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<p>[QUOTE="10gary22, post: 1355854, member: 23626"]While I agree that PM's generally hold value, they do fluctuate, sometimes quite widely. Forced sales can be expensive in bad timing. But today, I would buy only 1/4 oz gold coins or smaller or silver coins. The reason, that with modern reporting requirements of transactions, it is becoming more and more difficult to exchange 1 oz coins for cash. Smaller dollar amounts don't seem to have that problem. The LAST thing you want to happen is to sell a gold coin then wait 7-10 days for the buyer's check to clear. As happened to me with a sale recently of a single Maple Leaf. Taxes are unaviodable for any of them. It's a responsibility to pay your taxes. But when trading or selling PMs, I believe if you cannot realize immediate cash, you should buy commodity paper through your broker.[/QUOTE]</p><p><br /></p>
[QUOTE="10gary22, post: 1355854, member: 23626"]While I agree that PM's generally hold value, they do fluctuate, sometimes quite widely. Forced sales can be expensive in bad timing. But today, I would buy only 1/4 oz gold coins or smaller or silver coins. The reason, that with modern reporting requirements of transactions, it is becoming more and more difficult to exchange 1 oz coins for cash. Smaller dollar amounts don't seem to have that problem. The LAST thing you want to happen is to sell a gold coin then wait 7-10 days for the buyer's check to clear. As happened to me with a sale recently of a single Maple Leaf. Taxes are unaviodable for any of them. It's a responsibility to pay your taxes. But when trading or selling PMs, I believe if you cannot realize immediate cash, you should buy commodity paper through your broker.[/QUOTE]
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