Hi, I have question I hope someone could help me with.
I'm looking to order gold from an online dealer. I would like it to get shipped to me to NJ, but I saw through a Google search that there is a sales/use tax of 7% in NJ, meaning (I think) that if you purchase or store gold in NJ, you owe the state 7% of the value of the gold. I wasn't sure if the source was accurate.
If I were to purchase gold, have it shipped from the retailer to a family member in a gold sales tax-exempt state, and have the gold shipped from the tax-exempt state to NJ for storage, do I have to pay the 7% tax?