[Blzbba]

Precious metals never completely lose value, unlike many stocks, like Enron, Global Crossings, Tyco, etc.

And the beauty of numismatics (rare silver/gold coins) is that YOU PAY NO TAXES when you cash in.

[eyedigress]

Don't tell TP that..

[Mase]

Precious metals never completely lose value, unlike many stocks..Tyco, etc.

Tyco? The one with a $56 billion market cap?

[Toddsterpatriot]

Precious metals never completely lose value, unlike many stocks, like Enron, Global Crossings, Tyco, etc.

And they don't pay a dividend unlike many stocks like Altria, Bank of America, Pfizer, etc. Oh, yeah, Tyco did not completely lose value. Currently trading over $27 a share.

And the beauty of numismatics (rare silver/gold coins) is that YOU PAY NO TAXES when you cash in.

Goldbug and tax cheat.

[KarlInOhio]

And the beauty of numismatics (rare silver/gold coins) is that YOU PAY NO TAXES when you cash in.

Just don't let the IRS know about it or how you got the money from selling it. Coins are specifically mentioned in the instructions for Schedule D for capital gains. They are even treated worse than stocks (28% vs. 15%).

[RBroadfoot]

"And the beauty of numismatics (rare silver/gold coins) is that YOU PAY NO TAXES when you cash in."

Just in case you ever get audited by the IRS, I advise that you keep that opinion to yourself. Capital gains on collectibles are indeed taxable at rates higher than long term capital gains on securities.

[GregoryFul]

And the beauty of numismatics (rare silver/gold coins) is that YOU PAY NO TAXES when you cash in.

Only if you are a tax cheat! Otherwise you should declare on schedule D, you capital gain (loss) in the asset.

[Sic Luceat Lux]

And the beauty of numismatics (rare silver/gold coins) is that YOU PAY NO TAXES when you cash in.

Agree.