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Reply to "Gold - Adding Coins to Portfolio"
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[quote=Anonymous]So my FIL bought a lot of gold coins, typically one ounce coins of varying years, countries, etc., which belong to us now. Before asking our Morgan Stanley advisor who'd clearly love to pad his "accounts under management" number, is there any reason, benefit or disadvantage to having them as a part of our portfolio. Aside from having a better view of what's there and the knowledge of the fluxuating value, I have no real need. One downside it would seem is that for now they're "hidden", although its not like they pay dividends or we wouldn't be taxed when they're sold, so I don't know how much we're really hiding any of it. It would be mainly for cataloguing it a bit better. Can you even transfer tangable assets into a securities portfolio? Thanks in advance, and apologies for my horrible spelling.[/quote]
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