/biz/ - Business & Finance

>>558968
Of course, larger transactions (10k and up) have to be reported, but if you're like most people on this Earth, selling a roll you bought @ 16/coin for 20/coin,you would be foolish to waste your time with the capital gains paperwork. Most coin shops respect and have no problem buying your PM's anonymously. (they stand to make more money on the coin they sold you in the first place).
Its physical and treated like a collectible, so you sell it at the price you are comfortable at.
Would you file capital gains on an xbox you sold more than what you pay for it?
U.S quarters, dimes, halves, and dollars were 90% silver until 1964. If you found and old quarter at the bank and sold it to your coin shop for it's weight in silver, would you file capital gains?
Do you think people who sell "Dey Gol" to a cash for gold place are going to get audited for selling it?
In the U.S, the original 13 colonies (now the states of the East Coast) all have written in their State Constitution that the government can't tax Silver or Gold, because at the time it was the money of the land.
Point i'm trying to make is, unless you're in silver and gold futures, and leveraging your whole store's worth of PM's into it, than FUCK 'DA POLICE! They aren't sweating that shit, it would cost more money for them to come after you than the capitial you would earn in the first place, if you're most people.