Archive for October, 2009
Where can i buy silver bullion in fremont, california?
Sunday, October 11th, 2009
How to buy gold and silver?
Sunday, October 11th, 2009
Gold is a good investment if you are looking to buy and hold for the very long term. The issue with gold and silver as an investment is the tax treatment. They are heavily taxed when you sell them for a profit. So if you want them as a hedge against inflation, you are better off buying the actual metal in small quantities (<$10k each transaction) so you don’t create an IRS reportable “event”. The transaction costs are high (~6%) for the gold bullion from a reputable dealer but that is MUCH cheaper than the taxes (30-40%!) on your gain. You can rent a cheap safe deposit box and store them there. You do NOT need to worry about them “tarnishing” if you buy bullion. A reputable coin dealer can sell this to you. Look for dealers registered with the US Mint as authorized resellers of their bullion product. I started buying gold bullion in $800-$1000 quantities monthly a few years ago. I have seen, on average, a 30% appreciation AFTER transaction costs during this time. No one knows if this will continue, but I am not selling.
Where is the best place to keep silver from damaging?
Saturday, October 31st, 2009
i bought silver bars am i dont know what is best to cover it with. could i protect them by covering them with plastic or cloth.
Silver does tarnish on exposure to air, but that won’t ‘damage’ bullion.
It’s only a surface condition.
Store it in plastic bags if you wnat to keep it looking ‘fresh’.