West Virginia, known as the "Mountain State," boasts a rich history intertwined with coal mining and the Appalachian Mountains. While coal has been a significant part of its economy, residents of West Virginia have also recognized the value of diversifying their investments.
That’s why many West Virginia residents choose to invest in gold and buy precious metals for long-term growth. Many also invest in silver, platinum, and palladium to diversify their portfolios.
If you want to buy gold online in West Virginia, you should be informed about both federal and state regulations.
|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|
For those considering opening a precious metals IRA, it's crucial to know which metals are IRS-approved. The IRS has set specific standards for the types of metals allowed:
Gold bars are available in different sizes, from a few grams to 10 ounces. They have a minimum purity standard of 99.5% and are stamped with details like weight, fineness, and serial number.
Some of the popular styles of gold bars include: