Evil Swiss Bankers Smuggling Gold Around the World

[Cullion]

Are you arguing against all capital gains taxes ?

Gold doesn't usually increase at the CPI rate of inflation. It overshoots or undershoots like any other capital asset.

If you have to pay tax on the capital gains on stocks and bonds (you've already been taxed on the yield), I don't see a reason not to pay tax on the capital gains on a precious metal.

[Feryk]

Originally Posted by Cullion

Are you arguing against all capital gains taxes ?

Gold doesn't usually increase at the CPI rate of inflation. It overshoots or undershoots like any other capital asset.

If you have to pay tax on the capital gains on stocks and bonds (you've already been taxed on the yield), I don't see a reason not to pay tax on the capital gains on a precious metal.

That depends on your time frame. Over long periods of time, gold appreciates pretty much with the rate of inflation - although over shorter periods it can vary signficantly.

None of that is a reason not to pay capital gains, however.

[Cullion]

Over the longest term paper currencies tend to collapse and become utterly worthless.

Over the course of a human generation, gold can wildly outperform or underperform CPI, RPI or monetary inflation. Much like other asset classes. It just doesn't have a yield, but yield taxation is separate from capital gains taxation anyway.