Last year, I purchased gold through bullion direct.com. I paid $843 for 1 oz (+shipping and handling) and yesterday sold it for $1050 (w/out shipping and handling charges). A 24.56% return for 13 months. I wish I had purchased more last year. I'm not certain that I would buy gold at the current prices. However, if it does fall below $1000 I would think about it.
I don't think I need to claim the capital gain on my taxes (question for my cpa). I didn't sign a w9 form or anything.
If you want additional discussion on this, please comment.
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Silver Dollars - I was told at the store that they were paying 10 x face value (not exactly certain of age requirements.) I went to Naperville Jewelry and Coin 914 E. Ogden Ave., Naperville, IL 60563 630-357-2928. www.naperbuyers.com
ReplyDeleteVery clean, nice lighting, staff very hospitable (offered juice and snack to daughter).
Return: I keyed in $1 input and $10 percent change and this is a return of 900%/88 years (age of coin) 10.23% return/year.
I have checked ebay and the payment of the same age circulated coins were about $9-15. Plus the time and energy to list and ship items.