What's your current position on buying gold and/or silver bullion?

Asked by MetalReaper in Commodities one year ago

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Oldman answered one year ago …

I bet you'll get a lot from the gold&silver bugs here...but keep in mind, they MAY NOT be kept in a tax-sheltered acct (only U.S. Treas. minted coins may), and as "collectinbles" they have a 28% capital gains tax. There are also costs for storage, cetifiicates, and insurance. I do believe gold and silver will increase in value, as the dollar grows weaker.