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/biz/ - Business & Finance

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15547956 No.15547956 [Reply] [Original]

i'd like to purchase physical gold. not trying to get rich, just as a hedge
what's the cheapest and easiest way to do it without getting fucked. where fucked includes:
>paying sales taxes
>dealer reporting transaction to IRS for capital gains tax reporting purposes
>getting scammed
>etc

t. burger

>> No.15548087

>>15547956
buy a physically backed etf

>> No.15548112

>>15548087
Do you have one you like? PHYS exp ratio is 0.48% which is a lot imo

>> No.15548186

>>15548112
https://www.aaauetf.com/
Expense ratio 0.18% pa
is the ones I'd use.
It's from the Perth Mint and I hold my rocks there.

>> No.15548250

>>15548186
Thx

>> No.15548309
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15548309

>>15548250

>> No.15548530

Just buy in cash at a local shop. I’m pretty sure the shop doesn’t report to irs unless you buy 10k worth in a 24 hour period. The captain gain stuff only matters if you are selling not buying.

>> No.15548616

>>15548530
My state has 10% sales tax

>> No.15548635

>>15548616
Oh man what state is that? Talk about robbery. I'm lucky I pay no tax on any bullion I purchase in my state whether it be local or online.

>> No.15548715

>>15548635
Illinois. State sales tax is like 6.25 but there's also city and county sales taxes

>> No.15548727
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15548727

Wrong Scrooge faggot, go back to Plebbit