Message:

<p>[QUOTE=&quot;Prime Mover, post: 1640930, member: 38783&quot;]Let me ask this question then - is this considered an investment?&nbsp; Simply because I don&#039;t see the purchase of PM as a &quot;use&quot;.&nbsp; The letter of the law may (and usually is) very different than the logic of it.&nbsp; I can see tax on pretty much everything we use, and actually including jewelry, but how can you justify a &quot;use&quot; tax on an instrument of money?</p><p><br /></p><p>The way I look at it is that I don&#039;t pay any taxes on the stocks I &quot;buy&quot;, but when I sell, I&#039;m either assessed a tax based on the gains, or a deduction based on the loss.&nbsp; I approach the purchase of PM&#039;s and collectible coins the same way.&nbsp; I should be responsible for logging the purchase price, and the sales price only if and when it&#039;s sold, and calculating the gain or loss as I would any other investment vehicle.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in