gjg49

Gold: The Moriarty Warning

you might want to check the tax code.
page 66 of irs publication 550 indicates that the long term cap gains rate for collectibles (and this includes gold--gold, silver, and platinum are specifically noted) is 28%. that may be less than your tax rate on ordinary income, but the tax rate for long term gains should probably not be a consideration for whether you hold or sell gold.


On Sep 18 03:38 PM tb1975 wrote:

> If you are in gold for the right reasons, then the long term is all
> that matters. I wouldn't take profits here. I'd wait to there was
> a clear and legitimate reason for the 8 year bull run to be over
> in gold.
>
> Are we printing less money? Is the dollar set to rally long term?
> Are interest rates high? etc, etc. When the answer to those questions
> is yes, that's when you sell gold.
>
> If you are trying to time the market and jump in and out, good luck
> with that. I'll hold and pay long term gains tax rather than the
> harsh short term gains tax.