Private Money – Gold and Silver

Private Money – Gold and Silver

If you open a bank account that earns interest, you and the government receive a 1099 at year end. If you buy a home, the ownership change is filed with your county so that property tax records can be kept. If you purchase a car, boat or rv you have to register the vehicle. If you buy farm land the deed must be recorded. Brokerage accounts also have to report when you buy and sell and any income you earn. In short, there is a record somewhere of everything you do.

Physical precious metals that are held personally do not have such reporting requirements. When you purchase metals from Hill and Vaughn, we do not have to report your purchase to any agency. We do have to abide by anti-money laundering laws and our firm takes that very seriously. What we don’t have to do though is tell any government agency that you purchased metals from us. The transaction is private. We like the privacy of precious metals and we know that our customers do as well.

 

Private Money – Gold and Silver

For more on this issue and to discuss the other nuances of precious metals investing, please take advantage of our free consultation. We can discuss your goals and objectives and give you our thoughts with no obligation on your part.