Comments on: The Golden Rule http://www.1stMillionAt33.com/2008/02/the-golden-rule/ A site to share my tips, tools, and humble thoughts on the journey to wealth Sun, 02 Oct 2011 19:26:45 +0000 hourly 1 http://wordpress.org/?v=abc By: ML http://www.1stMillionAt33.com/2008/02/the-golden-rule/comment-page-1/#comment-3902 ML Wed, 27 Feb 2008 03:03:23 +0000 http://www.1stMillionAt33.com/2008/02/the-golden-rule/#comment-3902 Lakshamanan, I don't want to give investment advice here and I think you've answered your own question. In the short term, I see mining stocks finally achieving some leverage over bullion. There is one thing though: you're obligated to pay taxes on the gains made on bullion sales even though there isn't a reporting mechanism now. That applies no matter where you're in the world. If you carry more than $10k of bullion coins outside of the country, you're also required to report it by law. Lakshamanan,

I don’t want to give investment advice here and I think you’ve answered your own question.

In the short term, I see mining stocks finally achieving some leverage over bullion.

There is one thing though: you’re obligated to pay taxes on the gains made on bullion sales even though there isn’t a reporting mechanism now. That applies no matter where you’re in the world. If you carry more than $10k of bullion coins outside of the country, you’re also required to report it by law.

]]> By: lakshmanan http://www.1stMillionAt33.com/2008/02/the-golden-rule/comment-page-1/#comment-3900 lakshmanan Tue, 26 Feb 2008 22:39:05 +0000 http://www.1stMillionAt33.com/2008/02/the-golden-rule/#comment-3900 Question would u rather sell it for nice profit if u have bought it yr back or keep accumulating.. I am no believer of index funds or mining companies.. I would rather buy bullion which I can carry anywhere in the world and cash it no capital gain no irs mess..what do u think Question would u rather sell it for nice profit if u have bought it yr back or keep accumulating.. I am no believer of index funds or mining companies.. I would rather buy bullion which I can carry anywhere in the world and cash it no capital gain no irs mess..what do u think

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