alt Hacker News"Generally no one is “consuming” gold bullion."
Huh? Gold bullion is an input to hundreds of industrial processes. If it weren't, why would gold have any value?
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ta9000 • yesterday at 11:45 PM
Why would gold, something that’s had value for thousands of years prior to the Industrial Revolution, have any value?
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That's not consumption as it applies to sales tax rules. In almost every jurisdiction, raw materials and inventory purchased for resale or industrial processing are exempt from sales tax.