Quote:
Originally Posted by Sabella
Anyone purchase gold recently who can recommend a honest , fair priced stable company to buy from. Any opinions on why the US currency will be worthless soon considering there in little gold to back the paper?
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As I see it, most of these companies are selling collectibles and commemorative coins that they want you to believe will increase by the price of gold increases and the value of the coin increases by limited. I think that both of these conditions happening at the same time is very rare.
IMHO, you would be better off buying gold or silver ingots and not count on the coin increasing in value because collectors are beating down your door wanting to buy it from you.
One more thing - precious metals are considered collectibles and are NOT taxed at the capital gains rate of 15%. Collectibles are taxed at 28%.