Buying Gold & Silver in Iowa

There are many reasons to plan for your future. You could have young kids who need to be taken care of, or their college paid for when they go away to school. You may anticipate possible medical expenses for a debilitating and long lasting illness. You may simply want to retire from your job at an earlier age than previously contemplated. You need to make sure that you have financial stability and security so that you can feel confident in living your life as you get older. These are the same thoughts that go through the mind of the average American citizen throughout the country. In Iowa it is no different.

Iowa is in the middle the country, considered the heartland. It is also smack dab in the middle of the Corn Belt. As you cruise over the Mississippi River and enter Iowa, the first thing you notice is how flat the terrain is, and how much open space is available for exploration and cultivation. There are rows upon rows of cornstalks, and vast numbers of cows roaming free and meandering through the spacious plains. Agriculture is a way of life for the local residents. The economy is supported by hundreds of local farms all contributing their stock to the markets. In addition, Iowa is known for being the hotbed of Presidential politics. Every four years, Iowa is usually the second contest behind the New Hampshire primary. All the contenders flock to Iowa and proclaim what they will do if elected to the highest office in the land. You would think that this special place in American politics would enable Iowa to get some special treatment when it comes to policies and programs from the government, but that is not always the case.

All residents of Iowa have to face the same struggles as the rest of the country when determining how to invest their money for a safe and sound financial future. They could invest their money in real estate, but the recent crisis makes it clear the housing bubble has burst and property is no longer the way to secure your money. They could invest in the stock market, but after careful consideration, only the brokers are really making any money, and to be successful takes research, review, and some measure of luck. The faith in our financial institutions is sketchy at best, and leads some to question ether leaving the money in the banks is the smartest idea. So, after looking at all of the options, what can you do? Do you dig a hole in the backyard and bury your money? No. The answer may be precious metals, like gold and silver.

Bullion Sales Tax in Iowa

As an Iowa resident, buying gold and silver as an investment could not be easier. Unlike many products in the market, under Iowa tax laws and regulations, there is an exemption for the purchase of bullion, currency, legal tender, coins, and other materials where the measure of the value of the product depends largely on the components of the product and not whether it is a nugget, coin, flake, or another shape. There are no sales or use tax in Iowa for the purchase of precious metals, which makes investing in Iowa a good idea.

Golden Eagle Coins, being an out of state retailer, does NOT have to charge sales tax to Iowa 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.