Will you buy back my bullion if the market price rises?

Absolutely. When bullion prices go up, that just means that bullion demand has increased and prices are higher relative to the dollar. We buy bullion at those higher prices because our customers will be paying us higher prices. The bullion markets are very simple: prices are simply re-adjusted in terms of how many dollars will buy an ounce based on the supply and demand in the world market. Every day, each precious metal is traded for dollars, and conversely, dollars traded for the precious metal. Price is the balance between the two.

Are bullion coins legal tender?

Yes, if they are government issued bullion coins with a face value. This nominal face value allows the coins to travel across national borders without the taxation or fees otherwise imposed by many countries on bullion itself.

Can I put bullion in my IRA?

Yes. You do need a custodian, a qualified third party such as a bank, to actually hold the qualifying bullion in your name. Some qualified depositories will do IRA storage of physical metals for you. Annual storage fees are usually involved, and an initial fee to set up the account.

Are bullion transactions of $10,000 or more reported to the government?

Only if they involve cash or cash instruments such as cashier’s checks which total over $10,000. There is no report on transactions involving single checks or bank wires are required. Currency regulations involving amounts over $10,000 were designed to thwart money launderers and drug dealers.

Do I have to pay taxes if I sell my bullion coins for a profit?

Yes. If you hold precious metals bullion as an investment, and later sell it at a profit, you will have either a long-term or short-term taxable gain,

Do scuff marks or scratches affect the value of my bullion coin or bar?

No. The physical appearance of your bullion coin or bar does not affect its resale value. Rather, its value is determined by the following three factors: metal, weight, and purity. The per ounce prices for precious metals like gold and silver are determined by world market conditions. Naturally, since the market price for each precious metal is determined on a per ounce basis, the weight of your bullion coin or bar will also always factor into its overall value. Finally, the purity of the metal from which your coin or bar is minted is important. The purity of bullion products can vary. Increasingly, however, government backed bullion coins and bars are refined to 99.99% purity, the highest level available on the market. Moreover, most bullion products are stamped with their exact purity for easy identification.

What is the best way to store bullion?

For anyone new to bullion investing, the question of how and where to store precious metal bullion coins and bars can be a perplexing one. When making this decision, investors should consider the following three factors: size, security and liquidity.