That's pretty slick. To wrap around to the original question, you ended up in the same situation in terms of taxes, essentially transferring from one IRA to another IRA, right?ochotona wrote:Trade is done, got the same price for physical gold today as when I sold my ETF on Friday - a few nail-biting moments there due to volatility. Only 1.5% premium, it was the annual clearance sale at Texas PM. Random year Can Gold Maple Leaves. I was on the I-10 in my car, placing this big order (we can talk on the phone with hands-free devices in Texas. Probably was a bad idea though).
Also earlier you remarked/asked about tax loss harvesting. As far as I can tell the collectibles rule only applies an upper limit for taxing gains, whereas collectibles losses simply count as capital losses by the normal short or long term rules.
There's also this odd idea that gold, being a collectible and not a security, is exempt from wash sale rules. So you can just sell and rebuy anytime you want to record a loss without waiting 31 days or finding a similar but different asset to buy? It's logical but I don't recall hearing about it around here. Do people do this?
https://www.forbes.com/sites/baldwin/20 ... gold-bugs/
Unlike most investments, metal ETFs are exempt from the wash sale rule limiting losses on securities sold and then immediately repurchased. Robert Gordon, president of Twenty-First Securities, explains: The IRS, avid to collect the higher collectible-rate tax, has decreed that the metal funds are not “securities.” But the wash sale statute applies only to “securities.”