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<p>[QUOTE="Clawcoins, post: 8548377, member: 77814"]My post was about Long Term.</p><p>PMs vs PMs vs Equities.</p><p><br /></p><p>Of course, when you cash in equities you'll pay taxes.</p><p>When you cash in PMs ... well, that $10k per transaction limit may make your thinking a bit fuzzy on how you handle your "profit" and if you sell in smaller chunks.</p><p><br /></p><p>The numbers above don't show the entire picture. It's that "hot" vs "cold" thing [USER=26302]@medoraman[/USER] mentions. I recall when I bought my high school class ring that Gold was above $800 / ounce. That was in 1980ish (18 years prior, and $500 <b><u><i>HIGHER</i></u></b> to the start of this thread)</p><p><br /></p><p>Then in college my ring when Gold was above $400 around the time the US MINT started making ASE/AGEs.</p><p><br /></p><p>Compared to 1998 when my AGE was $295/oz.</p><p><br /></p><p>Of course, in between those two instances Gold was under $300 and afterwards.</p><p>It took gold another 18+ years to make those purchases break even.</p><p>Talk about feeling one is getting ripped off. At least those class rings were more than just an investment.[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 8548377, member: 77814"]My post was about Long Term. PMs vs PMs vs Equities. Of course, when you cash in equities you'll pay taxes. When you cash in PMs ... well, that $10k per transaction limit may make your thinking a bit fuzzy on how you handle your "profit" and if you sell in smaller chunks. The numbers above don't show the entire picture. It's that "hot" vs "cold" thing [USER=26302]@medoraman[/USER] mentions. I recall when I bought my high school class ring that Gold was above $800 / ounce. That was in 1980ish (18 years prior, and $500 [B][U][I]HIGHER[/I][/U][/B] to the start of this thread) Then in college my ring when Gold was above $400 around the time the US MINT started making ASE/AGEs. Compared to 1998 when my AGE was $295/oz. Of course, in between those two instances Gold was under $300 and afterwards. It took gold another 18+ years to make those purchases break even. Talk about feeling one is getting ripped off. At least those class rings were more than just an investment.[/QUOTE]
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