Conspiracy Theories and Weird Myths about Precious Metals: Which Are True and Which Aren’t?

Recently one of the greatest conspiracy theories in history was laid to rest when Donald J. Trump announced that Barack Obama really was born in the United States. Why was Mr. Trump empowered to settle the that particular question? We don’t know, but we do know that, with that conspiracy theory behind us, we are now free to turn our attention to other weird theories about precious metals. Here are some unusual beliefs about precious metals, with at least partial answers about whether they could be true.

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If You Sell Your Precious Metals Before Year End, Can You Declare a Loss on Your Taxes?

Frankly, we are not going to answer that question on today’s post, because it is a question that only your financial advisor or tax preparer can answer for you. There are many variables to consider – your tax bracket, your other investment gains or losses – and we are not in a position to offer that kind of advice. What we can do, however, is answer the following question . . . 

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Lock in Future Precious Metal Price Increases Today . . .

It’s overwhelming. How are you going to figure out what you have and what it is worth? How will you know when the right time comes to sell it? Should you wait until prices hit the right levels, and how will you know when that happens? And while you’re trying to answer those questions, you do nothing.

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