Placing Gold and Silver in an LLC?

[PAshortie]

I’m currently researching this, but if anyone has knowledge on the subject, feel free to comment.

Is it practical to have gold and silver bullion coins listed as assets within an LLC? I purchased 25K in gold and silver coins a little over 2 years ago. When I create an LLC I would like for them to be held as assets for two reasons:
1) Asset protection. Although I keep them in a safe place, I would like for them to be insured.
2) Loan approval. It would make my LLC more valuable in the eyes of lenders, thus improving the chances of a loan being approved for the LLC.

I’m not even sure if this is possible…any thoughts?

Thanks

 

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[haydenbyers]

I’m currently researching this, but if anyone has knowledge on the subject, feel free to comment.

Is it practical to have gold and silver bullion coins listed as assets within an LLC? I purchased 25K in gold and silver coins a little over 2 years ago. When I create an LLC I would like for them to be held as assets for two reasons:
1) Asset protection. Although I keep them in a safe place, I would like for them to be insured.
2) Loan approval. It would make my LLC more valuable in the eyes of lenders, thus improving the chances of a loan being approved for the LLC.

I’m not even sure if this is possible…any thoughts?

Thanks

Hello,

Did you ever find anything out on this? I have the same questions!

Thanks,
Hayden

 

[biophase]

Isn’t the purpose of buying actual gold so that nobody knows you have actual gold?

 

[Kevin88660]

Isn’t the purpose of buying actual gold so that nobody knows you have actual gold?

Do U.S. tax payers pay capital gain tax when they sell physical bullions? I assume so?

 

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