.
This is an argument for Oregon to eliminate the business tax on precious metals dealers and investors.
The governor of Oregon has just signed a bill to this effect. The exchange of U.S. money for another currency, in this case gold, should therefore not be subject to taxes. This is because this taxation penalizes small savers who want to protect their assets from inflation. Small savers in particular should be allowed to preserve their wealth tax-free. The tax, which burdens precious metals dealers and thus ultimately gold and silver investors, will thus come to an end in Oregon starting in 2024. While Oregon does not impose a direct sales tax on precious metals, the Corporate Activity Tax just did. The state is thus following the trend of reducing spending on wealth preservation in the form of gold and silver.
Before Oregon decided to do so, Alabama, Tennessee, Virginia and Mississippi had already enacted tax exemptions by law. The Fed's interest rate hikes have left their mark, with the damage done to the U.S. economy only beginning. Sustained high interest rates hurt the economy, and the Fed knows this too, but it is accepted as a necessary evil. The consequences are declines in industrial and commercial lending and forced bank mergers. This shows the damage caused by monetary policy. In any case, gold is a protection against inflation and an effective means of preserving wealth. We must not forget the gold companies that own the precious metal in the ground, such as Tudor Gold or Vizsla Silver.
Tudor Golds - https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ - Treaty Creek Gold Project in British Columbia is currently being drilled and is one of the major gold discoveries.
Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - is working on its prospective Panuco silver-gold project (7,200 hectares) in Mexico. This is a former producing property.
Latest corporate information and press releases from Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -).
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 applies: https://www.resource-capital.ch/en/disclaimer/
This is an argument for Oregon to eliminate the business tax on precious metals dealers and investors.
The governor of Oregon has just signed a bill to this effect. The exchange of U.S. money for another currency, in this case gold, should therefore not be subject to taxes. This is because this taxation penalizes small savers who want to protect their assets from inflation. Small savers in particular should be allowed to preserve their wealth tax-free. The tax, which burdens precious metals dealers and thus ultimately gold and silver investors, will thus come to an end in Oregon starting in 2024. While Oregon does not impose a direct sales tax on precious metals, the Corporate Activity Tax just did. The state is thus following the trend of reducing spending on wealth preservation in the form of gold and silver.
Before Oregon decided to do so, Alabama, Tennessee, Virginia and Mississippi had already enacted tax exemptions by law. The Fed's interest rate hikes have left their mark, with the damage done to the U.S. economy only beginning. Sustained high interest rates hurt the economy, and the Fed knows this too, but it is accepted as a necessary evil. The consequences are declines in industrial and commercial lending and forced bank mergers. This shows the damage caused by monetary policy. In any case, gold is a protection against inflation and an effective means of preserving wealth. We must not forget the gold companies that own the precious metal in the ground, such as Tudor Gold or Vizsla Silver.
Tudor Golds - https://www.commodity-tv.com/ondemand/companies/profil/tudor-gold-corp/ - Treaty Creek Gold Project in British Columbia is currently being drilled and is one of the major gold discoveries.
Vizsla Silver - https://www.commodity-tv.com/ondemand/companies/profil/vizsla-silver-corp/ - is working on its prospective Panuco silver-gold project (7,200 hectares) in Mexico. This is a former producing property.
Latest corporate information and press releases from Vizsla Silver (- https://www.resource-capital.ch/en/companies/vizsla-silver-corp/ -).
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 applies: https://www.resource-capital.ch/en/disclaimer/
