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<p>[QUOTE=&quot;glimmer, post: 758584, member: 22079&quot;]Hello, I bought a couple of 1oz gold bars from Northwest Territorial Mint as investment and need to sell them. I don&#039;t know how this works. I looked at the Kitco website and am a bit lost as to how it all works, ie. mailing it out and all that. NWTM took a very very long time (about 6 months) to send them to me, and now I am very worried that whoever buyer I sell to will take months to pay me, and what if it gets lost? Please advise who is the best company to sell gold bars to. If I can physically sell to a company, I would prefer it. I live in NJ and can travel to NY to sell if needed. Also, do buyers pay in cash, check (personal or corporate?), wire, etc.. Which is the safest way to receive funds, pls advise. Are costs normally associated with it (eg check or wire, what is acceptable cost?). Do I need to ship out the bars, and pay for shipping, or is it normally paid for by buyer? How much tax can I expect to pay on the proceeds? When is this tax paid, eg. does the buyer send me some form at year-end to include with my taxes, or does it come out of the payment immediately, or is it even taxed? Are sales and purchases reported by buyer/seller to IRS? I heard that there are no taxes on gold, am not sure. Any advice is appreciated.</p><p>&nbsp;</p><p>I basically need a primer on how to sell bars and who to sell it to. I had a bad experience with buying, and want to make sure it doesn&#039;t happen with selling. Thank you in advance for your help.[/QUOTE]</p><p><br /></p>

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