Daria Russell Doering
Hedging option for gold
What a day. Taxes due and gold plunging. What are we to think or do? For starters, it helps to have both short-term and long-term horizons in mind. In the long-term many of us believe strongly in the value of gold, and do not wish to sell, particularly our gold bullion. The reasons to not sell include the trouble it takes to cart gold bullion to your coin dealer and then to buy it back later ... the likelihood of missing that “absolute bottom” time when you should buy it back ... the possibility of being discouraged and not wanting to buy it back ... the tax hit on your profits incurred by selling ... and any others you might think of.
Now for the short term. We need money to live on, and want to see our assets going up, not down. So is there anything we can ... Log in or subscribe to continue reading.
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