Buying Gold & Silver in Kansas

On the way to the west, the explorers and travelers oftentimes would travel through the territory which is now known as Kansas. In the 1800s, many westward travelers were looking to find their fortune, either in gold or silver. In Kansas, there were minimal discoveries of these precious metals, so many did not settle in the state. But, there were some that did, feeling that the open plains, and wide lands gave a great opportunity to flourish as a farmer. As a result, agriculture exploded in Kansas. Now, there are endless rows of wheat as far as the eye can see when you drive through the vast open lands of the state. Towns were constructed around the large ranches; businesses were developed based on the economy being supported by the farms and ranches. Gold was a distant memory, a pipedream that no longer held hold over the minds of the residents. It might be time to review that proposition.

Many people in Kansas have been impacted by the economic crises that overtook our nation the last five or six years. They watched as the housing market collapsed, as farms in their towns were shut down, and taken over by banks. They saved their money instead of foolishly spending it on useless items. Instead of relying on the land for all their wants and needs, and living in the moment, they started to look towards the future, wondering what it might hold. They started to look into investing their money for economic stability and freedom in their upcoming years. The question became where to invest the money, how best to place their resources to maximize their profits and potential for earnings. In the past, buying more farm land was always advantageous, but now it is a question mark. A wise investor could always enter the stock market, but that takes time, energy, smarts, and luck. Besides, only the brokers make the real money. That is why they should revisit precious metals as an investment tool.

Gold and silver have made great strides I value over the last few decades. There was a time that you could buy an ounce of gold for $500 dollars, and an ounce of silver for $5 dollars. Now, gold is trading somewhere around $1300 and silver is currently over $30 dollars an ounce. This is a good indication of the viability of gold and silver, along with other precious metals, as an investment. In order to review the cost of buying in Kansas, one must always consider the possibility of sales and use tax.

Under Kansas tax laws and regulations,, the state has a uniform sales tax of 6.150 %, with local municipalities adding an additional 1% to 3.5% in taxes. These taxes apply to all transactions having to do with gold and silver bullion coins medallions, currency, or other item, no exceptions, no matter size, shape, or amount of purchase. . If a coin or currency is sold for its face value, no tax will be imposed; however, if it is sold based on the value of the comments of the coin, than a sales tax will be collected.

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