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Vlad_The_Impaler on scored.co
1 month ago0 points(+0/-0)2 children
The premium on a gold one ounce coin is 3-5% But no sales tax. You literally pay a 10% sales tax (premium) when you buy everything else and don't complain much about it.
A 3% premium in a gold coin gets erased in one or two days of the government announcing lower rates, money printing, record deficits, etc. Which they always do.
So if you buy a gold coin for $4000 and pay a 3% $120 premium over spot then who gives a shit when gold is $5000 per ounce a year from now? You're up $880
Also, i never pay tax on selling gold. How would the irs ever know if i bought gold, how much i paid for it, how long i had it and what i sold it for or if i sold it at all? Again, this requires you to SNITCH on YOURSELF. And doesn't the Bill of Rights protect you against self incrimination and testifying against yourself?
Also, is gold going up in value really a capital gains tax? All that happened is that the fiat U.S. dollar LOST VALUE. Your gold rock is still just a gold rock. You don't owe capital gains taxes just because the USA government devalued something you don't have much of (fiat dollars) and has nothing to do with your pet rock.
You can critique bitcoin or gold stackers all you want. Their stored value maintains value while you're left holding your diluted fiat jew bucks with satanic symbols scribbled all over it.
As an admitted Gold/Silver guy who has criticized bitcoins in the past, let me say it like this. If you hold bitcoins or gold or silver, all three of those is a way better idea than holding fiat jew dollars. Bitcoin collectors are in many ways very like minded to me. We know the dollar is toilet paper and we're looking for ways to convert our hard work, which was paid for in dollars, to something that will actually HOLD value in comparison to fiat currencies.
The arguments about the premiums on gold and silver coins is so overrated. In fact, people complaining about that prevented me from buying much more gold and silver much sooner. If it wasn't for a few guys on here trying to make me nervous about a petty 3% premium i would have bought more gold coins at a much lower price and wouldn't have given a shit about 3% of $2000 ( $60) when gold is now $4100/oz just two years later
Also, do you actually shop bullion vendors? There's deals every day for silver ounce coins at SPOT price with free shipping if you're not picky about what fucking design is on the thing. So maybe there are valid arguments why converting your fiat jew dollars into gold and silver coins is a bad investment, but i don't think the premiums is a good argument why someone should stop considering it. Hell, you don't think you pay premiums and fees on every mutual fund, every ETF, every stock transaction? The fees are there, just hidden to varying degrees. And when you invest in stock market well that's when you're DEFINITELY paying capital gains taxes because your broker will report your profits to the IRS even before they send you your own fucking statement.
Also do you need more evidence why GOLD and SILVER are good investments?
Because jews DO NOT WANT YOU TO OWN GOLD. Your entire life the fake news media, wall street journal, financial times The economist and all these jew controlled fake news fake economics newspapers all told you to NOT buy gold. Warren Buffet their puppet boy said do NOT buy gold. jews want you to buy their shit stocks and their garbage wizard paper bullshit. Options contracts and derivatives and make believe shit that only exists on paper.
Since the year 2000, gold has outperformed the SP500. All the resources we put into these corporations the laws that protect them, all the investment and money and yet a fucking pet rock increased more in value than trillions of dollars worth of working capital. What does that tell you about the fake stock market and these shit corporations? Beyond the constant LGBTQ and BLM and Gay pride and DEI and their refusal to let White Men run these corporations? And the poison and slop these jew corporations produce?
If you WORK HARD for a living and your boss gave you $1000 in fiat jew bucks, you'd be wise to go convert those jew bucks into a 1/4 ounce gold coin at the local shop and don't tell anyone about it and don't keep any fucking receipts and don't use a fucking jew credit card to pay for it. There's a reason you get 1% cash back so jews can see everything you buy.
Gold and Silver coins were THE STANDARD before jews took over with the federal reserve act of 1913. It took them 20 years to ban private ownership of gold coins. 1933. Look up why coins are called "pre-33 gold coins" FDR threatened imprisonment of up to 10 years if goys were caught with gold coins in their pockets. Further proof jews really don't want Whites to have real Gold and Silver coins. They want you to have plastic credit cards and their satanic money with satanic symbols on it. Because then they can say you sold your time and labor and left your kids with strangers at the daycare for what that satanic paper represents.
They make a margin on it. The grocery store sells you food for a slim margin profit. Coin dealers have to spend tons of money on security, surveillance, float large sums of money for inventory, pay for insurance, pay income taxes of their own.
Are you angry that you can't get Gold Coins at a local brick and mortar shop for SPOT price? SPOT price is a paper contract and usually requires that you buy a 1000 ounce bar. There's labor involved in converted large gold bricks into individually refined and pressed coins. There's pneumatic equipment energy costs, lots of security required.
Anyways, like i said. You don't have to agree with me. I just think it's good advice and it's worked out well for me. But yes, someone who doesn't understand what premiums SHOULD be can get taken advantage of by a dishonest greedy coin dealer. Avoid pawn shops for example.
See, that's what doesn't make sense, buddy. WHY are these shops going through ALL the trouble of spending tons of money on security, surveillance, floating large sums of money for inventory, paying for insurance, AND paying income taxes of their own
... *just so you can enjoy "tax-free" profits?*
WHY provide this "altruistic" service to the public? I've called many shops and asked if they would take silver for gold, or gold for silver. They all declined. They want cold, hard, "worthless" cash. Doesn't that say it all?
A drug dealer doesn't want to trade cocaine for weed, or pills for needles. They don't trade for the shit they're slinging.
Metal traders are no different. They all want your cold "worthless" CASH!
Well not all of them do. There are coin shows i go to and guys are really just self contracted or just wheel and deal coins without the brick and mortar shop and don't pay taxes on most of it.
I keep a few of their cards because if i ever want to mass liquidate i want a couple people i can get ahold of who can come up with big amount of cash for gold, without the premiums, and pay spot or close to spot.
Don't get so caught up with spot price. Look at the spot price for copper. Then go try to buy 50ft copper wire extension cord or copper wire for your walls. Do you get it for spot price or are you charged a premium?
How about Wheat Spot Price? Go buy a bag of wheat flour. Do you get it for SPOT price? No. You pay a premium for 5lb bag of Wheat flour.
I think you are too caught up over a petty premium. Obviously the premium kills you if you are trying to buy and sell gold in frequent trades, daily or weekly or even monthly. If you buy gold and hold it for a year you will be up 15-20% and have untaxed gains and be able to sell common bullion at the next coin show.
Like i said there are many good arguments why maybe you DON'T want to buy gold. So i am glad you are skeptical. It's worked well for me.
I make more money than i spend each month. So what do i do with that extra money? Buying coins or bars works for me. But if you have a better idea then i will listen. Eventually when i have enough i will offer someone gold and silver for their land.
A 3% premium in a gold coin gets erased in one or two days of the government announcing lower rates, money printing, record deficits, etc. Which they always do.
So if you buy a gold coin for $4000 and pay a 3% $120 premium over spot then who gives a shit when gold is $5000 per ounce a year from now? You're up $880
Also, i never pay tax on selling gold. How would the irs ever know if i bought gold, how much i paid for it, how long i had it and what i sold it for or if i sold it at all? Again, this requires you to SNITCH on YOURSELF. And doesn't the Bill of Rights protect you against self incrimination and testifying against yourself?
Also, is gold going up in value really a capital gains tax? All that happened is that the fiat U.S. dollar LOST VALUE. Your gold rock is still just a gold rock. You don't owe capital gains taxes just because the USA government devalued something you don't have much of (fiat dollars) and has nothing to do with your pet rock.
You can critique bitcoin or gold stackers all you want. Their stored value maintains value while you're left holding your diluted fiat jew bucks with satanic symbols scribbled all over it.
As an admitted Gold/Silver guy who has criticized bitcoins in the past, let me say it like this. If you hold bitcoins or gold or silver, all three of those is a way better idea than holding fiat jew dollars. Bitcoin collectors are in many ways very like minded to me. We know the dollar is toilet paper and we're looking for ways to convert our hard work, which was paid for in dollars, to something that will actually HOLD value in comparison to fiat currencies.
The arguments about the premiums on gold and silver coins is so overrated. In fact, people complaining about that prevented me from buying much more gold and silver much sooner. If it wasn't for a few guys on here trying to make me nervous about a petty 3% premium i would have bought more gold coins at a much lower price and wouldn't have given a shit about 3% of $2000 ( $60) when gold is now $4100/oz just two years later
Also, do you actually shop bullion vendors? There's deals every day for silver ounce coins at SPOT price with free shipping if you're not picky about what fucking design is on the thing. So maybe there are valid arguments why converting your fiat jew dollars into gold and silver coins is a bad investment, but i don't think the premiums is a good argument why someone should stop considering it. Hell, you don't think you pay premiums and fees on every mutual fund, every ETF, every stock transaction? The fees are there, just hidden to varying degrees. And when you invest in stock market well that's when you're DEFINITELY paying capital gains taxes because your broker will report your profits to the IRS even before they send you your own fucking statement.
Also do you need more evidence why GOLD and SILVER are good investments?
Because jews DO NOT WANT YOU TO OWN GOLD. Your entire life the fake news media, wall street journal, financial times The economist and all these jew controlled fake news fake economics newspapers all told you to NOT buy gold. Warren Buffet their puppet boy said do NOT buy gold. jews want you to buy their shit stocks and their garbage wizard paper bullshit. Options contracts and derivatives and make believe shit that only exists on paper.
Since the year 2000, gold has outperformed the SP500. All the resources we put into these corporations the laws that protect them, all the investment and money and yet a fucking pet rock increased more in value than trillions of dollars worth of working capital. What does that tell you about the fake stock market and these shit corporations? Beyond the constant LGBTQ and BLM and Gay pride and DEI and their refusal to let White Men run these corporations? And the poison and slop these jew corporations produce?
If you WORK HARD for a living and your boss gave you $1000 in fiat jew bucks, you'd be wise to go convert those jew bucks into a 1/4 ounce gold coin at the local shop and don't tell anyone about it and don't keep any fucking receipts and don't use a fucking jew credit card to pay for it. There's a reason you get 1% cash back so jews can see everything you buy.
Gold and Silver coins were THE STANDARD before jews took over with the federal reserve act of 1913. It took them 20 years to ban private ownership of gold coins. 1933. Look up why coins are called "pre-33 gold coins" FDR threatened imprisonment of up to 10 years if goys were caught with gold coins in their pockets. Further proof jews really don't want Whites to have real Gold and Silver coins. They want you to have plastic credit cards and their satanic money with satanic symbols on it. Because then they can say you sold your time and labor and left your kids with strangers at the daycare for what that satanic paper represents.
And you didn't answer my question:
# WHY would (((dealers))) give up their "precious" metals for my "soon to be worthless" dollars?
It's a fucking trap, dude. They charge you a premium to buy their bullshit "asset" and then they charge you a "premium" to get out of it later.
Add up what you paid going in and what you paid to get out and the (((dealer))) made just as much, if not more, than you did.
They make a margin on it. The grocery store sells you food for a slim margin profit. Coin dealers have to spend tons of money on security, surveillance, float large sums of money for inventory, pay for insurance, pay income taxes of their own.
Are you angry that you can't get Gold Coins at a local brick and mortar shop for SPOT price? SPOT price is a paper contract and usually requires that you buy a 1000 ounce bar. There's labor involved in converted large gold bricks into individually refined and pressed coins. There's pneumatic equipment energy costs, lots of security required.
Anyways, like i said. You don't have to agree with me. I just think it's good advice and it's worked out well for me. But yes, someone who doesn't understand what premiums SHOULD be can get taken advantage of by a dishonest greedy coin dealer. Avoid pawn shops for example.
See, that's what doesn't make sense, buddy. WHY are these shops going through ALL the trouble of spending tons of money on security, surveillance, floating large sums of money for inventory, paying for insurance, AND paying income taxes of their own
... *just so you can enjoy "tax-free" profits?*
WHY provide this "altruistic" service to the public? I've called many shops and asked if they would take silver for gold, or gold for silver. They all declined. They want cold, hard, "worthless" cash. Doesn't that say it all?
A drug dealer doesn't want to trade cocaine for weed, or pills for needles. They don't trade for the shit they're slinging.
Metal traders are no different. They all want your cold "worthless" CASH!
I keep a few of their cards because if i ever want to mass liquidate i want a couple people i can get ahold of who can come up with big amount of cash for gold, without the premiums, and pay spot or close to spot.
Don't get so caught up with spot price. Look at the spot price for copper. Then go try to buy 50ft copper wire extension cord or copper wire for your walls. Do you get it for spot price or are you charged a premium?
How about Wheat Spot Price? Go buy a bag of wheat flour. Do you get it for SPOT price? No. You pay a premium for 5lb bag of Wheat flour.
I think you are too caught up over a petty premium. Obviously the premium kills you if you are trying to buy and sell gold in frequent trades, daily or weekly or even monthly. If you buy gold and hold it for a year you will be up 15-20% and have untaxed gains and be able to sell common bullion at the next coin show.
Like i said there are many good arguments why maybe you DON'T want to buy gold. So i am glad you are skeptical. It's worked well for me.
I make more money than i spend each month. So what do i do with that extra money? Buying coins or bars works for me. But if you have a better idea then i will listen. Eventually when i have enough i will offer someone gold and silver for their land.