alt Hacker NewsMuch of the 3,000 years of history you're referring to saw precious metals used as wealth storage primarily in the form of objects like jewelry, silverware, and candlesticks. All of which have sales taxes.
The question I'm asking is why it's unreasonable that bullion that we've agreed isn't currency isn't being treated differently than these other things?
Replies
thrawa8387336 • today at 1:03 AM
Sales taxes is a much more modern invention not 3000. Gold was money and still is in freer jurisdictions
A fork is a finished consumer product. Even if it's made of silver, you can use it to eat with.
Bullion isn't a finished consumer product, it's the packaging format for the raw material.
Sales tax applies to finished consumer products. The intermediary stages are traditionally exempt, i.e. the person who buys bullion in order to make silver forks doesn't pay sales tax, the person who buys the fork does.