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Q: How easy is it to buy precious metals from BRC?
A: BRC is here to help you safely and easily acquire precious metals. Our professional and knowledgeable CPMA's ( Certified Precious Metal's Associate ) are standing by waiting to assist you.
Just call BRC at 866.980.COIN to speak with a BRC CPMA about prices, account options, and what products are available and appropriate for your portfolio. For your protection, all calls are monitored and recorded. Once you decide on products and quantity, the CPMA will give you a price quote. If you decide to accept the price and place and order, you have the choice to pay by check, bank wire, or credit card. As soon as funds are cleared, BRC will deliver your purchase order to your address within 7 business Days.
Q: Is there a limit to how much gold I can own?
A: In the U.S., there are no legal limitations on how much private gold one can own. At BRC we STRESS diversification of assets as a way to spread your risk. We believe in investing around 5% to 30% of your investment portfolio in precious metals assets. To find out how much is appropriate for you, please ask your financial advisor, then call BRC today to speak with a CPMA.
Q: Is there a difference between bullion coins and rare or “numismatic” coins?
A: Yes. The biggest difference is that the value of gold bullion coins is tied to the market price of gold (the same goes for silver, platinum, and palladium coins) while the value of numismatic coins is determined by scarcity, individual beauty, uniqueness, historical significance, and collector interest.
Q: How do I know if a bullion coin is authentic?
A: BRC only sells REAL, authentic bullion and coins. The weight and fineness of a coin or ingot is mostly stamped directly onto the bullion when it is minted, assuring quality and authenticity.
Q: Is the value of my bullion affected by marks or scratches on the bulloin?
A: Not likely. Bullion value is tied to the market price of gold so the physical appearance is not factored into its resale value.
Q: What are the benefits of diversifying my portfolio with precious metals?
A: Unlike many other investments, precious metals are not just a promise of money, they are real money. Having these intrinsically valuable, tangible assets in your portfolio can reduce overall risk and serve as a hedge against rising inflation. Precious metals can also act as a safe haven for your wealth in times of social, political, and economic unrest.
Q: Should I acquire European gold or American gold?
A: The type of gold you acquire is a matter of personal choice and depends on your specific financial goals. We strive to offer you a large catalog of gold acquisition options from all over the world. Call now and speak with a BRC CPMA to learn more about your options for acquiring gold and other precious metals.
Q: How do I best store my bullion purchases? (explain bullion)
A: Where you store your bullion depends on several factors, including the size of your purchase. If you are purchasing bulk quantities of bullion consider enlisting the services of a registered precious metals storage facility. If you prefer keeping your bullion close at hand, consider ordering smaller sized bars or bullion coins since they can be stored and transported with relative ease. If you are worried about the safety and security of your bullion, you may consider storing it in a vault at a bank or a registered storage facility. Many of our clients purchase home vaults/ safes to control their own holdings.
Q: Can I sell my precious metals back to BRC?
A: Yes. BRC not only sells coins, we buy them back as well. To trade with us, all you need to do is open an account. When you are ready to trade just call BRC and speak with one of our CPMA's who will go over your selling options and explain BRC’s procedure for buying back precious metals.
Q: If I sell my bullion coins for a profit, am I required to pay taxes?
A: Yes. Depending on how long you hold your bullion before selling it for a profit, you will either be taxed for a long-term or short-term taxable gain. BRC is not required to report certain types of numismatics coins upon liquidation. Call now and speak with a CPMA to find out more about these options.
Q: Do dealers buy coins back at the same price they sell them?
A: No. Like other dealers, there is a price difference between BRC’s “ask” price and our “bid” price. This price differential is often referred to as the “spread” or “transaction cost.” Typically, bullion coins have a lower spread than numismatic or semi-numismatic coins. In order to earn a profit selling back to us, you must sufficiently overcome the spread, or price differential, so it is vital you understand this concept before trading or exchanging coins.
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