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If you have a GOLD BAR? what's the first thing that best you should do? Do you have to sale it into the bank?

3 Answers

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  • 2 decades ago
    Favorite Answer

    It has been legal to own and hold gold in the United States since 1971. I'm not familiar with laws on gold in other countries. You might want to rent a safe deposit box in a bank to store it in for safekeeping. The price of gold has risen dramatically in recent months and many gold bugs expect it go much higher so you might want to keep it as a long term investment. There are lots of gold dealers that will buy it from you. Most US banks would not be interested in buying it as they have no facilities for dealing in gold.

    You also might want to get it assayed if it is not of a known purity. Some of the gold dealers can get this done for you for a price. An assay is used to test the purity as gold is often alloyed with silver or copper.

  • 7 years ago

    If you are still interested in purchasing Gold Bars get back to me through my email address frankolee845@yahoo.com thanks and waiting my company sells Bars

  • kc
    Lv 4
    2 decades ago

    What's a 100oz bar worth these days? About 50K? You might want to consider putting in a bank safe deposit box.

    I have a safe deposit box. I'd be glad hold on to it for you. That's probably the best plan. I'll send you a post office box number and you can mail it to me.

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