Based on Today’s Gold Price, a pound of gold is is worth approximately: $ Get started with OWNx to start investing in gold today! Gold has been treasured throughout history, not just for its beauty but also as a reliable store of value. Whether used in gold jewelry, coins, or …
Gold IRA Tax Rules – Reporting Requirements & Tax Implications
Precious metals can boost your retirement savings by protecting against market risk and inflation and precious metals IRAs are an excellent way to invest in smart ways that reduce or defer your tax burden. But what are the gold ira tax rules? In this post we will walk you through …
Tax on Gold: Buying, Selling, and Capital Gains
Investing in gold is a common approach for diversifying a portfolio or hedging against inflation. However, the tax implications of gold investments can cause some challenges. The Internal Revenue Service (IRS) has specific guidelines for capital gains tax on gold, so it’s important for investors to be aware of these …
How much gold can I sell without reporting?
Selling gold is not just about finding someone willing to buy, there’s a whole world of tax rules and reporting that you also need to consider. Here at OWNx, we get that this can feel like a maze. So, in this post we’ll try to simplify things a bit and …
How Much Does a Gold Bar Weigh?
Diving into gold investment begins with understanding gold bar weights, vital for both newcomers and experienced investors. This guide covers everything from the basic weights of gold bars to their significance in investment portfolios, and some common gold bars by weight. Giving you the information you need to make the …
IRA Approved Silver – What You Need to Know
Key Insights Silver in IRAs: Boost your retirement savings with tax-efficient silver investments in your IRA. Silver Market Strategy: Adjust your silver investments with market trends for a stronger precious metals portfolio. Choosing IRA Silver: Select IRS-standard, high-quality silver from trusted mints for your IRA. Easy Silver Investing: OWNx simplifies …
IRA Approved Gold – What You Should Know
Key Insights Gold IRAs offer protection against economic downturns and market volatility. OWNx facilitates fractional ownership of large, IRA-approved gold and silver bars, enabling instant IRA transactions and competitive pricing. A range of IRA-eligible gold coins and bars provide diversification, quality, and investment flexibility. Gold IRAs offer tax advantages, portfolio …
Why is Platinum Cheaper than Gold?
Platinum is one of the rarest and most valuable metals in the world, yet it is often cheaper than gold. This may seem counterintuitive, but there are several factors that influence the pricing of these precious metals. In this section, we will explore these factors and provide insights into why …
Silver: The Magic Metal
Okay. It may be a bit of an exaggeration to call silver bullion a “magic” metal. However, in the age of high tech, there is little argument that it is one of the most versatile industrial metals. For decades it has been used in solar electric panels. It is used …
What Does the End of Cryptomania Mean for Gold and Silver?
Now that the cryptocurrency world is well established on a glide path into the trough of disillusionment, it’s time to reflect on what that means. First of all, it means the hype that “Bitcoin will replace ___________” (fill in the blank with your favorite entity/item that Bitcoin was supposed to …