Buy Physical Gold in the USA — Complete 2025 Guide
The US market for physical gold is the largest in the world — but it's also the most confusing for new buyers. This guide covers everything specific to US-based gold buyers: IRS reporting rules, sales tax exemptions, domestic wire logistics, and the best products for US investors.
How It Works
1. Understand US-Specific Gold Rules
Most US states exempt bullion from sales tax. Federal capital gains tax applies when you sell. Purchases over $10,000 may trigger BSA Form 8300 filing by the dealer (not the buyer).
2. Choose US-Minted vs. Foreign Products
American Gold Eagles and Buffalos are the most universally recognized in the US secondary market. Canadian Maples and Krugerrands are equally liquid but slightly less instant-recognition.
3. Pick Your Payment Method
Bank wire: lowest cost, same-day domestic. Bitcoin: accepted at GoldBuller, good for privacy. Credit card: convenient but adds 3.5%. Check: free but delays shipment 5–7 days.
4. Verify Sales Tax for Your State
Most states exempt precious metals from sales tax. GoldBuller charges sales tax only where legally required. See our State Tax Guide at /insights/gold-silver-sales-tax-by-state.
Payment Method Comparison
| Method | Fee | Speed | Privacy | Best For |
|---|---|---|---|---|
| American Gold Eagles | 5–8% premium over spot | In stock, ships next day | Standard KYC | Most US investors — maximum liquidity |
| PAMP Gold Bars (1 oz) | 3–5% premium | In stock, ships next day | Standard KYC | Cost-focused buyers |
| 10 oz Gold Bars | 2–3% premium | In stock, 1–2 day ship | Standard KYC | $5,000+ purchases |
Frequently Asked Questions
Is gold exempt from sales tax in the US?
Most US states exempt gold bullion from sales tax. As of 2025, states including Texas, Florida, New York, Ohio, and most others exempt gold coins and bars. Hawaii is a notable exception. GoldBuller only charges tax where legally required.
Do I need to report buying gold to the IRS?
No. You do not report gold purchases to the IRS. The IRS requires reporting of gold sales if you profit. GoldBuller files Form 1099-B on certain large sales.
What is the best gold coin for US investors?
The American Gold Eagle is the most universally liquid gold coin in the US. It is legal tender, produced by the US Mint, recognizable by every US dealer, and IRA-eligible.
Start Buying Now
Complete KYC verification once — then buy with bank wire or Bitcoin any time, at the lowest premiums.
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