaf Gold Coin (New In Assay)
+ Free Shipping$2,070
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I love when people say, "if the dollar goes to shit I'll have gold". That's a useless comment too, what are they planning on doing, buy some food, cut off a piece of their gold and exchange for it? My guess is the other side of the transaction will think you are crazy.
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As many mentioned, gold is a hedge against inflation. My dad always said twenty ounces of gold throughout history would always buy a new car. The same 20 ounce pieces 100 years ago would buy a new 20K car today. I do admit, the new car prices since covid have skyrocketed, but he was spot on.
Sales Tax On Gold And Silver by State
LIST OF SALES TAX RULES STATE BY STATE
In the list below, any figures shown are for the state-wide rate and are the minimum you can expect to pay. These do not include any county-specific tax rates.
Alabama: No sales tax on bullion
Alaska: No sales tax at a state level
Arizona: No sales tax on bullion
Arkansas: 6.5% on all precious metal sales
California: 7.5% on transactions below $1,500
Colorado: No sales tax on most precious metals
Connecticut: 6% on purchase values below $1,000
Delaware: No sales tax
Florida: 6% on values below $500, with an exemption for legal tender
Georgia: No sales tax
Hawaii: 4% general excise tax paid by the seller, often added to the purchase price
Idaho: No sales tax
Illinois: 6.25% on South African Krugerrands only, all other bullion is exempt
Indiana: No tax on high-purity bullion, 7% on other types of precious metal
Iowa: No sales tax
Kansas: No sales tax
Kentucky: 6% on all orders
Louisiana: No tax on precious metals
Maine: 5% flat rate
Maryland: 6% on order values below $1,000
Massachusetts: 6.25% on transactions below $1,000
Michigan: No sales tax on high-purity bullion
Minnesota: 6.88%
Mississippi: 7%
Missouri: No sales tax on high-purity bullion
Montana: No sales tax
Nebraska: No sales tax
Nevada: 6.85% with some exemptions
New Hampshire: No sales tax
New Jersey: 7%
New Mexico: 5% paid by the seller
New York: 4% on transactions below $1,000
North Carolina: No sales tax
North Dakota: 5%, but with high-purity bullion exempt
Ohio: Basic sales tax of 5.75% applies to silver and gold bezels, high-purity bullion is exempt
Oklahoma: No sales tax on precious metals
Oregon: No sales tax on any precious metals purchase
Pennsylvania: 6% on silver and gold coins which are not legal tender, bullion is exempt
Rhode Island: 7% tax applies only to bullion that's not been refined or smelted
South Carolina: Most precious metals are exempt, but some coins and processed items attract 6%
South Dakota: No sales tax on investment-grade bullion or legal tender
Tennessee: No sales tax on gold or silver bullion
Texas: No sales tax on gold or silver bullion
Utah: A 4.75% tax applies to bullion with purity below 50%
Vermont: 6% on all precious metal transactions
Virginia: 5.3% levied on all precious metals with no exemptions
Washington: No tax on any non-collectible precious metals
West Virginia: Investment-grade bullion and coins are tax-exempt
Wisconsin: A 5% tax on all precious metal purchases
Wyoming: A basic 4% rate on all precious metal purchases
Gold is a speculative commodity with volatile price behavior.
As many mentioned, gold is a hedge against inflation. My dad always said twenty ounces of gold throughout history would always buy a new car. The same 20 ounce pieces 100 years ago would buy a new 20K car today. I do admit, the new car prices since covid have skyrocketed, but he was spot on.
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Noah was an insane man until the rain started.
https://www.reddit.com/r/Costco/c...d_bullion/
read
dont forget to check tax exemption status.
one should not be paying taxes on gold or silver coins.
stop picking on the ones that are math challenged we got lots recently but still
they made it hard find a way to do it
form communities to pool together to get stacks from comex for spot.
since mint refuses to mint for us near spot make our own mint that uses our comex silver to print silver coins.
mint is legally obligated to print coins on request but would rather steal from the public forcing collectibles instead of minting as close to cost as possible as our constitution dictates.
As many mentioned, gold is a hedge against inflation. My dad always said twenty ounces of gold throughout history would always buy a new car. The same 20 ounce pieces 100 years ago would buy a new 20K car today. I do admit, the new car prices since covid have skyrocketed, but he was spot on.
Noah was an insane man until the rain started.
The other 9 billion people who were also paranoid were just that.
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