Let's say I bought one hundred ounces of gold when it cost $30,000 dollars...

[theophilus]

(I didn't!). It was easy for me to buy the gold. Now that it is around $1500 an ounce will I be able to get my $150,000 as easily? If not, why not?

[xchrom]

1. Depends - there are differences between say a gold coinand an ETF.

The differences can be considerable - one is subject to taxes the other is not.

[Poll_Blind]

4. I'm a doof, what's ETF?

PB

[xchrom]

5. Paper gold.

You hold gold stocks in paper - not bars, coin, or jewelry.

[Poll_Blind]

6. Ah, thank you!

PB

[Zanzoobar]

8. Both are taxed

Proceeds from the sale of physical gold are taxed as income (if reported), ETFs proceeds are taxed as capital gain.

[ProgressiveProfessor]

10. It can be much easier to conceal physical sales

When the new 1099 rules get relaxed, it will be even easier.

[safeinOhio]

2. No problem if you sell it to the right place.

Last week I sold 6 ozs at $10 over spot. Yes, I will pay tax on the difference between $640/oz, I paid, and $1507/oz I sold for. For me, about 15% in my bracket. I have no problem with that. Using it for part of a payment on a brand new 2012 Focus.

[theophilus]

3. Thanks for the info. n/t

[doc03]

7. Going to get a Ford Focus. I finally got to see and drive one

Monday. It sure is an improvement over my 1999 Mercury Tracer. The one they had was a basic SE model, I want either the SEL or the Titanium model in a hatchback. I also tried out the Chevy Cruze and was really impressed with the ride and handling. I still prefer the Focus I think it has much better styling and power.
I bought a 2010 1oz American Eagle gold proof back in October for $1585, it already lists for $2000 in the 2012 U.S. Coin Digest. I have some silver bullion I bought for $8.95 back in 2001, silver broke $48 today. I wish I had a lot more.

[Bozita]

9. Congrats on your car choice!

Your second pick's got damned good reviews too.

[safeinOhio]

11. Plus I worked for local

900 for 30 years.

[safeinOhio]

12. Most gold and silver dealer are crooks.

I only sell and sometimes buy from http://bullion.nwtmint.com They have been very good to me and pay OVER spot price. Even after paying shipping and insurance I come out way ahead of coin and pawn shops.