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Wholesale retail store is selling gold bars for nearly $2,000 ... which can cost from $60 to $120 a year. ... the one-ounce bars from South Africa’s Rand Refinery are selling for the whopping ...
It is usually created at the site of a mine and then transported to a refinery for further purification. The proportions of silver and gold can vary widely. Doré bars weigh as much as 25 kg. During the 19th century gold rushes, gold nuggets and dust were melted into crude gold bars mistakenly called "bullion" by miners. They were, more ...
The resulting gold is 99.999% pure, and of higher purity than gold produced by the other common refining method, the Miller process, which produces gold of 99.5% purity. [1] [2] [3] For industrial gold production the Wohlwill process is necessary for highest purity gold applications.
In some cases, there is no gold involved in the laundering scheme. Colombia reported 70 tons of gold exports for 2012 despite production of only 15 tons. [2] This is a result of fictitious gold exports filed with the Colombian customs agency by drug cartels to import "cash from international drug deals". [2]
In terms of specific places to sell gold bars and/or coins, choices include the United States Gold Bureau and dealers/platforms such as Cash for Gold USA, Express Cash Gold, Worthy, Sell Your Gold ...
In any case, the short answer to all this is that you will have to pay taxes on profits you earn from selling gold coins. If you sell your coins to a coin and precious metals dealer, the IRS will ...
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