10/05/2026
One of the biggest misconceptions about precious metals in Australia is the tax side.
Physical bullion doesn’t pay dividends, so generally you’re dealing with capital gains tax rather than income tax. Hold it longer than 12 months and there may be CGT discounts available depending on your circumstances.
There’s also no GST on investment grade bullion, and no stamp duty like you’d see with property.
But the funniest part of this conversation was why bullion dealers don’t accept card payments.
Think about it from a scammer’s perspective. If you had stolen credit cards, what’s one of the first things you’d buy?
Something with intrinsic value that can immediately be resold.
That’s why most serious bullion dealers stick to bank transfer and cash.
Watch the full conversation via the link in bio.