Not that it helps you in the US, but in the UK we are fortunate to have 'wasting assets', which include guns, wine, classic cars and watches.
Basically there is no Capital Gains Tax (payable in certain circumstances when an item is sold)on anything with a life of less than 50 years - it wastes away in other words. So provided it is personally owned a wasting asset such as a fine gun can be bought for investment, kept and enjoyed, then sold at an appropriate time (timing is everything in investment!) and the gain made is not taxable. It is also a great way of gifting wealth to the next generation.
There is an interesting article on the Holts site. Go to
http://www.holtsauctioneers.com/articles.html and look at the May 2013 The Field magazine for more ideas!
Tim
[i]
The price of investments may go down as well as up and this advice comes from someone who is totally unregulated by any financial services authority ....[/i]
