What the goal
Is your primary goal is preservation of assets or a hedge? Is it to make profit or just as collection? Before, be aware of the difference between gold bullion coins and "numismatic" gold coins. Numismatic coins are collector's items Because are rare, old or minted as part of a special edition. Numismatic coins are for gold coin collectors. If your goal is simply to capitalize on price movement, then bullion coins will of the serve your purpose.
Be aware of other costs Besides the price of gold
You will from be taxed When buy and sell gold. Own gold for less than a year before sell it, the money you earn is Considered ordinary income and taxed accordingly. For income from gold sales that have been owned for more than a year is taxable at a maximum rate of 28 percent. Keep in mind, you sell the gold is for resale.
Government guarantee
Weigt, content, and purity of gold coins that will be purchased should be in government guarantee.
Where to buy
Know the type of gold You Want to buy and check the seller's reputation and cradentials before you buy gold. Also you can buy gold online. The World Gold Council cans help determine where to buy gold Because They have a list of relieble gold around the world.
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