Frequently Asked Questions on Gold Investing
Why should I own gold as a long-term investment?
The advantages of investing in gold are portfolio balance, liquidity, privacy, tax advantages, and most importantly, protection against currency disruption including inflation, devaluation or recall.
Is it a good idea to include precious metal investments in my portfolio as a means of diversity?
Gold and silver bullion bars and coins along with investment quality rare coins dated prior to 1933 have consistently proven themselves to be an ideal strategy for the long-term.
Are shipments insured?
Yes. All shipping prices/methods include full shipping insurance to protect you in the event of a lost or damaged shipment.
Where should I store my precious metal coins or bars?
Storing precious metal is most secure in a bank safe deposit box. Large investments (over $1 million) should be stored in a licensed and insured depository.
Can the government impound my gold and silver coins?
The Federal Government retains the power to take possession of gold and silver bullion coins according to U.S. Code, Title 12, Chapter 2, Subchapter IV, Section 95a, which says, in part,: “During the time of war, the president may through any agency that he may designate, licenses, or otherwise–(A) investigate, regulate, or prohibit, any transactions in foreign exchange, transfers of credit or payments between, by, through, or to any banking institution, and the importing, exporting, hoarding, melting, or earning of gold or silver coin or bullion, currency or securities.” But, investment quality U.S. gold and silver coins dated prior to 1933 are exempt from this Title 12. Therefore, they remain a top notch investment.
Which is the best strategy—to invest in physical gold, gold stocks, funds or ETF’s?
Paper substitutes, such as currency or certificates, for physical gold are temporary and that has been consistently demonstrated through over 1,000 years of history. Physical gold is the world’s most esteemed long-term asset and store of value. The huge recent purchases of physical gold by India, Russia and China reinforce this enduring truth.
If I own $5,000 plus worth of gold coins, how quickly can I sell them if I need cash?
We buy and sell all kinds of precious metals on a daily basis. Please call us when you are ready to sell and we will give you a quote in minutes, plus overnight FedEx shipping instructions. This enables you to send us your gold coins insured but at no cost to you. After we receive your coins the next day, your payment can be sent to you via overnight express, bank wire or the U.S. postal service, depending on how quickly you need the check.
What is your commission on the buy back of my coins?
*Unlike our competitors, we do not charge any fees on the buy back*! it is 0% commission.
What is the best short-term investment? Gold or silver?
Currently we recommend gold assets due to the global currency crisis, excess fiat money creation by the Federal Reserve, and the overwhelmingly huge U.S. Budget deficits. If hyperinflation should occur…or seem highly probable…we would recommend silver assets.
What is the best choice of coins to leave to my heirs?
For ensuring long-term family wealth, the best numismatic assets are certified investment quality, pre-1933 U.S. gold $20 coins with Liberty and Saint Gaudens designs imprinted on them.
When looking at other investment items such as real estate, stocks, artwork, etc., what are the tax advantages to leaving rare coins to my heirs?
As part of a formal inheritance, gold coins are allowed by current law to have a “step-up in basis.” This means the inheritance value of the coins will be based on their value on the date of inheritance, regardless of their initial cost. This tremendous advantage can potentially eliminate any capital gains tax.
Will it be relatively simple for family members to liquidate any coins they inherit?
Gold Bullion Exchange is a major gold market maker. Therefore we provide a daily buy/sell price with immediate payment. Your family members can quickly liquidate a numismatic holding through us.