Investing in Gold and Precious Metals

As the price of gold climbs while the stock market falls, many people are investing their money in this precious metal. Beware though, should you sell or give away any of your investment, you'll still owe taxes on the amount you've earned, warns CNBC personal finance expert Carmen Wong Ulrich. Watch Carmen's tips for knowing when and how much you need to pay the IRS when you sell gold, silver, stamps or gems.




 Find more information on coping with the economy with our Bail Yourself Out resources.

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