Sell stocks. Buy Leica lenses and gold...or just the lenses

[tobey bilek]

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Just to add to what I suggest above, the IRS has recently ruled you must declare gold stored for safe keeping in foreign countries just as if it were a cash or investment account.

 

This means they are keeping tract of what you own. Big brother is everywhere.

 

They got the Swiss to divulge secret numbered accounts a few years ago so less and less is safe. Diamonds seem pretty good.

[pico]

Just to add to what I suggest above, the IRS has recently ruled you must declare gold stored for safe keeping in foreign countries just as if it were a cash or investment account.

 

This means they are keeping tract of what you own. Big brother is everywhere.

 

I don't have to register when I buy silver or gold directly, the material stuff. The seller need not record it. But metals are not a good short term investment. Short term bonds are better.

 

They got the Swiss to divulge secret numbered accounts a few years ago so less and less is safe. Diamonds seem pretty good.

 

I wrote of this earlier. The president of BSC told a friend of mine that after they had been ripped-off for billions a few years ago, he agreed to release the names and resources of American customers if he were given a reasonable rationale. That literally breaks the Swiss law. (The occasion was a festival he sponsored. He said that they might have to cancel their sponsorship. That got some angst turning.)