How do you know when you are buying gold or silver coins bars or nuggets that what you are buying is real tthe
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And when you do buy gold or silver where do you go to sell it .They say if you buy gold bars the goverment can take them from you at the going rate at the time of confication. Is this true. And do you have to pay taxes on gold.
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Answer:
You only buy from a reputable dealer. I buy my S African Kruggerands (1 oz gold) & silver bars from a local coin dealer. Buy from someone who is a known: U.S. Eagles, Canadian Maple Leafs, S African Kruggerands. My silver bars are from Handy & Harmons. They have serial numbers stamped into them. As far as I know, there is no national database of those that own gold. So how is the government going to confiscate these (gold & silver) if they don't know about them?? You want to sell your gold & silver, just go back to the same person/dealer that you bought them from. I suspect you do pay taxes on any profits (of the sale).
Joseph B at Yahoo! Answers Visit the source
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