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It is always a difficult decision when planning your economic future. You want to make wise choices when deciding on investments. Through the years you have heard that real estate will always be a safe prospect, as property will not lose its value. Well, the recent housing crisis proved that maxim to be wrong. Property will never lose value, if it is valued properly in the first place. If the property is overvalued, than it will be a bad investment. The stock market is a confusing place, where it seems only the brokers are making any real money. As shown in 2008, the financial institutions are not the safest place to save your money. It all harkens back to a time when we stored our money n our homes our own personal safes, or simply under our mattress on our bed. So, in planning for your later years, or simply deciding where to invest your money, you may want to look into Gold and Silver.
In Colorado, Gold and Silver have along, rich history and tradition. In the 1800s, as settlers from the East were heading for the Pacific, they would make camps in Colorado. Some of them stayed, finding the open lands, beautiful landscape, and inviting prospects of living in Colorado to much to ignore. Some of these travelers were heading west to prospect for gold. In the 1850’s, gold was discovered in Colorado, leading to more settlers staking claims on the land. In the 1870’s large deposits of silver were found in the hills, streams and mountains of the state. This led to a booming silver mining industry which dominated the state for many decades. Instead of continuing on along the journey towards the coast, many people settled right in the heartland, selecting Colorado as the perfect place to search for their fortune. Gold and Siler became vital to the growth of the local economies. Many lived off the land, spurring the economy by trading gold and silver, and using the nuggets and flakes as currency in the local towns across the state.
Over the years, these precious metals have remained very important for the culture in the state. There are a number of reputable dealers in cities across the state which deals in gold, silver, and other precious metals and currency in all forms and shapes. When making purchases in Colorado, you may have to pay a sales tax on your products. In fact, there have been recent changes to the tax rates for sales tax in many cities in the state. However, for dealers in bullion, currency, gold, and silver, there are no worries. The Colorado legislature passed a law many years ago exempting all purchases of gold and silver bullion from sales tax which can be viewed here: www.revenue.state.co.us/fyi/html/sales60.html. If a product derives its value from the precious metal it contains there is no sales tax. However, if the product, such as jewelry, has a value in addition to the value of the gold or silver contained in the product, it may be subject to sales tax.
Golden Eagle Coins, being an out of state retailer, does NOT have to charge sales tax to Colorado 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.