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Hobie
ParticipantThis is how it was explained to me by a gold salesman: Bullion should not be your entire IRA holdings. First you use non-IRA funds to buy, then you must take possession of bullion. Not coins. It’s purchase and sale are not reported by the seller to the IRS. When you sell, it is up to you to declare as ordinary income. They said that in transactions under $10k ‘no one’ reports, just cash out and done.
They don’t talk about what the bank reports when you deposit a $10k check.
Like I was saying, it makes you think. I’m with everyone else, just trying to figure out the best way to preserve my capital and bank for retirement.
ParticipantVery interesting Edna in respect of future taxation on Roths. Sure seems like easy money for the fed to bail out Social Security, etc.
As much as don’t like investing in precious metals I’m now wondering if gold or silver bouillon may be a good tax free hedge. The only ‘tax’ if you will is the service fees when you sell it.
Still comes down to whether the growth less the anticipated taxes is greater than bouillon. But it keeps us thinking.
ParticipantVery interesting Edna in respect of future taxation on Roths. Sure seems like easy money for the fed to bail out Social Security, etc.
As much as don’t like investing in precious metals I’m now wondering if gold or silver bouillon may be a good tax free hedge. The only ‘tax’ if you will is the service fees when you sell it.
Still comes down to whether the growth less the anticipated taxes is greater than bouillon. But it keeps us thinking.
ParticipantVery interesting Edna in respect of future taxation on Roths. Sure seems like easy money for the fed to bail out Social Security, etc.
As much as don’t like investing in precious metals I’m now wondering if gold or silver bouillon may be a good tax free hedge. The only ‘tax’ if you will is the service fees when you sell it.
Still comes down to whether the growth less the anticipated taxes is greater than bouillon. But it keeps us thinking.
ParticipantVery interesting Edna in respect of future taxation on Roths. Sure seems like easy money for the fed to bail out Social Security, etc.
As much as don’t like investing in precious metals I’m now wondering if gold or silver bouillon may be a good tax free hedge. The only ‘tax’ if you will is the service fees when you sell it.
Still comes down to whether the growth less the anticipated taxes is greater than bouillon. But it keeps us thinking.
ParticipantVery interesting Edna in respect of future taxation on Roths. Sure seems like easy money for the fed to bail out Social Security, etc.
As much as don’t like investing in precious metals I’m now wondering if gold or silver bouillon may be a good tax free hedge. The only ‘tax’ if you will is the service fees when you sell it.
Still comes down to whether the growth less the anticipated taxes is greater than bouillon. But it keeps us thinking.
ParticipantFyi, when the customer disputes a credit card charge, the vendor automatically pays a fee ($25) to the card for the investigation– regardless of the outcome. Sucks for the good guys but this hopefully puts the squeeze on the crooks.
Another fyi, while I always try to buy locally the largest mail order camera houses(Adorama, B&H, Calumet)have really cleaned up their act now. 20+ years ago it was risky to order from them but now they have good pricing, no tax, and terrific customer service.
ParticipantFyi, when the customer disputes a credit card charge, the vendor automatically pays a fee ($25) to the card for the investigation– regardless of the outcome. Sucks for the good guys but this hopefully puts the squeeze on the crooks.
Another fyi, while I always try to buy locally the largest mail order camera houses(Adorama, B&H, Calumet)have really cleaned up their act now. 20+ years ago it was risky to order from them but now they have good pricing, no tax, and terrific customer service.
ParticipantFyi, when the customer disputes a credit card charge, the vendor automatically pays a fee ($25) to the card for the investigation– regardless of the outcome. Sucks for the good guys but this hopefully puts the squeeze on the crooks.
Another fyi, while I always try to buy locally the largest mail order camera houses(Adorama, B&H, Calumet)have really cleaned up their act now. 20+ years ago it was risky to order from them but now they have good pricing, no tax, and terrific customer service.
ParticipantFyi, when the customer disputes a credit card charge, the vendor automatically pays a fee ($25) to the card for the investigation– regardless of the outcome. Sucks for the good guys but this hopefully puts the squeeze on the crooks.
Another fyi, while I always try to buy locally the largest mail order camera houses(Adorama, B&H, Calumet)have really cleaned up their act now. 20+ years ago it was risky to order from them but now they have good pricing, no tax, and terrific customer service.
ParticipantFyi, when the customer disputes a credit card charge, the vendor automatically pays a fee ($25) to the card for the investigation– regardless of the outcome. Sucks for the good guys but this hopefully puts the squeeze on the crooks.
Another fyi, while I always try to buy locally the largest mail order camera houses(Adorama, B&H, Calumet)have really cleaned up their act now. 20+ years ago it was risky to order from them but now they have good pricing, no tax, and terrific customer service.
ParticipantWhy is it that so many of the folks involved with selling/trading gold wear pinky rings and other bling?
Answers are really not necessary.
ParticipantWhy is it that so many of the folks involved with selling/trading gold wear pinky rings and other bling?
Answers are really not necessary.
ParticipantWhy is it that so many of the folks involved with selling/trading gold wear pinky rings and other bling?
Answers are really not necessary.
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