Anonymous wrote:The problem is finding a dealer to sell it to who won't report the transaction to the IRS.

You would be surprised how many folks are low key gold dealers in this area.

The problem is finding a dealer to sell it to who won't report the transaction to the IRS.

I'm sure that when people die and their heirs find their gold coins they're running out to the IRS to report it ...

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Anonymous wrote:Gold just hit an ATH of $3922.70. I currently own 70oz of gold (actual coins/bars). Good time to sell or do you guys think gold keeps going up?

i have been buying a few ounce of gold and a few hundred ounces of silver every year for more than two decade now. I think of it as a real roth ira. Who know what the tax rates would be or if there would even be a country in 10-15 years. But these will always be tax free and i can pass on to my children.

How will they always be tax free?

i buy lots of them cash from the local coin shop, no receipts and no records, xfer to children = gov never knows.

Until they go to sell... they'd have to declare it as part of the estate to get stepped up basis, otherwise they owe tax on their entire sale.

What are you even talking about??

Really people? Assuming PP isn't suggesting his heirs should commit tax fraud, the only way to pass it on "tax free" as PP suggested is to declare the value as part of the estate to get the stepped up cost basis, and then sell it at or below that price in the future. If there is no step up basis or known cost basis, then they owe cap gains on the entire sale price. I guess the heirs could also just not sell it at all, but that's a big assumption.

https://www.antonlegal.com/blog/inheriting-gold-and-precious-metals-legal-issues-and-tax-implications/

yes i am talking about committing tax fraud, scew the government for trying to tax inflation.

We will report you you baboon

Ok government shill, how will you know what gold I have and which kids i have given them to?

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Anonymous wrote:Gold just hit an ATH of $3922.70. I currently own 70oz of gold (actual coins/bars). Good time to sell or do you guys think gold keeps going up?

i have been buying a few ounce of gold and a few hundred ounces of silver every year for more than two decade now. I think of it as a real roth ira. Who know what the tax rates would be or if there would even be a country in 10-15 years. But these will always be tax free and i can pass on to my children.

How will they always be tax free?

i buy lots of them cash from the local coin shop, no receipts and no records, xfer to children = gov never knows.

Until they go to sell... they'd have to declare it as part of the estate to get stepped up basis, otherwise they owe tax on their entire sale.

What are you even talking about??

Really people? Assuming PP isn't suggesting his heirs should commit tax fraud, the only way to pass it on "tax free" as PP suggested is to declare the value as part of the estate to get the stepped up cost basis, and then sell it at or below that price in the future. If there is no step up basis or known cost basis, then they owe cap gains on the entire sale price. I guess the heirs could also just not sell it at all, but that's a big assumption.

https://www.antonlegal.com/blog/inheriting-gold-and-precious-metals-legal-issues-and-tax-implications/

yes i am talking about committing tax fraud, scew the government for trying to tax inflation.

We will report you you baboon

Diversification in your portfolio is always ALWAYS the smartest move. Most of us are not professional investors so balance is key - you diversity.

Gold is something everyone should ALWAYS have. It is a hedge. Nothing more or less. But markets swing - it's all a matter of time. So you stock gold as a hedge for rainy days.

In our case, the Fing disaster storms of Trump times! So yeah - if you have gold - hold on. It'll continue to rise. Seriously - think about it. Econ, it's a disaster. I'm not talking stocks, I'm talking daily life. Inflation, food insecurity, govt shutdown, etc. Gold is about confidence. When global confidence on practical stuff drops, gold goes up. Gold is worth actually nothing - it's psychological. When people start buying it, shit is bad. These are bad times. Guess what's gonna happen!!!??

So even if you start buying a bit today, it may still prove worthwhile. It's hard to say as it's already so high but I do think it will go to $5k. It's a matter of when and how long it stays there. I don't see it ever dropping below $2500 because we're just in darker times for awhile moving forward with all that's already happened and the people these days in charge.

Anonymous wrote:GDXU taking a beating today

Oh no, whatever shall I do? It’s a 3x leverage volatile etf that is up 60% this month and 417% in 6 months. There are highly anticipated rate cuts, a world wide gold buying spree, on off tariffs still happening at a whim’s notice, farm losses as small farmers must sell, and we are in the next pets.com, Enron AI style bubble right now.

I’M GONNA HOLD THE FKING LINE ANS MAKE A SHT TON MORE MONEY WHILE IT GOES RIGHT BACK UP THIS AFTERNOON AND TOMORROW AND THE NEXT DAY. GOLD IS GOING TO $4,500 OR MAYBE $5,000 NEXT YEAR.

Then there will be a market crash and stocks will be on sale. I recommend everyone also start slowly buying small amounts of the etf called CAOS. Then sell it when the VIX goes nuts and we are in the free fall market time period after all the tech stocks crash 50-75% like IREN and all this ai stuff. Then plow all your gains into IDMO, SPMO and IBIT when they are on sale.

I get so tired of giving out the quality investing advice for free.

GDXU taking a beating today

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Anonymous wrote:Gold just hit an ATH of $3922.70. I currently own 70oz of gold (actual coins/bars). Good time to sell or do you guys think gold keeps going up?

i have been buying a few ounce of gold and a few hundred ounces of silver every year for more than two decade now. I think of it as a real roth ira. Who know what the tax rates would be or if there would even be a country in 10-15 years. But these will always be tax free and i can pass on to my children.

How will they always be tax free?

i buy lots of them cash from the local coin shop, no receipts and no records, xfer to children = gov never knows.

Until they go to sell... they'd have to declare it as part of the estate to get stepped up basis, otherwise they owe tax on their entire sale.

What are you even talking about??

Really people? Assuming PP isn't suggesting his heirs should commit tax fraud, the only way to pass it on "tax free" as PP suggested is to declare the value as part of the estate to get the stepped up cost basis, and then sell it at or below that price in the future. If there is no step up basis or known cost basis, then they owe cap gains on the entire sale price. I guess the heirs could also just not sell it at all, but that's a big assumption.

https://www.antonlegal.com/blog/inheriting-gold-and-precious-metals-legal-issues-and-tax-implications/

yes i am talking about committing tax fraud, scew the government for trying to tax inflation.

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Gold just hit an ATH of $3922.70. I currently own 70oz of gold (actual coins/bars). Good time to sell or do you guys think gold keeps going up?

i have been buying a few ounce of gold and a few hundred ounces of silver every year for more than two decade now. I think of it as a real roth ira. Who know what the tax rates would be or if there would even be a country in 10-15 years. But these will always be tax free and i can pass on to my children.

How will they always be tax free?

i buy lots of them cash from the local coin shop, no receipts and no records, xfer to children = gov never knows.

Until they go to sell... they'd have to declare it as part of the estate to get stepped up basis, otherwise they owe tax on their entire sale.

What are you even talking about??

Really people? Assuming PP isn't suggesting his heirs should commit tax fraud, the only way to pass it on "tax free" as PP suggested is to declare the value as part of the estate to get the stepped up cost basis, and then sell it at or below that price in the future. If there is no step up basis or known cost basis, then they owe cap gains on the entire sale price. I guess the heirs could also just not sell it at all, but that's a big assumption.

https://www.antonlegal.com/blog/inheriting-gold-and-precious-metals-legal-issues-and-tax-implications/

Anonymous wrote:

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Anonymous wrote:Gold just hit an ATH of $3922.70. I currently own 70oz of gold (actual coins/bars). Good time to sell or do you guys think gold keeps going up?

i have been buying a few ounce of gold and a few hundred ounces of silver every year for more than two decade now. I think of it as a real roth ira. Who know what the tax rates would be or if there would even be a country in 10-15 years. But these will always be tax free and i can pass on to my children.

How will they always be tax free?

i buy lots of them cash from the local coin shop, no receipts and no records, xfer to children = gov never knows.

Until they go to sell... they'd have to declare it as part of the estate to get stepped up basis, otherwise they owe tax on their entire sale.

What are you even talking about??

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Anonymous wrote:Thinking about investing $5k into GDXU. I'm betting gold hits $5k in the next year if not sooner.

Thoughts from other gold investors?

I have a bunch in it. If we don’t raise rates or do stuff to counter a falling dollar that would be good. It’s insane how much this thing goes up. Also, look at NUGT and SHNY.

I mean fk it. I’m buying all 2x leveraged tech stuff like AAPX, LRCX, and QPUX and just holding on for a while. This is a frothy market. It’s a crazy market. Buy some leveraged Rigetti and just let it rip for a few months. Who fking cares? Fortune favors the bold.

Are you day trading GDXU or holding it? If so, how long have you owned it?

This thing is a 3x leveraged etf and subject to leverage decay. That said. I have been holding for a month and it’s gone up like 80%. I see continued inflation, dollar decline, investor “uncertainty”, and the like for the foreseeable future. Or at least 6 months. I mean I am letting it fking roll. Gold is on a fking tear right now. People don’t know what and where is safe to put their money. The world is also on a gold buying spree.

So yeah, I’m swing trading it. But holding for a least another month. During this time I am also buying 2x leveraged stocks like LRCX and aplx that are sort of data center related. Might as well play it crazy with the ai boom while that lasts.

I’m sure all the fuddy fussy folks on here who think just buying VOO and waiting 30 years are aghast. But this is so fun. I buy boring azz index funds in my 401k as well, but swing trade risky stuff.

It will be going up. Honestly? We have so much I am seeing a little now, but holding on for more to the end.

Anonymous wrote:

Anonymous wrote:Thinking about investing $5k into GDXU. I'm betting gold hits $5k in the next year if not sooner.

Thoughts from other gold investors?

I have a bunch in it. If we don’t raise rates or do stuff to counter a falling dollar that would be good. It’s insane how much this thing goes up. Also, look at NUGT and SHNY.

I mean fk it. I’m buying all 2x leveraged tech stuff like AAPX, LRCX, and QPUX and just holding on for a while. This is a frothy market. It’s a crazy market. Buy some leveraged Rigetti and just let it rip for a few months. Who fking cares? Fortune favors the bold.

Are you day trading GDXU or holding it? If so, how long have you owned it?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Gold just hit an ATH of $3922.70. I currently own 70oz of gold (actual coins/bars). Good time to sell or do you guys think gold keeps going up?

i have been buying a few ounce of gold and a few hundred ounces of silver every year for more than two decade now. I think of it as a real roth ira. Who know what the tax rates would be or if there would even be a country in 10-15 years. But these will always be tax free and i can pass on to my children.

How will they always be tax free?

i buy lots of them cash from the local coin shop, no receipts and no records, xfer to children = gov never knows.

Until they go to sell... they'd have to declare it as part of the estate to get stepped up basis, otherwise they owe tax on their entire sale.

sure buddy!