Despite the fact that gold and silver are metals found in rocks just like many others, our enslavers (who some actually bow down to, obey and even fucking vote for) demand we pay them money for possession of them.
Laughably sometimes they don't charge money if the metals are in circular form with a picture of one of their relatives head profile's stamped on one side. Then the justification of taxing money on money becomes that wee bit too obvious, and even 3 year old children would realise gangsters rule every nation through threat and extortion.
Glad that's off my chest ...
Below are some rough details regarding the US and UK taxation on bullion grade gold and silver profit from ownership.
US - home of the slave, land of the fee.
The IRS charges a blanket 28% inheritance tax on the precious metals type in the following table:
UK - home of the parasitic, Luciferian, Princess murdering, lovely royal family.
Tax is exempt on all British legal currency. This includes gold Britannia coins , silver Britannia coins and gold Sovereigns.
All other forms are liable to capital gains tax but only after the first £18,000 of profit in any tax year.
All figures above are open to change by the individual tax authorities, and the information portrays a basic level guide.