/biz/ - Business & Finance

>>16491914
Why are these threads being deleted?

>>16491925
I deleted the last one because I fucked on something so I had to reedit it

Silverchads rise up!

enjoy losing money

>>16492047
enjoy your massive crypto dumps

Halp!
>>16492378

>>16492308
(((Discord)))

>>16492308
Enjoy your 28% tax every time you sell regardless of your tax bracket or how long you held (assuming you're American. Isn't everyone?)

Someone tells you silver is a meme and gold is the only way to go, what is your argument?

>>16492472
Gold isn't heavily being used in technology as silver is.
Silver is far more scarce than gold is.

Went through my late grandpa's coin collection today. Pic related is the spreadsheet I made for all the semi-numismatic and numismatic stuff. Also had 4oz. of silver maple coins and some commemorative stuff.

My mom wants to get rid of it all but I'd rather keep it, or at least keep the silver bullion and junk silver.

>>16492440
>I heard some anon say this was possible, can someone explain how this is done?
I don't have a 401k, but I think my neighbors do, and I'd like tl try and warn them to do something like this before they all get fucked out of their money.

here anon I hope these help!
https://www.birchgold.com/401k-to-silver/
https://www.401ktosilver.net/
https://www.texasbullion.com/PreciousMetals/IRA
https://goldiraguide.org/converting-your-old-employers-401k-to-a-precious-metals-ira/
https://goldalliancecapital.com/converting-401k403b-to-a-gold-ira/

>>16492569
>I don't have a 401k, but I think my neighbors do, and I'd like tl try and warn them to do something like this before they all get fucked out of their money.
let them lose out. You can't have everyone on the gravy train you newb

>>16492612
I was reply to >>16492440 crossthread

>>16492467
>Enjoy your 28% tax every time you sell regardless of your tax bracket or how long you held (assuming you're American. Isn't everyone?)
>implying anyone ever pays that tax

Unless you're dumping over $10,000 worth of gold at once then there is practically no way for the IRS to even you sold gold at a profit. America is the land of tax-dodging, my friend. Literally just don't report it, and you'll be fine.

>>16492665
Does this mean I go get prepaid visa cards, and buy gold and silver like that?

>>16492467
https://fisherpreciousmetals.com/resources/general-market-info/truth-precious-metals-reporting/

>As explained under “Reportable Purchases,” no precious metals purchases are reported unless cash reporting thresholds are exceeded. Investors wanting to avoid reportable sales should buy American Eagles.

You pay taxes when you buy the metal from a dealer (if applicable in your state/country), but selling is basically tax-free for the hodler. Once again europoors don't know what the fuck they are talking about.

>>16492678
If you're buying over 10k at once worth than maybe. You can also just Dollar Cost Average your purchases and spread them out with your regular card. You'll likely pay less overall if you do this, and still avoid the IRS.

>>16492716
I might as well hire an accountant/bookkeeper because I'm so fucking lazy I don't want to bother filling out tax forms.

>>16492730
If you're making enough money to be able afford that much in gold/silver you should have had an accountant years ago. I make 40k and still use my parent's accountant at filing time.

>>16492744
Well I'm nowhere near making that much money but I'm saying in general when I'm filling taxes on turbo sax and they ask me questions that I have no idea what they're talking about I still need my bookkeeper of a mother to help because I don't want to fuck it up and have the IRS get on my ass because I'm Tex Retarded.

>>16492766
Nigga if you're broke they aren't gonna do shit. Most people who get audited don't even realize they were audited because 9/10 it's just a letter they send in the mail with no payment required. Unless you're claiming 10 dependents, using business only tax credits, or something like that for the entire year they typically don't care about us little folk.

>>16492808
I don't know, I've seen some anons say they will they don't discriminate come after anyone to enforce their rules.

>>16492830
That's true, but if you don't make much money in the first place, it's gonna be a lot harder to actually dodge any taxes. The people who tend to get seriously audited often owe tens of thousands, if not hundreds of thousands of dollars because they have the ability to use tax shelters and have access to all kinds of off shore tax havens.

If you're making less than 40k, you're more than likely getting a refund unless you've done something throughout the year to reduce your withheld taxes. If you're invested in the stock market then yea, you need to report that because that's easily traceable, but PMs are hard to track for individuals if you deal mostly in cash.

>>16492902
I made less than 9k this year

>>16492934
Now you're getting it. Just keep telling the IRS that's your income no matter how much you actually make, and then you'll end up royally fucked if they ever find out.


Also if you made that little than you literally won't even pay taxes except Social Security. That 10% is probably getting entirely refunded

>>16492308
I dont own crypto, retard goldbug. You have no arguments against bonds or stocks so you pick on the least common denominator

(ps chart looks the same in present day)

>>16493127
Brainlet

>>16493127
> pre-2008 gold chart
Literally who cares, after 2008 gold was not the same PM anymore. Jewish Crisis has changed the rules of the game.

Guys we have to be careful posting silver and gold here I think. The world is heading towards becoming totally cashless and if the UN gets their way under the 2030 development agenda then there will be no cash at all. There will be another gold/silver grab. Eventually lone individuals won't even be allowed to own physical gold or silver soon. I've buried all 50 grams of my silver 3 feet underground wrapped in multiple layers of water absorbing material and placed inside water tight containers.

http://www.silvermonthly.com/government-confiscation-gold-happened-beforecould-happen/

>>16493479
The point of silver stacking isn't to make money off it? Is it..? I stack because the dollar is going to crash. The dollar is literally a ponzi scheme.

>>16493516
Many stack as a hedge against inflation. It's not about making money so much as not losing it. As shown in that screen cap gold is better in that regard.

>>16493544
For inflation it would definitely be better. It's just a lot harder to trade with when the next 1929 crash hits. Which I'm sure will happen soon. Just look at how much money Warren Buffett has pulled out of the stock market. Although he has been wrong in the past.. But still. The federal reserve can't even generate 1 dollar of GDP growth from 2 dollars of debt.

>>16493479
Literally the dumbest fucking comparison I have ever seen. Stay stupid you dumb fucker!

>>16493593
Surely you have evidence to back that up then.

>>16493644
>Hurr durr
>Coin X cost this much
>Coin Y cost this much
>Therefore coin X is better to stack because I'm too fucking stupid to look at other coins that are also made of the same material as coin Y for cheaper
Did I miss anything? No? Good, now fuck off retard!

>>16493692
So no evidence.

>>16493724
Literally KYS for being that fucking stupid.
You just took 2 coins out dozens of mints and used them as your basis for stacking gold over silver because one has a higher premium. FUCKING KYS!

>>16493748
You seem angry. Is it because you cannot actually disprove that gold has significantly lower premiums than silver?

>>16493761
Except it doesn't. I can get silver at .19 over spot right now which is 1.1% premium, can you beat that deal? Nope you can't... NOW FUCK OFF with your bullshit info

>>16493780
Hearsay. Provide links.

>>16493780
Poof or it didn't happen

>>16493825
And if I provide that you going to rope for being a raging faggot?

>>16493505
What the fuck? no way we can let this happen again, we can't make the same mistake in letting them do that.

>>16493831
I'm waiting.

>>16493831
this niggas gonna link some war nickels lmao

>>16493843
https://www.providentmetals.com/1-oz-999-fine-silver-rounds-our-choice.html

>>16493843
Yeah that's what I thought.... Fuck you!

>>16493866
>spot price only to people who pay cash

How the fuck does that even work? I smash 20's in my floppy drive?

>>16494022
You use an E-Check you dumb fucker

>>16493866
>>16493994
pretty shit deal. These rounds are worn and tarnished to shit and might have been clipped

>>16494064
Is that why you ran and loaded up? KYS faggot!

>>16491914
Is this a litecoin general?

>>16494090
no anon, this is a Silver metal general

>>16494090
Are you retarded?

>>16494076
I take it you stack against financial crisis rather than against regular inflation.

>>16494145
Those silver rounds achieve both. You were wrong and now look like an asshole with your holier than thou bullshit. Silver is silver, those will gain the same value as eagles or maples because they are all .999 and .9999 silver.
If you are referring to numismatic value, then you were being disingenuous from the start.

Just started buying 10oz bars every 2 weeks (have 4 now). Don't even care if it moons hugely or not, it looks so pretty sitting in my gun safe.

>>16493070
no really, the only job I had all year was dairy queen working only 2 to 4 hours for 4 hours a week, and then I was fired several months ago for whatever reason

>>16494242
4 days*

>>16494233
Having a lot of it in one place is a liability risk anon. Stay safe

>>16494219
Not really.

>>16494262
why is that bad?

>>16494304
come'on anon don't be as vague like he was explain why

What would be a good amount to buy as the bare minimum? I have 80k to spend. Is 10k good enough?

>>16494233
Nice one, Anon. Personally I like the tubed coins more, but still, even I have a 1kg high polish bar just to hold it in my hands for a moment once a week. Nothing can beat that shine. Nothing makes you FEEL so financially secure like gold and silver.

>>16494401
over thousand oz is good here, calculate it
https://www.silverrecyclers.com/Calculators/ster_calculator.aspx

>>16494401
Buy gold and silver if you have savings of that caliber.
If I were you (but I'm not a financial adviser, so don't just listen to be because I said so) I'd buy 5oz of gold and about 250oz of silver.
A year or two later as you save up more and still feel confident about your jewish paper money, I'd go to 10oz of gold and I'd buy like 8 bars of silver (1 kilo each). Unless the market has already went bananas and 1oz of Silver costs 700$ lel.

I'd stop stacking at this point and just watch the market. Get a BTC or two, they can still explode and you can easily afford them.

Just don't sell your silver and gold until it's gonna make you a very wealthy man. Prices should be more and more crazy every few years, but I don't see it ever going permanently low. Progress is a bitch, PMs will wreck Fiat currencies in our lifetime.

>>16494313
Fair is fair. He acts like a cliché 4Chan poster only to post tarnished silver rounds as his smoking gun against American Eagles (gold or silver). He better have a great relationship with a local coinshop or else he will be disappointed when tarnished generic silver rounds rarely cash out for spot price.

>>16494401
Bare minimum is 5% of your portfolio. How much gold and silver is up to you but with $10K you can do a whole lot worse than 80% Gold /20% Silver. That's about 5oz of gold and about 120oz of silver.

>>16493269
Jesus christ we are so overdue for a big deflationary bout

whos stacking swastikas here

>>16494959

>>16494971
It's hard to find legit Reichmarks, many now are knock offs that are stamped out of cheap alloy.

I do own some silver. Through chance I've come across some silver quarters and steel pennies among some other rarer ones, but I also have 1923, 1889, 1804, and 1797 dollars. Do I hold onto these and they will be worth more once silver goes up, or should I sell them now and use that money to buy more silver? I honestly have no idea if they are worth anything substantial or how I would even sell them.

>>16494993
hmm i think that may not be such a problem anymore. Ebays pretty good. The chinese are still making fakes but they label them "commemorative coins" now

>>16492467
Americans btfo. Where I live there's no capital gains tax and pure silver is exempt from sales tax.

>>16495022
are those real silver quarters?
sell the steel pennies
and are those dollars .999 silver?

>>16495070
dollars are 90%

>>16495078
I don't know how to answer that but here's something to go by

https://coinsite.com/how-do-i-figure-how-much-my-90-silver-coins-are-worth/

>>16495022
if you just want to stack silver and dont have any sentimental value then look up the collectors price for the coins 1 at a time compared to the melt value and choose if you want to cash in on the difference. Personally I wouldnt because they obviously arent making anymore of them and if you acquired them by chance theres a certain degree of luck attached to that you dont want to lose out on

>>16495022
You likely will not make enough to buy more silver but if you want more pure coins you can bring them in and see if you can trade them in for their equivalent weight in silver.

>>16495096
Maybe they really are good luck.

>>16491914

>falling for silver meme

OP is a fag

>>16495317
nice rebuttal kid

>>16492665
That's felony tax evasion

>>16492665
I don't break the law so what's your point? You can also get away with burglarizing homes you fucking criminal scum.

>>16492501
Gold is used in chips because if they used silver it would oxidize and lose counductivity. But in absolute terms more silver is used industrially and far less is reclaimed through recycling programs.

>>16495405
But silver helps circulate electricity

>>16492665

>literally just don't report it

enjoy having your computer and house seized by IRS

>>16495414
Yeah, but it doesn't stay that conductive forever, especially when printed super thin. Gold doesn't corrode.

However, silver is bacteriocidal, which is way cool.

>>16495474
Does gold filter my water?

>>16495490
I don't know. Teflon Don probably uses it for that, though.

Aight, give me your estimate to how high it could go per oz. within the future and any reasons you believe.

>>16495404
lmao this faggot actually thinks taxation is legitimate.

>>16495404
>>16495681
https://www.youtube.com/watch?v=AdStd8w35XQ

>>16494959

Who hurt you, 4g6D3NJ9?

>>16493544
I own only silver but want to acquire some gold as well. Just curious as to why you'd advise against gold completely if you can't afford to buy by the ounce. What's wrong with buying fractionals?

>>16495404
>That's felony tax evasion
Yea, only if you got caught. Even if you do the IRS isn't just gonna show up to your house and throw in you the slammer for not reporting. They still have to follow due process so they'll mail you a few times asking you to pay. If you still refuse to pay then you get audited and fined. If you STILL refuse to pay even after all that, then you go to jail.


Dodging taxes is perfectly fine. It's not knowing when to fold 'em that gets people in trouble.

>>16496137
you get raped on the premium generally. Theres some decent priced restrikes, but thats not as good as a genuine bullion coin

Best place you can buy with crypto online?

>>16496198
JM Bullion is alright and they accept crypto. Free delivery on orders 100$ or more.

>>16491914
Believe on the Lord Jesus Christ, and thou shalt be saved, and thy house.

>>16496619
Anon, I'm already your brother in Christ so you don't have to worry about me

>>16496198
https://www.agxsilver.io/ One AGX coin = 0,54$ physical silver

>>16492467
>>16495061
>paying taxes

>>16495404
>thats felony tax evasion

>>16496662
Cool stuff, when does AGX go live?