Business & Investing
Sponsored by

Buying physical gold/silver

348,499 Views | 2258 Replies | Last: 10 hrs ago by NastyNate
Bocephus
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Captain Winky • 12:53p, 10/9/24
AG
Captain Winky said:
I was at Costco last week waiting to get my El Tiempo gift cards from the front and there was an Indian family trying to buy five gold bars and the mom was on the phone with the bank because they wouldn't approve the transaction. I was doing work on a hotdog when they completed the purchase and casually strolled out the front with the young boy playing with the box for everyone to see. If I just bought five gold bars I would be a little less conspicuous.


I don't think stickup men have Costco memberships
TAMU ‘98 Ole Miss ‘21
Reply Quote
3
TTUArmy
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
8:18a, 10/11/24
When the stock market takes a dump, which I think it will, and hedges start selling their paper silver to cover margins or sour earnings, anyone think we see silver spot go back to $18-19 per oz for a time?
Reply Quote
Heineken-Ashi
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to TTUArmy • 9:03a, 10/11/24
TTUArmy said:
When the stock market takes a dump, which I think it will, and hedges start selling their paper silver to cover margins or sour earnings, anyone think we see silver spot go back to $18-19 per oz for a time?
So this is a chart I'm watching very carefully. It's a relationship chart between SLV and SPX. We are potentially on the cusp of an explosion in silver's outperformance of equities. This can happen in 4 ways..

1. Silver rockets and SPX stays flat
2. SPX goes up and silver goes up MUCH faster.
3. Silver is flat while SPX tanks.
4. Both go down but SPX crashes while silver falls at a lesser pace.

For me to believe that silver, and metals in general, would crash to $18-$19, Id have to see this chart break below the lower red line which was a 61.8% golden ratio retracement of the previous move up. We are so conditioned to think that everything is related and moves in unison. But if you go back to period of major moves in silver, they are often at times when SPX is very weak. So as long as this chart is bullish, I'm long silver.



Reply Quote
6
Outdoorag011
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:16p, 10/14/24
Is anyone interested in a 2013 1 oz gold Perth mint lunar year of the snake coin? I am going to my LCS tomorrow to sell it but I figured I'd ask here first. See example coin. If interested I can send pics of actual coin.

Reply Quote
1 edit
Aggiemike96
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Outdoorag011 • 9:35p, 10/14/24
AG
Did someone say "Perth Lunar"?
Reply Quote
1
1 edit
TTUArmy
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Outdoorag011 • 7:14a, 10/15/24
Outdoorag011 said:
Is anyone interested in a 2013 1 oz gold Perth mint lunar year of the snake coin? I am going to my LCS tomorrow to sell it but I figured I'd ask here first. See example coin. If interested I can send pics of actual coin.



Sell it to an individual - if possible. Otherwise, Uncle Sam will have his hand in your wallet for capital gains. LCS has to keep records.
Reply Quote
Jabin
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to TTUArmy • 8:43a, 10/15/24
TTUArmy said:



Sell it to an individual - if possible. Otherwise, Uncle Sam will have his hand in your wallet for capital gains. LCS has to keep records.
How does one go about finding such individuals and selling to them without leaving a paper trail?

I would report it anyway. You can go to jail for not reporting income. Taking unwarranted deductions is a different story. I'm not a tax expert or CPA so I invite them to chime in if I'm wrong.
Reply Quote
Captain Winky
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
9:40a, 10/15/24
I have had pretty good luck buying off Reddit r/Pmsforsale. It is not without risk but you can see how many transactions someone has completed and the mods do a good job of keeping scams out.
Reply Quote
1
TTUArmy
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Jabin • 10:56a, 10/15/24
Jabin said:
TTUArmy said:



Sell it to an individual - if possible. Otherwise, Uncle Sam will have his hand in your wallet for capital gains. LCS has to keep records.
How does one go about finding such individuals and selling to them without leaving a paper trail?

I would report it anyway. You can go to jail for not reporting income. Taking unwarranted deductions is a different story. I'm not a tax expert or CPA so I invite them to chime in if I'm wrong.


What kind of horse hockey is this??

First of all, it's none of Uncle Sam's damn business. You make it his business when you sell your PM's to an LCS. By law, LCS has to report business transactions.

What business you conduct with family, friends, acquaintances is strictly at your discretion. Be smart, use some common sense, and stop placing blind trust in these insitutions who are robbing you daily through inflation. We're taxed enough!!
Reply Quote
8
Outdoorag011
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to TTUArmy • 1:33p, 10/15/24
I ended up not selling at the LCS. He also said that only a few scenarios require him to report. For most people, the transactions he does he does not report because they are not over the threshold. He has to report any transaction over $10,000 and he said he does not do any single transactions over that so he doesn't report. A couple of other weird ones like selling (25) or over of either krugerrand, maple or Mexican onza he has to report.
Reply Quote
4
2 edits
TTUArmy
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
6:29a, 10/16/24
Timely video from one of my favorite YT stackers.

Reply Quote
HarleySpoon
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
6:09p, 10/16/24
AG
Pretty easy to find constitutional silver right now at spot.
Reply Quote
1
TTUArmy
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
5:51a, 10/17/24
Gold moving higher. I'd sure like to see it finish above $2700 going into the weekend.
Reply Quote
1
TTUArmy
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
6:47a, 10/18/24
Well, unless something crazy happens today, we're headed into the weekend with gold at ATH and silver above $32.
Reply Quote
3
Red Pear Realty
User Profile
Private Message
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to TTUArmy • 8:48a, 10/18/24
Sponsor
AG
TTUArmy said:
Well, unless something crazy happens today, we're headed into the weekend with gold at ATH and silver above $32.


Silver up a buck today!
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Reply Quote
4
Outdoorag011
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Red Pear Realty • 1:17p, 10/18/24
Blasted past $33
Reply Quote
2
Red Pear Realty
User Profile
Private Message
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Outdoorag011 • 1:31p, 10/18/24
Sponsor
AG
Up almost $2 today!
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Reply Quote
2
Outdoorag011
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to Red Pear Realty • 1:50p, 10/18/24
Love to see it!
Reply Quote
1
JR Ewing
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
2:50p, 10/18/24
AG
Question about ASE sales for the stackers…my wife has been having some health issues and I want to pay off some bills. Where is the best place near College Station to get reasonable value for them? I have a decent amount that I'm looking to sell. What is a reasonable price per with silver at $34?
Reply Quote
1
1 edit
jagvocate
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
7:40p, 10/18/24
AG

Reply Quote
1
BDJ_AG
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to JR Ewing • 9:51p, 10/18/24
AG
I may be interested depending on quantity/quality. I'm sure we could come up with a fair price. I'm on the west side of Houston.
Reply Quote
TTUArmy
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
10:29p, 10/19/24
I was going to buy an oz of gold this month, but decided to finish a few short tubes of silver. Y'all can go ahead and place your shorts now.
Reply Quote
1
TTUArmy
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
1:51p, 10/20/24
Well, I think I understand why silver shot up on Friday. The DXY poked it's head above the RSI. That's a pretty solid sign that US dollar strength is headed south, while commodities such as gold and silver move north. Unfortunately, it won't be good for the stock market or consumers. A weak dollar usually means less growth and more inflation.

I'm interested to see what happens this week with institutional gold and silver shorts - JPM and Citi with the lion's share.
Reply Quote
1
oklaunion
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to JR Ewing • 6:23p, 10/20/24
JR Ewing said:
Question about ASE sales for the stackers…my wife has been having some health issues and I want to pay off some bills. Where is the best place near College Station to get reasonable value for them? I have a decent amount that I'm looking to sell. What is a reasonable price per with silver at $34?
David's coin on University doesn't even pay spot.
Reply Quote
1
aunuwyn08
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
10:01p, 10/20/24
AG
Has anyone had success trading silver for an equivalent amount of gold (small markup) with a dealer? What about trading down AGEs for smaller fractional AGEs?
Reply Quote
jagvocate
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to aunuwyn08 • 6:30a, 10/21/24
AG
Miles Franklin and SD Bullion will do those swaps

Reply Quote
1
TTUArmy
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
7:08a, 10/22/24
My goodness...

Run silver, run!!!
Reply Quote
MRB10
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
7:26a, 10/22/24
AG
Reply Quote
2
Heineken-Ashi
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
8:53a, 10/22/24
SLV outperformance of equities is engaged. I want to see it get over the Wave 1 top next.

Reply Quote
3
jagvocate
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
10:05a, 10/22/24
AG
Good technical analysis takes a lot of work and I appreciate you Heineken-Ashi for bringing it to us here

Reply Quote
5
General Jack D. Ripper
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
12:40p, 10/22/24
I didn't need technical analysis to tell me to buy precious metals. The system is a house of cards. With continued war, BRICS and spending, it's only going to go up.

To the Keynesians: no. I'm not selling to you.
Well…you sounded taller on radio.
Reply Quote
1
oklaunion
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to aunuwyn08 • 3:46p, 10/22/24
aunuwyn08 said:
Has anyone had success trading silver for an equivalent amount of gold (small markup) with a dealer? What about trading down AGEs for smaller fractional AGEs?
Just FYI, if you declare it on your federal tax return, trading for different metals is taxable if you come out ahead. Trading for like metal is not.
Reply Quote
CC09LawAg
User Profile Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
In reply to MRB10 • 3:49p, 10/22/24
This sent me down a deeper rabbit hole than I expected for "hi ho Silver" vs. "hi yo Silver".
Reply Quote
Red Pear Realty
User Profile
Private Message
How long do you want to ignore this user?
24 hours One week Permanently Cancel
7:40p, 10/22/24
Sponsor
AG
Just for the record, silver up a buck today.
Sponsor Message: We Split Commissions. Full Service Agents in Austin, Bryan-College Station, Dallas-Fort Worth, Houston and San Antonio. Red Pear Realty
Reply Quote
3
AggieT
User Profile
Private Message
Ignore User Stop Ignoring
How long do you want to ignore this user?
24 hours One week Permanently Cancel
8:11p, 10/22/24
AG
I'm glad I found this thread! I first bought silver in 6/23 based on a link from Red Pear. 100 oz RCM bar.

I paid $2601. SD has it today for $3,712.

I went a little metal crazy after that as prices dropped. Silver and gold... there's just something about holding in your hand.

My wife thought I was nuts at the time. Been a fun year!
Reply Quote
3
 
×
subscribe Verify your student status
See Subscription Benefits
Trial only available to users who have never subscribed or participated in a previous trial.