Taxes on APMEX Gold

Discussion of the Gold portion of the Permanent Portfolio

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era
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Taxes on APMEX Gold

Post by era » Wed Nov 13, 2019 3:57 pm

Does anyone have experience with buying, then subsequently selling gold from/to APMEX?

If so, I would assume that the prices & dates of purchase/sale would need to be accounted for in order to determine the capital gains tax?

This seems like a fairly straightforward way of owning physical gold, that is generally fail safe. Does anyone have any experience with this?
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ochotona
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Re: Taxes on APMEX Gold

Post by ochotona » Wed Nov 13, 2019 6:42 pm

They don't have the best prices, for one thing. Look at SD Bullion. I've bought a lot from Texas Precious Metals. Yes, as the taxpayer, you have to keep buy and sell records on your own.
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drumminj
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Re: Taxes on APMEX Gold

Post by drumminj » Wed Nov 13, 2019 10:03 pm

If you have an account, I believe APMEX will keep a history....I believe mine goes back 8 years or so.

I've bought PMs from a few places, but always been happy with APMEX. Depending what you're buying (and whether you're willing to buy what's cheap/on offer), I haven't found their prices to be far off from other places, and their customer service is top notch.
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