Choosing A Precious Metals AdvisorIn an unregulated industry, there are things you need to look for, learn more. But he reiterates that any investor should approach these assets ‘with as much care and attention as they would any individual share, bond or investment fund’. In other words, investors should do their homework and only use commodities as a diversifier within a balanced portfolio.
Purchases of gold bullion aren’t reportable to the U.S. government. Many people think they are. That’s because if you pay with cash or a cash equivalent for $10,000 or more worth of bullion, the dealer must submit IRS Form 8300, “Report of Cash Payments Over $10,000 Received in a Trade or Business.” This requirement, however, isn’t specific to precious metal purchases. It applies to all cash transactions over $10,000, no matter what you’re buying. If you buy bullion with a credit card, there’s no need to tell Uncle Sam.
If you want to own gold bullion, but don’t want to buy individual coins or bars, you can invest in a gold ETF. That’s an ETF that holds the bullion at a central facility and allows you to buy shares in the fund. Not only will that avoid the need to buy, store, and ultimately sell your bullion, but you can also purchase shares just as you would any other financial assets.
DEPRECIATION OF THE GOLD PRICE WILL DIRECTLY DECREASE THE NET ASSET VALUE (IN USD AND OTHER CURRENCIES) OF SUPERFUND RED GOLD. DEPRECIATION OF THE SILVER PRICE WILL DIRECTLY DECREASE THE NET ASSET VALUE (IN USD AND OTHER CURRENCIES) OF SUPERFUND RED SILVER.
1. FideliTrade Incorporated is an independent, Delaware-based corporation that provides precious metals sales and support services including buying, selling, delivery, safekeeping and custody services to both individuals and companies. It is not affiliated with Fidelity Investments. FideliTrade is not a broker-dealer or an investment advisor and is not registered with the Securities and Exchange Commission or FINRA.