Investing in gold is a common approach for diversifying a portfolio or hedging against inflation. However, the tax implications of gold investments can cause some challenges. The Internal Revenue Service (IRS) has specific guidelines for capital gains tax on gold, so it’s important for investors to be aware of these rules to prevent surprises during tax season. Key Insights Hold gold longer to lower your tax rate, making the most of the capital gains tax benefits and avoiding higher taxes. Understand IRS guidelines on capital gains taxes for gold, ensuring you’re not caught off guard ..read more

Selling gold is not just about finding someone willing to buy, there’s a whole world of tax rules and reporting that you also need to consider.  Here at OWNx, we get that this can feel like a maze. So, in this post we’ll try to simplify things a bit and guide you through to tackle the question:  “How much gold can I sell without reporting?” Key Insights Lower Taxes on Long-Term Sales: Selling gold after holding it for a year can lower your tax rate on the profit. Report Large Cash Sales: You must report any gold sale over $10,000 in cash to the IRS. Dealer Reporting Requi ..read more

Diving into gold investment begins with understanding gold bar weights, vital for both newcomers and experienced investors. This guide covers everything from the basic weights of gold bars to their significance in investment portfolios, and some common gold bars by weight. Giving you the information you need to make the right when you decide to buy or trade good bars. Key Insights From roughcast bars to shiny minted ones and special commemorative bars, there’s a gold bar for every investor. Whether it’s a 1 oz snack or a hefty 400 oz, gold bars come in sizes for every pocket. Big b ..read more

In the world of NASCAR, speed, strategy, and endurance are not just part of the race; they’re essentials for crossing the finish line first. Blake Koch and Dale Earnhardt Jr. have taken these elements from the track to the entrepreneurial world with their venture, FilterTime®. This journey from high-speed racing to high-efficiency air filtering is nothing short of a victory lap in the making. Let’s explore how these racing stars are paving their way to business success. Backgrounds of the Founders Both Koch and Earnhardt Jr. boast impressive careers in NASCAR, with Koch having 213 starts in t ..read more

When planning for retirement, diversification is key. Traditional investment options like stocks and bonds are good, but Gold IRAs offer a unique opportunity to safeguard your savings against economic fluctuations. This investment choice not only diversifies your portfolio but also provides protection against inflation. But what if you want to use money that’s in an employer sponsored plan like a 401K?   In this post we look at the gold IRA rollover and how it works. Key Insights Gold IRAs keep your retirement savings safe from ups and downs in the market. Rolling over a 401K to ..read more

Since 1997, folks have been able to add precious metals like gold to their IRAs, but the “home storage” option, popping up around 2014, has stirred up a lot of questions. In this post we hope to clear up any confusion around keeping your gold IRA coins and bullion at home. Key Insights Gold IRAs are a solid way to keep your retirement savings safe from unpredictable financial markets. The idea of keeping your IRA gold at home has come up a lot since 2014 but it’s tricky because of strict rules. The IRS isn’t on board with keeping IRA gold at home, pointing out it goes against their ..read more

Key Insights Gold IRAs offer protection against economic downturns and market volatility. OWNx facilitates fractional ownership of large, IRA-approved gold and silver bars, enabling instant IRA transactions and competitive pricing. A range of IRA-eligible gold coins and bars provide diversification, quality, and investment flexibility. Gold IRAs offer tax advantages, portfolio diversification, and a safeguard against diminishing purchasing power. Withdrawing before age 59½ can lead to penalties, making it important to choose a reputable company like OWNx for Gold IRA guidance ..read more

Key Insights Gold IRAs offer protection against economic downturns and market volatility. OWNx facilitates fractional ownership of large, IRA-approved gold and silver bars, enabling instant IRA transactions and competitive pricing. A range of IRA-eligible gold coins and bars provide diversification, quality, and investment flexibility. Gold IRAs offer tax advantages, portfolio diversification, and a safeguard against diminishing purchasing power. Withdrawing before age 59½ can lead to penalties, making it important to choose a reputable company like OWNx for Gold IRA guidance ..read more

Gold, a symbol of wealth and luxury, has been treasured by civilizations for millennia. Its lustrous yellow shine and malleability have made it a favorite for jewelry, coins, and various artifacts. But a common question that arises is, does gold rust? Let’s delve into the world of gold and debunk some myths. Key Insights Gold does not rust, because it doesn’t contain iron. Gold is considered a Noble Metal and like other noble metals, it doesn’t react or mix easily with other substances. Mixing gold with other metals like silver and copper may cause the gold to tarnish. Maintaining ..read more

Platinum is one of the rarest and most valuable metals in the world, yet it is often cheaper than gold. This may seem counterintuitive, but there are several factors that influence the pricing of these precious metals. In this section, we will explore these factors and provide insights into why platinum is cheaper than gold. Key Insights Platinum is a rare and valuable metal that is often cheaper than gold. The pricing of precious metals is influenced by a variety of factors, including market dynamics, industrial demand, and historical trends. Understanding these factors can help in ..read more