I will follow the explicit instructions as specified.

:clap2:

Regarding comments #88 and 90.

Sigh...dwelling on that unlikely Mad Max scenario again. I can't know for certain but, I don't think most people buy gold anticipating THAT. They have other and varied reasons.

I also don't know why there are those who seem threatened by the fact that some people choose to own precious metals. Who cares? They have their reasons.

Now, if someone would like to explain to me how quite a few people are comfortable owning crypto currencies as "investments", I'd be interested to hear the thinking on that.

Vanguard has IRS approval for no cap gains conversion from mutual funds to ETFs process, and other custodians are tagging along. .

So old information :)

I own GOLD, $IAU ETF, and have 80% appreciation. Bought after the pandemic spending ballooned the deficit, and didn't expect anyone to be able to do anything about it. Expecting the debt bubble to erode the USD, making gold more expensive, maybe even a Zimbabwe moment. . . aka Minsky moment.

a higher tax rate is just part of the deal, owning physical gold, but at the end of the day, any investment choice is about the aftertax gain, which means a 28% tax on a 70% gain is still more profitable than tax free on an 8% munibond. If you don't talk after tax gains, you don't have a clue.

ETFs are more tax efficient in TAXABLE accounts
Mutual Funds vs ETFS are returns after expenses measured in TAX DEFERRED accounts.. .

Taxes on TAX DEFERRED account WITHDRAWALS are not a fixed percentage, but is based upon your entire income from your portfolio. So everyone will be different, which means ya'all talking out your buttholes about other peoples' tax situations of which you know nothing. . .

I remember when withdrawal was a form of contraception!
Deposits were considered very high risk.