Comments on: Gold Coins and Bullion

By: joshrain1

joshrain1 — Sat, 25 Oct 2008 04:55:06 +0000

how do i know what type of gold/silver is 1099 reportable? i was about to buy 5oz of canadian maple leaf till i saw this video. when i was to buy the canadian maple leaf the dealer was not going to charge me taxes if i paid in cash. also candian maple leaf has .999 purity as compared to the eagles. how can one find what is taxable and what is not.

By: adnor1946

adnor1946 — Thu, 23 Oct 2008 20:18:18 +0000

Reportable sales (again, customer sales to dealers) apply to 1-oz Gold Maple Leafs, 1-oz Krugerrands, and 1-oz Mexican Onzas in quantities of twenty-five or more in one transaction. Reporting requirements do not apply to American Gold Eagles, no matter the quantities. Furthermore, reporting requirements do not apply to any fractional ounce gold coins.

By: truthsabre7

truthsabre7 — Tue, 21 Oct 2008 06:46:58 +0000

The 1099 info is great.

By: cds10690

cds10690 — Sun, 19 Oct 2008 13:34:03 +0000

if you can find silver/gold “metal” buy buy buy!
don’t buy paper or stocks!