Now that gold coins are classified as a legal tender currency investors will be able to purchase gold coins in a tax-deferred manner, much like they would a stock or a bond.
Fort Worth, Texas (PRWEB) June 09, 2014
Oklahoma governor Mary Fallin has signed a bill into law that will allow investors to buy gold coins without paying the in-state sales tax that is added to most items at the time of purchase, according to a KFOR News Channel 4 article published on June 5th. GoldCoin.net spokesman Keith Kelly issued an Investor Advisory to investors in that state today and spoke from his Fort Worth, TX, office about what the new law means for consumers.
“Paying sales tax on an investment is unheard of in most states and for most asset types, and Oklahomans have struggled to get the sales tax requirement for gold coin purchases removed,” Kelly said. “Now that gold coins are classified as a legal tender currency investors will be able to purchase gold coins in a tax-deferred manner, much like they would a stock or a bond.”
The new law changes the classification of gold coins, but Kelly says a provision in the law allows merchants to reject gold coins as payment for a transaction. “You’re not going to see people paying for gasoline or groceries with gold coins, but we do expect the new law to cause an increase in gold coin buying in the Sooner State. Seeing as how GoldCoin.net is just across the border in Texas we have already increased staff to accommodate the expected uptick in gold coin buying inquiries.”
Gold Coin (GoldCoin.net) has over two decades of experience advising household investors on smart physical gold and silver investments and gold coin IRA and 401k plans. They buy and sell all types of precious metals and offer free home delivery. For more information or a free Gold Coin Starter Kit, visit http://www.goldcoin.net or call 1-800-425-5672 today.