Sales tax on precious metals is a complicated patchwork of outdated state laws that has created problems for online retailers since the 2018 South Dakota v. Wayfair decision.
The use of silver in the manufacturing of consumer electronics, electric vehicles and solar panels has hit record highs. New Mining Tech could improve efficient and reduce environmental impact
Sales tax on precious metals continues to be a contentious issue and more states are considering legislation to remove retail sales tax on gold and silver.
Many of The Black Friday sales with online precious metals and bullion deals are live and that means plenty of deals on silver and gold bars, rounds and coins. The best online bullion deal for 2021 is the American Eagle Silver coin at spot price from BGASC. The Black Friday deals offered this year are … Read more27 of the best 2021 Black Friday & Cyber Monday deals on Silver, Gold & Platinum
On April 5, 1933 President Franklin Roosevelt signed Executive Order 6102 which outlawed the private ownership of gold by citizens.
For a duration lasting 41 years in the mid-20th century, the government made it a crime for the people to own, hold or transact in sound money.
Following the resignation of Nixon, one of the first laws signed by President Ford included a bill which reversed Roosevelt’s Executive Orders.
It has been legal for anyone to own, hoard, buy and sell gold in the United States since December 1, 1974.
Just as with other forms of precious metals, such as coins, bars and rounds, investing in 24k gold jewelry makes practical sense. Jewelry made from 24k gold makes an excellent store of wealth. The value of the jewelry is not diluted by outrageous retail markups and the use of alloys to reduce the purity.
Anyone crossing international borders is required to declare any financial instruments valued at over $10,000. Jewelry made from 24k gold isn’t a financial instrument and in most cases does not need to be declared when traveling internationally. It’s possible that an individual could carry more than $10,000 worth of 24k gold jewelry while traveling.