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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: jennifersilversun who wrote (30585)4/14/2005 2:14:50 PM
From: Tommaso  Read Replies (2) of 110194
 
I know Goldmoney is not a bank, but what it is doing is mcuh like what earlier banks did, before they were subject to government regulation.

As to avoiding taxes on gains on gold, I think that might be easier by taking some tubes of Maple Leafs into a bank in Canada and exhanging them for money. Or so I imagine. The fact is, I have never been told plainly by anyone how they exchanged their bullion coins for money, other than maybe shipping them to Kitco. I would like a plain, anecdotal, account, such as: "I walked into Bank XXX on XXXX street in Toronto and took out three tubes of ten Maple Leafs each and I exchanged them for $20,000 [or whaetever] Canadaian, which I then deposited in a bank account." I want to know how much trouble it is to do this, what forms are filled out or reports made, etc.

It's as easy as pie to BUY gold bullion coins.

I guess some people sell them successfully on eBay.

I forgot to mention that one reason I worry about Goldmoney is that maybe 20 years ago I got into something similar involving silver. The company simply disappeared. I do not know what happened to my silver. Happily it was only about $500 worth and not worth pursuing legally.
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