Goldmoney rocks. I would trust it over others esp when its recommended by Greg McCoach, Peter Schiff, & Mike Maloney!!
I actually have an acct which is great and GoldMoney does not report you on taxes as they have lots of customers from other countries; Thus, customer is on the 'honor system'.
We all know that while Gold/Silver confiscation will be an unlikely chance as compared to 1930s, I can almost guarantee tax on Gold Silver liquidation will be insane!
are gold gains required to be reported to IRS anyway?? I mean if i bought a gold bar and store it myself instead of with goldmoney, i don't think i would report gains based on changes in the market price of gold. Right?
@malumalumalu - Yes and No. There are at times when you have to report it. I think it if is in excess of 10k and I think eagles are exempted. Check out goldsilver (dot) com for the video re this. You must understand that they will later start increasing taxes on everything, esp on gold and silver liquidation so do I feel there will be higher taxes when you go to sell? Yes, I do.
Goldmoney rocks. I would trust it over others esp when its recommended by Greg McCoach, Peter Schiff, & Mike Maloney!!
I actually have an acct which is great and GoldMoney does not report you on taxes as they have lots of customers from other countries; Thus, customer is on the 'honor system'.
We all know that while Gold/Silver confiscation will be an unlikely chance as compared to 1930s, I can almost guarantee tax on Gold Silver liquidation will be insane!
vinny1010 2 years ago
are gold gains required to be reported to IRS anyway?? I mean if i bought a gold bar and store it myself instead of with goldmoney, i don't think i would report gains based on changes in the market price of gold. Right?
malumalumalu 1 year ago
@malumalumalu - Yes and No. There are at times when you have to report it. I think it if is in excess of 10k and I think eagles are exempted. Check out goldsilver (dot) com for the video re this. You must understand that they will later start increasing taxes on everything, esp on gold and silver liquidation so do I feel there will be higher taxes when you go to sell? Yes, I do.
vinny1010 1 year ago