I read this statement from an ATO expert on this forum -
"If you hold the bullion as an investment it is considered a capital asset." (italics and bolding mine)
what is the definition or defining characteristics of an 'investment' according to the ATO? I searched it up on the ATO website and couldnt find anything meaningful for me. i want to determine if the bullion i have purchased is an investment or not.
thank you.