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The Water Cooler
General Discussion
Is Buying Gold and Silver a Good Investment?
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<blockquote data-quote="Cougar" data-source="post: 2914670" data-attributes="member: 3179"><p>Reasons why, in my opinion, physical silver/gold is a bad investment for me.</p><p></p><p>First, my long term capital gains on gold and silver coins would be taxed at a "collectible" rate which is HIGHER than my normal long term capital gains tax rate.</p><p></p><p>Second, my physical gold and silver would be subject to theft/loss/tornadoes etc.</p><p></p><p>Or in other words, compared to making other investments, I believe I would lose a higher percentage of potential long terms gains on the "collectible" tax than I might on other long term investments taxed at the lower rate.</p><p></p><p>Personally, I am more interested in stocks, bonds, T-Bills, CDs, ETFs, annuities, IRAs, etc. I believe that learning financial terms and calculations such as present value, future value, discount rate, opportunity cost, interest rate, dividends, distributions, equity, etc, and reading investment books from the library, has benefited me.</p><p></p><p>If I personally wanted to play the silver market (make/lose money based on silver's market price) I'd buy shares of an exchange traded fund that holds silver as part (or all) of its portfolio and possibly keep these shares in a ROTH IRA or Traditional IRA, where I could benefit from the additional tax advantages that an IRA provides me. <img src="/images/smilies/smile.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /></p><p></p><p><strong></strong></p><p><strong>The thoughts in this post are my own relating to how I would choose to invest my money. Nothing in this post should be considered advice on how to invest your money. This post may contain factual, though unintended inaccuracies. <img src="/images/smilies/smile.png" class="smilie" loading="lazy" alt=":)" title="Smile :)" data-shortname=":)" /> </strong></p><p></p><p>I personally like, but do not rely on, the following links</p><p></p><p></p><p><a href="http://www.marketwatch.com/story/the-tax-implications-of-owning-gold-2015-07-15" target="_blank">http://www.marketwatch.com/story/the-tax-implications-of-owning-gold-2015-07-15</a></p><p></p><p><a href="http://www.investopedia.com/university/" target="_blank">http://www.investopedia.com/university/</a></p></blockquote><p></p>
[QUOTE="Cougar, post: 2914670, member: 3179"] Reasons why, in my opinion, physical silver/gold is a bad investment for me. First, my long term capital gains on gold and silver coins would be taxed at a "collectible" rate which is HIGHER than my normal long term capital gains tax rate. Second, my physical gold and silver would be subject to theft/loss/tornadoes etc. Or in other words, compared to making other investments, I believe I would lose a higher percentage of potential long terms gains on the "collectible" tax than I might on other long term investments taxed at the lower rate. Personally, I am more interested in stocks, bonds, T-Bills, CDs, ETFs, annuities, IRAs, etc. I believe that learning financial terms and calculations such as present value, future value, discount rate, opportunity cost, interest rate, dividends, distributions, equity, etc, and reading investment books from the library, has benefited me. If I personally wanted to play the silver market (make/lose money based on silver's market price) I'd buy shares of an exchange traded fund that holds silver as part (or all) of its portfolio and possibly keep these shares in a ROTH IRA or Traditional IRA, where I could benefit from the additional tax advantages that an IRA provides me. :) [B] The thoughts in this post are my own relating to how I would choose to invest my money. Nothing in this post should be considered advice on how to invest your money. This post may contain factual, though unintended inaccuracies. :) [/B] I personally like, but do not rely on, the following links [URL]http://www.marketwatch.com/story/the-tax-implications-of-owning-gold-2015-07-15[/URL] [URL]http://www.investopedia.com/university/[/URL] [/QUOTE]
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Is Buying Gold and Silver a Good Investment?
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