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 …
Home Storage Gold IRA: Is it Worth the Risk?
Since 1997, folks have been able to add precious metals like gold to their IRAs, but the “home storage” option, popping up around 2014, has stirred up a lot of questions. In this post we hope to clear up any confusion around keeping your gold IRA coins and bullion at …
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 …
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 …
China’s gold exchange gains traction
Foreign banks and trading houses have signed up for China’s planned global gold exchange. New members and major players in the industry are intrigued to have access to China as the biggest gold consumer worldwide and to trade commodities in the yuan currency, according to Reuters. China seeks to challenge …
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 …