Chapter 15: Hard Assets: Precious Metals, Art, and Collectibles

In the Chapter 15 module, you will 

  • Explore various hard asset investment alternatives such as precious metals and gems, fine art, and collectibles
  • Examine the opportunities and difficulties inherent in investing in hard asset alternative investments such as precious metals and gems, fine art and collectibles 
  • Discuss the tax consequences of investing in hard assets

By the end of this module, you should be able to

  1. Discuss the aspects of various hard asset investment alternatives such as precious metals and gems, fine art, and collectibles
  2. Describe the opportunities and difficulties inherent in investing in alternative investment assets such as precious metals and gems, fine art, collectibles, and cryptocurrencies 
  3. Explain the tax consequences of investing in hard assets 

Presentation File

Presentation file Links to an external site.   No Study Guide

Hard Assets: Precious Metals, Art, and Collectibles

"Let’s see. No interest, no rent, no dividends, no new markets, no new product development, no rise in the standard of living – what is there not to like?!" This quick overview will hopefully dispel many of the myths and hype around gold, silver, and other precious metals and stones. We also discuss fine art and collectibles and stress that we should consider them possessions that bring us joy, pleasure, and wonder first and foremost ... and then as investments second.

Video Links to an external site. - Audio Links to an external site. - YouTube Links to an external site.

Why Gold is a Bad Investment Links to an external site.  
A Couple Stored IRA Gold in Their Home Links to an external site.  They now owe the IRS $300,000
They thought they had invested in gold Links to an external site.  Ooops! Where's the gold?
Thrift Store Painting Worth Quarter Million Links to an external site. Links to an external site.  Sure, it happens. But don't count on it happening to you, okay?

We hope we did not burst any nascent dreams of striking it rich with precious metals or gems, fine art, or collectibles. However, if any of those are your passion and you choose to invest in them, we wish you the best of luck and success.