I just read the October (Bob Livingston) Letter™ and you have been mentioning about taking personal possession of any Gold or Silver that I own. I own some Eagles and some Gold but I called where they are stored and they said if I take delivery I would have to pay tax on the amount. Now how is that any different than buying 10 Silver Eagles and having them delivered to my home? I don’t pay any tax on them. Is there a maximum dollar amount I can withdraw without having to pay tax?
Thanks I enjoy your letters very much
It’s too late in this instance, but you must buy your coins from people who do no reporting and certainly don’t charge taxes. I would pay the tax and take delivery. In these times, don’t let anybody keep your coins under any pretext.