Zimbabwe to Launch Gold-Backed Digital Currency

central bank digital currency

Zimbabwe has had a long history of economic instability. From 2004 until 2009 the country experienced five years of hyperinflation.

More than ten years later, the economy is Zimbabwe is still in shambles. The Zimbabwe dollar was reintroduced in 2019. More periods of high inflation quickly followed.

2023-W Proof Gold Eagle and Buffalo Coins from the US Mint

2023-W Gold Eagle Proof 4 coin collectors set with box (ogp) and coa

The US Mint releases proof finish versions of the American Eagle and American Buffalo coins each spring. The coins are meticulously minted to a mirror-like finish which highlights the astonishing details sculpted into each.

Resale premiums on proof finish coins are higher than bullion. Dealer Buyback prices are often a few percent above melt value for coins that are in mint state.

Storing Silver at Home

It is a good idea when storing silver at home to be prepared range of possibilities. It doesn’t take very long to fill a box or small safe with shiny metal.

So when you are investing in a safe it is a good idea to plan ahead. A good home safe can be a significant investment that you don’t want to find yourself repeating every six months to a year.

Sales Tax When Buying Silver and Gold

$20 Liberty Double Eagle Obverse

Despite the long history of gold and silver being recognized as money, many states continue to tax their citizens for the privilege of owning these metals. The notion of sales tax on precious metals investing is contentious to some and represents a line in the sand between some legislators and investors.