rewrite this title in 20 words or less (do not provide multiple options): The Depository That Changed the Game Write an article about The Depository That Changed the Game in English LEARN MORE ABOUT:...
rewrite this title in 20 words or less (do not provide multiple options): Is Silver About to Destroy 127 Million Americans’ Life Savings? Write an article about Is Silver About to Destroy 127 Million Americans’ Life Savings? in...
@philswaim392 on February 2, 2026 at 4:49 pm Capital gains is still a thing and once you sell gold at a profit, you must report that on income taxes and pay what is due. No one has to report you bought it or stored it, but you have to report you made money off of it. Now one could choose to not, but if you get audited and have to justify where a bunch of money came from, you could.be in a world of trouble. However you could use gold as a credit line or collatoral for credit and borrow against it like a billionaire borrows against their horde of stocks. Technically not income but rather debt and the interest payments are deductible. Talk with a tax attourney tho rather than listening to a rando on youtube Reply
Capital gains is still a thing and once you sell gold at a profit, you must report that on income taxes and pay what is due.
No one has to report you bought it or stored it, but you have to report you made money off of it.
Now one could choose to not, but if you get audited and have to justify where a bunch of money came from, you could.be in a world of trouble.
However you could use gold as a credit line or collatoral for credit and borrow against it like a billionaire borrows against their horde of stocks.
Technically not income but rather debt and the interest payments are deductible.
Talk with a tax attourney tho rather than listening to a rando on youtube