Replies to post #73192 on Medinah Minerals (MDMN)

[Veblen]

I don't disagree but most of my acquaintances thought I was way out when I bought physical gold in 2004 and 2005. Never mind that I have a good profit. By the way if I sell the IRS wants 28% of the profit and in addition I have NYS tax to contend with. The IRS claims the coins are a collectible which is kind of crazy considering the coins are one of the most abundant gold coins in the world (krugerrands).
Hardly rare.

I probably would have been better off buying good gold stocks but wouldn't haven't felt as protected.