Arkansas rewards precious metal acquisition
The purchase of gold, silver, platinum and palladium bars and coins is affected. Small businesses and savers are now exempt from sales and use taxes. Lawmakers in New Jersey, Maine, Ohio and Tennessee are considering following suit, and corresponding bills are already on the table.
With Arkansas, precious metals buyers are now exempt from taxes in 40 U.S. states. There are still ten states where taxes have to be paid. Not a nice thing, because the purchase of precious metals as a form of savings and investment should not be penalized. All the better that a rethink is taking place here. Sales taxes are also not fair on the acquisition, since the precious metals are kept for resale. They are not consumer goods, after all. The purchase of precious metals is associated with the desire to preserve and protect assets and to hedge against inflationary damage - and rightly so, because precious metals have this function.
The situation is similar with the shares of gold and silver companies. They also provide a healthy addition to a portfolio with a leverage on the gold price. For in doing so, one should not put one's assets to be invested on just one horse, but rather secure oneself with various investments. Because this also succeeds with gold and silver, which still slumbers in the ground in projects, as with Condor Gold or CanaGold.
Condor Gold - https://www.youtube.com/watch?v=bEaHfDTZ2rg - owns the La India gold project in Nicaragua, which already has very good drilling results (up to a good 12 grams of gold per ton of rock). The environmental permit has been obtained.
In British Columbia is CanaGold's New Polaris property. The company is well financed and has options on further projects in Nevada, Idaho and British Columbia.
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
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