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10596748 No.10596748 [Reply] [Original]

In what format do you guys buy your metals? Coinage or bar?

>> No.10596767

>>10596748
I do bars for silver. Coins for gold.

>> No.10596942

Good mix of coins/bars. I like buying recognizable + security feature or difficult to counterfeit.

If in Canada you should stick to coins under $1000 to reduce future capital gains taxes

>> No.10597003

>>10596748
coins for silver since bars are taxed 20% (coins 7%)
coins for gold since those small bars have such an high premium.

>> No.10597023
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10597023

>>10596748
usa has a track record of confiscating bullion but coins are safu

>> No.10597029

>>10596748
ETFs
Only physical I hold is lead because if it gets to the point where you need physical, the lead will be more useful

>> No.10597048

Gold: bars or coins
Silver: mostly bars, some in rounds for barter larping.

>> No.10597057

>>10597029
this guy gets it

>> No.10597064

>>10597029
>>10597057
You can hold both. You only need a few thousand dollars of lead anyways.

>> No.10597116

>>10596748
Just coins. When SHTF you don't want people to worry about yours being fake. Sorry, but 99% of people don't know who valcambi, sunshine mint, or apmex even are. Stick with soveriegn coins.

>> No.10597127

>>10596748
Both, coins as legal tender in my country can't be taxed capital gains as far as I know. I hope to make my investment back on the bullion, but the coins I'll have to wait a good long while.

>> No.10597133

>>10597023
They didn't confiscate, all the gold they got under Roosevelt, people turned in willingly, and were paid. Smart people held onto their gold.

>> No.10597169

I got my first oz of gold today, went with royal Canadian mint bar instead of a coin cause it looked cool - did i fuck up /biz/?

>> No.10597177

>>10597127
>Coins as legal tender in my country can't be taxed capital gains

I had a thought lately.
What if I am on holiday and I can get my hands on silver coins which are legal tender in my country for a goood price.
What will happen if I come back with 10 kg silver coins but the purchasing power of it is only, lets say, 500$.

Do I have to pay tax on it if I declare it is simple money?

>> No.10597196

>>10597116
True but I'm sure you'll run into people who are familiar with silver and can tell the difference. So yes have minted coins but also have spare bars/ rounds on hand to trade with people who know their shit.

>> No.10597202

>>10596748
Don't buy bars you will always lose money either buying and selling. avoid middleman taxes with gold etfs.

>> No.10597218

>>10597003

Lol why the fuck do u pay tax on ur metals? HAHAHAH

>> No.10597233

>>10597218
Well, we have to pay tax on everything so we don't have to pay for healtcare stuff.

>> No.10597259

>>10597169
Not at all canuck minted gold is some of the highest purity available.
>>10597177
That's sounds like a good idea however I don't think it'll fly very well at the border. Maybe a travel consultant/ tax lawyer might know.

>> No.10597276

>>10597233
that sux

>> No.10597442

i buy and store my metals in liquid form. that way i can just pour out the exact amount when i buy a big mac.

>> No.10597477

>>10597029

why not both, maybe the lead holds off the initial terrible encounter with local wildlife of the 2 legged variety in the immediate aftermath of something terrible and you realize " FUCK THIS" and then you use the gold you have to start over somewhere more stable that does not have the 2 legged wildlife as previously mentioned.


I.E. when shit gets bad lead helps you get out immediate danger, gold helps you setup a new life somewhere where shit is much less bad and similar to however it was before shit got all fucked up in the first place

Different tools for different jobs, but both are just as important to keep in your wheelhouse

>> No.10597523

>>10597177
also, you can "sell" something to someone with legal tender, so 5 gold coins at a face value of $250 can be legally used to purchase a vehicle from someone, etc. etc. if you agree to the purchase price.

>> No.10597638

>>10597029
I'm sure people will be willing to cooperate with you when your entire plan is to rob them.

>> No.10597848

>>10597523
You can try that but you'll find that the legal system will throw you in prison. I do not remember the case but it was already adjudicated in the U.S. and, as expected, the U.S. government won. The situation was a business owner paying his employees in American Gold Eagle coins to minimize the FICA taxes he had to pay. He was paying his employees something like 1 American Gold Eagle coin a week and thus only having to pay FICA taxes on the $50 face value of the coins instead of the $1,000+ bullion value of the coins.

The business owner, if I remember correctly, got a prison sentence in addition to massive fines.

>> No.10597946

>>10597133
It was confiscation. It was a felony for Americans to own gold bullion after executive order 6102 was enacted in 1933. Americans did not regain the right to own gold bullion until essentially 1975. If you were one of the so-called "smart" people, you could not do anything with your gold in the open for 42 years.

The only people who managed to keep their gold and reap the massive capital gains upon FDR's re-pricing of gold to $35/ozt from $20.67/ozt were the super rich who got inside information of a forthcoming seizure of gold and moved all of their gold to Switzerland. Anyone who kept his gold in the U.S. either had to wait 42 years (and no one could have predicted in 1934 when gold bullion would ever be legal to own again) to bring it out of hiding or risked hefty fines ($10,000 in 1933 dollars, which is roughly 30 double eagles at FDR's new gold price or 50 double eagles at the original price) and prison (5-10 years).

>> No.10597965

>>10596748
SHA256 form all the way to the moon

>> No.10598000

>>10597638
I never said anything about robbing anyone
I'm not black

>> No.10598167

>>10596748
If you're buying bars of gold, it's probably best to buy the Swiss ones that are packaged in assay cards. PAMP Suisse and Credit Suisse, I believe, are two companies that make such products. You'll avoid any assaying fees that may occur if you have raw bars. If you buy coins, buy ones from first world nations that have high quality minting that are difficult to counterfeit.

Generally speaking, you'll pay less of a premium for bars than coins. Also, you can further reduce the premium by buying larger bars (100g, 1 kg) whereas coins typically max out at 1 troy ounce.

>> No.10598369
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10598369

>>10596748

>> No.10598391

Kill yourselves retards
I thought this was a buisness board, not "talk about your collection with diminishing returns"

>> No.10598418

>>10597023
They took the coins too. Jewelry was safe though.