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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (64878)	7/25/2010 10:50:15 PM
From: SG	Read Replies (2) \| Respond to of 217738

Since gold coins are actual U.S. $50. coins (though worth 20X at current gold price), some smart class action lawyer may try to argue that the U.S. would be taxing legal sales of it's own coinage, a bizarre occurrence, IMHO. I suppose numismatic coins' sales already are taxed for capital gains but only if reported by the seller, I think. There's already a case in the courts about a business man paying his workers in gold coins and running into trouble with the Feds about it. There are lots of lawyers around. SG