Thats a huge markup, too much. I bought silver
at .3% over spot in silver quarters (junk silver is a misnomer,
junk is great) worth $6.25 each, very nice useable
metal. But that was a real sale and I picked up
$10k and now wish I had got more.
4 PM places on the right side of my link, did business with
all except Provident metals, I like ILB the best when they have a
sale, and their sales really are sales.
Posted by parkridge77 on 23rd of Jul 2012 at 02:16 pm
Taxes- too differ with forms of gold--Gold coins and bullionare tangible personal property under
the IRC and are taxed as a collectible. Collectibles are taxed as
capital gains or losses similar to stocks and bonds but with one
very important exception. Collectible long-term capital gains, such
as the sale of physical investment in gold, are taxed at 28%
& then there are the various state regs to know, as well-
tracked at point of purchase & sale
Posted by muslhead on 23rd of Jul 2012 at 01:37 pm
i would recommend tulving for large purchases or franklin
sanders (
http://the-moneychanger.com/) for either. Both companies I
have worked with personally and trust enough to send my
clients to.
Tulving has better prices but has much larger buy
requirements. If you would like to have more info, feel free to pm
me.
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Purchasing Physical Gold
Posted by RichieD on 23rd of Jul 2012 at 01:28 pm
Considering buying through a local, trustworthy dealer but also wonder if anyone has information as to the reputability of the following online firms:
APMEX, Goldline Int'l or GoldenEagle coins. Markup is about 4-5% over spot when buying with cash or check...higher by credit card
Any other thoughts on buying would be welcomed. Do you prefer buying through a dealer for issues of privacy, etc.?
Thats a huge markup, too
Posted by steveo on 24th of Jul 2012 at 03:56 am
Thats a huge markup, too much. I bought silver at .3% over spot in silver quarters (junk silver is a misnomer, junk is great) worth $6.25 each, very nice useable metal. But that was a real sale and I picked up $10k and now wish I had got more.
4 PM places on the right side of my link, did business with all except Provident metals, I like ILB the best when they have a sale, and their sales really are sales.
http://oahutrading.blogspot.com/
Taxes- too differ with forms
Posted by parkridge77 on 23rd of Jul 2012 at 02:16 pm
Taxes- too differ with forms of gold-- Gold coins and bullionare tangible personal property under the IRC and are taxed as a collectible. Collectibles are taxed as capital gains or losses similar to stocks and bonds but with one very important exception. Collectible long-term capital gains, such as the sale of physical investment in gold, are taxed at 28%
& then there are the various state regs to know, as well- tracked at point of purchase & sale
i would recommend tulving for
Posted by muslhead on 23rd of Jul 2012 at 01:37 pm
i would recommend tulving for large purchases or franklin sanders ( http://the-moneychanger.com/) for either. Both companies I have worked with personally and trust enough to send my clients to.
Tulving has better prices but has much larger buy requirements. If you would like to have more info, feel free to pm me.