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<p>[QUOTE=&quot;Cloudsweeper99, post: 714940, member: 3011&quot;]Let me put it simply.&nbsp; Let&#039;s say a person who paid $500 for a gold coin wishes to sell it.&nbsp; He walks into the coin shop at 10am and the dealer offers him $1000 for it.&nbsp; He wants to think it over, walks around the store, then accepts the offer at 10:05.&nbsp; You would say that there was $0 profit at 10am and $500 profit at 10:05 with the entire gain occurring in 5 minutes.&nbsp; I would say that the profit existed at 10am [and probably prior] and the coin owner can either let it ride or sell, but the profit still exists.&nbsp; I think you are hung up on tax calculations of gain or loss that are based on sale prices, and the fact that the future is different from the present.&nbsp; </p><p><br /></p><p>Also, if you think there is no gain unless you sell, it is logical to presume you think there is no loss unless you sell.&nbsp; But just as it is foolish to think there is no loss until you sell, it is equally foolish to think there is no gain.&nbsp; Selling is irrelevant to whether there is a gain or loss.&nbsp; It merely freezes the calculation.&nbsp; I&#039;ve seen people badly hurt because they had the mindset that there was no loss until they sold, and this kept them in a losing investment far longer than justified.&nbsp; It works both ways.</p><p><br /></p><p>But we have both given our viewpoints and everyone can decide for themselves how they want to think.[/QUOTE]</p><p><br /></p>

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