Are there any limits to the amount of gold you can own? The answer is no. In the United States, there are no restrictions on private gold ownership. The only thing that limits you is your budget and common sense. Unlike traditional currencies such as the dollar and euro, the value of gold ingots is based on the value of the precious metal itself, making it a safe investment.
If you sell gold at a profit, you will be subject to long-term or short-term taxes, just like any other investment. Gold ingots are especially valuable because their value is determined by the gold itself. Many investment firms and banks consider gold bullion to be a long-term solution for protecting their assets. When you hold a real gold coin in your hand and feel its weight and density, you understand why it is so difficult to imitate. Investing in gold is seen by many as a way to secure and protect their wealth from any unexpected events. These pieces include, among others, fractional gold coins; American Eagle gold or silver coins; any foreign currency not explicitly mentioned in the IRS List of Declarable Items; and U.
S. currency created after the list was established in the 1980s.