That's the plan. Unless SHTF so much that it's the end of the world as we know it, I plan on just having a fat stack forever. Also, once LINK hits $1000 per I'm selling my $10mm stack and retiring from society
Christopher Parker
Despite the poverty rifle I like the OP
Gavin Adams
Why didn't my digital gold act like physical gold when the market started to tumble? Did the moonboys lie to me?
Question for my fellow burgers who haven't experienced any boating accidents. Is it true that we don't have to pay capital gains when selling silver/gold eagles? Heard this was the case and that selling anything else is taxable. Can any big brained PM chad speak to this?
Ryan Baker
You're right. We'll need to wait for a serious economic crisis before we can tell whether BTC is truly a store of value.
Where have you been? They have been going for around that rate for a while now.
Hunter Brooks
Is there any real reason to go out of your way to buy gold, if, to be honest, you can't really afford it?
Seems to me gold is essentially a ripoff unless you can afford to buy 1oz coins and since I can't really I might as well just stick to silver, is this basically true?
Sebastian Bell
Bat boi bless.
Chase Brown
You can find aussie kangaroos, austrians philarmonics or Krug for 20$. They're still very good coins
Mason Hill
From a tax law standpoint, it’s not true. Capital gains on sales of precious metals are legally subject to short- and long-term capital gains tax. Not only are they subject to capital gains tax, but because they are classified as collectibles by the IRS, the maximum long term capital gains rate (28%) is higher than for financial assets (20%).
Now, if you own American Eagle gold or silver coins, sales of any amount of those are exempt from 1099 reporting. So the IRS will not know that you sold them. This does not exempt you from reporting or paying the tax, however.
If you sell more than 25oz of bars, rounds, or foreign coins, then the dealer is required to issue a 1099 and report the sale to the IRS. Which makes avoiding the tax basically impossible.
Tax rules related to bullion and jewelry are complicated, but that’s kind of the basics of it.
Nolan Reed
what about Canada with maple leaf coins?
Aaron Bennett
>If you sell more than 25oz of bars, rounds, or foreign coins, then the dealer is required to issue a 1099 and report the sale to the IRS. Which makes avoiding the tax basically impossible.
Sell 24oz?
John Davis
thinking about getting 1 ounces and perhaps bat boi if it dips in price some
I started stacking recently, got into a few ounces of gold just to have a diverse base. In terms of weight, I am far more invested in silver 30:1. If you cannot buy gold, buy silver. Right now the gold to silver ratio is high as fuck. A theory is that when you buy silver, you are getting a discounted pathway to gold when things return to their natural mean (10:1 to 20:1). Again do your research user.
Charles Robinson
I miss libertarian /k/. Board is unrecognizable past 2015ish.
