Sales tax will NOT be charged for items in gold, silver, platinum or palladium bullion, as they are exempt from sales tax when shipped to an Alabama address. The State of Alabama requires a simplified flat-rate use tax of 8% on some products sold by BGASC and delivered to an address in Alabama. These taxes must be collected on copper products, certain bullion items are less than. All other products sold by BGASC are exempt from these taxes.
The United States Gold Office, Directors and Representatives do not guarantee to customers that they will make a profit or guarantee that losses will not be incurred as a result of following their coin collection recommendations or settlement of coins purchased from the United States Gold Office. By non-monetized ingots is meant gold or silver that has been melted or refined and that has a value that depends mainly on its gold or silver content and not on its shape. As of September 28, 1983, monetized bars include gold medallions minted under the authority of the American Arts Gold Medallion Act (Title IV of Public Law 95-630). These taxes must be levied on any currency that contains gold or silver but is not recognized as a means of exchange for the payment of debts and taxes; any coin or bar made of platinum, palladium or copper; any bullion product made of gold or silver if such bullion is not stamped or printed to its weight and purity, accessories and processed products.
Investors often perceive the high costs of owning gold as dealer margins and physical gold storage fees, or management fees and trading costs for gold funds.
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