If I buy official US minted gold Eagle or Buffalo coins, and sell one later,
should I expect to be taxed on the Dollar Deflation that I bought it to resist
in the first place?
Do I need to keep my receipt to show that the entire coin should not be treated
as income?
What is the likelihood that our government will make gold ownership illegal
again, and make me sell it to the government for pennies on the Dollar?
I’m no longer certain Americans are running this clown show.
I buy 10th Oz. 1 or 2 at at a time. Have done so for years. A little more expensive but never over the threshold of $600 yet. Easier to trade with in smaller denominations.
I do not buy by credit card, check or mail order. No one asks for ID when I pay cash.
“ I’m no longer certain Americans are running this clown show”
Americans haven’t been running this for a LONG time.
That’s an important feature of inflation. Forcing people into higher tax brackets without the accompanying purchasing power. And confiscating your wealth through gains that in reality don’t exist. Nice racket they’ve set up!
So if I take in a pile of 1s, 5s, 10s, etc. for a few 100s.
Is that some kind of ‘taxable’ event?