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How hard is it to take gold and silver bullion out of america and take it to India?

I am planning on moving out of the country and going to india. I have some gold and silver bullion that I would like to take with me but I don't know the laws.

The interesting thing is that gold and silver prices are pretty much the same around the world, allowing for currency valuations.

I would recommend selling the gold and silver here, take the money (much more transportable) and buy gold and silver when you get there. No nasty customs inspections. No troublesome export laws.

Grandpa

2008-08-20 22:29:57 by whazzupfoke | Posted in Investing

Where is the best place to buy Silver bullion?

Where is the best place, on the web or otherwise, to buy pure silver bullion coins? I would like coins that are closest in price to the actual market price of silver as possible. Thanks.

kitco.com,
bulliondirect.com
http://www.apmex.com/ are the few of website ,
bulliondirect has good rate among all.

Hope it will help,

2007-07-23 08:28:56 by Jason K | Posted in Investing

Where is the best place to buy Gold or Silver bullion bars?

Where is the best place to buy Gold or Silver bullion bars? On the internet (which site) or from a dealer? Where is the best place to buy precious metals that is certified?

What are the risks involved in buying precious metals?

Apmex.com is the best place to buy PMs online. You may be able to do better with a local dealer if you can establish a good relationship. I'm not sure what you mean by "certified" if you mean slabbed by a grading company like PCCGS or NGC it is really not worth it for bullion coins.

RIsks are just like buying any other commodity; there is likely to be volitility & you may not be comfortable with the price swings if you are only in it for the short-term gains. In the long-term, PMs are in a multi-year bull market & will do very very well for the next 3-5 years or so.

Also you must consider storage with physical gold & silver. Silver is especially bulky when you are talking 100+ ounces so you must think about a place to safely store your bullion.

Hope that helps!

2008-04-10 16:09:24 by emartel01 | Posted in Investing

what is the best buy for silver bullion?

am interested in purchasing 10k ounces of silver bullion.what would you recommend.maple leafs,100 ounce bars,or 1000 ounce bars.seems to be difficulty in finding smaller bars and i like the idea of the lower premium over spot with the larger bars.also who do you recommend:bank of novascotia,border gold,j and m coins or others.

SLV is an ETF.

2008-10-14 09:15:55 by toby | Posted in Investing

What is the tax rate on silver bullion? Is it treated like a collectible (28%)? Or 15% capital gains tax rate?

I have heard conflicting reports about the tax rate for silver bullion - some saying "numismatic coins" are treated as collectibles (28%) - but bullion long term is only 15% - anyboby know the definite answer ?

The tax rate on collectibles is 28% which are defined as stamps, antiques, gems and most COINS). Buillion is an investment grade asset and therefore subject to capital gains rates. See IRC Section 1221 for definitions of Capital Asset (or more specificaly, what is not a capital asset).

2006-04-29 17:49:52 by nowayjose | Posted in United States

Is it ok if silver bullion tones? Does it adversely affect the value of the bullion?

On some silver bullion even if it has been packaged in an air tight package after minting it sometimes develops some nasty looking toning, sometimes it even looks like a burn mark. Do these adversely affect the value of the bullion?

No, it doesn't.
But I still don't buy 'em.

If a dealer is purchasing large lots, it won't matter to them. But small buyers are drawn to 'shiny'.

(did you mean 'tarnish'? I'm going to have to look up 'tone')

2006-04-03 16:32:20 by professional student | Posted in Investing

Why are Silver Eagle Coins harder to purchase than silver bullion?

I have called Fidelity and Schwab wanting to purchase that specific coin for investment(about 20k worth) and both companies said the coins are not easily purchased. They come available only so often. Bullion can be bought right away.

You are attempting to buy them from the wrong source. Here is one place where they can be purchased.

http://www.apmex.com/Category/160/Silver_American_Eagles_Uncirculated_2008__Prior.aspx

2008-11-03 11:43:42 by richtallent | Posted in Investing