Can I give gold to my children or grandchildren or
other heirs ?
Along with real estate, gold
has traditionally been the way to transfer
wealth from one generation to the next.
Many people take advantage of the $10,000
annual untaxed gift limit to pass down
a permanent form of wealth within the
family, on a regular basis.
On what occasions is gold an appropriate gift ?
Traditionally, gold coins are given as wedding gifts, and also are given to newborns. There
is no better start for a couple just getting married, than to receive some gold as a savings
for future use. Bestowing gold coins on new babies is also a popular gift of gold. Graduations
are also an appropriate time, as that's when a young person starts out in the world, and shouldn't
have to do so empty-handed, so to speak.
Is gold a good gift for young people ?
We think gold is much better than cash as a gift, in that gold
has a permanence that plain money doesn't have- money is to be spent, gold is to be saved. A
gift of gold presents a young person with the idea of savings, a sense of permanent wealth, as
opposed to some numbers that simply flow through his or her checking account. Gold has a weight,
presence, and brilliance, that distinguish it from other financial assets a person might own.
Hopefully, it gives a sense of savings and thrift. But certainly, it will make more of an impression
than just another check.
Can you ship gold that I buy as a gift ?
Yes, we can ship gold directly to the recipient you chose, anywhere in the United States. They
will receive your gift via Registered U.S. Mail, and we can include a card from you if you'd
like. Some of our clients take advantage of the annual tax free gift limit, and give their children
or grandchildren $10,000 packages each year.
Let us know if you'd like to make such a gift to
your loved ones.
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Onlygold did business at the same location for more than sixteen
years. CMI Gold & Silver Inc. has done business from three locations in Phoenix since 1973.
Both firms are Accredited Businesses with the Better Business Bureau,
and neither firm has had a complaint filed with the BBB—ever!
In addition to having really strong
bids on gold, silver, platinum, and palladium in coin and bullion form, we also purchase a wide range
of numismatic coins. We have especially strong bids for old US gold coins.
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All checks, shipments, and correspondence should be sent to:
CMIGS 3800 N. Central Avenue, 11th Floor, Phoenix, AZ 85012