Posted on 05/19/2023 2:21:09 PM PDT by nickcarraway
I need to buy me some more silver…..
Word of caution. The Chinese have made almost undetectable counterfeits. Same size, weight . . etc. Be careful who you buy from.
Is this guy related to nostradamus?
Lol
I really wish i would though.
I hace a bunch of us govt Silver certicicates.
I have some silver but I wonder what a random blog post shilling it has to do with the subject matter of this site.
Nothing
Ping! Silver & Gold!
It’s twue, it’s twue. Ask Glenn Beck.
I have about 300 silver eagles I bought a decade ago. Silver does seem way underpriced, it’s overdue for a run up.
They won’t redeem those silver certificates for silver anymore.
Runup? Silver is the most abundant precious metal on the face of the planet. Running out of. Nope.
You won’t get rich stacking silver, but you won’t go broke either. Hardest part is getting good value when you want to sell it.
LBMA silver vault levels are contracting sharply, and total registered silver on COMEX is too. In fact, the amount of registered silver on COMEX has fallen by nearly 70% over just the past 18 months. Silver is also an industrial metal used in photovoltaics and stuff. I don’t think the supply is as abundant as you think.
> I have about 300 silver eagles I bought a decade ago. <
For the sake of argument, let’s say you decided to sell them to a dealer tomorrow. Does a copy of the sales agreement go to the IRS? And if so, do you have to prove your cost basis?
Anyone here know?
No.
And if so, do you have to prove your cost basis?
Only if you're audited. As far as reporting capital gains to the IRS, you're on your honor when you fill out your taxes.
This is timely. I bought 30 more ounces yesterday.
A silver eagle is legal tender at $1 ea., right?
What you say ?
These are contractual obligations that say the Treasury will do something on demand.
How could the United States of America default on contractual obligations, That would be a debt default bankruptcy.
We all know something like that could never happen
I like ‘junk’silver, though the premium is pretty high on it.
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