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Cash for Gold USA, an established gold buyer, is a top choice for selling your gold items. They offer competitive rates for a wide range of gold items, including jewelry, scrap gold and gold coins.
To determine if the time is right to sell gold jewelry, keep an eye on the price of gold. In the early months of 2022, gold price per ounce was hitting near historic peaks, hovering around $2,000 ...
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The UK government's intention to sell gold and reinvest the proceeds in foreign currency deposits, including euros, was announced on 7 May 1999, when the price of gold stood at US$282.40 per ounce [9] (cf. the price in 1980: $850/oz [10]) The official stated reason for this sale was to diversify the assets of the UK's reserves away from gold, which was deemed to be too volatile.
Elsewhere in Europe though, Norway has exempted both gold and silver bullion coins with face value from VAT; Norway is part of the wider EEA (European Economic Area) and thus applies the same "intra-community transaction" rules to all of Europe on a bilateral basis resulting in legally tax-free silver coin availability throughout all of Europe.
If you sell your gold coins for a loss, which you ideally won’t do, you don’t have to worry about capital gains taxes. Instead, you can claim a capital loss deduction on your tax return to ...
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