Why do I get charged tax when I buy gold and silver?

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Why do I get charged tax when I buy gold and silver?

Is there any way around this?

2007-03-07 11:08:13 · 3 answers · asked by inkinyou 1 in Business & Finance ➔ Investing

3 answers

Are you buying physical or are you buying funds? Actual metals that I have purchased have always been without. Contact a coin store and ask. Scotsman Coin in St Louis is very knowledgeable, try them.

2007-03-07 11:14:48 · answer #1 · answered by Anonymous · 0⤊ 0⤋

It may be the case with bars of gold silver or platinum at a store that sells bullion, but I was sure that Pure siver one ounce coins and pure gold one ounce coins were not taxed.

2007-03-07 19:34:24 · answer #2 · answered by bob shark 7 · 0⤊ 0⤋

Open a brokerage account at Zecco.

2007-03-07 23:22:15 · answer #3 · answered by Anonymous · 0⤊ 2⤋