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Many people convert to cherished steel investing as a means to diversify their portfolios. This is due to gold along with other precious metals don’t usually correlate with stocks and bonds.
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Consider that gold and various important metals are taxed at a collectibles price of 28%. But you’ll only have to pay back this tax for those who offer your important metals.
Gold and the US dollar typically have an inverse relationship, with their prices going in reverse directions. For that reason, gold can function a hedge versus the US greenback and also other fiat currencies.
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