So I was told last year by a friend of mine that buys and sells silver, that if you buy/sell under a specific weight, then it can be a 100% cash transaction off of the books. Now I don't remember the weight, but I remember he told me he would go to several places in Austin to sell his silver so that he could take advantage of this. Again I have no idea anything else, maybe the quantity is too small to really make money, or maybe this isn't even true.rotor wrote:Just got one of those flyers from my accountant. Profits from the sale of bullion and coins is taxed differently than profits from stock. I know you are all talking about the end of the world scenario but realize that if the world doesn't end uncle sam will hit you hard on profits if there are any. Talk to an accountant before putting big dollars in this. If you keep hearing that silver is selling for half of its high routine therefore you should buy, I wouldn't.
Now guns and ammo, you can hold in your hands.
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Return to “Gold/Silver Bullion purchase for an ignorant rookie”
- Tue Oct 11, 2016 7:36 pm
- Forum: Off-Topic
- Topic: Gold/Silver Bullion purchase for an ignorant rookie
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