wealth tax

By WH on Wed, Apr 3, 2013 - 9:04pm

FBAR and taxes

I'm looking for what other PM holders are doing regarding FBAR reporting and legally hiding potential capital gains taxes on their metals. I have a goldmoney account. My CPA told me that I need to fill out an FBAR (Report of Foreign Bank and Financial Accounts) this year. I don't owe taxes because I haven't sold anything. The US government just wants to know I have an account now that it's reached a certain size. Does anyone in this group have experiences with this? Also does anyone use an IRA to avoid captial gains taxes on their PM?

Adam Taggart
By Adam Taggart on Mon, Mar 18, 2013 - 1:42am

Tracking the Impact of Cyprus' Wealth Confiscation

By now, most are aware of the announcement by Cyprus and the IMF that savers with deposits in Cypriot banks will see up to 9.9% of their savings disappear in the morning as part of a bailout agreement for Cyprus' banking system.