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<p>[QUOTE="Owle, post: 1344020, member: 22004"]The largest percentage loss on the part of "investors" would be IRA proof precious metals with box and papers at huge mark-ups; when dealers were trading these for under $2000 for the gold eagle proofs, they were offering them at $3000 or so. Nothing illegal there, probably not at $4000 a piece either except by state law, not federal law. Also the European older gold coins for their "numismatic" value, safe from confiscation by the government, don't you know, it could be 1933 all over again one of these days....Not likely.</p><p><br /></p><p>There are much bigger scams that get the takers not just poorer but in legal jeopardy. Those attract more interest from law enforcement than high priced product scams. </p><p><br /></p><p>If you want to avoid taxes on PMs, not that a good CPA could not help you reduce the tax bite to the minimum, I am sure there are many obvious ways, but not worth the aggravation and potential trouble.[/QUOTE]</p><p><br /></p>
[QUOTE="Owle, post: 1344020, member: 22004"]The largest percentage loss on the part of "investors" would be IRA proof precious metals with box and papers at huge mark-ups; when dealers were trading these for under $2000 for the gold eagle proofs, they were offering them at $3000 or so. Nothing illegal there, probably not at $4000 a piece either except by state law, not federal law. Also the European older gold coins for their "numismatic" value, safe from confiscation by the government, don't you know, it could be 1933 all over again one of these days....Not likely. There are much bigger scams that get the takers not just poorer but in legal jeopardy. Those attract more interest from law enforcement than high priced product scams. If you want to avoid taxes on PMs, not that a good CPA could not help you reduce the tax bite to the minimum, I am sure there are many obvious ways, but not worth the aggravation and potential trouble.[/QUOTE]
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