/biz/ - Business & Finance

>>20117624

>>19881603
Do you already have 500+ ozs of silver, and several ozs of gold?
If so, go ahead and gamble.
If not, get your silver and gold stack right first.
Just my opinion though, DYOR as always fren.

>>19843813
>>19848393
obligatory CGT rehash info--
>>19783431
>>19783477
tl;dr--
Americans pay CGT on all PMs, ASE or other gov't or generic, legal tender/face value doesn't matter. However, it seems to be UP TO a max rate of 28%, not a flat 28%, depending on amount, other income/tax bracket, separate capital losses etc.
Bongs and euros OTOH apparently can avoid CGT/other taxes, by buying certain gov't coins.
DYOR as always, good luck frens!

>>19781116
>>19782737
>>19782766
>>19782818
Perhaps I can shed some light on this, since I was part of the last conversation on this issue...

>>19765157
>>19765181
>>19765200
>>19765241
>>19765366
>>19765488
>>19765737
>>19765933
>>19766193
>>19767285
I was apparently wrong about it being a flat 28% tax. You can pay a lower rate depending on your income/tax bracket, and also if you have capital LOSSES elsewhere that you keep track of and document. It seems I was right as far as it doesn't matter if it's ASEs or generic, coins and bullion are all considered collectibles by the IRS.
Relevant links from previous /pmg/ convo--
https://www.irs.gov/taxtopics/tc409
https://www.ellsworthcpa.com/posts/how-are-collectibles-taxed

tl;dr ~
YES, silver and gold are subject to cgt, UP TO 28%, but can be at a lower rate, consult CPA
NO, it doesn't make a difference if ASE or other types

>>19765497
I know, it sucks
I was hoping my legal tender face value coins from Scottsdale would skate, but apparently not.
Abolish the IRS.

>>19486477
That looks like what, maybe 600+ oz silver, 7 oz gold, and 5 oz platinum?
Very nice

>>19406004
>not my stack, taken from previous /pmg/
I agree though, it will be a good feel when my stack gets to that level

>>19405793
Pan Man is a good source for info on PM stocks

>>19405970
I know it's silly to quibble, diff between $20 and $23 per
but I'm not rich yet
thinking about crypto, then convert gains to PM