Gold Bullion Reporting

Buying Gold: What should be reported to the IRS or other Govt organization?

With the market for all our rescues and accidents fiat money is common sense to see our dollar is getting weaker. If a person has been buying 10 ounces of gold, which would be the best type of purchase should they do? I understand that some bars and coins can be obtained from government during the holidays. What is your proposal to purchase the remaining gold off the radar …. so say? Kugerand ancient coins, American Eagles? Thanks! Butler: LOL, I'm not kidding ….. the Gov't The common sense rather than hate competition: Thanks for the comments. 10 oz more likely to buy what put me under $ 10K purchase. I did not add the time that I can buy 10 oz:)

No gold shopping reported to the government unless you have suspicious behavior in the eyes of the dealer. The only exception to this rule is that if you buy more than $ 10,000 cash for gold … but the same rule applies if you have nothing more than $ 10,000 in cash (the milk in the supermarket for example.) I would not be so worried the seizure. Just bought the coins / bars that make sense for your investment portfolio. I can buy half-ounce American Eagles (short term) half of pre-33 Saint Gaudens (long-term investment) when gold buying I. If you are interested can find more information about the ingot here: http://www.superiorpreciousmetals.com/include/investing_in_gold_bullion_back_1. CFM and more information on pre-33 gold here: http://www.superiorpreciousmetals.com/include/investing_in_rare_coins.cfm Good luck!

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