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Author: telegraph Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 726584  
Subject: Re: Gold Coins Date: 11/21/2012 6:09 PM
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JLC:"Also, they aren't tracked like stocks/bonds etc. I buy one now and sell 10 years from now, who knows or proves what my cap gains were?"

There are no cap gains on things like 'art' and gold coins.

You pay full freight income tax on any gain.


The IRS might, if you sold to a broker or someone else who recorded the transaction.

or if you bought it the same way.

And if you didn't are you smart enough not to get ripped off with a half gold coin half lead coin?



t.
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