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/biz/ - Business & Finance

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18444422 No.18444422 [Reply] [Original]

Should I break it up and sell it in blocks of $8k so I can get away without paying taxes on it?I guess if you sell over 10k at a time you need to file a form or something?

>> No.18444432

>sell money
sell for what?

>> No.18444458

>>18444422
>those numbers
Sell them in a literal potato sack.

>> No.18444495
File: 634 KB, 1280x1280, 15489236463.png [View same] [iqdb] [saucenao] [google]
18444495

>>18444422
>those digits
>that timestamp
i feel his presence

>> No.18444892

>>18444422
If you sell to a dealer the threshold isn't 10k cash
The threshold is 1000 toz of silver or 1 kilo of gold
If you have government minted coins then no report must be generated

>> No.18445035

Don't sell gold, if you want to spend some, sure.

>> No.18445085

How do I liquidate my 401k? /smg/ is too busy being useless as always.

>> No.18445124
File: 82 KB, 756x750, 1562049828899.jpg [View same] [iqdb] [saucenao] [google]
18445124

>>18444422
hand over the kooks or'll glass ya

>> No.18445418

>>18444422
>thinking you can cash out of pure metals without 12% slippage

>> No.18445439

>>18444422
And who’s buying these useless shiny rocks of yours grandad? I’m not giving you any real currency (crypto) for it.

>> No.18445667
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18445667

>>18444422
honestly who are you gonna sell it to? this is what has me scratching my head. I have 5oz of gold right now but lets say it goes to 20k/oz. who can i sell it to at that price?

>> No.18445771

>>18445667
Bullion dealers such as APMEX or Kitco, coin shops, and perhaps regular people since loaves of bread will cost $10 or more.

>> No.18445788

>>18445771
How much spot price will you get back?

>> No.18445804

>>18445667
I'll buy that whole stack for $2500 just to put your mind at ease.

>> No.18445841

>>18445788
Depending on conditions, you should expect to get at least 97% of spot price. For those bitching about paying over spot but selling for under spot, if you're expecting gold to hit $20,000/ounce, it is assumed you bought at under $2,000/ounce. Does getting $600 less in profit ($17.4K versus $18K) matter that much?

>> No.18445919 [DELETED] 
File: 66 KB, 650x448, 1-debt-US-govt-debt.jpg [View same] [iqdb] [saucenao] [google]
18445919

>>18444422
reminder that the only people shilling for the magical USD made out of nothing are the retards who are desperately trying to convince themselves that their magical bubble is just gonna keep growing and growing and growing forever, and it's never gonna burst.

>> No.18446208

>>18445667
You don’t sell it back for dollars you retard. The entire point of buying gold is because the dollar is a fraud. Gold doing 10x isn’t the same thing at all as link or amazon doing a 10x

You must wait for the deflationary collapse of all asset prices. That’s how you make it. That’s why you can make it with 5 ounces of gold because that 100k which makes you poor in NYC right now will in fact be like having 100k when rent was 40$/month in the in NYC in the 1940’s

>> No.18446227

>>18445841
This is why biz should have flags. Because you typed that all out for nothing when he’s probably from Israel. Could have saved yourself the trouble

>> No.18447038
File: 181 KB, 638x1000, 1563638844306.png [View same] [iqdb] [saucenao] [google]
18447038

>>18445667
By definition, if the price is 20k, someone is paying 20k.
If no one is paying 20k, the price is not 20k.