Buying Gold & Silver in Indiana

These are troubling economic times. The job market is weak, the country is carrying a large debt, and the housing market is still under water. It is these events that make all individuals contemplate their financial future. If they are lucky enough to have a good job, they can set aside some of their income to secure their financial stability in future years. But making investments is not easy, and deciding where to place your hard earned money can be a complicated process. You could buy real estate, but that is a tricky proposition, especially based on the bursting of the housing n bubble in 2008. That crisis led to the collapse of financial institutions and a complete distrust and loss of confidence in our monetary system. People for the first time in years started stuffing cash into their pillow cases, and hiding it under their beds. Who knew when the next bank or institution would fail?

The stock market is always an inviting prospect, as the indicators are at an all-time high and people seem to be making money. However, this could be an illusion, as the brokers are really the only people making money. You need to have millions to invest to make any significant impact on your portfolio. It is hard to determine which company is right to invest money with, and when it is the right time to make such an investment. The stock market has too many variables which need to be considered before making a sound and smart investment. Your choices of quality investments are limited, but the answer may be gold and silver.

Gold and silver are safe and sound investments. They have risen dramatically in value over the last few years, and are poised to remain as a viable financial investment for years to come. These precious metals hold their value, and in most instances will increase in value. Not long ago, you could purchase an ounce of silver for $4 dollars. Now it is trading over $30 dollars an ounce. Gold was valued at around $400 dollars an ounce, and today is nearing $1300 dollars. These are amazing numbers, and indicate a good reason to investigate gold and silver as a potential investment.

Bullion Sales Tax in Indiana

One of the factors in considering purchasing precious metals is the tax you might have to pay for the transactions. Across the United States sales and use taxes are collected when making transactions. In Indiana it is no different. Indiana has a state wide 7% sales tax on all purchases of bullion, coins, currency, no matter what the component. If you buy any of these products in Indiana in any condition, size shape, or amount you have to pay a sales tax. If you buy these products outside of Indiana, but are going to store them in the state, you have to pay a use tax of 7%. One good thing is that there is no additional sales tax levied by the local municipalities in addition to the state sales tax.

Golden Eagle Coins, being an out of state retailer, does NOT have to charge sales tax to Indiana residents. Browse our selection of tax-free gold and silver products. Please take note that we are not experts on tax issues, and you may be liable to pay local Use tax. Please contact your local tax professional for more information.