I read an article a couple days ago saying that a capital tax would be levied on Bitcoin. If they can get away with that they will do the same to PM’s. I look at PM’s as a way to preserve your capital and buying power not as a speculative play, to me it is insurance. If you are worried about monitoring by the Feds, just pay with cash or buy pre-ban gold coins.
I’m not worried about it, I have as much as I need or want. I was just warning others. It’s something you only find out about when it is too late.
I didn’t think it was the payment method that matter though, I think all the buyers and sellers of gold have to report it to the feds. But silver doesn’t have the same rules. Neither do antique coins made of gold, but those come at a premium anyway.
I forgot to add, I completely agree about the insurance versus investment. Anyone trying to make money off of precious metals the last decade would have to have a crystal ball as to the timing. And therefore would likely get it wrong.