Here is my experience in trading gold.
* The gold coins you sold do not need to report to IRS as long as they are below a certain quantity.
*
Most coin shops make high commissions. Use trustworthy on-line shops
and you need to pay shipping with insurance. You may want to find a bank
box for storing gold coins.
*
I owned gold coins for about 20 years. There were no appreciation for
about that time period. Suddenly gold coin went to 900. Most likely you
sell them before they reach 1800. It is psychology 101.
After the inflation in 20 years, they do not make a real appreciation in turn of buying power, but you still have to pay taxes.
*
Made some tiny profits in GLD by buying low and selling high. When gold
reaches all time high, all traders and investors look like geniuses
until...
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