I have about 300 silver eagles I bought a decade ago. Silver does seem way underpriced, it’s overdue for a run up.
Runup? Silver is the most abundant precious metal on the face of the planet. Running out of. Nope.
> 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?
I wish I had bought gold and silver in the early 2000s when it was selling for $320 and $5 respectively.
I bought 16 100 ounce bars primarily as a tangible asset in case for an Armageddon scenario about 15 years ago at a bit over $10.00/oz. It sat at the $15-$18 mark for quite awhile but has been going up recently to a close of 24.02 today.