Bo Polny’s Blog

Gold Is On The Rise Again

Gold Is On The Rise Again

If you haven't noticed, the price of gold is on the rise again and some investors have already taken notice. The main reason for this is the threat of inflation is back, after being dormant for many years. Inflation in a Nutshell Inflation occurs when the dollar (or...

Why You Should Continue Trusting Gold

Why You Should Continue Trusting Gold

You don’t have to worry about paying capital gains tax until the gold is sold. The IRS does not see gold as a significant taxation source; instead, it is considered a collectible. However, it is still taxed at a capital gains rate. Whether you buy gold bars, coins or ingots, you have to pay a capital gains tax regardless. However, you pay this tax after selling the gold and only if the gold has been owned for more than a year.

Mining Stocks on the Rise

Mining Stocks on the Rise

The majority of investors have historically ventured into safe assets, including minerals, at periods of political and economic turmoil. The year 2020 was not different, as it saw a price rise in precious metals like silver and gold, and iron ore. The rising demand is to keep rising in 2021 as the world starts to recover from the COVID-19. The mining industry is divided into senior and junior mining companies where the former offer minimal risk stocks while the latter have stocks with higher risks. The industry is among the world’s most valuable sectors. While investing in their stocks can be risky, it can be an excellent investment.