How To Buy And Sell Gold And Silver

Buying gold and silver is a little different than your typical investment.

How to buy and sell gold and silver. Often there is a correlation between premium and liquidity. Acquiring gold coins to buy and sell can be a fun hobby and a way to make some extra cash. Some of the options for selling your gold and silver bullion online are. As the value of currency weakens the price of gold tends to go up. These include products like the gold silver american eagles and canadian maple leafs.

Under 26 cfr. Over the many years we ve been trading we ve seen a consistent demand for gold and silver. Even then it s not your gold or silver purchase that must be reported only the cash transaction. To ensure that you are getting a fair price when selling your gold or silver be sure to follow these prudent steps. On the 16 th of april i suggested that buying 10 th ounce gold coins wasn t a bad idea all in.

Registered mail is the safest and most secure way to ship as the post office rarely loses a registered package. When sending gold and silver to cmi always ship via post office registered u s. A couple of weeks ago i wrote an article called 5 facts to consider before buying or selling gold. Everything is exempt from reporting when you buy gold or silver unless you pay more than 10 000 in cash. You only need to purchase insurance for the minimum declared value of 1 000 00.

In the case of an american eagle you may pay a little more upfront for the coin but when you want to sell it it will likely fetch a better price than a less well known product. When it is time for you to sell your gold or silver it pays to do your research be realistic and not be in rush. We re often asked what happens if the price gets really high. How to buy gold and silver. What is reported when i buy or sell gold or silver.

We recommend using the post office s flat rate boxes. Our buy back and selling prices are always based on the current spot price. The customer can request for physical delivery whenever they want in the form of coins ranging from 0 1 gm to 50 gms of gold and 1 gm to 500 gms of silver. It also allows the customer to store this gold silver in a secured vault which is controlled and monitored by an independent trustee. Here are a few things you will want to know as you begin investing in precious metals.