mathjak107
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 27, 2005
- Messages
- 6,210
i have to agree, that i think it lagged up until recently
Check the after tax numbers.
if you sell thru any reputible place like bank or brokerage its reported when you trade it in. if you dont and take it somewhere priviate good luck as you will be offered way way below spot for sure. either way it will cost you dearly
Hmm, I guess I could sell my equities and not report those on my schedule D. That'd be as effective and just as legal.
Well congratulations. This is the first time I think anyone on the forum has ever espoused the potential for tax evasion as a benefit of an asset class...
Actually, I did no such thing.
Aside from being illiquid, inconvenient, limited to local market pricing and the potential for loss or theft, I guess it'd be a great idea.
My comments had to do with buying, holding and selling physical gold, not anything having to do with whether to invest in it or not.
Or, as in the case of my FIL as mentioned above (who lives in the heart of Gold Country), he cant sell it to anyone at all at any reasonable price.
Point was, there must be a couple of dozen coin and metal shops downtown from my FIL's house. It sure isnt NYC or LA, but these guys do a serious business just in tourist transactions. Its a pretty good volume business and theres plenty of competition. He'd like to sell the coins right now because he feels the price is good and he could use the cash to do some work on his RV. But he cant.