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Whether your intended recipient is interested in investing or drawn to the allure of precious metals, consider the benefits of offering gold or silver as a gift. Many investors consider that gold and silver provide a strong store of value with comparatively lower risk of depreciating during times of economic instability. And many recipients will be excited to know they possess a rare and valuable precious metal.
Many investors consider that gold and silver provide a strong store of value with comparatively lower risk of depreciating during times of economic instability. Giving a gift of precious metals could, therefore, be a gift of financial stability and potential long-term growth.
KEY TAKEAWAYS
What Are Precious Metals, and How Do You Buy Them?
Precious metals are rare, naturally occurring metallic elements that hold high economic value due to their scarcity, durability, and desirability. The most commonly known precious metals are gold, silver, platinum, and palladium. Their unique properties, including resistance to corrosion, make them valuable for various applications beyond just their monetary value. They are used in jewelry, industrial applications, and as an investment. Investing in precious metals is often seen as a hedge against economic instability.
Purchasing Physical Precious Metals Buying physical precious metals is the most traditional method of gifting them. You can buy bars or ingots (sometimes known as "bullion"), coins, or rounds from precious metal dealers, either in person or online. When buying physical precious metals, it's essential to consider the storage, insurance, and the authenticity of the metals. It's also advisable to buy from reputable dealers to ensure the quality and authenticity of the precious metal. 
Purchasing precious metal jewelry is another classic and personal way to gift precious metals. Jewelry often carries emotional significance, making it a cherished gift for many occasions. When buying jewelry as a gift, you have the opportunity to choose pieces that reflect the recipient’s taste, the occasion, or even a shared experience or memory. Reputable jewelers and jewelry stores offer a wide range of options, from rings and necklaces to bracelets and earrings, made from gold, silver, platinum, or other precious metals. Some jewelers also offer the option to customize pieces, adding an extra touch of thoughtfulness to your gift.
It's advisable to understand the purity and quality of the metal, usually indicated by a hallmark, and ensure that the jewelry comes with a certificate of authenticity. Buying from reputable and established jewelers, whether in physical stores or online, can help ensure that you're purchasing high-quality, authentic pieces. 
TIP: Auctions, both online and in-person, can be exciting venues to acquire unique or rare precious metal items as gifts. While the competitive bidding environment may drive prices higher, the chance to gift a distinctive or historically significant piece could be well worth the extra cost.
Exchange-Traded Funds (ETFs) & Mining Stocks
Exchange-Traded Funds (ETFs) are a more modern way to invest in precious metals without having to deal with physical storage. Precious metal ETFs track the price of the precious metal and are traded on stock exchanges, making them accessible to ordinary investors. They offer liquidity and ease of trading but do not provide physical ownership of the metal. Investing in stocks of mining companies is another, more indirect way to gain exposure to precious metals. By investing in a mining company, you are essentially betting on the company's ability to profit from mining and selling the precious metals. It's a more indirect way of investing in precious metals and comes with risks associated with the company's performance and the mining industry. These could be suitable options for those who appreciate the value of metals but prefer a more liquid or diversified gift in the form of an investment product. How to Gift Gold and Silver Bullion or Coins Bullion can be purchased at a spot price, which includes both the cost of the metal itself and additional costs related to the transaction. In most cases, the best way to purchase bullion or coins is through a licensed retailer. Popular online licensed retailers includeAugusta Precious Metals, American Precious Metals Exchange (APMEX), JM Bullion, and Wholesale Coins Direct. The process is fairly straightforward and will look like this:
You’ll also need to account for the continued costs of insurance for the gold or silver after your recipient has them in their possession. If this is a cost that you don’t want to impose on your recipient, be prepared to make alternative arrangements such as continuing to pay for insurance yourself. Jewelry The process of buying and gifting gold or silver jewelry is similar in many ways to that of bullion or coins. One key item to keep in mind is that many pieces of jewelry labeled as gold or silver may have metals of much lower purity compared to bullion or even coins. It’s helpful to consult with a caratage chart, which provides insight into the composition of gold or silver by karat. As with bullion and coins, be vigilant to ensure that any retailer you buy from is reputable and licensed. Beware of deals that seem too good to be true. Unfortunately, there have been countless instances over the years of fake or fraudulent gold and silver jewelry and bullion sales.3 ETFs or Mining Stocks Precious metal ETFs or mining stocks can be purchased through your broker and then gifted as any other share of stock. This involves an electronic transfer of the shares to the recipients' brokerage account. When buying gold or silver jewelry, it’s useful to know that items marketed as gold or silver may have significant variations in the purity and quantity of those precious metals. This is why it’s important to use a trusted, reputable dealer and to understand how caratage works. Taxes on Gold and Silver Gifts There are tax implications for individuals owning gold or silver in the form of bars, ingots, coins, and other physical items. The Internal Revenue Service (IRS)considers these items to be capital assets and collectibles.4 As such, they are subject to capital gains tax. Capital gains tax is a levy on the profit made when an investor sells an investment.5 Your gift recipient may be subject to capital gains taxes if they choose to sell the gold or silver at a future time. As the person giving gold or silver, you should also be aware that your gift may be subject to gift taxes. This is dependent upon the value of the gift that you give, among other factors. Consult with a trusted tax professional for specific guidance regarding the taxes on your gift as this will vary depending on where you live. How Much Gold Can You Gift? In the U.S., there aren't specific limits on how much physical gold you can gift to someone. However, there are tax implications and other considerations to keep in mind:
How to Deal With Inherited Gold or Silver Inheriting precious metals like gold or silver necessitates a blend of legal, financial, and practical steps. Initially, verifying legal ownership according to the will or probate process, and obtaining necessary documentation is crucial. It's advisable to get an appraisal from a reputable appraiser to ascertain the current market value of the metals and document this alongside any certificates of authenticity. Ensuring safe storage, either in a secure home safe or a safe deposit box, protects your inheritance from theft or damage. It's also prudent to understand the tax implications of your inheritance, possibly consulting a tax professional to grasp any estate tax or capital gains tax liabilities, and to learn about reporting requirements. Deciding on whether to sell, hold, or gift the inherited metals is also an important step. If selling is your choice, researching reputable dealers, auction houses, or online platforms will serve you well. On the other hand, if gifting the metals, being aware of the tax implications is important. Incorporating the value of the precious metals into your overall financial planning, and understanding how they fit into your long-term investment goals is beneficial. Furthermore, educating yourself about the precious metals market and seeking professional advice from financial advisors and legal counsel can provide a structured approach to managing your inherited assets wisely. How Can You Give Gold or Silver As a Gift? The most common ways to give gold or silver as a gift is through tangible items like bullion, coins, or jewelry. You can also provide indirect gifts of gold or silver through shares of an exchange-traded fund (ETF) or metals mining companies, for example. Do You Have to Pay Taxes on Gifted Gold? You may. Gold or silver gifts may be subject to gift taxes, depending upon the value of your gift and other factors. Recipients of precious metals gifts may also need to pay capital gains taxes if they sell the gold or silver at a future date. What Other Things Should You Keep in Mind When Giving Gold or Silver? Be sure to purchase your gold or silver gift from areputable, licensed retailer. You’ll need to take into account that the cost of delivering, storing, and insuring these items can be significant. There may be costs associated for your recipient in these areas, so be sure to have a plan for how those costs will be covered. The Bottom Line Precious metals like gold and silver can make for a valuable and meaningful gift. You may consider giving your recipient indirect investment exposure to precious metals through an ETF, a mutual fund, or shares in mining companies. However, part of the allure of gold or silver as a gift may rest in giving your recipient a tangible and physical asset. In that case, you can give precious metals in the form of bullion, coins, or jewelry. In addition to any tax implications of valuable gifts, if you’re planning to give physical gold or silver, it’s important to shop with a reputable dealer and keep in mind the costs associated with delivery, storage, and insurance. 
Article originally posted here.
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 From our experience, Texas has always been a multifamily powerhouse in terms of its demand. But why does Texas have such high multifamily demand? TMG’s Jon Krebbs recently spoke with Brandi Smith of REjournals to discuss the multifamily investment market in Dallas, and had this to say: Texas is a right-to-work state. It has a lower cost of living compared to states such as California or New York. There’s no state income tax. Someone can have a very high quality of life here at a bargain compared to some other markets. As long as there are jobs being created, you’re going to see a lot of activity from apartment developers and a lot of demand from apartment buyers. And although 2020 had its uncertainties, we were able to find creative ways to help both buyers and sellers find their next deals. We overcame logistical challenges by using virtual tours, educating buyers about prospects, and preventive measures during inspections and due diligence. Those items were instrumental in helping close more deals in 2020. But, besides Dallas, what else in Texas is high in multifamily demand? San Antonio is a highlight for us because of its steadily growing market and its location in the middle of Texas. Since the rents aren’t high in San Antonio, you can still get a property for about $65,000 a unit. On the other hand, deals in Houston or DFW can go for $90,000 to $100,000 a unit for a Class-C Property. It’s a substantial difference. And according to the U.S. Census Bureau, San Antonio is the second fastest growing city in the country. These factors combined, along with our focus on San Antonio are one of the few reasons we are #2 for Top Seller Brokers in San Antonio according to CoStar. The reality is that when it comes to Texas, we don’t see any headwinds to multifamily investing. There’s too much job growth for that to be happening. And with that growth will come more opportunities for both investors and sellers to get results. This article originally appeared here.
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© COPYRIGHT 2023. ALL RIGHTS RESERVED.