precious metals

Silver buyers reporting issues with sales tax and order cancellations with Walmart

As the popularity of buying precious metals online grows, many buyers have experienced issues with being charged sales tax in states where metals aren’t taxed. Some buyers turn to social media for advice on how to deal with customer service when resolving sales tax issues.

Sales tax on precious metals is contentious issue, which is a complicated patchwork of outdated state laws that have created issues that online retailers must contend with since South Dakota v. Wayfair decision in 2018.

Texas Committee Passes Bill To Create 100% Gold And Silver-Backed Transactional Currencies

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Legislators in Texas are leading the charge against the Federal Reserve’s monopoly on fiat money by offering an option for people to conduct business in sound money.

Physical gold and silver that would support the backing of the digital currency would be stored in a pooled account at the Texas State Bullion Depository.

2023-W Proof Gold Eagle and Buffalo Coins from the US Mint

2023-W Gold Eagle Proof 4 coin collectors set with box (ogp) and coa

The US Mint releases proof finish versions of the American Eagle and American Buffalo coins each spring. The coins are meticulously minted to a mirror-like finish which highlights the astonishing details sculpted into each.

Resale premiums on proof finish coins are higher than bullion. Dealer Buyback prices are often a few percent above melt value for coins that are in mint state.

Sales Tax When Buying Silver and Gold

$20 Liberty Double Eagle Obverse

The notion of sales tax on precious metals investing is a contentious issue to some and represents a line in the sand between some legislators and investors. Despite the long history of gold and silver being recognized as money, many states continue to tax their citizens for the privilege of owning these metals.

Preparing for the Next Dollar Crisis

Silver coins on the background of the growth chart

The American dollar system is broken. All of the major swings in the economy over the last few years that have been driven by political and policy-based initiatives have led to a decline in global trust of the American dollar. The ongoing banking crisis makes it more evident.

Saudi Arabia Taking Active Steps to End Petrodollar Dominance

As the impact of the ongoing banking crisis begins to be felt at home, many Americans are shifting their priorities to protect their financial assets.

The shifting of and diversification of assets is likely continue at a rapid pace in the coming months as excess dollars and crypto funds are moved into hard assets like gold, silver, land, ammunition, firearms and stable food in the coming months as smart investors prepare for further economic hardship.