Treasure chest!!!

[cj023Participant 723]

So…. I hope I didn’t screw up. Whatever!

Went down to the local pawn/coin shop with 5k USD. I asked if I could buy silver bullion. The guy’s mouth dropped lol I CLEANED HOUSE no more silver bullion in my town..

I have a shoe box FULL of 1oz .999 coin format..

Lol I feel like a pirate with a treasure chest of silver… arrgh matey!

[cj023Participant 723]

I also tried the method of going to the bank and asking for rolls of 50 cent pieces..looking for silver ones…this method does NOT work

[SandalsParticipant 4253]

Don’t announce it to anyone you know. Store it in a safe that cannot be moved.

[cj023Participant 723]

I was actually thinking about burying it…oh God I really am a pirate..

But where? Backyard? Woods? Desert island? Nevada desert?

Great I’m paranoid now!

[joetechParticipant]

Try a safe deposit box. Or just go to the beach and bury it in the sand, and don’t forget to bring some Rum.

"Don't follow in my footsteps...I stepped in something."

[cj023Participant 723]

joetech wrote:

Try a safe deposit box. Or just go to the beach and bury it in the sand, and don’t forget to bring some Rum.

……yaaaarrr!!

[CataphractParticipant 2656]

Just watch out for these guys.

Marriage: About as appealing as wood-chipper diving.

[Anonymous 54]

Spread it out. Some in the bank, some in a safe at home, and a littl in the back yard.

Guys who have been married know this stuff!

[Y_Participant 4591]

Do not use banks. Do not tell anyone.
Keep some with you hidden away where no one will find it.
The rest you may want to bury and make a treasure map for.

Done well – you are now holding real wealth. Not paper.

[Anonymous 0]

Buy a safe!
Muscle it into the back of a closet.
Cover with old stuff you will never use.
Forget about it until the SHTF
Check out PM prices at kitco.com daily

Some of the best investment advice you can find is right here at MGTOW.com in the “Money” forum. Real articles from real guys just like you
And Congrats. You are on the way.

[MarketWatcherParticipant]

Anonymous wrote:

Buy a safe!
Muscle it into the back of a closet.
Cover with old stuff you will never use.
Forget about it until the SHTF
Check out PM prices at kitco.com daily
Some of the best investment advice you can find is right here at MGTOW.com in the “Money” forum. Real articles from real guys just like you
And Congrats. You are on the way

Best investment advice ever given.

[Guy MontagParticipant 72]

Here is something you may not have thought about.

The problem with buying gold and silver is when you ‘sell’ it back to turn it into cash. At that point the IRS steps up and asks for its cut in the form of capital gains taxes. The simple secret is to never ‘sell’ it back. You should just ‘spend’ it.

Now, “how do you do that?” I hear you ask. If you are in the United States simply only buy American Gold and Silver Eagles. They are considered US money because they are minted by the US Mint and have actual US face values in dollar amounts embossed on them. The Silver Eagle is $1 and the full ounce Gold Eagle is $50. The half ounce Gold Eagle is $25, etc. So by all means, buy American Gold and Silver Eagles and you will have real US money as compared to currency.

You only have to claim capital gains when you convert your gold into dollars in the form of Federal Reserve Notes. You don’t have to convert them into anything because they are already legitimate US money. All you have to do is spend it at face value. Now, I’m not suggesting that you go take your 1 oz. American Gold Eagle and spend it as if it was $50. But you could probably really easily go buy say a used car from someone else and show him/her your $50 pieces and offer to buy it for $300 in US money (6 oz. in gold pieces). Then all you have to do is have them fill out the bill of sale for $300. You’ve gotten what you wanted and have ‘spent’ your US money with no capital gains.

Just something to consider. But, yes by all means try to keep as much of your money as possible outside of the banking system.

[SandalsParticipant 4253]

Guy Montag wrote:

You only have to claim capital gains when you convert your gold into dollars in the form of Federal Reserve Notes. You don’t have to convert them into anything because they are already legitimate US money. All you have to do is spend it at face value. Now, I’m not suggesting that you go take your 1 oz. American Gold Eagle and spend it as if it was $50. But you could probably really easily go buy say a used car from someone else and show him/her your $50 pieces and offer to buy it for $300 in US money (6 oz. in gold pieces). Then all you have to do is have them fill out the bill of sale for $300. You’ve gotten what you wanted and have ‘spent’ your US money with no capital gains.

This is the way it ought to be. Unfortunately, the govt is a mafia. If you “undervalue” your car purchase according to their KBB stats, they will catch you and assume you are attempting to cheat the govt. They will either not accept your bill of sale, or tax you at the average rate anyway, or red flag you for audit by the eye are ess. If you tell them you purchased with gold coins, the govt workers will think you are crazy right-wing nut and will harass you to no end, and may even land you in jail.

Unfortunately, there is absolutely zero following of the law by govt officials and workers today, so unfortunately there are problems with actually purchasing things legally in the way you have described.

If you can spend it privately, like to purchase home protection from other like-minded people, definitely do that. But beware, the commies have trained everyone to turn in their brother when right-wing alert gets triggered.

Big brother will only know you sold or “spent” it if it’s 1099ed, or if they entrap you.

These are desperate times. Very unfortunate.

[cj023Participant 723]

Guy Montag wrote:

Here is something you may not have thought about.

The problem with buying gold and silver is when you ‘sell’ it back to turn it into cash. At that point the IRS steps up and asks for its cut in the form of capital gains taxes. The simple secret is to never ‘sell’ it back. You should just ‘spend’ it.

Now, “how do you do that?” I hear you ask. If you are in the United States simply only buy American Gold and Silver Eagles. They are considered US money because they are minted by the US Mint and have actual US face values in dollar amounts embossed on them. The Silver Eagle is $1 and the full ounce Gold Eagle is $50. The half ounce Gold Eagle is $25, etc. So by all means, buy American Gold and Silver Eagles and you will have real US money as compared to currency.

You only have to claim capital gains when you convert your gold into dollars in the form of Federal Reserve Notes. You don’t have to convert them into anything because they are already legitimate US money. All you have to do is spend it at face value. Now, I’m not suggesting that you go take your 1 oz. American Gold Eagle and spend it as if it was $50. But you could probably really easily go buy say a used car from someone else and show him/her your $50 pieces and offer to buy it for $300 in US money (6 oz. in gold pieces). Then all you have to do is have them fill out the bill of sale for $300. You’ve gotten what you wanted and have ‘spent’ your US money with no capital gains.

Just something to consider. But, yes by all means try to keep as much of your money as possible outside of the banking system.

fantastic advice yes they are American silver..

[cj023Participant 723]

I know it seems I can’t even go to the local store for a gallon of milk without breaking Some kind of law.

[Author]

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