Residents in Utah know that economic stability is a priority. That’s why many of them choose to buy precious metals to keep their assets secure in times of market volatility. The gold spot price has been increasing for the past couple of decades and remains relatively stable.
Today, you can invest in gold products from anywhere in the U.S. and get them delivered to your doorstep. But it’s important to first learn about the governing laws and regulations on gold in the state of Utah. Read on to find out more.
|Single||Up to $44,625||$44,626 to $492,300||Over $492,301|
|Head of household||Up to $59,750||$59,751 to $523,050||Over $523,051|
|Married filing jointly||Up to $89,250||$89,251 to $553,850||Over $553,851|
|Married filing separately||Up to $44,625||$44.626 to $276,900||Over $276,901|
A few decades ago, only the American Eagle gold coin was approved by the IRS to be included in a gold IRA. Today, the list has expanded and continues to grow to include precious metals that match the following requirements:
The price of gold coins depends on their purity and weight. Coins weigh between a few grams and a few ounces and contain about 99.9% gold. However, some older coins may contain 90% or 92% gold but cost more than their face value because of their rarity, scarcity, artistry, and demand.On the other hand, gold bars are priced based on their purity and weight. They weigh between one gram and 400 ounces and contain 99.9% gold. All gold bars have their purity, weight, and manufacturer’s name inscribed on them.