
06-11-2025, 02:25 PM
|
Sage
|
Join Date: Feb 2016
Posts: 17,447
Thanks: 3,048
Thanked 16,619 Times in 6,567 Posts
|
|
Quote:
Originally Posted by HappyTraveler
Yes, indeed. I wasn't implying that gold is a better performer than stocks but, it's a different asset class, owned primarily for different reasons, has not been a laggard longer term and, as stated, the market has had much to say about that shiny yellow metal by the increased price.
So, unlike what Alan Greenspan claimed, it is not "a barbarous relic" (an intentional misdirect, if I ever heard one!). Central Banks around the world continue to accumulate that asset.
Cap gains taxes can be avoided because the metal can be privately transacted and very often is.
|
Selling gold to a private party and not paying the tax is not avoiding the capital gains tax. It is "evading" the tax and it is illegal.
|
The Following 2 Users Say Thank You to retiredguy123 For This Useful Post:
|
|
|