Articles Categorized in: Blog
OUNZ offers investors a revolutionary new way to buy and store gold. As the first ETF of its kind, this ETF allows investors to exchange their shares for physical gold at any time. Investors should use the calculator to ascertain how many shares are needed in order to closely match the quantity of gold that they wish to take delivery of, which will reduce any exchange-related Cash Proceeds requirements. What is OUNZ? OUNZ is an exchange traded fund (ETF) sponsored...
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Based on your risk tolerance, there are various gold investments you could pursue: coins and bars can be bought directly as investments; gold stocks/ETFs could provide exposure; futures/options contracts provide another means. When investing in physical gold, make sure the purity level meets your standards and consider storage costs and any possible theft or natural disaster insurance plans before making your purchase decision. Physical gold Gold can be an attractive asset to include in your investment portfolio, offering protection from...
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Physical precious metal investments provide retirement portfolios with extra protection and diversification benefits, helping reduce market volatility while offering security and privacy. Unfortunately, traditional IRAs, 401(k)s and similar retirement accounts are limited to paper assets; however, investors who are more sophisticated with their investing can use self-directed IRAs to directly invest in alternative assets such as real estate and privately held companies. Why do people invest in gold and silver? People invest in gold and silver because these precious metals...
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If you are considering opening a gold IRA, make sure you consult with an independent fiduciary financial advisor who has no connection with any gold IRA company. They have an ethical duty of care when looking out for your best interests and can provide valuable insight into benefits and risks of the account. Gold IRAs operate similarly to other retirement accounts in that withdrawals are subject to taxes as ordinary income and fees may be charged by precious metals dealers,...
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Gold IRAs allow investors to hold precious metals within tax-advantaged retirement accounts. While gold IRAs provide diversification benefits and some protection against inflation, they also come with higher fees than traditional IRAs. Before investing, it is crucial to compare costs and locate a reputable gold IRA company. Understand its pros and cons to determine if one fits you personally. Benefits Gold IRAs can be an excellent diversification strategy for your retirement portfolio, providing several advantages including reduced correlation with traditional...
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American Gold Eagle coins come in 1/10-, 1/4- and 1/2 ounce weights and feature an engraved face value. Their true worth depends on the fluctuating gold prices. The coin features Augustus Saint-Gaudens’ iconic design of Liberty with a gold-clad eagle on its obverse, while Miley Busiek depicted on its reverse male Bald Eagle carrying olive branches to his waiting mate and young. The Value of Gold Gold is an iconic asset with universal appeal and represents a safe haven against...
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Gold mining is an integral industry in Utah and can be found across various mining districts such as Bingham Canyon, Mercur, Goldstrike Tintic East Tintic. Individuals seeking financial security often accumulate precious metals as insurance against unexpected expenses. Recently, Utah made it easier for residents to use these coins as cash by exempting them from capital gains tax. Does the State of Utah Have a Bullion Depository? Utah is taking steps to foster an environment more favorable for sound money...
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An LLC provides several advantages when investing in precious metals, including liability protection and flexibility. Furthermore, this can help reduce taxes while providing a seamless transference of ownership between generations. Recently, an IRS tax court decision sparked widespread investor confusion as many inquired as to the legality of LLCs owned by an IRA. This article will address these queries in depth. Tax benefits LLC structures can offer significant tax and liability protections. When precious metals are held within an LLC,...
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Legally, selling precious metals does incur taxes; however, sound financial planning can help minimize your tax liabilities. Like other collectibles, gold is subject to capital gains tax at a maximum rate of 28%. This higher tax rate than investments such as stocks, mutual funds and ETFs significantly diminishes after-tax returns from gold investments. Capital Gains The tax code has been designed to encourage long-term investments by offering preferential tax rates for assets held for over one year, giving owners of...
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When investing in precious metals through an IRA, the IRS requires that they are kept safe. Any violation of their guidelines could result in fines, penalties or even an audit from them. Custodians are professional agencies that specialize in managing precious metals IRAs and complying with IRS storage facility requirements. Bank-Safe Deposit Boxes Safe deposit boxes are secure containers located within the vault of a financial institution that customers can rent out for an annual fee. They often feature dual...
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