⭐ How to invest and buy gold in USA. A beginner’s 2024 guide

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Table of Contents

2023: Investment gold on the rise.

In 2023, gold demand surged 11% to the highest in over a decade, driven by exceptional investor appetite. Investment demand for gold reached 1,222.6 tonnes, demand for gold bars (802.7 tonnes) and official coins (320.9 tonnes) and 98.9 tonnes for round , rising by 10% year-over-year. Meanwhile, jewellery consumption, one of the biggest components, fell 3% to 2,086 tonnes

Investing in gold in the United States can take several forms,

including buying physical gold coins and bullion, purchasing gold ETFs or exchange-traded funds, or investing in gold mining stocks. Each option has its own set of pros and cons, and the best choice will depend on the investor’s goals and risk tolerance.

If you’re aiming for quick buying and selling turnovers, physical gold might not be your best bet. Dealers, where I’d recommend new stackers to purchase from, usually slap on premiums starting at around 5%. Essentially, you’re looking at paying a 5% markup above the current market price of gold. When it comes to selling back to dealers, which is also the preferred avenue for new stackers, you might end up receiving less than the spot price. So, in short, if you’re eyeing short-term trading spanning days, weeks, or months, gold might not align with your objectives. You might want to explore ETFs, stocks, and other instruments mirroring gold price movements without incurring premiums, although you wouldn’t technically own physical gold, just a ‘piece of paper

Physical Gold:

Buying physical gold in the form of coins or bullion is a popular way to invest in gold. Physical gold provides investors with the opportunity to hold the physical asset, which can be stored in a safe deposit box or at home. Physical gold is also considered to be a hedge against inflation and currency devaluation. However, it also comes with storage and insurance costs.

Now, for the gold bars vs. coins debate.

Bars sell, but coins, especially bullions, pack more value. However, they might take a bit longer to sell. For coins, check out the major players based on location—Vienas, Eagles, Pandas, and more. Premiums matter; try to snag them at that sweet 1-3% over spot.
Some top picks: 50 Pesos and Sovereigns for good premiums, and stack those bullions—Buffalos, Eagles, Krugs.

Coins tend to be more liquid than bars.

In simpler terms, you’ll likely find it easier to locate a reputable buyer for your gold if it’s in coin form rather than bars. While the difference isn’t massive, in my opinion, the liquidity of coins outweighs the premium savings you might get on bars, which are pretty minimal when it comes to gold.

Gold ETFs:

A gold ETF is a type of exchange-traded fund that tracks the price of gold. These funds are traded on stock exchanges and can be bought and sold like stocks. ETFs provide investors with an easy and convenient way to invest in gold without the need to store and insure the physical asset. However, ETFs are subject to management fees and other expenses.

Gold Mining Stocks

:Investing in gold mining stocks is another way to invest in gold. Gold mining stocks are shares of companies that mine and produce gold. These stocks can provide investors with exposure to the price of gold and also offer the potential for capital appreciation as the company’s profits grow. However, the performance of gold mining stocks is also affected by factors such as management and operations, which can be more volatile than the price of gold.

Over the past twenty plus years, their strong performance, combined with an economic backdrop that today includes the return of high inflation, the after-effects of the COVID-19 pandemic, bank failures, and rising geopolitical concerns, has seen interest in precious metals as an asset class skyrocket. Indeed, many Australians are now looking to include precious metals in their portfolio for the first time. Gold prices have risen from less than USD $350 to almost USD $3,300 per troy ounce since the turn of the century, as highlighted in the chart. That’s a return of more than 500% in total, or more than 8.5% per annum, with a USD $14,000 investment made in 1999 growing in value to more than $98,000 by the end of 2023. The gold price has outperformed all other mainstream assets over this time period, including US shares and property. The safe haven status of gold and silver has proven its value again as it has throughout history.  Gold has always been the “barometer of fear”, when people become concerned about the health of the financial and monetary systems, as well as the looming threat of inflation, they always turn to gold.

FAQs

what are the benefits of investing in gold?

Investing in gold has several benefits, including:

  1. Hedge against inflation: Gold is often considered a strong asset for diversifying your portfolio and as a safe-haven asset in times of uncertainty. The precious metal can be appealing through periods of economic uncertainty and recession, as well as when inflation runs high. Gold may increase in value during inflation, as the dollar’s purchasing power decreases.
  2. Safe haven through economic changes: Gold can potentially help investors get through uncertain economic conditions, considering the price might rise during these periods. An analysis by the Federal Reserve Bank of Chicago compared gold prices to a University of Michigan study of consumer expectations, and found that as the proportion of consumers with pessimistic expectations goes up, the price of gold is positively correlated.
  3. Central bank reserve asset: Gold is a central bank reserve asset, which gives it a baseline of support and international status. Many central banks around the world, as well as government agencies, use gold as a reserve asset.
  4. Protection against geopolitical risks: Gold can potentially protect your portfolio from geopolitical risks, such as wars or trade disruptions. If the dollar falls because of international conflicts, for instance, then gold prices could potentially rise as foreign investors look for another store of value.
  5. Strengthens a defensive portfolio strategy: Gold can protect portfolios amidst turbulence, as it has served as a better protection than bonds about half the time during periods of equity declines over the last 75 years.
  6. Reduces overall volatility and risk of your portfolio: Gold investment acts as a hedge against inflation and helps diversify your portfolio, reducing the overall volatility and risk of your portfolio.
  7. High liquidity: Gold is recognized and sought after all over the world, and can be exchanged for global currency, goods or services and can be easily liquidated.
  8. Universal currency: Physical gold is one of the only forms of private investment left today, as it does not require registration of ownership like shares or banking.
  9. Inheritance and legacy: Purchasing physical gold is a private store of wealth that allows clients to effectively transfer wealth to loved ones, subject to the 7-year inheritance tax rule.
  10. Insurance against inflation: In times of inflation, gold’s value tends to increase in line with other products and commodities.
what are the risks associated with investing in gold?

Investing in gold comes with several risks, including:

  1. Capital risk: The price of gold can move lower in the time you hold the gold, leading to a potential loss of your investment.
  2. Counterparty risk: When investing in paper gold, there is a risk that the issuer of the gold may default on their obligations, leaving the investor with a worthless asset.
  3. Price volatility: Gold prices can be volatile, leading to potential losses if the investor needs to sell during a downturn.
  4. Insurance and storage costs: Physical gold requires secure storage and insurance, which can add to the cost of the investment.
  5. Lack of income: Gold does not produce income like bonds or stocks, making it a less attractive investment for those focused on cash flow.
  6. Inflation risk: Gold may not always keep up with inflation, potentially leading to a loss of purchasing power over time.
  7. Political risk: Changes in government policies or regulations regarding gold ownership can impact the price and liquidity of gold investments.
  8. Complexity: Investing in gold through complex instruments such as futures and swaps can expose investors to a higher potential risk of loss.
  9. Storage and insurance fees: Physical gold requires secure storage and insurance, which can add to the cost of the investment.
  10. Capital gains tax: Gold investments are subject to capital gains tax when sold at a profit, which can reduce the overall return on investment.
  11. Performance lag: Gold investments may underperform other asset classes, leading to missed opportunities for gains in those areas.
  12. Purity considerations: Determining the purity of physical gold can be challenging, and there is a risk of counterfeits.
  13. Opportunity costs: Investing in gold may mean missing out on gains from other asset classes that outperform gold over time.
what are the tax implications of investing in gold

Investing in gold can have tax implications, and the specific tax rules can vary depending on the country and the type of gold investment. In general, gold investments can be subject to capital gains tax, which is a tax on the profit made from selling an investment for more than its original purchase price. The tax rate for capital gains on gold can vary, with some countries taxing gold investments at a higher rate than other types of investments. For example, in the United States, physical gold is considered a collectible and is subject to a maximum tax rate of 28%, while other investments may be taxed at a lower rate.In addition to capital gains tax, there may also be taxes on the purchase of gold, such as sales tax or value-added tax (VAT). These taxes can vary depending on the country and the type of gold investment. For example, in the United Kingdom, investment-grade gold is exempt from VAT, but other types of gold may be subject to the tax.

Gold has always been the barometer for the quality of paper “fiat” money.  Gold has no counter party, gold has no credit risk, gold has no liquidity risk and it is globally accepted and traded around the world.  There are two basic human instincts that create the need for people to own gold; the first one is the need to feel safe and secure and the second one is the want of something of great beauty.  These needs in humans are the same today as they were two thousand years ago.

There are so many different reasons for a person to opt for such a investment. It is all up to the person that for which purpose he wants to buy. A person might choose to buy these coins for investment purposes. If we talk about today, we know that our economy is in the face of downfall, investing in gold is the safest way to protect you from the downfall. Another reason to purchase gold coins is gold’s ability to increase in value. In the market, there is a high demand for rare gold coins among collectors.

Where to buy gold bars and coins

  • https://www.moneymetals.com/
  • https://silvergoldbull.com/
  • https://providentmetals.com/
  • https://www.jmbullion.com/
  • https://sdbullion.com/
  • https://www.apmex.com/ https://www.boldpreciousmetals.com/ https://monumentmetals.com/

When considering the purchase of gold coins, it’s essential to start by identifying a reputable bullion dealer with substantial experience in the industry. Verify that the dealer is affiliated with both the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC) to mitigate the risk of acquiring counterfeit gold.

For reliable platforms to purchase precious metals.

consider trusted names like JMBullion, the American Precious Metals Exchange (APMEX), and SD Bullion. Ensure to include delivery fees and insurance in your considerations to guarantee the safe transportation of your bullion. Reputable vendors such as Monument Metals, APMEX, and Provident Metals are excellent choices for acquiring gold coins. Prioritize sellers with a substantial sales history, particularly those with over 100 transactions, for added assurance, notably on platforms like Money Metals Exchange or JM Bullion in the US. Monument Metals stands out as my top recommendation due to their competitive prices and seamless transaction process. It’s significant; among the three online dealers I trust implicitly for transparent transactions, Monument is my preferred choice, alongside JM, BOLD, and APMEX. While SD Bullion remains acceptable, their prices have surged since the gold market’s dramatic rise last year. JM Bullion and APMEX maintain their reliability, especially during promotional events. Although I’ve heard positive feedback about Bullion Exchanges, I’ve yet to personally engage with them. With these reputable dealers, a $6k order is just a routine transaction.

BullionExchanges.com provides shipping options via FEDEX OnSite or to a PO Box, accepting echecks for orders totaling $99 and above with complimentary shipping. HeroBullion delivers to PO Boxes, accepts echecks for orders surpassing $149 with free shipping. MonumentMetals.com offers shipping via USPS, FedEx, or UPS to a PO Box, accepting echecks for orders over $199 with no shipping charges. BGASC.com ships via USPS or UPS to a PO Box and extends free shipping for orders exceeding $5k. However, if you come across a reputable local shop, no online dealer can outmatch their offerings.

I personally prefer procuring gold from local dealers due to their competitive pricing. Nevertheless, keep an eye out for promotions and assess your motives for purchasing. Local stores may extend special pricing for larger orders, and for significant amounts, reaching out directly may yield better rates. While differences in prices may not be substantial at this level, potential savings can still be significant, especially with a commitment to regular purchases.

Local establishments often present exclusive deals and opportunities to bid on estate holdings, making them valuable connections to cultivate. Many of these shops project a larger image than their actual scale, and fostering relationships with them can lead to unique buying opportunities. Exploring reputable establishments in major cities, such as Chicago or NYC, can be advantageous, particularly for frequent visitors. With a trusted local dealer, you can make purchases at your convenience and collect your orders during business trips, fostering rapport with these establishments can unlock more buying avenues, and the individuals behind these businesses often have fascinating stories to share.

In my personal experiences, I’ve had positive encounters purchasing gold online from Liberty, JM Bullion, and SD Bullion. Recently, I explored Hero Bullion for silver acquisitions and found their service commendable, although my engagement was limited to silver purchases.

For diversification and exploring offshore options, consider BullionVault, a platform situated in Singapore. Compare premiums across various payment methods, as using a credit card may entail higher costs. APMEX and JM Bullion are notable online retailers, with SD Bullion and Money Metals Exchange also enjoying positive reputations. However, bear in mind that APMEX typically offers a wide selection but with higher premiums.

Finally, be aware that smaller fractional denominations often command higher premiums relative to larger sizes. For instance, with the current gold price at $2300 per ounce, anticipate paying approximately $2350 for a 1 oz coin, around $1250 for a 1/2 oz coin, roughly $650 for a 1/4 oz coin, and about $265 for a 1/10 oz coin. Wishing you successful acquisitions and happy stacking!

While the premiums on gold are typically lower as a percentage of the spot price, they often require a larger upfront cash investment. It’s advisable to avoid purchasing bullion using a credit card. APMEX and JMBullion are trusted online bullion dealers known for their reliability and occasional sales.

Exercise caution when considering purchases from eBay or sellers without established reputations, as counterfeit items and scams are prevalent. Store your precious metals securely and refrain from disclosing ownership information.

In terms of product selection, prioritize bullion with high weight and recognizability over numismatics. American Gold Eagles are recommended as a reliable starting point..

Comparing Purchasing Gold Using a Credit Card versus Bank Wire.

Explore eBay, Costco, and Walmart for potential gold purchases, as selecting the right credit card can result in additional savings. Walmart, in particular, offers gold at reasonable prices. If you use a Capital One Walmart credit card for online purchases, you can enjoy a 5% cashback benefit.
On Reddit’s r/Gold forum, a user shared their experience with purchasing Walmart bullion at a 4.5% premium when using a credit card for payment. The post highlights the individual’s order details, emphasizing the importance of considering various retailers and credit card perks when venturing into gold investments. While the direct cost difference between credit cards and bank wires is approximately $100, the potential cashback from credit card use significantly alters the equation. With cashback incentives, the effective cost of using credit cards could be reduced to $25-35, compared to the $90 typically incurred with bank wires. This substantial difference indicates that shifting to credit card payments could offer a more cost-efficient solution.

Using APMEX as an example, they sell on eBay with pricing similar to their website. Utilizing PayPal on eBay can allow you to pay at the same check/wire price offered on their website.
Walmart is another viable option for gold, offering products that go through APMEX. For instance, a 1 oz APMEX bar priced at $2161.00 on the APMEX site and eBay can be found on Walmart for $2134.00. Opting to pay with a credit card incurs no fees, and you may even earn rewards if your card offers them.

Taxes on investment Physical Gold.


The IRS categorizes precious metals as “collectibles” for income tax purposes. Short-term gains on collectibles, held for less than one year, are taxed as ordinary income, akin to short-term capital gains. For gains on collectibles held over a year, they’re treated as long-term and taxed at a maximum rate of 28%. For those in lower federal tax brackets, your net long-term gains from collectibles are taxed at your standard rate. This “collectibles” classification encompasses various investment-grade gold and silver forms.

Investing in physical gold typically incurs federal capital gains taxes upon its sale, with rates contingent on the duration of ownership.
This discrepancy in tax rates may come as a surprise to investors, potentially reducing their anticipated profits after taxes. With the recent escalation of the conflict in Ukraine, more investors are turning to gold, often considered a “safe haven” during times of uncertainty, driving up prices.. For exemple, California imposes a 7.5% sales tax on gold, while Massachusetts exempts sales valued at $1,000 or more of certain precious metals from sales tax.

Do we have report to the IRS how much gold we are own?

We don’t !!! It’s not a requirement. But yes it does when selling gold, it is crucial to adhere to specific reporting criteria for bars, rounds, and coins. The reporting requirements depend on the purity and quantity of the precious metal products being sold, as outlined by the IRS to monitor potential tax obligations.

For gold bars and rounds, the purity threshold is a minimum of .995, and the total quantity must be 1 kilo (32.15 troy ounces) or more to trigger reporting obligations. Silver bars and rounds, on the other hand, require a purity of .999, with a total quantity of 1,000 troy ounces or more for reporting.

Palladium and platinum bars or rounds have slightly different criteria. Palladium must have a purity of .9995, and the minimum total quantity for reporting is 100 troy ounces. Platinum requires a purity of .9995, and a minimum sale of 25 troy ounces triggers reporting.

Moving on to coins, specific guidelines exist for reportable transactions. Notable coins include the 1 oz Gold Maple Leaf, 1 oz Gold Krugerrand Coins, 1 oz Gold Mexican Onza, and US coins with 90% silver content. Selling these gold coins requires reporting when the sale involves a minimum of 25 pieces. For 90% silver content US coins, transactions exceeding a face value of $1,000 must be reported.

It is essential to note that certain bullion products are exempt from reporting rules. Gold coins with fractional denominations, for instance, are not subject to reporting. Additionally, sales of Gold or Silver American Eagle Coins do not constitute reportable events. Familiarity with these specific criteria ensures compliance with IRS regulations when engaging in precious metal transactions.

Federal capital gains taxes upon investment gold.

Federal tax Capital gains taxes indeed apply to various types of assets known as capital assets. Here are some examples:

  • Stocks
  • Bonds
  • Digital assets, such as virtual currencies, stablecoins, and non-fungible tokens (NFTs)
  • Gems and jewelry
  • Your primary residence (in some cases)
  • Household furnishings (though usually exempt)
  • Your vehicle (though usually exempt)
  • Gold, silver, and other precious metals
  • Coin and stamp collections
  • Timber grown on your home property or investment property

However, if you’re looking to sell your gold coins in the United States, you should be prepared to pay taxes on any profits. When you buy and sell assets for a profit, you’re subject to capital gains tax at the federal level or at a general rate of 28%. This discrepancy in tax rates may come as a surprise to investors Gold coins, classified as assets, fall under this tax regime, with the amount owed contingent on factors like holding duration, profit size, and tax filing status. Additionally, some states may impose their own state-level taxes on gold bullion. For example, in California, gold bullion is subject to a state-level sales tax of 7.25%.

Buy SilverSell silverBuy goldSell Gold
0%Silver is considered as a collectible asset. USA applies the Capital Gains Tax with a rate of 28%.0%:Gold is considered a collectible asset. 28 % Capital Gains Tax on Gold and Silver. May vary from State to state. Alaska, Florida, Nevada, New HampshireSouth Dakota Tennessee, Texas, Washington, Wyomindon’t have a capital gains income tax.

Distinguishing between unrealized gains (potential profits on paper) and realized gains (actual profits from a sale) is essential for tax purposes. Short-term capital gains arise from assets held for under a year and are taxed at personal rates, ranging from 12% to 37% in 2024. Conversely, long-term capital gains, stemming from assets held over a year, are typically taxed at rates of 0%, 15%, or 20%, though gold coins, classified as collectibles, may be subject to a maximum rate of 28%.

Precious metals dealers are mandated to report specific transactions to the IRS, including sizable sales or cash payments exceeding $10,000, under penalty of fines or penalties.

To minimize taxes, it’s advisable to hold onto gold coins for at least a year and a day to access the lower long-term tax rates. Additionally, if you incur a loss upon sale, you can claim a capital loss deduction on your tax return.

Assets held for over a year qualify for favorable long-term capital gains rates, which are generally lower than short-term rates. This tax structure favors long-term investors, with short-term gains taxed at ordinary income rates, which can reach 37%.

Summary of capital gains tax rates for tax years 2023 and 2024:

  • Short-term capital gains: Taxed at personal rates, up to 37%.
  • Long-term capital gains: Subject to rates of 0%, 15%, or 20%, contingent on taxable income.

Understanding these tax implications is crucial for making informed decisions regarding the purchase and sale of gold coins.

Long-Term Capital Gains Tax Rates for 2024

Long-Term Capital Gains Tax Rates for 2024
Filing Status0%15%20%
SingleUp to $47,025$47,026 to $518,900Over $518,900
Head of householdUp to $63,000$63,001 to $551, 350Over $551,350
Married filing jointly or surviving spouseUp to $94,050$94,051 to $583,750Over $583,750
Married filing separatelyUp to $47,025$47,026 to $291,850Over $291, 850

Exchange-traded funds (ETFs) supported by precious metals such as gold and silver are classified as collectibles for tax purposes, subject to a 28% maximum federal tax rate on long-term capital gains. In contrast, traditional investments like stocks and bonds typically face a 20% top rate on profits. However, investors should be aware of certain nuances. The IRS considers ETFs backed by physical precious metals as collectibles, akin to art and coins, resulting in the higher tax rate on long-term gains.
💡Waiting at least one year before selling your gold is a sound strategy to minimize capital gains taxes. When you sell an investment within 12 months of purchasing it, the IRS categorizes any profit as a short-term capital gain. These gains are taxed at ordinary income rates, which may be higher than the rates for long-term capital gains.

Is there a tax an Online bullion Sales?

Yes. In 2018, the Supreme Court reversed a precedent set in the 1992 case Quill Corp v. North Dakota, which previously prevented states from taxing online sales if the seller had no physical presence in the state. The new ruling, South Dakota v. Wayfair Inc, allowed states to charge sales tax on online purchases, citing lost revenue due to the growth of online shopping. Consequently, online retailers are now required to adhere to state sales tax regulations, potentially affecting customers’ orders with taxes applied based on shipping addresses, including to storage facilities.

Gold IRA Investment – Physical Gold In Your Retirement Account.

Existing IRA to your gold IRA account.

Begin by liquidating your investments in your existing IRA and transferring the funds to your gold IRA account. Then, reach out to a reputable precious metals dealer to purchase gold using the funds within your gold IRA. Once acquired, the gold will be securely delivered to a designated gold depository for safekeeping. Remember, maintaining your IRA incurs a standard fee, alongside a separate charge for storage.

Utilizing IRAs to Minimize Tax Obligation on Gold

Leveraging tax-advantaged accounts is a savvy strategy. Options like 401(k) plans, individual retirement accounts (IRAs), and 529 college savings accounts offer growth with tax benefits. Within these accounts, your investments grow tax-free or tax-deferred, shielding you from capital gains taxes upon sale. Roth IRAs and 529 accounts stand out with substantial tax advantages. Distributions from these accounts, if qualified, are entirely tax-free, meaning your investment earnings remain untouched by taxation. While traditional IRAs and 401(k)s necessitate taxes upon retirement distributions, the upfront tax benefits make them valuable components of a tax-efficient investment plan.

Sales Tax on bullion Laws by State

Bestselling gold coins.

There are several gold coins that are considered to be best-selling on the market. Some of the most popular gold coins include: Moreover, exploring options like Swiss 20 franc gold coins and British Sovereigns can provide interesting alternatives. For the gold, 1-ounce .999 or higher fineness bullion coins are the way to go. American Gold Buffalos, Canadian Gold Maples, and UK Gold Britannias are solid choices. Keep ’em snug in plastic holders like Air-Tites. And don’t forget those series with changing designs, like Chinese Pandas or Australian Lunar New Year series—they tend to appreciate over time. Bars sell, but coins, especially bullions, pack more value. However, they might take a bit longer to sell. For coins, check out the major players based on location—Vienas, Eagles, Pandas, and more. Premiums matter; try to snag them at that sweet 1-3% over spot.
Some top picks: 50 Pesos and Sovereigns for good premiums, and stack those bullions—Buffalos, Eagles, Krugs. If you can get your hands on Gold Libertades, 1oz Pandas, or 8 Escudos, consider it a win.

  1. American Gold Eagle: This coin is produced by the United States Mint and is available in four different sizes: 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz. The American Gold Eagle is one of the most widely recognized gold coins in the world and is considered to be one of the most liquid gold coins on the market.
    • The American Gold Eagle is a gold bullion coin that was first minted by the United States Mint in 1986. The coin is available in four different denominations: 1 ounce, 1/2-ounce, 1/4 ounce, and 1/10 ounce. Each coin contains a specified amount of gold, with the 1-ounce coin containing one troy ounce of gold with a fineness of 0.9167 (22-karat). The coin’s face value is in US dollars: $50 for the 1 ounce, $25 for the 1/2 ounce, $10 for the 1/4 ounce and $5 for the 1/10 ounce. The coin’s design features a depiction of Lady Liberty on the obverse and an eagle on the reverse, making it a popular choice for both investors and collectors.
  2. Canadian Gold Maple Leaf: This coin is produced by the Royal Canadian Mint and is available in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz sizes. The Canadian Gold Maple Leaf is known for its high purity, with a gold content of 99.99%.
    • The Canadian Gold Maple Leaf is a gold bullion coin produced by the Royal Canadian Mint. The coin was first minted in 1979 and is available in several different denominations, with the most popular being the 1-ounce coin. The coin is made of 24-karat gold with a fineness of 0.9999, making it one of the purest gold bullion coins in the world. The coin has a face value of 50 Canadian dollars for the 1 ounce, 20 Canadian dollars for the 1/2 ounce, 10 Canadian dollars for the 1/4 ounce, and 5 Canadian dollars for the 1/10 ounce. The coin’s design features a depiction of the iconic maple leaf on the reverse and an effigy of Queen Elizabeth II on the obverse, making it a popular choice among investors and collectors alike.
  3. South African Gold Krugerrand: This coin is produced by the South African Mint and is available in 1 oz size. The South African Gold Krugerrand is the first modern gold bullion coin and is considered to be one of the most widely traded gold coins in the world.
    • The South African Gold Krugerrand is a gold bullion coin produced by the South African Mint. The coin was first minted in 1967 and is available in several different denominations, with the most popular being the 1 ounce coin. The coin is made of 22-karat gold with a fineness of 0.9167 and has a face value of 1 Rand. The Krugerrand is unique in that its value is based on the current gold price rather than a face value. The coin’s design features a portrait of Paul Kruger, the first President of the South African Republic, on the obverse and the national symbol of the springbok antelope on the reverse, making it a popular choice among investors and collectors.
  4. Chinese Gold Panda: This coin is produced by the People’s Bank of China and is available in 1 oz, 1/2 oz, 1/4 oz, and 1/10 oz sizes. The Chinese Gold Panda is known for its intricate designs featuring the national symbol of China, the panda.
    • The Chinese Gold Panda is a gold bullion coin produced by the People’s Bank of China (PBOC) and the China Gold Coin Corporation. The coin was first minted in 1982 and is available in several different denominations, with the most popular being the 1-ounce coin. The coin is made of 99.99% pure gold, one of the purest gold bullion coins in the world. The coin’s face value is different than the denomination, for example, the face value of the 1-ounce coin is 500 Yuan. The coin’s design features a depiction of the panda, a symbol of China, on the reverse, with the denomination and the year of issue on the obverse. The design of the panda changes annually, making it a popular choice among collectors as well. Regenerate response
  5. Australian Gold Kangaroo: This coin is produced by the Perth Mint and is available in 1 oz size. The Australian Gold Kangaroo is known for its unique design featuring the national symbol of Australia, the kangaroo, which changes annually.
    • The Australian Gold Kangaroo is a gold bullion coin produced by the Perth Mint. The coin was first minted in 1986, the coin was known as the Australian Gold Nugget but was later changed to the Australian Gold Kangaroo in 1989. The coin is available in several different denominations, with the most popular being the 1-ounce coin. The coin is made of 99.99% pure gold, one of the purest gold bullion coins in the world. The coin’s face value is different than the denomination, for example, the face value of the 1 ounce coin is $100 Australian dollars. The coin’s design features a depiction of the kangaroo, a symbol of Australia, on the reverse, with the denomination and the year of issue on the obverse. The design of the kangaroo changes annually, making it a popular choice among collectors as well.

Eagles, Canadian Maple Leafs, and Krugerrands

American Eagle Gold Coins

The elegance and essence of America are encapsulated in the graceful Striding Liberty, a design by Augustus Saint Gaudens for the 1907-1933 $20 U.S. Double Eagle gold coin. The reverse side portrays a nest of American eagles, symbolizing the strength and security of American families. These gold coins are distinctive as the U.S. government guarantees their weight, quality, and purity. Strictly adhering to the law, only gold mined in the United States is used for minting American Gold Eagles. Since their introduction in 1986, these coins, available in one-ounce, half-ounce, quarter-ounce, and one-tenth ounce sizes, have evolved into the world’s most widely traded gold bullion coins.

U.S. Government Guarantee

What sets the American Eagle apart is its unique backing by the United States Government, ensuring the weight, content, and purity of each coin. Buyers can confidently acquire them, knowing that every coin contains its stated amount of gold. These coins require no assaying, facilitating easy conversion to cash at any time without concerns or penalties.

Tracking the value of American Eagles is straightforward. Most major newspapers, television, and radio networks report the current spot price of gold. The value of each American Eagle is based on this price, along with a small premium covering mintage and distribution costs.

Specifications

Gold ContentDiameterThickness
1.0000 Troy oz32.7 mm2.87 mm
0.5000 Troy oz27.0 mm2.15 mm
0.2500 Troy oz22.0 mm1.78 mm
0.1000 Troy oz16.5 mm1.26 mm

Canadian Maple Leaf Gold Coins

The Royal Canadian Mint is globally recognized for its impeccable standards of quality and purity. The Canadian Maple Leaf, at 99.99% purity, is the purest gold bullion coin worldwide. Guaranteed by the Government of Canada and traded in world markets since 1979, it has become one of the most coveted coins globally. Available in four sizes: one-ounce, half-ounce, quarter-ounce, and one-tenth ounce.

Specifications

Gold ContentDiameterThickness
1.0000 Troy oz30.0 mm2.87 mm
0.5000 Troy oz25.0 mm2.20 mm
0.2500 Troy oz20.0 mm1.78 mm
0.1000 Troy oz16.0 mm1.13 mm

South African Krugerrand Gold Coins

The Krugerrand from South Africa is the most widely owned bullion coin globally, with over 46 million ounces in circulation since its inception in 1967. Featuring the graceful Springbok antelope on the reverse side and Paul Kruger, the last president of the Republic of South Africa, on the obverse, the Krugerrand is available in four sizes: one-ounce, half-ounce, quarter-ounce, and one-tenth ounce.

Specifications

Gold ContentDiameterThickness
1.0000 Troy oz32.6 mm2.75 mm
0.5000 Troy oz27.0 mm2.24 mm
0.2500 Troy oz22.0 mm1.83 mm
0.1000 Troy oz16.5 mm1.19 mm

Pre-1933 U.S. Gold Coins

The first gold coins issued by the United States Mint were in 1795. As the country expanded west, U.S. gold coins were struck at 7 different mints from Philadelphia to San Francisco. From 1838 to 1907, $20 Liberty Head gold coins were minted. $20 Saint Gauden gold coins were minted from 1907 to 1933.

In 1933, during the height of the Great Depression, President Roosevelt made holding gold illegal for U.S. citizens, and ordered all gold coins removed from circulation and returned to the U.S. Treasury. Millions of gold coins were melted into gold bars.

After the U.S. gold recalls and meltdowns, previously common Gold Coins suddenly became very rare and difficult to obtain. Today, the total surviving pre-1933 U.S. gold coin supply is limited. Estimates have less than 1% surviving. Now, such coins are prized by rare coin collectors and investors alike.

U.S. gold coins minted before 1933 are individually valued based on date, rarity, appeal among collectors, and state of preservation known as grade. Please contact us about current availability or with offers to sell. Prices are for sample items, individual prices vary.

Coin Facts:

  • $20 Liberty Head gold coins were minted from 1838 to 1907.
  • $20 Saint Gauden gold coins were minted from 1907 to 1933.

British Sovereign Gold Coins

British Sovereign gold bullion coins are nickel-size gold bullion coins that were struck worldwide at the height of the British Empire.

First introduced in 1816, the British Sovereign gold coin came to be the world’s most widely distributed gold coin, a distribution which grew along with the British Empire to be minted in Pretoria, Bombay, Ottawa, Melbourne, Perth, and Sydney. Hundreds of millions of Sovereigns were struck at their peak of distribution in the late 1800s and early 1900s.

A large supply of gold Sovereigns and continued hoarding and trade all over the world cause these nickel-sized gold coins to be available today at bullion pricing. These coins portray the reigning monarch (sovereign, hence the name) on one side, and Pestrucci’s St. George slaying the Dragon on the other.

Market Value
Sovereign pricing is based on the current market “spot price” plus a premium per coin. The spot price of gold (and all precious metals) is reported every business day in all major newspapers, network television and radio and online.

SpecificationsValues
Gold Content0.2354 troy ounce
Diameter22.05 mm
Thickness1.52 mm
Purity0.917
Total Weight0.2568 troy ounce

Self Directed Gold IRA


A gold IRA or precious metals IRA functions as an Individual Retirement Account wherein physical gold or other approved precious metals are held in custody for the benefit of the IRA account owner. It operates similarly to a regular IRA, but instead of housing paper assets, it contains physical bullion coins or bars. Typically, precious metals IRAs are self-directed, allowing for a more diverse range of investments within the account.

Initially restricted to American Eagle gold and silver coins, the scope of IRAs has expanded significantly. Today, IRAs can invest in IRS-permitted gold, silver, palladium, and platinum bullion and coins, thanks to the Taxpayer Relief Act of 1997. The Act broadened the range of precious metal holdings allowed in IRAs to encompass one, one-half, one-quarter, or one-tenth ounce U.S. gold coins and one-ounce silver coins minted by the U.S. Treasury Department, along with certain foreign coins.

For precious metals to qualify as IRA allowable and be accepted by entities like STRATA, they must meet specific minimum fineness requirements. Gold must be 99.5% pure, silver 99.9%, and platinum and palladium both 99.95% pure. Additionally, bars, rounds, and coins must be produced by accredited/certified refiners, assayers, or manufacturers and meet minimum fineness standards.

Proof coins must be encapsulated in original mint packaging, in pristine condition, and accompanied by a certificate of authenticity. Small bullion bars (excluding specific sizes) must adhere to exact weight specifications, while non-proof (bullion) coins must be in brilliant uncirculated condition and free from damage.

Acceptable gold products for inclusion in a precious metals IRA encompass various bullion coins, such as American Gold Eagles, Canadian Gold Maple Leafs, and Australian Kangaroo/Nugget coins, along with gold bars and rounds produced by approved refineries or mints.

Storage of precious metals in IRAs is subject to IRS regulations, requiring assets to remain in the custody of a trustee or custodian, rather than individual possession. All IRA trustees, including nonbank entities, must demonstrate compliance with Treasury standards of accounting, auditing, reporting, and asset security to the IRS.

Gold Coins Allowed In Self Directed IRA.

  • American Gold Eagle bullion and proof coins
  • British Gold Britannia coins (from 2013)
  • British The Queen’s Beasts (coin)
  • British gold Shēngxiào Lunar Series (British coin)
  • Canadian Gold Maple Leaf coins
  • Austrian Gold Philharmonic coins
  • Australian Kangaroo/Nugget coins
  • Chinese Gold Panda coins
  • American Gold Buffalo uncirculated coins (proofs not allowed)
  • Gold bars and rounds produced by a NYMEX or COMEX-approved refinery or national government mint, meeting minimum fineness requirements.
    • Bars and rounds produced by manufacturers accredited by Nymex/Comex, LME, LBMA, NYSE/Liffe/CBOT, and ISE-9000 or a national mint. The minimum finenesses for bars are: Gold .995+,

What are the best brands of gold bars to buy?

If you’re considering investing in gold, the market offers a plethora of options, and among the top brands in Europe and North America, Valcambi, PAMP Suisse, and Argo-Heraeus stand out. PAMP Suisse, a Swiss market leader since the 1970s, is renowned for its unique designs and gold bars with a minimum fineness of 999. The use of scanning technology for verification adds an extra layer of security for investors. Credit Suisse, another Swiss brand, collaborates with Valcambi SA for manufacturing, offering gold bars in various sizes, including special edition Liberty bars. The Royal Canadian Mint, owned by the government of Canada, is recognized for its gold coins and bars, featuring a distinctive security element in the form of a small maple leaf symbol. Valcambi Suisse, known for its combibar, gained popularity during the European financial crisis of 2011-2012. Perth Mint, a prominent Australian mint, is renowned for its elegant designs and offers gold bars in various sizes, sealed with assay certificates. Argor-Heraeus, a Swiss brand, offers gold bars in different sizes and is noted for its uniqueness.

Collecting coins and prioritizing bars for stacking is a practiced strategy, especially when the local jewelry shop consistently offers a favorable deal, paying at least $50 over spot for both 1 oz bars and coins. The investor’s approach centers on choosing the most cost-effective bars to maximize returns during potential sales, focusing on the generic options with the lowest premiums. When considering a return to the gold market, the investor contemplates 10-gram bars, anticipating a higher premium but banking on long-term gains as spot prices rise. Fractional bars become an attractive option for easier selling when spot prices reach $2k per ounce. Beyond personal experiences, the article introduces a diverse range of gold bars from trusted manufacturers, assessing options like Credit Suisse’s traditional recognizable design and Johnson Matthey’s historical significance (now under Asahi). Innovative choices, such as Valcambi’s combi bars that can be split into smaller units for enhanced liquidity, add a unique dimension to gold investments. Noteworthy minted bars from Royal Canadian Mint and Royal Mint, with distinctive designs and security measures, enrich the landscape. Throughout, the article underscores the importance of IRA eligibility, low premiums, and ease of verifying authenticity when choosing gold bars for long-term wealth preservation.

Table of Best Gold Bar Brands for Investment.

Regarding gold bars, those from Swiss refineries like PAMP Suisse Lady Fortuna and Credit Suisse are popular choices. For those seeking lower prices, generic gold bars are an option, though they may not be in perfect condition.

BrandLocationNotable FeaturesPopular Products
PAMP SuisseSwitzerlandUnique designs, high-quality with 999 fineness, PAMP app verification VERISCAN™ Among minted assayed gold bars, PAMP Fortuna gold bar Minted Bar 1 oz are the favorites
Credit SuisseSwitzerlandManufactured by Valcambi SA, various sizes availableGold bars from 50 gram to 10 Oz for decades, Now the 1 Ounce Credit Suisse Gold bar. 
Royal Canadian MintCanadaGovernment-owned, unique security feature with maple leafGold bars and coins, including the famous Gold Maple Leaf design
Valcambi SuisseSwitzerlandKnown for combibar, gold bar that can be broken downCombiBars, various gold bar sizes
Perth MintAustraliaElegant designs, 999+ pure gold, sealed in assay certificatesGold bars in various sizes, including 1 ounce and 10 ounce bars
Argor-HeraeusSwitzerlandAvailable in different sizes, renowned for uniquenessGold bars ranging from 1 gram to 1 kilogram

In the gold bar industry, preferences vary, and some brands may become more sought after over time. For instance, Johnson Matthey bars, although no longer produced after the company sold its refining business, are gaining premium value in the market. While PAMP Suisse remains highly popular and recognizable, the industry consensus is that as long as the gold is 999 fine and from a recognized mint, it is a secure investment. However, caution is advised, especially with bars in assay cards, and using tools like a Sigma to test for authenticity is recommended, given the presence of Chinese counterfeits in the market. Whether you choose the elegance of Perth Mint, the uniqueness of Argor-Heraeus, or the high-quality assurance of PAMP Suisse, exploring and verifying your investment is crucial for a satisfying acquisition.

PAMP Fortuna gold bar Minted Bar 1 oz.

The PAMP Fortuna gold bar is a highly regarded investment option, known for its exceptional quality and intricate design. It is produced by PAMP Suisse, a leading precious metals refinery based in Switzerland. The bar contains 99.99% pure gold (24 carats) and features the iconic Lady Fortuna design, depicting the Roman goddess of luck and fortune. The 1 oz gold bar has a thickness of 1.66 mm and dimensions of 24 x 41 mm. You can authenticate any registered PAMP product within or without its sealed CertiPAMP™ assay card packaging. 

The Lady Fortuna, a symbol introduced by PAMP in 1979, marked a significant milestone as the inaugural gold bullion brand featuring intricate designs on the reverse of its minted bars. PAMP’s dedication to artistic craftsmanship sets it apart as a globally renowned mint. The VeriScan app enhances security, allowing for QR code authentication and bar verification, establishing the authenticity of each Lady Fortuna bar.

While PAMP holds international recognition, it is essential to consider resale factors. Personally, the PAMP Suisse bar stands out for its superior global resale value. However, if you are based in the UK, the Britannia might offer a quicker and more profitable resale, aligning with local market preferences.

Notably, PAMP faces the challenge of being one of the most counterfeited brands in the market. As a buyer in the USA, the demand for PAMP products is likely higher, making it a preferred choice despite the marginally higher cost (~0.5%). The Veriscan feature adds an extra layer of assurance for those concerned about counterfeit risks. Ultimately, the choice between PAMP and other options hinges on your location, resale considerations, and personal preferences.

Pros:Cons:
1. High Purity: 99.99% pure gold (24 carats), a valuable investment1. Premium Price: May have a higher cost due to quality and design
2. Exquisite Design: Features the iconic Lady Fortuna design, adding an artistic touch2. Market Volatility: Value susceptible to market fluctuations
3. Swiss Quality: Manufactured by PAMP Suisse, known for exceptional quality
4. Liquidity and Acceptance: Good value for liquidity, transportability, and international acceptance

In summary, the PAMP Fortuna gold bar is a highly pure and exquisitely designed investment option. However, potential buyers should consider the premium price associated with its quality and design, as well as the inherent market risks linked to gold investments.

The Credit Suisse 10 Oz gold bar.

Credit Suisse, while not widely considered the most sought-after brand, holds significant recognition. With a prevalent presence in the late ’90s and early 2000s, they feature a more traditional design for both their 50-gram and 100-gram bars. These bars have been available in the markets since the 1960s in the United States, garnering a collectible premium. Although not overwhelmingly significant, there is a discernible level of collectibility associated with bars of this nature. The Credit Suisse 10 oz gold bar, a highly tradeable gold investment product, is produced by the reputable Credit Suisse, a well-known name in the precious metals industry. Made from 99.99% fine gold bullion, each bar is individually serialized and accompanied by an assay card for authenticity verification. Featuring the Credit Suisse stamp, a unique serial number, and sealed in tamper-evident packaging, this bar is eligible for Precious Metals IRAs. Recognized worldwide in gold bullion markets, the 10 oz Credit Suisse gold bar is a favored choice for investors seeking to enhance their portfolios with high-quality, low-premium gold bullion. The bar’s dimensions are as follows: Length – 58.7 mm (2.311 inches), Width – 33.0 mm (1.299 inches), Thickness – 9.5 mm (0.374 inch).

ProsCons
1. High Purity: Guaranteed 24-karat, 0.9999 pure gold (99.99%).1. Liquidity: Larger bars may be harder to sell quickly due to higher price.
2. Reputable Brand: Produced by Valcambi, a respected Swiss refinery associated with Credit Suisse.2. Counterfeit Risk:Market has counterfeit products; caution needed, purchase from reputable sources.
3. Certification: Each bar comes sealed in original Credit Suisse packaging with a certificate3. Storage: Larger bars require more storage space and may need secure storage solutions
4. Lower Premiums: Larger bars often have lower premiums over spot price compared to smaller bars.
5. Traditional swiss Design: Aesthetic value appreciated by collectors with classic bank designs.

It’s crucial to consider an individual’s financial goals, current portfolio, and risk tolerance when evaluating the suitability of a 50 gram gold bar as an investment. Seeking advice from a financial advisor or reputable gold dealer is recommended before making such an investment decision.

With the acquisition of Credit Suisse by UBS, memorabilia featuring the Credit Suisse name and logo, including gold bars, gained popularity among collectors. These items hold appeal for individuals seeking to possess a piece of financial history. Gold bars bearing the Credit Suisse name were made available for purchase on well-known online marketplaces. Beyond the standard gold bars, there are also special edition bars that attract collectors. One notable example is the 10-gram Gold Bar – Credit Suisse Statue of Liberty, which has become a sought-after item among collectors.

Is a gold bar less valuable if its plastic assay packaging is missing?

When it comes to bullion, the packaging shouldn’t be a deal-breaker. People are after the gold weight, plain and simple. Original packaging might come in handy for sketchy deals, but any reputable shop should be able to verify without it. Out of assay? It’s actually easier to verify, and let’s face it, there are plenty of in-assay fakes floating around.

Does it drastically slash the price?

Nah, not a huge hit, but it’s something. Test the market yourself – try selling one with the assay card and one without on eBay. The assay itself adds a premium, so taking it out means waving goodbye to that extra cash. Personally, I’d keep the sealed one and snag some flashy coins for handling.
Now, if you’re feeling a bit savvy, go for the opened one at a discount from the get-go. Capitalize on those who put too much stock in plastic. Exactly – buy at a discount when it’s open. Make sure to get everything tested with sigma, check weights, dimensions, and details. I’m not saying ditch the assay, that’s stamped and part of the gold’s essence. We’re talking about that extra layer of plastic.
With counterfeits, that plastic might only add a few bucks, not a game-changer. I’d personally go for the original packaging before risking it without. It won’t stop the fakes, but it adds more info to double-check and potentially spot a fake – especially if you’re not carrying around a scale, a tank of water for volumetric measurements, or a sigma device. Just to clarify, there are plenty of fake slabs out there, but the extra step makes it more obvious, gives an extra chance to spot it, and slabs can still undergo testing on sigma. It’s a bit of an extra precaution that many don’t bother with, making it less likely to get scammed.

In the UK, removing a gold bar from its blister packaging costs just under £10.

Here’s my analysis: determine the additional premium this incurs, add it to the original premium you paid, and consider if you would still proceed with the purchase at this total cost. If the answer is affirmative, then you may remove the packaging. For example, extracting a 1g bar from its blister entails an additional 15% premium. Given the already high premiums associated with smaller quantities, I find it uneconomical.

Additionally, you can purchase separate boxes designed for storing blister packs, which is beneficial if you have multiple blister packs. To clarify, the blister packaging itself is approximately valued at £8.

Gold bars in blister packs tend to retain their premium well when sold privately, often fetching the best prices. Given the choice between a blistered and an unblistered bar from TRM, I would opt for the one still in its blister packaging. For those who wish to handle their gold physically without incurring extra premiums, consider purchasing gold that is not blister-packaged from the outset. This approach allows you to enjoy your gold without additional financial burden.

These so-called “assay” cards can’t be trusted; they’re not foolproof and can easily be counterfeited. When the gold lands in the hands of a broker, dealer, refiner, or buyer, you bet they’ll tear open any subpar packaging and chuck it where it belongs: in the trash. Just last month, I had to part with some gold I had. The broker immediately ripped open the assay card for testing, making me rethink the whole notion of preserving everything in original boxes.

Storage

The storage of precious metals is a bit more nuanced. What option to choose certainly varies from person to person, depending on their personal situation, considering factors such as what metals they have, how much, and how safe they want it to be.

Many opt for keeping their gold, silver, or other physical holdings at home. Often in a safe located within their house. Others get more creative, including secret hiding spots or burying it in their yard. Keeping a certain (small e.g. 5-8%) percentage of the metal you own rarely if ever, presents a problem. However, storing most or all of your precious metals at home may be unwise, depending on your setup and situation.

Comparing an at-home safe to an ultra-high secure storage facility, and the latter is usually better in terms of protection from criminals. Storing gold or silver off-site can help both the safety of your metals and you.

As well, with the off-site alternative, more extensive insurance, and greater liquidity is possible (meaning you can buy or sell quickly).

In choosing a private vault facility, several considerations are necessary. On the insurance side, ideally, all-risk insurance including mysterious disappearances is offered. Then, you need to assure there is no counter-party risk, meaning you can own your assets outright, and it does not exist on the balance sheet of the company.

For this, segregated storage can be ideal for some. Meaning the metals are 100% yours and separate from other people’s holdings.

The costs associated with storage usually include a recurring storage fee (often annual and a percentage of the value of the metals) and insurance (which may or may not be included in the standard fee).

Long-Term Capital Gains Tax Rate for U.S. Shareholders: Implications for Precious Metal ETF Investments

Exchange-traded funds (ETFs) linked to precious metals like gold and silver face a distinctive tax treatment, being classified as collectibles by the IRS. This categorization subjects them to a higher federal tax rate of 28% on long-term capital gains, unlike the 20% rate applied to traditional investments such as stocks and bonds. This disparity can catch investors off guard, impacting their net profits post-tax. The recent surge in gold investment amid the Ukraine conflict highlights the importance of understanding these tax implications. While investors may perceive ETFs as akin to stocks, the IRS deems them collectibles due to their backing by bullion. Consequently, when ETFs are physically backed by metals like gold or silver, selling shares is treated as selling the metal itself, triggering the 28% tax rate on collectibles. This tax regulation, elucidated in a 2008 IRS memo, affects ETFs structured as trusts, including popular options like SPDR Gold Shares (GLD) and iShares Silver Trust (SLV). Notably, holding precious-metal ETFs in an individual retirement account avoids this tax issue, with Roth IRA investors enjoying tax-free growth. However, affluent investors across asset classes, including collectibles and stocks, are subject to an additional 3.8% Medicare surtax.

Precious metal ETFs

Precious metal ETFs (e.g., gold, silver, platinum, and palladium) are backed by physical reserves of these metals, with each ETF share representing ownership in the respective metal.
Metals ETFs provide investors with exposure to various metals by either holding the physical commodity itself or investing in futures contracts. This allows investors to gain exposure to metal prices without the need to directly own or trade physical metals

Consequently, these ETF shares are categorized as collectibles. Examples of well-known gold ETFs include SPDR Gold Shares (GLD), iShares Gold Trust (IAU), and ETFS Physical Swiss Gold Shares (SGOL).

Mining ETFs


Mining ETFs typically focus on companies engaged in various stages of the mining process, including exploration, extraction, and distribution of metals and other commodities. Here are some examples:

  1. Global X Gold Explorers ETF (NYSE: GOEX): This ETF concentrates on companies primarily involved in the exploration of gold resources.
  2. iShares MSCI Global Metals & Mining Producers ETF (BATS: PICK): This ETF provides exposure to global companies engaged in the production of metals and mining activities.
  3. U.S. Global GO GOLD and Precious Metal Miners ETF (NYSE: GOAU): This ETF targets companies involved in gold and precious metal mining and related activities.
  4. VanEck Steel ETF (NYSE: SLX): While not exclusively focused on gold, this ETF invests in companies related to the steel industry, including mining companies involved in steel production.
  5. SPDR S&P Metals and Mining ETF (NYSE: XME): This ETF tracks companies involved in various aspects of the metals and mining industry, including exploration, extraction, and production.

Tax Advantages ETFs that focus on mining companies

You can mitigate the impact of higher tax rates by considering alternative investments within the gold sector. For instance, opting for gold stocks and ETFs that focus on mining companies rather than physical gold can provide a tax advantage. These investments are subject to the standard capital gains tax brackets of 0%, 15%, and 20%, potentially resulting in a lower tax liability.

Another avenue to explore is investing in gold futures, which offer a preferential tax rate. According to the 60/40 rule, 60% of futures capital gains are taxed as long-term capital gains, while the remaining 40% are taxed at short-term capital gains rates, aligned with your regular income tax rate, irrespective of the duration of holding. This favorable tax treatment can often result in lower tax payments compared to short-term holdings of stocks.

What is your reason for investing in gold? My personal point of view.


For me, investing in gold goes beyond financial strategy; it’s deeply personal. It’s about safeguarding my hard-earned wealth, ensuring it retains its value even in tumultuous times. Reflecting on the ’90s, when gold was priced at $250/oz, I remember the significance it held, not just as an investment, but as a symbol of stability and security.

Gold is real money, everything else is credit

JP Morgan

My reason for investing in gold would be to diversify my investment portfolio, protect against inflation, benefit from its stability during economic and geopolitical turmoil, and have a tangible asset that can be easily liquidated when needed. Gold has historically maintained its value, acted as a hedge against inflation, and shown a negative correlation with other asset classes, making it a valuable addition to an investment portfolio

I view gold not just as a means of making money, but as a form of insurance against the erosion of fiat currencies. It represents tangible wealth, something I can rely on when the value of traditional currencies fluctuates. Unlike investments tied to the performance of markets, gold stands as a steadfast asset, unaffected by the uncertainties of economic cycles.

ve got me here what are you going to do with me ?
Although that saying did not relate to gold coins, (It was a bit naughty) the same saying is true of gold coins and bullion. (no – bouillion is a French soup and it does not keep well after two days !) Seriously though once you have purchased gold coins or bars you have a fairly immediate problem. That is How and where are you going to store coins.
Storing Gold coins is the main problem for most collectors…

The answer is not simple – a few gold coins can be kept in a 10 coin sovereign case which is padded and protects your coins well.
These are available here on ebay. Or at Amazon. These fit easily into any drawer or bureau.

Smaller Collections, 1 to 20 gold coins.

Single gold coins usually come in protective covers tren in tube then in a small box and are easily hidden either in your home or office (under the floorboards or under the loft insulation in a box or plastic bag seems to be a favorite for many people.
I have heard of some people who prefer hiding a few coins under a carpet – just use your imagination to find somewhere in your own home that is easily overlooked but not somewhere that can be found by treading on it accidentally.

Larger collection, 20 to 100 gold coins.

The main problem seems to be when an investor has a quantity of Gold Sovereigns or Gold Eagles to store safely.
Home insurance is usually limited to a collection of around $1500 to $2000 but check with your insurer to see how much you are covered for on your household policy.
If you understate the amount, you have then the insurance company will usually not pay out at all. Or at a lower rate.
Single valuable coins should be listed separately on your insurance policy.

If you have a safe at home then please use it (and don’t leave the combination lying around for a burglar to find!)

Gold coins Storage: Home or Safety Deposit Box?

Quick fact

  • There have been cases when people died suddenly without a chance to inform their family whether and where they have stored or hidden their precious metals. As a consequence, some of those metals were never transferred to the hands of their family as wanted.
  • In a confiscation scenario, any access to safe deposit box contents will be monitored by bank personnel and/or government personnel.
  • in the event of a SHTF scenario or major economic collapse you may lose access to your precious metals if the situation involves the Bank(s).
  • Best to store gold coins and high value numismatic coins in a safety deposit box. However, since silver bullion takes up a lot of space, it’s best to store silver at your house.
  • multiple places stack divided up…. therefore, if you take a hit… you never get hit for everything.

How to store gold coins at home?

I often get asked how to store Gold Coins which I think is a universal question that can be applied not only to coins but all types of physical gold. Any investment into gold coins is going to raise the obvious question of; how to store them?

There are several popular ways to store your gold coins and protect their integrity. The methods will differ on where you intend to keep the coins. Storing them in your house has different challenges than having them in a safety deposit box or holding company.

One of the most important parts of storing multiple gold coins is ensuring they are not touching. That way they have no chance to oxidize together, wear against each other, or cause damage and gouging to the actual coin. This is even more integral with historical gold coins whose value is typically based off of the historical value of the coin as opposed to the value of the gold. The value of gold is almost always lower than the actual physical amount with historical coins. That is mainly due to the purity.

Your modern coins can be kept apart through a number of different methods. One of the more popular is to use plastic cases for the coins. They will seal in an individual coin, keep it airtight, significantly slow oxidation, and protect the physical surface. It is best to inquire with the dealer about which cases are most appropriate. Cheaper or poorly made plastic holders can tarnish the coin or cause subtle amounts of damage to it. This is an excellent method for long-term storage.

Coin pages are a decent choice for short-term display of your gold coins. It is not recommended to store them in pages for a long period of time. They tend to run into the same challenges that poorly made individual plastic holders have. That type of holder is simply not that appropriate for long-term storage.

There are a variety of other types of dividers and holders. Some owners even opt to keep their coins divided in different envelopes. It is simple but not as effective as a plastic casing for your coins. Methods such as wood and paper dividers also fall in the same categories. They are useful but not optimal.

Store at home with Safe Box for gold.

Home safes vary in quality and more expensive ones may be a wise investment. Do not bother with safes disguised as food containers – burglars know all about these.
Wall mounted safes hidden behind pictures are good as these are built into the actual fabric of the building. Underfloor safes work well if you have easy access. In Australia many stores have larger safes built into their floor with an easy access to contents on a time lock basis.

What safe is the best for storing my gold?

Safes under a certain price point might not offer adequate security for valuables like gold and silver. It emphasizes the need for a substantial safe, advises against cheap options, and recommends specific hiding spots for valuables.


When it comes to safeguarding your valuables like gold and silver, aiming for a safe under $1400 may not guarantee security. Investing in at least a TL-15 rated safe is strongly advised. While exploring safes under $500, such as the rpnb home safe, it’s essential to seek guidance for a more robust option.

Safes retailing for less than $1000 might not offer the security needed. Seeking a second-hand, real coin shop-type safe can provide better protection. A quality safe should be weighty enough that it requires a dolly and two people to move, and it should be bolted into the floor or wall for added security. An ideal safe would deter about 95% of potential criminals and offer fire resistance to a certain extent.

Finding a used TL and fire-rated Amsec safe for $700 was a stroke of luck, highlighting that $500 typically won’t secure a worthwhile safe. In cases where a TL-15 or TL-30 safe isn’t feasible, hiding valuables in unconventional spots might be a better option, like stashing them in a cereal box at the back of the pantry.

However, caution is advised against solely relying on a safe. A safe can attract attention and indicate something valuable is stored within. It’s recommended to keep valuables hidden and secret, employing tactics like using a decoy safe in an obvious place while concealing the real one elsewhere.

Additionally, it’s crucial to avoid sharing information about possessing gold, refrain from common hiding spots like the bedroom or master bathroom, and choose hiding places that won’t be easily forgotten or discarded.

Some ideas for hiding valuables include using decoy safes, fireboxes in unexpected spots like the pantry or attic, or exploring hidden spaces within walls, floors, or cabinets. Disguised safes, like book safes or planter safes, can also be effective in concealing valuable items.

Remember, the primary goal is to secure valuables in a manner that dissuades potential thieves and ensures they remain hidden and protected.

some of the best types of safes for storing gold include those with high security features, fire and waterproof protection, and ample capacity.

Steelwater AMSWFB-1054: This safe offers 9.57 cubic feet of space, high security features, and resistance to fire and water. It is designed to protect valuable items such as gold from potential theft or damage.

  1. Honeywell Safes & Door Locks: Another recommended safe with 2.39 cubic feet of space, strong security features, and a good rating for fire and water resistance. It provides a secure storage option for gold and other valuable items.

Best way to bury gold.

The next step up is to bury your gold. – this is not a joke!
Burying gold has long been the favorite storage method of most politicians and despots since time immemorial.
The Nazis for instance hid huge amounts of gold in caves in Austria (a bit extreme admittedly but certainly a safe place!)
War causes huge problems with security for your gold coins.
Plan for easy access for you and helpful people at the storage facility.

It is a fact that for thousands of years merchants and collectors have buried gold coins for two reasons.

  • gold is difficult to damage because it is a noble metal (only very strong acids or mercury will damage gold).
  • Burial is a fairly secure way to keep that little nest-egg secure (although it is unlikely that you would store gold in proximity to such substances).

There are three disadvantages though one is that you forget where you buried your gold, the second is that something might happen to you an accident or a bolt of lightning or another unexpected and unfortunate happening. The third possibility is that your life partner may dig it up and move away with your coins. (it has been known to happen)

Anyway, I strongly suggest that you write out the whereabouts of your hoard and keep it either with your will or another safe place for your wife/husband/partner to find later preferably after your death. Just this week for instance, a pot containing 10,000 coins was discovered by a treasure hunter in Shrewsbury England.
I expect the original owner in Roman times was seriously expecting to retrieve them later.

Banks And Secure Storage.

A larger amount of gold is frankly more secure in the vaults of a Bank, Safety Deposit or Bullion Dealer.
The amounts these institutions charge varies from $25 a year upwards depending on the conditions of the company.
You must insure your coins against theft – criminals DO target these institutions.

(Butch Cassidy said it all when asked why do you rob banks he replied –it’s where they keep the money!)

Sadly banks, safe deposits and bullion dealers do sometime go bust. It is ESSENTIAL that if you place a large quantity of gold coins or bullion you must have an ALLOCATED storage area.
Allocated storage areas differ from other storage areas in the premises where if the bank/deposit etc goes bust the gold is not then treated as an asset of the bank/deposit.
This is called a non-fungible allocated area.

You should investigate the finances of any Bank or safe deposit before trusting them with your gold. It has been known for fake safe deposit companies to set up and decamp with the contents!

Even very large Banks have recently gone out of business.

If you visit the vaults of any major bullion dealer/mint you will see shelves and shelves of deposits from private individuals, companies and even countries with notices in front of each box stating the ownership of these allocated areas.
Private or Government Mints also offer allocated gold coin storage as do precious metal trading centres worldwide. ALWAYS take out insurance as well to get a bet and braces form of security for your wealth.
Although local banks may also offer similar storage facilities, banks in Lichtenstein and Switzerland have higher security and greater privacy laws.
The problem of storing your gold in these and offshore banks is ease of access.

The Perth Mint in Australia is one of the few safe storage areas specifically for gold coins

Gold is surprisingly heavy.

Do not store gold in a box weighing more than you can physically carry. If you need access in a hurry, you should at least be able to carry it!

As a rough guide an area the size of a brick would house 2,500 gold sovereigns. This would hold around 2.4 million dollars (at today’s rate which will undoubtedly have changed by the time you read this article.)

FAQs

7 Best Reasons to Own Gold.?

1. Buy Gold in Troubled Times – An investment in gold should be based on macroeconomic considerations and investment climate. Today, people are buying gold to protect their portfolio from a currency crisis, recession, and the fear of a crashing stock market should there be another terrorist attack of major proportions. Diversifying into gold prior to these events will provide the most protection from a crisis.

2. Dedicate A Portion of Your Portfolio to Gold – In our opinion, a reasonable allocation of gold in a conservative, diversified portfolio is 1 to 3% during a bear market in gold and 5% to 10% during a bull market in gold. This allocation will provide balance, diversity, insurance for your stock portfolio, and excellent long-term profit opportunity.

3. Buy the Real, Tangible Gold – Bullion gold or gold coins are a more conservative way to invest in gold than gold stocks. In addition, there is greater liquidity in physical gold for large pools of capital. Do not make the mistake of letting someone hold your gold for you or buying a so-called “gold certificate” or “structured note.” Insist on taking physical possession immediately of your gold, gold coins, or gold bars. Only by taking physical delivery can you guarantee that you truly own the gold.

4. Keep Abreast of Gold News – Gold is sometimes a controversial, anti-establishment investment. Therefore, you generally can’t rely on conventional financial media, the Wall Street Journal or cable channels for your news. Their sole purpose is to promote stocks to investors. In the gold area, commentary is even more misleading and ill informed than usual. Gather all the information on gold you can before you invest.

5. Don’t Settle for Too Little Gold – Unlike other commodities, the demand for gold rises dramatically as the price rises. Should unexpected events that may seem unimaginable today actually occur, the target price for gold could be several times today’s price. Historically, the faster and higher gold rises, the more investors chase after gold. Buying gold while prices are still less than half the all-time highs allows you to buy low and sell high into a rising market. That’s always been the best way to maximize your profits.

6. Gold Represents Financial Insurance – Historically, gold has provided the best protection against financial catastrophe and upheavals. In the case of the most severe circumstances like high inflation or currency deflation, gold offers you both safety and security. With past currency failures in Argentina and Uruguay, investors who owned gold still had currency despite the fact that banks and ATM’s were closed and bank customers could not take their own money out of their own accounts. Naturally, the magnitude of the upside potential for gold is a function of the amount of paper assets that would be sold off and converted to gold, in the event a financial crisis.

7. Be Careful Buying Gold – Even though gold itself is a most conservative investment, “gold fever” attracts a crowd of investors, speculators, and want-to-be gold dealers, reputable and established gold traders offer you the advantages of better liquidity when you’re ready to sell your gold.

What payment methods do you accept?

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Are there any restrictions on buying gold in the USA?

In the USA, there are no restrictions on private gold ownership. Individuals are free to buy and sell physical precious metals, including gold, in the form of coins or bars. However, it’s important to note the following points:

  1. Use of gold as money: While owning gold is legal, using gold as a medium of exchange for goods and services is still forbidden. Government-issued fiat currency remains the legal tender for transactions.
  2. Importing gold: There are no duties on gold coins, medals, or bullion when importing them into the USA. However, these items must be declared to a Customs and Border Protection (CBP) Officer.
  3. Reporting sales to the IRS: There is no limit on how much gold you can purchase without reporting it to the IRS. However, any sale of precious metals, including gold coins, must be reported on your tax return.

Is it legal to own gold bars?

Certainly, in the United States, possessing gold bars is completely legal. Nevertheless, it’s worth noting that between 1933 and 1974, American citizens were prohibited from owning gold bullion unless they obtained a specific license. However, as of January 1, 1975, these constraints were removed, allowing individuals to hold gold freely in the U.S. without any need for licenses or restrictions of any sort.

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