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<p>[QUOTE=&quot;Troodon, post: 1576263, member: 4626&quot;]Um, not sure what you&#039;d have to report to the government.&nbsp; Private ownership of gold has been fully legal in the US since 1974 (and even between 1933 to 1974, exceptions were made for numismatic gold coins and certain jewelry, like wedding rings and family heirlooms).&nbsp; Now if you sell gold at a profit, strictly speaking you have to report that as capital gains, but if you buy more gold/coins with the profit it can be argued that&#039;s a like-kind exchange and you could delay the recognition of the gain.&nbsp; (Private ownership of silver the US was never illegal.)</p><p><br /></p><p>I don&#039;t think that&#039;s what it&#039;s talking about though; I get an undercurrent of anti-government paranoia, the pervasive belief that the government is going to find some way to take your stuff (and not just through normal taxation, not to get political about it).</p><p><br /></p><p>To the degree that you have any reportable gains, failure to report them would be a conflict of #10 lol... keep in mind you only have to report realized gains; if the gold you own goes up in value you don&#039;t have to pay any taxes on that gain unless/until you sell it.&nbsp; Ask a tax preparer (certified tax preparer/CPA/lawyer/registed agent, etc.) if you have any questions in this regard.</p><p><br /></p><p>As for the others; 1: good advice (don&#039;t buy so-called gold shares, physically receive the gold!); 2. Um, you can&#039;t avoid it unless you pan for your own gold lol, people who make a living selling gold have to eat somehow.&nbsp; 3. No reason you can&#039;t do both.&nbsp; Numismatic gold holds its value pretty well too, and the price of gold will always be the floor of what these are worth.&nbsp; Some rarer gold coins will still be rare even if the price of gold drops, so may even hold their value BETTER than bullion.&nbsp; And it&#039;s more interesting to look at!&nbsp; 4.&nbsp; Bad advice; silver&#039;s never going to be worth anything near what gold is.&nbsp; If you can afford gold, buy it instead if you&#039;re looking at long term investing.&nbsp; Silver may have the potential for gains but it&#039;s not as popular, thus much less in demand, thus much less likely to make the kinds of gains gold does.&nbsp; 5.&nbsp; Eh if you&#039;re talking numismatics may be good advice; small coins tend to be the first to get melted down so these tend to be rarer.&nbsp; 6.&nbsp; Good advice in general!&nbsp; Always educate yourself about ANYTHING you buy period.&nbsp; 7.&nbsp; Always a good idea.&nbsp; 9.&nbsp; See #3, there&#039;s no reason that your gold investment can&#039;t also be in numismatic gold coins, and sometimes that&#039;s the better way to go.[/QUOTE]</p><p><br /></p>

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