Where do you buy and how and where do you store it?
I ordered it over the phone, APMEX I think (my big purchase was 12 years ago now). Checked prices on line, they had the best price, then have me a bigger discount because of the large quantity I ordered. I keep it all in bank safe deposit boxes. Since then, I pick up a coin or two here and there from pawn shops when the price drops. The bulk of my holdings are 2008 Gold American Buffalo bullion 99.99% pure, still individually sealed in the US Mint bubble sheets (20 coins per sheet), uncirculated MS-xx grade but I haven't had them graded.
Thanks. Helps quite a bit!
You can convert 401k into gold backed 401k or Roth too. I'm not familiar with the details, but that option is available.
The gurus recommend ~15% of your net worth in metals.
Taxed like selling paintings or art, something like 34% Fed tax on your appreciation. Add state and city taxes. It's not all roses. More like SHTF insurance for me, not looking to cash in anytime soon.
Are you concerned about the bank protecting your safety deposit boxes? I think I would be. I’ve considered a home safe, but then again, depending on the size of the safe, how “safe” is that going to be? Thanks for the information about who you buy from. I’ll check it out. I don’t think I’m going to trust a bank with anything of value though
There are many vendors, my experience was very good but it was many years ago. The bigger your purchase, the better the price. Or at least that is what I encountered at the time.
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