There are some stores where you can walk right in put down dollars or a debit card and walk out with gold and say that you were truly able to buy gold. But would you be correct? Funny thing about gold, gold is a currency, so can you really buy gold if gold is a currency? [Buy Gold Online, Coins and Bullion Bars ]

One way to look at this situation about the ability to buy gold being fact or fallacy would be to consider taxation. For instance, if you buy gold from ITMTrading.com. There is no sales tax applied to the transaction currently, so can it be thought of technically more of a trade rather than a sale, very much the way you might trade a cashier a twenty dollar bill for a ten and two fives. When the cashier opens the drawer to make the transaction, their is no sale being made and no record is even kept of the transaction because it is a trade.

At This Time There Is No Sales Tax Collected When You Buy Gold At ITMTrading.com.

One could argue that a gold purchase is indeed a sale, just not one subject to sales tax, but what was the last item you purchased that was over $1,000 an ounce and not subject to sales tax? Unless you constantly dine on duty free Beluga caviar in Swiss tax free zones, chances are that never would be the answer.

The Finest Caviar Can Rival The Current Price Of Gold When Compared Ounce To Ounce. Would You Rather Buy Gold Or Fish Eggs?

Do You Really Buy Gold When You Buy Gold Jewelry?

Do you really buy gold at a jewelry store? Again an argument could be posed that buying gold jewelry is subject to sales tax, so that buying gold earrings and paying tax on the transaction is indeed a situation where you buy gold.

There are a few caveats when you buy gold in a jewelry store however, and those caveats should be brought up at this point in the discussion. Very little of the gold used in jewelry is pure gold, or 24 karat gold. Often jewelry is made from gold that is an amalgam of almost 50% other metals that are not gold, and this is done to make the jewelry more durable, as pure gold or 24karat gold is very soft and will lose its form easily. Since gold jewelry is not sold by the ounce anyways, but at a fixed price per piece far above that of the inherent gold value, you do not really buy gold when you buy gold jewelry, you are purchasing artwork for wear where a gold alloy is used as the artwork medium.

Buying Jewelry In Order To Buy Gold Carries A High Premium. Jewelry Is Really Gold Artwork Before It Is Gold Currency, But If Needed It Will Function As Both.

But here is where it gets kind of tricky in the buy gold / buy jewelry discussion. Gold jewelry can be turned either into gold currency or currency of any other sort for that matter because the gold in the jewelry still functions as a currency, either in or out of it’s jewelry form. So then the argument could be made that you did buy gold, you just paid much much more than the going per ounce rate to have it in the form of displayable and wearable gold.

Whatever side of the fence you fall on in this discussion, perhaps clear is the point that if you are trying to efficiently buy gold, or perhaps convert dollars into gold as seen from another perspective, that paying a high premium to buy gold in the form of jewelry and then pay sales tax on the transaction is not an efficient route to take in the pursuit of financial gains in the gold market.

You Will Get Just As Much Physical Gold In A Box Of Scrabble Pieces As You Will If You Buy Gold Through An ETF Account.

Do You Buy Gold When You Buy A Gold ETF Fund?

As far away perhaps as acquiring jewelry as a way to buy gold, is the gold ETF. A gold ETF is a rather new financial product that is supposed to give the investor that wants to buy gold an easy way to buy gold. But beware, things that seem too easy often are. When buy into a gold ETF (Electronically Traded Fund) in order to buy gold, there are no sales taxes, just like if you were buying a gold bar online from ITMTrading.com, the difference is however that the gold ETF will not send a gold bar to your front door like ITM Trading will.

In fact what will happen if you buy into a gold ETF is they may buy gold and put it in their vaults, or they may do any number of odd things with your investment funds, it is all in their fine small print. If you read the print long enough you will find that there is one thing they will not do for you, and that is buy gold. They will buy gold for themselves with your money, but they will never ever buy gold for you.

If You Try To Buy Gold Through An ETF, They Will Stack Gold In Their Vault, But You Will Get None.

In fact, not only will a gold ETF not buy gold for you, they will charge you to store the gold that they bought for themselves when you originally wanted to buy gold for yourself. Check the fine print again. Even if the fund goes belly up and they liquidate and you actually get something back, it will be a check, not gold. So, can you really buy gold through a gold ETF. Perhaps you can buy gold for someone else through an ETF, but you cannot buy gold for yourself, so what is the point.

So What do you do if you want to buy gold? In reality all you can do is ignore the semantics and either pick up the phone and call an ITM Trading precious metals specialist at 1.888.OWN.GOLD and find they best way for you to buy gold that meets your financial objectives, or if you have already gained the education in gold types and gold markets necessary to make informed and prudent decisions and buy gold directly at ITMTrading.com.