Monday, April 18, 2011

US Mint Gold Coins Not Subject to Capital Gains

Oh whew, let me go get my box of gold medallions......not.

There are people who are going to benefit from the change. I remember sitting in an upscale hotel bar chatting with an investment banker and he jokingly gave me an old film container of gold coins. It only had 10, but it was worth more than 10K. (he would've been hit with the capital gain since they were Krugerrands).

I gave the coins back....

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