You can sell it to someone besides dealer for cash and forget about the tax. Right now with gold selling at 49 bucks above spot, it's not a good deal. Silver at 3.65 over spot is.

I read that if you're 65 or older that capital gains don't apply. Any truth to that?

you could have bought it just becuse you wanted it and it would not have mattered if it would loose value. People buy things they want even when it goes down in value. just look at vehicles. Gold is a great buy to have.
But it's not the best investment for making money. Just like people thinking that their houses is an investment it's not it's a liability. Investments make money a house cost you money even when paid off. taxes insurance and up keep. so it's a liability. Sure it's likely to rise in value but you won't see that unless you sell it.

Unrealized capital capital gains is what they are proposing

in the past they have made gold illegal to own.

Not true. There is no capital gains tax age exemption.

Ya think grandkids would think it would be cool to get some silver or gold pieces from grandpa when he passes?

4

Most likely our view the ability of currency to keep it's value is different

Please explain.


Birthdays and Christmas would be better. Teaches them the value of money

You should have seen the big party me and my women had last night in celebration.....I am still worn out from it all....

I bet your keyboard and screen are too.

Like the old saying goes, Paper Fiat Currency is King!

No, just getting started.
Heck your on here more than me.

you uploading your only fans stuff today? making any extra cash with it ?

PF, with your analogy, stocks and mutual funds arent investments either....you never see the rise in value until you sell it. Im in the corner that houses and real estate are absolutely investments. The quicker you pay off, the better an investment it is.

You want to see that don't you. Sorry to disappoint ya.

midlander I have you ever herd of dividends? houses and resistance are absolutely investments if your renting them out and they are bringing in money. The house you live in is necessary you need a place to live. But it's not an asset it's a liability. assets make money liabilitys cost you. Your house will cost you even when paid off. new roof, yard mowing, taxes and insurance. are a few examples. your vehicle is the same unless using it for business or its a collectors. it's loosing value and cost you money in repairs, tires, oil changes. But still necessary.

Sure your realtor tells you your house Is the best investment you will ever make to get you to feel OK and buy more house than you need and we're wanting so they can make a bigger commission.

it's simple if it makes money it's an asset, if it cost you it's a liability.

Net worth is figured assets - liability= your net worth. Your home value is definitely figured into your net worth as are your vehicles yet they are still a liability becuse they are a cost not profit.

Only to get more marketing ideas for mine. All these girls are cashing in I'm sure there is a market for middle age Trappers.

So what you are saying is that stocks are a liability because you pay taxes on reinvested dividends each year even when you dont sell and make a profit ..?

you made money regardless of what you chose to do with those profits. yes some returns are stolen by the government.

I'm thinking you just don't quite like your ideas challenged. You want to think your home is an asset cool a lot of people believe things that are not true just turn on the news you will see examples very quickly. It is OK very few Americans are financially educated. What's worse is how few try to get educated.


Now if you take out a loan on that house and use the money to make money more than the loan cost it could be an asset. or even using it for collateral for a business or other money making thing.