<div>Today, January 1st, New Jersey Senate Bill 721 went into effect – ending sales taxes on virtually all purchases of gold, silver, platinum, and palladium. </div>
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<div>This sales tax exemption was enacted thanks to Money Metals' in-house public policy project advocating for laws that protect precious metals investors, the <a href="https://www.soundmoneydefense.org/">Sound Money Defense League</a> – as well as Money Metals' customers in New Jersey who contacted their legislators during key moments, purchases of precious metals are now tax-free statewide, with some restrictions.</div>
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<div>The only kinds of things that still get taxed are high-premium coins, such as Proof 1/10th oz American Gold Eagles, and similar items that are sold for less than $1,000.</div>
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<div>Money Metals worked for multiple years to successfully remove this tax imposed on Garden State investors. Only five states still fully tax precious metals purchases: Maine, New Mexico, Vermont, Hawaii, and Kentucky.</div>
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<div>We intend to double our efforts in these states to eliminate the scourge of sales taxation from the country entirely.</div>
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<div>Money Metals will also continue to provide for all your precious metals needs, including <a href="https://www.moneymetals.com/buy/gold">buying</a> and <a href="https://www.moneymetals.com/resources/3-easy-steps-to-sell">selling</a> at the most competitive prices, <a href="https://www.moneymetals.com/silver-gold-storage">precious metals depository services</a> in our brand new, state-of-the-art facility, <a href="https://www.moneymetals.com/gold-loan">loans against your gold</a>, <a href="https://www.moneymetals.com/programs/iras">IRA transactions</a>, a <a href="https://www.moneymetals.com/news">robust newswire</a> with breaking news and analysis on markets, precious metals, and more.</div>
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<div>New Jersey was one of seven states that passed pro- gold and silver legislation in 2024. </div>
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<div>We're not done yet. In 2025, we intend to secure even more wins for precious metals across the country.</div>
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<div>For more information on the law in New Jersey, <a href="https://www.moneymetals.com/news/2024/09/12/signed-into-law-new-jersey-eliminates-sales-taxes-on-gold-and-silver-003457">click here</a>.</div>
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<div>Thank you for your business and support. I wish you and your family blessings in 2025.</div>
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<p><img src="https://www.moneymetals.com/uploads/content/stefan-signature-2.jpg" alt="Stefan Gleason Signature" /></p>
<div>Stefan Gleason</div>
<div>President</div>
<div><a href="https://www.moneymetals.com/">Money Metals Exchange</a></div>
