Is Gold & Silver an Asset or Currency?

Proposed legislation in the states of Oklahoma and Missouri seek to remove capital gains tax on the sales of gold and silver. Does this mean it will be now be viewed as a currency?

Show notes:

Bills filed in the Oklahoma and Missouri legislatures for the 2024 legislative session would eliminate state capital gains taxes on the sale of gold and silver.
https://oilprice.com/Metals/Gold/US-States-Make-Bold-Move-to-Reclassify-Gold-and-Silver.html

Thumbnail: https://unsplash.com/photos/gold-round-coins-on-black-surface-jgP2-aCuyV0

Music Credit: https://www.free-stock-music.com/alex...
Atomic by Alex-Productions | https://onsound.eu/
Music promoted by https://www.free-stock-music.com
Creative Commons / Attribution 3.0 Unported License (CC BY 3.0)
https://creativecommons.org/licenses/...

For financial education that serves your life purpose, whether you're just starting out right through to stock options trading visit www.bluskyfactory.com.au

This presentation was originally broadcast on Edge Radio Australia www.edgeradioaustralia.com

None of the information on this show is financial advice and we are not a licensed financial planning, accounting or law firm. Blu Sky Factory is simply an education company, which will give you factual information. We do not give any general or specific advice around finance, business, investing, options, trading, accounting, estate planning, or anything else. That is not what this presentation does. Please see a licensed financial planner/accountant/lawyer when it comes to any investment advice you need.

Additionally, the opinions expressed on this program are not necessarily a reflection of the views of Blu Sky Factory, or Edge Radio Australia.