Does anyone know if the capital gains that might be made on the...

Does anyone know if the capital gains that might be made on the appreciation of gold and silver is taxable.

I recently bought physical gold and noticed that there was no GST on the sale. Then it got me to thinking, is there any tax on gold and silver at all?

When money exchanges hands you don't pay tax on the physical notes. If you had $50.00 and ten years later the purchasing power of that $50.00 miraculously increased, you wouldn't pay tax on that.

So when buying gold you are exchanging an imaginary store of wealth for a real store of wealth. In an economic crisis the purchasing power of gold sky rockets and I noted in the previos paragraph, you don't pay tax on an increase in purchasing power.

If anyone can shed light on this I'd appreciate it.

My position is long gold and silver.