Message:

<p>[QUOTE=&quot;Rono, post: 1598799, member: 6492&quot;]Howdy all,</p><p><br /></p><p>Medoraman is spot on and so is your CPA.&nbsp; What you&#039;re talking about is the 30 day Wash Sale rule.&nbsp; IRS disallows losses on a sell if you turn around within 30 days and buy the same or similar asset.&nbsp; They are going to say it&#039;s the same and you&#039;ve got to convince them it&#039;s not.&nbsp; Bullion you&#039;re screwed but you might make a case with collectibles. </p><p><br /></p><p>However, collectible coins would be tough because you&#039;ve got to be able to register a loss - and prove it - and then turn around and replace the investment.&nbsp; The vigorish is probably going to outweigh the capital loss.&nbsp; And the collectible coin market doesn&#039;t have large enough swings to play it like you would a stock or even a mutual fund.&nbsp; You need to have a lot more volatility.</p><p><br /></p><p>Where we do have the volatility is with bullion.&nbsp; Alas.&nbsp; It would be very easy to do with a mutual fund because if you were riding a loss, you could sell it in December and turn around and buy a different precious metals mutual fund.&nbsp; Most pm funds invest in mining stocks rather than bullion, so it &#039;s not a pure play on the POG/POS but it&#039;s about as close as you can do safely.</p><p><br /></p><p>good luck,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in