Now and again as it has been proven over the years, having an investment in any kind of gold is a good call, and gold bars are no different. Here is probably the most extensive article on Everything You Ever Wanted To Know About Eliminating Your Taxes, Protecting Your Assets And Regaining Privacy Over Your Life And Investments. It is called The Ultimate Guide To Going Offshore You can download this epic post for your personal library.
Of course, investing in gold might be a little more complicated than most of us imagine. In order to avoid some of this confusion and to help you to avoid being sold something that you don’t want or being taken by a slick salesman, here are a few tips that should keep you out of trouble when investing in gold or silver.
For tax purposes, physical gold investments are classified as collectibles. Gains on collectibles held for one year or less are taxed as ordinary income—the same tax treatment as short-term capital gains (STCGs). Gains on collectibles held more than one year are taxed as ordinary income, except the maximum collectibles tax rate is 28% (Sec. 1(h)(4)). The 28% maximum collectibles tax rate is sharply higher than the 15% long-term capital gain (LTCG) rate that applies to most other assets and taxpayers (with a 20% maximum LTCG rate applying to high-income taxpayers in tax years beginning after Dec. 31, 2012).
It was noted after US’ 2008 debt crisis, the world bought both gold and silver in bulk. This resulted in dramatic increase in the price of silver and gold between from 2008 to 2013. At that time price of silver went up to nearly Dollars 45 per ounce. Currently, the craze of silver bubble has fizzed out but gold still continues to shine.
The ability to process mined material anywhere, eliminating the high transportation costs associated with moving material to a gold processing plant saves mining companies time and and precious metal mining is being pushed into the twenty first century by sustainable powered mobile processing plants that allow processing at the source.