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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: MythMan who wrote (397887)12/1/2009 5:27:50 PM
From: Real Man   of 436258
 
That type of investment is strongly discouraged. You now get
taxed to death for betting on the government devaluing
the dollar to zero. You can only buy stocks and bonds.
You are allowed to buy Australian dollar. Don't
argue with Command Economy, store your gold in Swiss vaults.
Don't ask, don't tell. Now you know their plans. Buy
your spoos, be happy. -g-

usatoday.com

"Gains from most commodity funds, such as those that invest in
food or metals futures, are taxed at a blended rate of 60%
long-term capital gains and 40% short-term capital gains. Funds
that use futures and options to invest in gold get taxed at the
same rate as commodity funds."
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