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Buying Gold & Silver in Montana

The North West part of our country is wide open and expansive. One of the least populated states in our nation is Montana. There are wide open plains, with flat lands for miles and miles, as well as mountains rising from the deep caverns reaching up into the bright crisp blue sky. It has streams, rivers, hills and mountains. The name of the state is Spanish for mountains, and it numerous ranges are a northern extension of the Rocky Mountains. The economy is supported by agricultural mostly farms and ranches. It also has a thriving tourism industry as millions of visitors each year flow over the borders to visit Yellowstone National Park, Glacier National Park, and the Little Bighorn Battlefield National Monument.

Another draw for tourists is the prospect of the location of gold mines. In the 1850s and 1860s, gold was discovered in the hills of Montana, leading to a gold rush bringing in thousands of people, looking for their fortunes. These mines are still active today, although much of the gold mined is a byproduct of copper mining. There are also platinum mines in operation along with the copper and gold mines. Along with the mines, and the growth of the grain fields and farms the railroad was laid to help transport these goods from the state to centers of commerce in Chicago and San Francisco. Montana became a big focal point in the railroad track expansion west during the late 1800s, as the tracks from the west met the tracks form the eats in the lands of Montana.

The residents of Montana are very conscious of the valuation of natural resources derived from the lands. This may be why the option of investing in gold and silver is not a strange concept to the citizens of the state. They understand that they need to invest wisely for a secure and stable economic future. They rely on their common sense when living off the land, but understand that a stress free existence can only occur when smart money management. The open plains and mountains may be a draw for investors, but the recent collapse of the housing market has made any investment in real estate a tricky proposition. They could always invest money in the stock market, but living under the great big blue sky on the plains of Montana, or climbing the many mountain ranges throughout the state is not synonymous with Wall Street. A better use for their money may be to invest in precious metals like gold, silver, copper, or platinum.

Bullion Sales Tax in Montana

Across the United States, local governments impose a sale and use tax on all transactions conducted by its residents. In Montana, there is no sales tax n any transactions made within its borders. This is a state wide policy, so if indeed you are making purchase in Montana make inquires to make sure there is no local community taxes imposed. If there are, they are few and far between, as a majority of the state is sales tax free. This means you can purchase any amount, size, shape, or weight or precious metals like gold, silver copper, and platinum and not pay any tax on the transaction.

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