When it comes to IRA storage, the IRS has stringent criteria in terms of what qualifies and if you fail to abide by them you could face significant tax penalties. Understanding the…
Category: Blog
What is a Medallion Stamp?
Sometimes you will need to provide evidence of your signature with a medallion stamp, which differs from notary stamps in that it must be obtained from a financial institution that participates in…
Selling Precious Metals Without Reporting
When selling silver, there are a few key considerations you need to keep in mind when selling. Be aware of any tax implications as well as restrictions or regulations related to its…
Does Physical Gold Attract Wealth Tax?
Gold has long been valued as a store of value and beauty. Additionally, it’s become an attractive investment asset that investors can purchase physical gold as jewellery or invest in Gold ETFs….
Are Gold and Silver Coins Taxable?
Investors may not understand the tax repercussions associated with buying and selling precious metals. Under federal law, dealers must report sales by clients to the IRS via Form 1099-B. Government-issued coins with…
Can I Buy Gold With a Self Directed IRA?
Add precious metals to an IRA as an effective way of diversifying your retirement portfolio, but it’s essential that you fully comprehend all applicable IRS regulations before making a purchase decision. First,…
Can You Put Gold in a Traditional IRA?
Many investors are attracted to precious metal investments as a retirement portfolio diversifier; however, this type of investment can be costly with storage, insurance and one-time fees quickly adding up. Gold IRAs…
How Much is a Gold American Eagle Worth?
The Gold American Eagle coin is one of the most sought-after bullion coins on the market, backed by both its weight and content being controlled by the United States government. Diversifying your…
Do Self Directed IRAs Have Fees?
Self-directed IRAs provide more investment choices and flexibility, but can also be complex, necessitating investment knowledge beyond many investors’ capacities. These investments may also be inflexible, making withdrawals cumbersome when required minimum…
Turkish Gold Coins
Turkish gold coins have long been seen as symbols of wealth. Each one contains 6.6 grams of pure gold and were first issued as legal tender in 1844, replacing Kurus. On their…