I sure do wish banks here in America sold gold directly to the public! Up tell now I thought only China did this. Scotiabank in Canada will deliver physical gold to your door!. Why cant U.S. banks do the same? Here is the link to the banks gold store.https://www.scotiamocatta-estore.scotiabank.com/stores/scotiamocatta/Catalog/FeaturedProducts.aspx The gold and silver bars are priced in Canadian dollars I dont know what the conversion in U.S. dollars would be.
i don't buy bar. those were only bullion. buy official coins like america eagle and maple leaf round gold coins.
Scotiabank has been a major bullion bank for many years. I've called them on occasion and they are very helpful in answering questions. However, a US citizen can only open an account by visiting one of their branches in Canada.
Coins or bars its all GOLD! as long as the coin or bar is widely recognized by a buyer its all the same
I don't know what the local tax laws are like, but in Britain, there is a tax incentive to only buy British gold bullion in the form of Sovereigns and Britannias and their fractions because as domestic legal-tender currency, they are exempt from capital gains tax when you sell them for a profit later on, whereas foreign coins like Krugers, Eagles and Maples would be taxed if the sale exceeded the £6,000 threshold limit.....
Taxes on gold in any form in the U.S. are outrageously high! as much as 33%. I bet if they could get away with it they would make it 100%.
In the UK, gold is VAT-exempt, so transactions in sovereigns and Britannias are essentially tax-free, although any transaction of £5,000 or more or £10,000 or more in a single year has to be registered with the tax office to make sure you aren't up to no good. Our government seems to want us all to invest in gold for some reason, although by the sounds of it, the US government seems hostile....
I myself dont understand the high tax ether. Its allmost like they dont want you to own gold and silver in the U.S.
I don't think it is hostility as much as indifference and/or ignorance. The tax code is so impossibly complex that the tiny provision about gold doesn't make it's way into the consciousness of the lawmakers. If they were hostile, the US Mint would not be selling gold.
Don't know if they still do it but the banks in Milan and Zurich used to sell gold coins from a number of countries. In fact at the train and bus depots in Zurich there were currency conversion stands that sold gold coins. As I recall the rates were very good compared to what I would have paid in the US for similar coins.
Oooo I like, maybe I'll have to open an account sometime haha. (maybe after I get out of college and have some money to spend lol) Really neat thing they have there.
Minimum order at the TD bank here in Canada is, for silver bars 1000 oz and for the silver Maple Leaf bullion coin is 100 coins. As well, a lot of times they are out of product and you have to wait.The only silver available at my bank a few weeks ago, were 1000 oz bars.
