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Old 04-23-2024, 09:35 AM   #8
P.Rosa
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Join Date: Jul 2021
Location: Katy Texas
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"Unlike cash or even gift cards, Costco classifies gold bars as collectibles, which may or may not retain their value over time.

For that matter, the Internal Revenue Service also considers gold bars as a collectible too, and demands as much as a 28% cut of any profits on gold held for more than one year.

The bars themselves might be fun to hold and look at, but between the possible interest, taxes, shipping, and other expenses — not to mention the hassle of finding a buyer — trading gold just might not be worth the trouble, even at Costco prices."

https://www.msn.com/en-us/money/mark...4f5882c0&ei=29
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