Sterling silver is bit by bit returning to fashion, as many jewelry savvy buyers realize, this cost-effective jewelry is definitely setting up a comeback at the cost of the more old fashioned gold jewelry. You aren’t obligated to report gold stored outside the United States. Whether you keep it in a safe-deposit box or a private vault, gold bullion is considered personal chattel property – an asset no different from jewelry, artworks or any other valuable thing. By contrast, if you keep money in a foreign financial institution, you’re faced with all sorts of onerous reporting requirements, such as the Report of Foreign Bank and Financial Accounts (FBAR) and the Foreign Account Tax Compliance Act (FATCA).
Serious investors have in the past dismissed gold as an asset that for the most part just sits there yielding nothing. In many ways, gold is like oil or iron ore or any other commodity people dig out of the ground. Most commodity prices rise and fall in cycles, gaining nothing in value over time.
The most direct way to get involved in trading palladium is to purchase palladium bullion directly from a reputed mint or other trustworthy supply source. This physical purchase of the metal typically takes the form of coins, collectable coins, or bars of the metal which can be purchased at different weights. Naturally, this is absolutely tied to the palladium market prices, though you should be mindful that a small premium is generally added by the seller, and this can be a substantially more difficult palladium investment to resell quickly if the price changes.
As cycles investors, we know there will come a day when, as the cycles determine, it will be time for us to transition out of our gold and silver holdings and move into other asset classes (such as real estate or high dividend-yielding stocks). When we measure the end of this gold and silver cycle, we will be sharing our Exit Strategy communications with our GoldSilver Insiders.
While many investors intend to invest in precious metals for the long term, there is always the possibility that a change in circumstances requires short-term liquidation. Selling coins and bars can be a cumbersome process. ETFs and closedend funds, on the other hand, trade on an exchange and can be bought and sold throughout the trading day.