The whole world of commodities in one App!

Watch Management & Expert Interviews, Site-Visit-Videos, News Shows and receive top and up to date Mining Information on your mobile device worldwide!

Download our unique App for free!
Commodity-TV Play Store
Commodity-TV App Store

Social Media

Arkansas rewards precious metal acquisition

Arkansas has eliminated sales tax on gold and silver, other states could follow suit

Receive up-to-date information about the company directly via push notification

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 -  - 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.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at [email protected] We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

* indicates required
SRC Mining & Special Situations ZertifikatSRC Mining & Special Situations Zertifikat