gold or cash

[AL1]

OK all you economists out there. I want to get some gold coins, should I exchange my scrap for the coins or should I get cash and buy them?
If I take it in dental gold, I have no receipt for the IRS and loose the write off plus I am using less and less gold due to emax.
Yes, I do mark up my gold but without being able to right it of it would negate the increase.
Besides I cant mark it up that much in this economy.

 

[paulg100]

well for starters, im not sure if id buy from a dental supplier if i was buying for investment,

Is that really the place to get the best gold prices?

EDIT: sorry missed the write off bit there.

 

[Rick Sonntag]

If you decide to get coins be sure to call your local coin dealers to be sure your paying the lowest markup, I've seen markups as low as 5% and as high as 25% for Gold Eagles and Buffaloes, and the dental companies tend to be on the high side.

 

[AL1]

In the US we can deduct or write off the cost basis of our gold and other supplies from our profits, thereby lowering what we owe in income tax.

 

[Wyolab]

Send your scrap into Scientific Metals, they gave me a huge return compared to Star Refining. This site seems to have decent prices on coins Silver, Silver Bar, Silver Bars, Silver Bullion, Gold and More - APMEX.com