Thanks bruh. Literally just began this whole stacking thing since March this year. Got most of my gold for $ 1,700 USD/oz.
Here's hoping for that bank of America 18-month projection of $ 3,000 USD/oz!
Asher Phillips
I feel bad for American stackers, your currency will never hyperinflate like mine will.
Owen Davis
Accounting question that has to do with precious metals.
So I run a small business selling collectible coin “grab bags,” and this year I’m on track to do about 70k in gross sales but hopefully I can scale past 100k this year. This requires me to buy a LOT of old constitutional silver and gold coins, among other collectibles of course.
Anyway, I’m in college and I really only need about $1200 a month to pay for my rent, utilities, car insurance, groceries, fraternity dues, phone, and live comfortably. But I’m profiting about $2500 a month from this alone.
My idea was to use this excess income to stack more bullion and write it off as me just buying more inventory where I would then just...not send it out and put it in my personal stash.
Would this work? I don’t see how it would be an issue. It’s money I would have anyway.
I’ll give you $300,000 for 33 1/3%, and a $50 royalty on each grab bag until I’m paid back $600,000. After that the royalty drops to $10 in perpetuity. Take it or leave it
Samuel Roberts
USD will kill every other currency, and then, and only then, will gold be able to kill the USD. But yes, USD will be strong until everything goes to shit.
>where do you find these coins? Local dealers sell me whatever they can’t move for pennies on the dollar.
It’s all valuable stuff numismatically, but the dealers just can’t sell it for whatever reason. Then I buy for their breakeven price and include it in a grab bag.
So, a lot of it is foreign silver. I just bought a Troy pound of 1948 Venezuelan Bolivars, for example. .830 silver coins that are worth something numismatically but probably not something you’d pick out in a store.
>grab bags are scams Yeah most of them are, I agree. That’s why I started selling them. I make sure every one has the value you’re paying for, do giveaways/lotteries all the time, and include an itemized bill of everything you get and it’s potential resale value.
I got tired of getting shafted and saw a market for an actually good grab bag. So here we are.
Daniel Lopez
First for Formerly Well To Do
Elijah Watson
I'm not excited for all the suffering the average person will go through, but I sleep well knowing I'm well prepared for it.
Also, silverpicker is a faggot kike. If you want a good numismatic YouTube channel to watch, TreasureTown is /our guy/
Thomas Evans
I hope not. I dont wanna enter a hyperinflation I'd rather just stay cozy spending some cash here and there stacking. But if it ever happens it's nice to know I'm somewhat prepared, or getting there Gold is stocking back up finally. Premiums have flattened too. I'm pretty stoked
Michael Campbell
Are you serious? I’ll give you my protonmail if you actually are.
Isaiah Miller
This wouldn't work because you have to report unsold inventory in your possession on your schedule C, which counts against your expenses/deductions.
This post is satire.
Chase Rogers
Ive only run this since January, I actually did not know that. Thank you cpa user
I'm going to buy a blowjob every single day that one mercury dime buys one.
Charles Davis
Much appreciated. Since all of my products come from >private collections >dealer overstock and initially >buying "that giant jar of coins" everyone has sitting around their house from friends/family by the pound My inventory at the moment consists of a google sheet of all of my silver, and a multilayered file in my safe noted by coin. It's really hectic and I'm trying to find a better way to organize it now.
Robert Ward
is this jon. i fucking hate you if it is
Benjamin Richardson
It just got upped to 40%
Isaac Green
DESU I don't know how it'll work for you if capital gains are involved due to the coins, I only buy and sell widgets.
