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<p>[QUOTE=&quot;KeyHunter, post: 8084063, member: 122558&quot;]I&#039;ve scoffed at the concept of a &quot;gold backed IRA&quot; since this scheme was hatched. The whole point of an alternative PM holding is to have it SEPARATE from the current monetary system and trends...especially seeing the the Govt has it&#039;s eyes on EVERYONE&#039;s IRA for either partial govt control or monkeying with the taxes. The Fed recently proposed changes to limitations you can withdrawal from ROTH IRA&#039;s...the Holy Grail of personal retirement accounts. Keep your PM&#039;s totally separate from conventional investments...even &quot;classifying&quot; them as investments vs collections, and the PM-building inventory process, handling and mindset. A recent online video touched on purchasing some fractional gold (in place of silver) and I posted the following:</p><p><br /></p><p>&quot;Love seeing your presentations re (in my case) buying fractional gold vs silver for future appreciation OR wealth preservation. Your point regarding design changes leads to a different aspect: accumulating the coins based on date/mintage/numismatics OR just stacking whatever you can get your hands on. Hobby gold and investment gold is taxed differently by the IRS:&quot;If coin collecting is one of your hobbies, meaning you acquire the gold coins for leisure rather than investment purposes, or if the sale is an ordinary transaction in your business, all profits are taxed as ordinary income – not capital gains. Hobby income is reported on the “other income” line of your 1040, whereas reporting business income depends on the type of entity you use, if any, and the tax form required for it.&quot;</p><p><br /></p><p>&quot;If the gold coins are held as an investment, meaning you don&#039;t regularly deal in them and held onto them for potential appreciation in value, they&#039;re considered a capital asset. Whenever you sell a capital asset, the resulting gain or loss must be reported on your return. This will first require you to determine your basis in the gold coins.&quot;</p><p><br /></p><p>In short, I &quot;stack&quot; based on dates, designs and mintages (full or partial date sets, keys, Type sets etc) vs a tube of just one date...mix it up for the average person and shop as a collection....with the lobbying and support of the coin and Numismatic lobby. Generic stacks of whatever is available might be looked at differently by the iRS so...I accumulate as a collector hat on in a hope to (possibly!!) hedge against future capital gains taxes. Of course, the IRS MIGHT change this with the proposed New Amy of IRS agents to be hired looking for taxable under every rock, but I&#039;ll stick to this until circumstances change <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie2" alt=";)" unselectable="on" unselectable="on" />&quot;</p><p><br /></p><p>Maybe it&#039;ll work, maybe not. But purchasing PM&#039;s from a researched-collector aspect is a lot more FUN than just buying whatever and generic stacking 30 of the same dates and denominations. Stacking just for &quot;ounces&quot; can get boring after a while...something I learned from silver stacking ovrr a dozen years...and upward valuation limitation it&#039;s over 100 year record (been over $30 less than 10 years over the last 100+...lost in it&#039;s under $30 realm). BUT DO dolar-cost-average stack silver to eventually convert to gold...&quot;convert large piles of silver into small piles of gold&quot;.[/QUOTE]</p><p><br /></p>

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