Gold, unlike interest-bearing bonds, may not produce a yield, but it does furnish an alternative form of investment liquidity that provides price volatility in the short run. It has strongly maintained purchasing power over millennia, appreciating over time against ever-depreciating fiat currencies. With gold, you gain the flexibility to tuck it away forever or buy and sell with the rise and fall of market fluctuations or the advent of personal financial needs.
Although it’s challenging to definitively determine the longest-standing, highest-volume, and most trusted dealer in the gold bar market, Monex is a fair guess. And here is why. The volume of buy-and-sell transactions involving physical 10 ounce gold bullion is one indication of a good marketplace. Since 1987, Monex has bought and sold over 16 million ounces of physical gold bullion, which represents over $32 billion in current gold value dollars.
Whether an investor’s gold buying objective is to tuck it away for decades or have it readily available for price action opportunity, having the investment flexibility to exit the gold market on a whim and get immediate cash is an important option to have. It is prudent to understand selling gold when you are buying it. The market dynamics with gold products introduce market conditions that are very good for selling certain gold coinage in some instances and not very good in others. The good thing about larger format gold bullion bars is that the premium over the bars’ intrinsic gold value is quite small, so it is basically always a good seller’s market when utilizing a dealer specializing in gold buying and selling.
Most states recognize 10 ounce gold bullion bars as investment assets and do not impose sales and use taxes on personal purchases. However, seven states still have oppressive policies toward gold investors, subjecting them to heavy tax burdens when taking possession within their borders. These states include Hawaii, Kentucky, Maine, New Jersey, New Mexico, Vermont, and Wisconsin. Using a bullion depository with the Monex Atlas account can circumvent these taxes by allowing delivery and storage outside these states.
All in all, select the best place to buy 10 oz gold bars that give you confidence and the peace of mind that goes along with the ability to buy and sell your gold bars quickly and freely at good prices without applying sales/use taxes. For more information about buying, selling, and storing 10 oz gold bars with Monex, contact one of our knowledgeable Account Representatives today.
The Royal Canadian Mint’s Commitment to Quality In 1979, the prestigious Royal Canadian Mint began production of the 1 oz. Canadian Maple Leaf gold coin with a consistency of 99.9%. At the time, the only competitive private investment coin in the market was the 91.67% pure gold South African Krugerrand. The increased gold purity consistency more…
The Iconic Maple Leaf Known for its vibrant autumn colors, the maple tree is a prominent species in the eastern Canadian landscape. While the tree itself was an invaluable part of the indigenous Canadians and early settlers’ lifestyle, the Canadian government did not officially adopt the maple leaf as its national symbol until 1965. Today, more…
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