What Gold & Silver to Buy?
By James Anderson, Managing Director - GoldSilver.com
Before deciding on what form of silver or gold bullion to buy, there are some basic questions you should ponder.
For instance, what product factors are most important to you?
___ Sellback Privacy - 1099B Dealer Reporting Exemption
___ Smallest Premiums
___ High Hallmark or Product Brand Recognition
___ Private Contract Rights - Legal Tender Laws
___ Cheapest Customs Duties - Easier International Delivery
___ Ease of Liquidity - Hyperinflation Currency Hedge
(Below we break down each specific product factor in further detail)
Sellback Privacy - 1099B Dealer Reporting Exemption
First, when customers purchase from GoldSilver.com their bullion orders are private.
When one sells their gold and or silver back to a us, the question of privacy is settled by what bullion product(s) you are selling to us and in what quantities. You can learn more about IRS 1099B dealer reporting requirements here.
IRS 1099B exempt products include the following bullion products we offer:
U.S. Gold Eagle coins (including fractional coins)
If getting the most ounces for your fiat currency is your highest objective, you may want to consider investment grade bullion bars of .999+ fine silver and or gold as they tend to carry lower premiums than government backed coins.
High Hallmark or Product Brand Recognition
Put simply, the more people who recognize the value something has the more possible buyers there are.
In other words, the silver and gold bullion products with the highest hallmark or brand recognition means the highest liquidity or ease of sale for an investor.
As physical silver and gold bullion investors we don't want to save fiat currency today by purchasing off brand gold and silver hallmarks only to have less market-makers and selling options when silver and gold become overvalued. This is why we only offer our customers the most trusted and highly traded hallmarks and bullion brands.
In the United States we believe the hallmarks most widely accepted by the average person in the street are government minted coins such as:
Private Contract Rights - Legal Tender Laws
US government backed coins enjoy legal tender rights based on their face value, $50 Gold U.S. Eagle coins and $50 U.S. Buffalo coins plus $1 U.S. Silver Eagles are fully enforceable when used in private contracts within the United States.
Cheapest Customs Duties - Easier International Delivery
Here at GoldSilver.com we are specialists at international bullion shipments as over the years we have delivered millions of ounces of gold and silver to over 100 countries worldwide. Consequently we have learned a few things about customs duties, VAT taxes, delivery logistics, etc.
In general, for international shipping or movement of bullion, it saves an investor taxes and customs duties by sticking with government minted .999+ fine bullion coins.
Ease of Liquidity - Hyperinflation Currency Hedge
We stand by all products we sell and are always able to buy back any bullion products from our customers. That being said, in a serious currency crisis, there may be situations where an investor would like to use their personal bullion holdings to purchase necessities as needed.
For a hyperinflationary scenario we believe that silver government minted coins are the best form of bullion to have on hand. As investors residing within the United States, we choose Silver Eagles 1st, Silver Maples 2nd, and Silver Philharmonics 3rd. This order of preference may be different or reversed for Investors who reside within the European Union or in Southeast Asia.
For a currency crisis scenario with gold products we prefer to hold Gold Bullion Jewelry and breakable Gold Valcambi CombiBars which can be easily stored in a wallet and broken into tiny 1 gram gold bits if necessary:
Delivery in Hand 1st, Vault Storage 2nd
Next you may be asking yourself about delivery options, whether you should take delivery to home, to segregated vault storage domestically or internationally, and perhaps whether you would like to set up a Gold and Silver IRA. We can assist you with all these sensitive and private matters.
Also, if you have further product related questions, do not hesitate to contact our highly trained staff dedicated to serving you.
Remember, we invest in gold and silver bullion ourselves, it is in our best interest to be specialists on the subject.
The information, opinions, and financial data presented are for educational purposes only and are not intended as investment advice. No guarantees are made as to the accuracy of the information provided herein. Situations can change from day to day. Every investor should do their own due-diligence to determine which investments are best for them.
You must assume the responsibility and liability for all decisions that you make on the basis of the information herein contained. GoldSilver.com, makes no warranties, expressed or implied, as to the fitness and accuracy of the information provided or for the results obtained by using the information. Those making investment decisions based on any of the information presented should do so in the knowledge that they could experience significant losses. In no event shall GoldSilver.com be liable for direct, indirect, or incidental damages resulting from the use of the information.