Investing in gold has always been a popular choice for those looking to diversify their portfolios and safeguard their wealth against economic uncertainties. With the current market’s volatility, the debate between investing in physical gold versus gold stocks has become increasingly important. Understanding the differences between these two investment options …
Gold Purity Measure: Understanding Gold Bullion and Coins
When it comes to investing in gold bullion, bars, or coins, the most important factor that dictates value is gold purity. When gold is used in jewelry or collectible items, it is often alloyed with copper, palladium, or other materials like silver to increase durability. But for investment purposes, especially …
Can You Sell Gold to a Bank?
Selling gold can be a significant decision, especially if you own physical gold like gold bars or coins. While most people think of selling gold to coin dealers, pawn shops, or online dealers, banks can be another option that some might consider. But is selling your gold to a bank …
Why is Gold Valuable? Exploring the Enduring Value of Gold
Gold, a rare metal treasured for millennia, holds a unique position in human history and global economies. Its value has remained steadfast across different cultures, time periods, and financial systems. In this article, we will explore the multifaceted reasons behind gold’s enduring value, from its historical significance to its modern-day …
How Much is a Kilo of Gold Worth?
Based on Today’s Gold Price, a Kilo of Gold is Worth Approximately: $ Get started with OWNx to start investing in gold today! The price of gold is influenced by a range of global factors, including economic conditions, inflation rates, and geopolitical tensions. These elements not only affect how much …
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 …
Florida Family Finds Buried Gold Coins from 1715 Sunken Spanish Fleets
A Florida family announced they recovered $1 million worth of sunken treasure from the Spanish treasure fleet’s shipwrecks off the coast of Florida. Today also marks the 300th anniversary of the shipwrecks. The Schmitt family kept their findings a secret for nearly a month from the public, but finally held …
7 Places to Get Free Personal Finance Classes
With all the buzz about student debt, risky stocks, and mortgage fraud, some people might be in a bit of a panic. The thought of money management is intimidating for many people. And even though we linked to an article the other day about how to raise money-smart kids, some …
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