Question

I am considering purchasing precious metals through the Perth Mint. The metals would either be in a "pool account" or I can take physical delivery and store them there on site. I would like to know if there are any special or unusal tax consequences associated with doing somehting like this. The funds would leave the US from my account and any returning funds (capital gains or losses) are required by the Perth Mint (and the IRS I suspect) to go back into the US via that same account. No problem. I just do not want to have something unusual pop up say like a huge tax associated with "foreign investing" or something. If you are not absolutely certain about your answer i.e. have dealt with this in the past, I would be equally appreciative of any guidance on exactly who I can speak to about this. We are talking about an ivestment of several hundred thousand dollars so I want to get a solid answer one way or the other. Thank you. Forrest