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Message:: [QUOTE="Del Pinto, post: 2080041, member: 73128"]Someone 'buying a few ounces of Silver' (OP) isn't getting a bullion tax waiver in the few states allowing that, however. More likely, the retail buyer is paying more. How much? Let's assume, compared to all in retail stores nationally, Littleton offers a 'very competitive retail premium' (21.76%) on ASEs, 2/5/15: $20.98 Now, for example, let's look more closely at TN, the "most expensive" US sales tax, and then in towns/counties with the highest local tax options, to see what we'd pay in a store charging the same retail premium as Littleton :a) the state sales tax is 7.0% (+$1.47)b) the county tax is another 2.75% (+$0.58)c) the town tax (in places like Murfreesboro, Jackson, Johnson City, Bartlett, Kingsport, etc.) is another 2.75% (+$0.58) Total cost 1 ASE bought in stores charging the tax rates above: $20.98 + $2.62 = $23.60. The 'retail premium' is effectively 37%. (I found about 12 stores in said locales in the Yellow Pages.) ALERT! That's a very high cost basis! This is much worse than the 20% VAT, I see.  While TN is probably among the 'most expensive' for retail premiums in the USA, we can easily imagine the 'ten highest sale tax states' in-store bullion buyers suffer as much or worse than the average UK buyer. Understanding (and reducing) cost-basis should be a factor to anyone seriously accumulating bullion as an investment.[/QUOTE]