Along the northern border of the country is a state that has vast open plains, strong winter wands, and crops for as far as the eye can see, with the accompanying wildlife roaming free on the land. This may sound like any state but it really can only describe one, North Dakota. This state borders Canada and is one of the least densely populated states in the country, as well as one of the least populated states in the country. That means there are less people in the state and the people who are located there are not concentrated in one area, they are spread throughout the region. Explorers did not wander into the state much until the mid to late 1800s, and it was not until the development of the railroad that any large number of settlers ventured this far north and west. As the railroad lines were completed connecting the Midwest to the western coastal regions, North Dakota was a stop along the line. As with all other stops in life, some people got off and never left.
Throughout the years, the climate and condition of the land has lent itself to being a growth of the farming and agricultural industries. There are many products that are grown, cultivated and refined in North Dakota that supply the rest of the country. The state ranks among the top in production of sunflower products, wheat, honey, and beans. This has contributed to agriculture being the state’s largest economic driver. However, in recent years other industries have set up shop in the state, including technology as Microsoft and Amazon have many employees within it borders. In fact, the unemployment rate is around 3.7%, and has not exceeded 5% in over three decades. One driving force is the exploration an extraction of natural oil. A discovery of a source of the petroleum has lead to an increase in production, and a corresponding increase in jobs.
These economic forces have led the residents of the state to seriously examine their financial portfolio. It is a necessity that smart investments are made with your money so that your economic future can be secure. With the large tracts of wilderness and farms, you may think investing in property is the way to go but the recent collapse of the housing market has put the entire valuation process into serious doubt, making any investment in real state a real tricky proposition. You could invest in stocks and bonds, but only the super rich and brokers seem to make any real money. The best bet may be to invest in gold and silver. Precious metals have risen dramatically in value over the last few decades, often times outperforming the markets.
Bullion Sales Tax in North Dakota
As with other states, if you make purchase in North Dakota, your transaction may be subjected to a sales and use tax. Under the tax laws and regulations, www.nd.gov/tax, there is a state wide sales tax of 5%, with local tax added could be as high as 8%. There is an exemption for precious metal, as long as it is .99% pure, and is valued for its metal content and not the shape or form it is in.
Golden Eagle Coins, being an out of state retailer, does NOT have to charge sales tax to North Dakota 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.