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<p>[QUOTE=&quot;lucyray, post: 1039519, member: 24565&quot;]Thank you Gary.&nbsp; I do have purchase records for everything I have, if capital gains is what I will have to pay when the time comes, then, yes it will be a big hit; bought when silver was low, very low. 50% of what I have (of the silver) has a stepped up basis to November of 2005.&nbsp; On the other hand, if I have good timing, I can try to sell silver when I must take a loss elsewhere <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />&nbsp;&nbsp; I have done this once already (2006) , swapping the lions share into gold; paid the big hit for that but didn&#039;t understand it at all -- just signed what my cpa said to sign, being carried along like a 2 year old.&nbsp;&nbsp; My internal debate now is whether or not to &#039;upgrade&#039; the nerve wracking&nbsp; remaining &#039;junk silver&#039; for &#039;bullion silver&#039;, or get rid of it and take the hit, keeping gold.&nbsp; If I upgrade, I don&#039;t think I pay any gain (not until I actually get rid of it, in other words, like kind for like kind.&nbsp; Eventually I&#039;ll take the hit on gold, and quite honestly I don&#039;t believe &quot;at this time&quot; converting to paper dollars is a viable option -- dollar is so -- what to say--unpredictable?&nbsp; But the junk silver now has me worried..&nbsp; Then the tax laws changing..maybe..</p><p><br /></p><p>Thank you again.&nbsp; I must say, I think I hate it all!&nbsp; And sheesh, I can&#039;t even think about actually LOOKING into any of those bags, boxes, pails! :desk:</p><p><br /></p><p>I have said before, I am coming along, kicking and screaming the whole way!</p><p>Lucy&nbsp; (I&#039;m guessing this is off topic, so apologize to all.&nbsp; If I have any more questions I&#039;ll put them somewhere else.)[/QUOTE]</p><p><br /></p>

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