you can sell gold for cash, so no taxes
gold is not an investment
but otherwise good comment
Most Precious metal bullion in Canada is exempt from GST/HST provided the precious metals are defined as bars, ingots, coins, or wafers of gold, silver, platinum, which are refined to a minimum purity of 99.50% for gold and platinum, or 99.9% for Silver.
aubullion.ca
Bullion and Coins are liable to Capital Gains Tax within Ontario as they are across Canada, subject to Personal-Use Property Exemptions.
Hell even Kitco takes your information when you sell them so called junk silver.
Gold is usually considered a store of value at least by gold bugs, but there are better options. Nor is it all that stable going to 660 bucks in 1980ish then down to IIIRC 279ish 20 years later, so on so forth. Taking over 25 years to hit it
s nominal high.
Interactive chart of historical data for real (inflation-adjusted) gold prices per ounce back to 1915. The series is deflated using the headline Consumer Price Index (CPI) with the most recent month as the base. The current month is updated on an hourly basis with today's latest value.
www.macrotrends.net
Inflation adjusted it still hasn't hit it's 1980ish highs.
I knew a friend who was a gold bug, he had to quit his job at an auto company though. He didn't like FIAT... huh,,, eh... Fine I'll stop.
THat being said if I had much excess lotto money, I wouldn't mind having enough to support a lifetime of whoring in gold. Not a fan of the Harry Browne permanent portfolio as it benefited from certain one time events but if I had the excess cash to properly diversity it would be nice to be covered for prosperity, deflation and inflation, although I'd probably go annuity over cash like he suggests. Anyone got those powerball/megamillion winning numbers?