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Buying Gold & Silver in Nebraska

Just a little west of the middle of our country; there is a region rich in history and deep in the traditions in our country. It is the state of Nebraska. Throughout the state of Nebraska, many historical trails and wagon paths are located, leading from the eats to the west, and the north to the south, and vice versa. The region was viewed as a large rest stop on the journey from the east coast towards the Pacific Ocean. It was not until the large groups of settlers were traveling to the west in the latter years of the 19th century that the encampments began to become permanent. As they travelled across our large country, they did not realize the length of their journey, and often tired right in the middle of the region that would become the state of Nebraska.

Others were smart enough to spot the potential of the vast acres of plains for farming and ranching. They stopped their wagons, built their homes, and started their lives as agricultural forerunners in the state. Towns were built around large cattle ranches and businesses were opened to support the local cowboys. The ideal grazing lands led to the production of the beef industry as one of the mainstays of the economy. We are well acquainted with Omaha Steaks, which is based in Omaha Nebraska. In addition to beef, the state also is a major producer of corn, which is where the nickname, the cornhusker state comes from, and is used as a name for the University of Nebraska sports teams.

The residents of Nebraska are hard working salt of the earth people. It is because of this that they know the value of a dollar. They know that good financial planning is the most important thing for a successful future. They understand that you need smart investments to make sure your economic future is stable and secure for any and all circumstances. With large prairies and huge plains available for investments, placing money in real estate might be the right idea, but the recent collapse of the housing market has made property a tricky investment proposition, as the valuation process has come under intense scrutiny. Money can be invested in the stock market which is continually hitting all time highs in trading. But, farmers and ranchers who live off the land are naturally skeptical of anything done by bankers and brokers in financial institutions. The answer may lie in the very resource which brought him first settlers to travel through Nebraska, gold.

Bullion Sales Tax in Nebraska

Gold has risen dramatically in value over the last few decades. If you make a purchase in gold, be aware that you may have to pay sales and use tax. Under Nebraska law, www.revenue.nebraska.gov, there is a state wide sales tax of 5.5%, with a possibility of up to an additional 2% being levied by local municipalities. There is no exemption under the law for any purchase of bullion, currency, or other products comprised of precious metals like gold, silver copper, or platinum. That means that no matter the size, amount, shape, or form of the precious metal, you will have to pay a sales tax.

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