Walktothewater Posted February 9, 2014 Report Share Posted February 9, 2014 There's an 800lb elephant wrt. physical gold and silver ownership that doesn't get much attention, namely the risk of massive capital gains type taxes. It's all well and good gold prices going to the moon, but what if the hammer comes down? For example, a 90% "emergency" capital gains tax, reliefs or allowances that suddenly don't apply, or special transaction fees/taxes putting off potential buyers of your metals? I don't see much popular opposition to this, particularly during a crisis situation. Metals in bailment will be the softest of targets. With capital and currency controls at Customs anyone with coins and small bars trying to sell abroad will be stuffed too. Is this just the (de-bunked) confiscation argument but by different name? Thoughts anyone... Link to comment Share on other sites More sharing options...
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