Gold Buying Guide

Explorer

Practical information about gold

Value of old coins in francs

This article explores the criteria determining the value of franc coins, with an emphasis on precious metal content, rarity and state of conservation. He points out that coins containing precious metals like gold and silver have significant intrinsic value, while rarity and state of preservation can greatly influence pricing on the numismatic market. The guide also advises against aggressive cleaning of the pieces, which could diminish their historical and collectible value.

Everything you need to know about Nordic gold

Nordic gold is duller than gold, although it also has a yellow color. It is therefore possible to differentiate classic gold and Nordic gold with the naked eye. To learn how to do it, you can come and meet our Gold Union experts by visiting one of our stores. At the same time, our experts will reveal the different characteristics of Nordic gold and explain to you in what form to buy gold.

Differences between gold leaf and physical gold

You are looking for an investment and you have thought about gold ? Several solutions are available to you but which one to choose ? Paper gold or physical gold ? Each investment solution includes risks and benefits. So in these lines, we take stock with you!

Differences between gold and pyrite

Pyrite is a mineral that is quite similar in appearance to gold, which has caused many errors in the past. Nicknamed fool’s gold, pyrite is adorned with golden reflections. It is also considered a lucky stone. Want to know more about this golden stone ? You've come to the right place at Gold Union!

How much is a gold bar worth ?

How to differentiate karats from gold ?

The term “carat” comes from the term “quirat”, used in the navy. Ships could belong to several owners, and each share (24 in total) was then referred to as a “quirat”. Nowadays, the meaning of the word “carat” has changed a lot. Let’s find out together what the carat of gold is!

What are the measures of gold ?

Everything you need to know about gold jewelry hallmarks

You have noticed a small hole in your gold ring or necklace ? You think that a defect has appeared ? Don't panic! It is surely the hallmark. This stamp certifies the purity of the object. You want to know more ? It’s here!

How to store your gold ?

You have just bought your first gold bar ? You have inherited a collection of gold coins ? You will need to store them in an appropriate place and in optimal conditions in order to preserve their value . Here, we explain how to do it. Follow the guide!

How is the price of gold fixed ?

The price of gold, a crucial indicator in the world of precious metals investing, is determined by a complex and dynamic set of factors. At the heart of this process is the law of supply and demand: increased demand for gold, whether for investment reasons, jewelry making, or reserves by central banks, can lead to an increase in its price. Conversely, abundant supply can lead to lower prices.

Where and how to find gold ?

It is probably the most fascinating precious metal and has sparked the quest of industrialists, jewelers and individuals for centuries. If many rivers in France turn out to be rich in gold, before going on a treasure hunt we will tell you more about the gold zones. Objective: maximize your chances of finding nuggets and glitter!

What is the variation in the price of gold ?

The price of gold is used to determine the price of gold bars and coins. It can experience upward or downward variations. These changes play a crucial role in international transactions. We explain to you in these lines how the price of gold evolves!

How to recognize gold with the naked eye ?

Jewelry and other objects made of metal sometimes take on a golden color, even though they are not real or pure gold. It may therefore seem difficult to recognize gold with the naked eye when you are not an expert. However, a few tips prove useful to know if you are dealing with gold. With the naked eye or with the help of a few tools, you will be able to identify the authenticity of the gold and even the gold content of the metal you own. And of course it remains possible to trust the wise eye of an expert.

How to estimate the price of gold ?

What are the differences between bars, ingots and gold coins ?

Investing in gold requires knowing the different terminologies. Ingots, ingots or gold coins, these terms cover concrete notions. Depending on your desire to create or expand your gold holdings, you will choose one or the other. So, discover here what the ingots, ingots and other investment gold coins hide!

Everything you need to know about edible gold

Gold is a truly very versatile precious metal, since it can even be found on our plates! We are also talking about culinary gold. This is a more common practice in some parts of the world than others. For example, Asian countries commonly put gold in their dishes and pastries, to decorate edible accessories.

What are the different uses of gold ?

Gold is a metal used by humans for millennia, for its physical and chemical properties (malleability, inertia against oxidation, electrical conductivity, etc.), as well as for its unique brilliant shine. If during the first discoveries of gold, it was used as is, we find it today in much more diverse forms, in particular thanks to the alloy with other metals (silver, nickel, platinum, etc.). Its applications have therefore multiplied, so much so that we find it not only in jewelry, but also in everyday objects, in cutting-edge technologies, etc.

A gold buying guide for secure and informed investments

Buy gold with confidence by understanding the essentials of purchasing precious metals. This guide covers regulations, tax implications, and best practices to help you make smart decisions.

Why invest in gold and silver?

Gold and silver remain trusted assets for preserving wealth. Their value often rises during economic uncertainty, making them a reliable choice for diversifying your portfolio. Investors appreciate their stability and the protection they offer against inflation.

When you buy gold, you gain access to a tangible asset with a long history of retaining worth. Silver, while more volatile, also provides opportunities for growth and industrial demand. Both metals are easy to liquidate, offering flexibility when you need to sell.

Understanding gold buying regulations in the US

Before purchasing, familiarize yourself with precious metals regulations. In the US, dealers must comply with federal and state laws to ensure transparency and security. Reputable sellers, like GoldUnion, follow strict guidelines to protect buyers.

Key points to consider:

Dealers must verify your identity for transactions over $10,000.
Some states have additional reporting requirements for large purchases.
Always request a receipt and certificate of authenticity for your records.

How capital gains tax gold affects your investment

Profits from selling gold or silver may be subject to capital gains tax. The IRS treats precious metals as collectibles, which can impact your tax rate. Short-term gains (held less than a year) are taxed as ordinary income, while long-term gains (held over a year) are taxed at a maximum rate of 28%.

To optimize your tax situation:

Keep detailed records of purchase prices and dates.
Consult a tax professional to understand your obligations.
Consider holding assets for over a year to benefit from lower tax rates.

Steps to buy gold and silver securely

Choose a trusted dealer

Select a dealer with a strong reputation and transparent pricing. Look for reviews, certifications, and clear policies on returns or buybacks.

Decide on the form of metal

Gold and silver are available as coins, bars, or rounds. Coins like the American Eagle or Canadian Maple Leaf are popular for their recognition and liquidity. Bars offer lower premiums but may require assay certificates for resale.

Verify the gold value

Check the gold value before purchasing. Prices fluctuate daily, so timing your buy can maximize your investment.

Complete the transaction

Pay securely using bank transfers, credit cards, or cash (within legal limits). Ensure your purchase includes proper documentation for authenticity and ownership.

Storing your precious metals

Storage options include:

Home safes: Convenient but require security measures.
Bank deposit boxes: Secure but may limit access.
Third-party vaults: Offer high security and insurance for larger holdings.

Insure your metals against theft or damage, especially if stored at home.

Selling your gold and silver

When selling, compare offers from multiple dealers to get the best price. Be aware of gold reporting requirements—dealers must report sales over certain thresholds to the IRS. Keep your purchase records to simplify the process and verify ownership.

Common mistakes to avoid

Ignoring fees: Some dealers charge premiums or hidden costs. Always ask for a breakdown.
Overlooking purity: Ensure your metals meet industry standards (e.g., 24K gold, .999 fine silver).
Skipping research: Understand the market and dealer reputation before committing.

FAQ : Gold Buying Guide

What documents do I need to buy gold?

You’ll need a government-issued ID for transactions over $10,000. Smaller purchases may only require basic identification.

Are there restrictions on how much gold I can buy?

No federal limits exist, but dealers may set their own policies. Large purchases may trigger gold reporting requirements.

How do I know if a dealer is legitimate?

Check for accreditations from organizations like the BBB or ICTA. Read customer reviews and verify their physical address.

Can I buy gold without paying sales tax?

Some states exempt bullion from sales tax. Research your local laws or ask your dealer for details.

What’s the best way to track the gold value?

Use reliable sources like gold value charts or financial news platforms for real-time updates.