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stereotomy says
. Biden has, to my personal benefit, greatly increased the price of gold.
Yeah, look also at the run up of silver during Obama's first term.
But the gold bugs who are buying at $2000 may be set up for a crash like the silver bugs did after 2011.
,
Premium for Silver Eagles is almost 50% over spot.
Gold is NOT and investment. It is an insurance policy against the failure of Bretten Woods -> Petrodolar system.
maintaining value
Gold is NOT and investment. It is an insurance policy against the failure of Bretten Woods -> Petrodolar system. How many Patnetters have fire insurance, or flood insurance? That's all it is. It earns no interest, and there are continuing storage costs. We have been reminded again and again about the consequences of not being prepared for the next fiat currency collapse.
yes, silver eagles are a safe play as well as silver ETF (ticker SLV)
Patrick says
maintaining value
yep, it stores values
1 silver quarter (25 cents piece) should continue to buy 1 gallon of gasoline or whatever its equivalent replacement would be
1 ounce gold piece can buy a 3 to 4 very stylish and high quality 3 - piece suits, and it should also do the same in the future
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silver eagles are a safe play as well as silver ETF (ticker SLV)
SLV and GLD are fine investments for your non-taxable IRA account, but do yourself a favor and don't hold them in a taxable account. Those funds sell a tiny bit of their metal holdings each month to fund their daily activities. As an owner of the instrument, you need to make a complicated entry on your taxes for each month or part of a month that you own them. For those who have already made this mistake, here's a website that can help you: https://www.costbasistools.com/silver/SLV.php
Silver has been dead for a long time.
How does anyone know how much specie you are buying to start with? I don't believe the dealer has any reporting requirements.
Silver has been dead for a long time.
Buy simple chain jewelry. Jewelers, esp the ones that sell chains, aren't banks.
Government issued coins (constitutional or bullion) are easier to verify and trade.
The dealer has reporting requirements for cash transactions over $10k. There is a pretty nuanced list of scenarios at:
https://www.pacificpreciousmetals.com/reporting-requirements-buying
Note: The dealer will not consider a cashiers check over $10k to be CASH (doesn't have to report), but the bank will have to report.
https://www.irs.gov/pub/irs-pdf/p1544.pdf
Here is the size of transactions that trigger a 1099-B being issued by the dealer when selling your precious metals to them.
Would anybody trust any currency Zimbabwe makes?????
Sure they have the gold...you can trust 'em this time.
Assuming they can hold those vaults when the mob comes...
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