Eagle European Capital, LLC (EEC) began in answer to the need for a trustworthy source to purchase gold and silver coin and bullion products at competitive prices. Further, we desire to prepare people for the global economic crisis by providing helpful information. Purchasing gold and silver metals is one important facet of preparation for the future. For additional suggestions, see Strategies to Prepare under the Resources tab.
For decades, financial advisors have advocated an allocation of one’s portfolio into precious metals. Today the reasons are more compelling. Physical precious metals should be a core holding of any portfolio. While the percentage varies from person to person, these holdings provide a place to store wealth away from the government and from crumbling financial systems. Gold and silver represent money from Biblical times to present day. In 1912, J.P. Morgan stated, “Gold is money and nothing else.” This comment came one year before the U.S. Federal Reserve was established.
So what is money? One definition is a payment for goods and services and repayment of debts. Many businesses within the U.S. and around the world accept the U.S. dollar for payment. The U.S. dollar is also the world’s reserve currency. However, another definition is a store of value which can be accumulated and used later. But what gives money its value?
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We believe owning physical gold and silver coins and bullion exemplifies the best strategy, acting as an insurance policy in today’s perilous world. This investment offers financial privacy and reduces risk. Physical metals are not subject to a bank, a stock exchange or a court of law. Your metals have intrinsic value.
As a financial planner, Jill recommends that her clients purchase physical gold and silver metals. Sadly, she found they sometimes overpaid as well as purchased unsuitable coins and bullion for their needs. With over 20 years in financial planning background, Jill spent years of research regarding precious metals.
However not all gold and silver coins and bullion sold are reported to the IRS or taxed the same. Did you know that if you sell certain coins and bars over certain weights in one year you are subject to 1099-B reporting to the IRS? Isn’t this information important? However, many sources of precious metals do not provide adequate information for investors.
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