What Product Should I Buy?
MARCH 07, 2011
Before deciding on what form of silver or gold bullion you want to buy, there are some basic questions you should perhaps ponder.
For instance what product factors are most important to you?
___ Sellback Privacy - 1099B Form Exemption
___ Smallest Premiums
___ High Hallmark or Product Recognition
___ Private Contract Rights - Legal Tender Laws
___ Cheapest Customs Duties
___ Ease of Liquidity - Hyperinflation Currency Hedge
(Below we break down each specific product factor in further detail)
Sellback Privacy - 1099B Form Exemption
It is always private when customers purchase from GoldSilver.com
When one sells their gold and or silver back to a us, the question of privacy is settled by what you are selling to us and in what quantities.
1099B exempt products include the following: US Gold Eagles (including fractional coins), US Gold Buffaloes, US Silver Eagles, Silver Canadian Maples, and Silver Austrian Philharmonics.
If getting the most ounces for your dollar or 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. GoldSilver.com carries low premium well recognized bullion bar hallmarks ranging from as little as 1 ounce to 400 ounce sizes:
High Hallmark or Product 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 recognizabilities or brand recognition means the higher 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 difficulty unloading our investments down the line. This is why we only offer our customers the highest most trusted 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 US Silver Eagles, US Gold Buffaloes, US Gold Eagles, Gold Canadian Maple Leaves, Silver Canadian Maples, and Gold South African Kruggerands:
Private Contract Rights - Legal Tender Laws
US government backed coins enjoy legal tender rights based on their face value, $50 Gold US Eagles and US Buffaloes plus $1 US Silver Eagles are fully enforceable when used in private contracts within the United States.
Cheapest Customs Duties
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 40 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 peronal bullion holdings to purchase necessities as needed.
For a hyperinflationary scenario we believe 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.
We can also tell you what we do with our gold and silver bullion investments. Click the image below to find out Mike Maloney's thoughts on What to Buy:
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.