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Ram raids. Car thefts. Joy riding. Police chases. Violence. Every day there is a new example of serious youth offending in New Zealand. Off the back of that,...
The passage of SB297 would take another step by effectively repealing the state capital gains tax on the exchange of gold and silver. Under the proposed law, individuals selling gold or silver bullion, or utilizing gold and silver in a transaction, could deduct any net capital gain derived from the exchange from their income for state income tax purposes.
Invest in silver ETFs for industrial diversification and value retention during economic cycles. Silver's fundamental demand, especially during turmoil, makes it a resilient investment like gold, offering a buffer to equity-debt portfolios.
Under the proposed law, “any gold or silver coin, specie or bullion issued by any state or the United States government as legal tender shall be recognized as legal tender in the state of Louisiana.” On April 29, the House Committee on Commerce passed SB232 by a 12-3 vote with some technical amendments. The Senate previously passed the bill by a 39-0 vote.
I must admit, the rainy cool-down has been a nice break from what was a very hot July. You may see a little more of the wet stuff this afternoon, so have a back-up plan for outdoor activities. Find some inner peace with the Monks of Nechung Monastery.
The stability of the U.S. dollar contributed to making bullion less accessible for international buyers. Meanwhile, investors remained on the lookout for additional indications regarding the timing of the U.S. Federal Reserve's inaugural interest rate adjustment.