Website to check bullon value of gold and silver coins
Last edited by 20sharks; 10-13-2011 at 10:48 PM..
Reason: Added info
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| 10-13-2011, 10:46 PM | |
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20sharks, can you explain why someone would hold bullion for investment purposes?
My understanding is that gains on bullion are taxed at 28% under special rules, while you can purchase a gold "stock" and long term capital gains will be 15%. 15% vs 28% + insurance + higher transaction fees/hassle Doesn't make any sense to me. |
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Why own a Bugatti when you can just pay someone to write you a contract that you own part of the rear tail light. And anyone knows that owning gold means you're highly prone to boating accidents or robbery during transport. ![]() Also, coinflation tracks the price of coins, not really bullion. The other two are for numismatic coins and bullion. The price of physical metal varies from dealer to dealer and premiums increase as spot price falls and supply tightens (and vice versa). The US Mint sold the highest number of silver eagles ever in the month of Sept, 2011...just to give you an idea of the demand. Now I need a shot of Goldschlager... |
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