You holdings won't get taxed until you sell them, assuming you are a good doobie and self report your capital gains to the IRS.
The only impact "inheriting" your holdings from an estate would be to change your cost basis, or the amount that your capital gains are calculated from. If someone "gives" you bullion, you are supposed to have their cost basis transferred to you. If, on the other hand, you inherent something, your cost basis is set at whatever reasonable market price was on the day you inherited.
All of which means, there *may* actually be some benefit in first giving your holdings to your parents (be sure to stay under the annual $12k taxable gift limit [per person?], and then have them will it back to you upon death). The cost basis would go up, presuming Ag spot at time of death is greater than what you paid for it. And you'd owe less cap gains tax when you do sell, and self report. Somewhat morbid, but maybe beneficial.
Usual disclaimer: I stayed at a Holiday Inn Express once years back, read things on the Web of A Million Lies alla time, and therefore know everything about everything. Trust me implicitly.
“The condition upon which God hath given liberty to man is eternal vigilance; which condition if he break, servitude is at once the consequence of his crime, and the punishment of his guilt.” - John Philpott Curran
Last edited by SWCroaker : 04-15-2011 at 11:08 AM.