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<p>[QUOTE="Cloudsweeper99, post: 81568, member: 3011"]If you want an investment, the answer is stocks. Coins, strictly speaking, are not an investment. I view gold and silver coins as an alternative currency, so they are the equivalent of a foreign currency money market fund. But that's me. Since you are thinking about coins, you probably should look at stocks that will respond well to higher rates of inflation, since that is presumably what you want coins to protect you from since they generate no income. Both are specialties. If you haven't invested in either stocks or coins before, be prepared to pay a little "tuition" in the form of losses as you become more educated about each.</p><p><br /></p><p>Think twice about buying stock in an IRA or Roth IRA. Long term gains and dividends outside of the IRA umbrella are currently taxed at 15%. Inside of the IRA they are taxed as ordinary income when the money is withdrawn. Don't accept anyone's advice on this. Run the numbers for yourself.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 81568, member: 3011"]If you want an investment, the answer is stocks. Coins, strictly speaking, are not an investment. I view gold and silver coins as an alternative currency, so they are the equivalent of a foreign currency money market fund. But that's me. Since you are thinking about coins, you probably should look at stocks that will respond well to higher rates of inflation, since that is presumably what you want coins to protect you from since they generate no income. Both are specialties. If you haven't invested in either stocks or coins before, be prepared to pay a little "tuition" in the form of losses as you become more educated about each. Think twice about buying stock in an IRA or Roth IRA. Long term gains and dividends outside of the IRA umbrella are currently taxed at 15%. Inside of the IRA they are taxed as ordinary income when the money is withdrawn. Don't accept anyone's advice on this. Run the numbers for yourself.[/QUOTE]
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