The Taxpayer Relief Act of 1997 (Pub. L. 105–34, H.R. 2014, 111 Stat. 787) was enacted by the 105th United States Congress and signed into law by President Bill Clinton on August 5, 1997. This legislation reduced federal taxes and introduced the Roth IRA. Provisions Roth IRA and Retirement Accounts: The Act established the Roth […]
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Bullion is a non-ferrous metal that has been purified to a high standard of purity. The term usually refers to bulk metal used in making coins, especially precious metals like gold and silver. The word “bullion” comes from the Anglo-Norman term for a melting house where metal was refined, and from the French word “bouillon,”
Britannia coins are British bullion coins made by the Royal Mint. They have been issued in gold since 1987, silver since 1997, and platinum since 2018. Each coin features Britannia, a symbol of the United Kingdom, on one side and a monarch’s image on the other. Gold Britannia coins contain one troy ounce of gold
The American Gold Eagle is an official gold coin of the United States. It was authorized by the Gold Bullion Coin Act of 1985 and first released in 1986 by the United States Mint. Since the word “eagle” also refers to pre-1933 ten-dollar gold coins, people usually mention the weight to avoid confusion, like saying
Proof coinage refers to special early samples of a coin issue, originally made to check the dies and for archival purposes. Nowadays, proof coins are often made in larger numbers for collectors. Almost all countries have issued proof coinage. Creating proof coins usually involves polishing the dies. These coins can be distinguished from regular circulation
The Queen’s Beasts coins are British coins produced by the Royal Mint in platinum, gold, and silver since 2016. Each of the ten coins in the series features a stylized version of one of the heraldic Queen’s Beasts statues from the coronation of Queen Elizabeth II. The silver coin is notable for being the first
The Canadian Gold Maple Leaf (GML) is a gold bullion coin made by the Royal Canadian Mint and issued by the Government of Canada every year. It first came out in 1979. The GML is legal money with a face value of 50 Canadian dollars, but its actual market value depends on the price of
Investment generally means committing resources to gain benefits in the future. If money is involved, it means putting money in with the hope of making more money later. More broadly, investment can be seen as managing the spending and receiving of resources to optimize these flows. When discussing money, the term “cash flow” refers to
The Lunar or Shēngxiào (生肖) coin series is a collection of British coins issued by the Royal Mint that features the Chinese zodiac to celebrate Chinese New Year. First issued in 2014, the series includes coins in various denominations of silver and gold, available as both bullion and proof coins. Year of the Horse 2014
A fee is a payment made for receiving rights or services. It covers overhead, wages, costs, and profits. In the UK and Ireland, professionals often receive fees rather than salaries or wages and may use guineas instead of pounds. Historically, a Knight’s fee was land given to a knight for their service. A contingent fee