Please, please don't tell me Gecko is right. Again.
Weiss
Posts: 9,941 ✭✭✭✭✭
With the new proposed $600 reporting laws, it *seems* to be prudent to own at a maximum 1/4 ounce gold coins (which would allow gold to rise to ~$2400 an ounce) and 10 ounce silver bars if not 90% or 1 ounce coins/bars/rounds (which would allow silver to rise to ~$60 an ounce) before triggering single-sale reporting.
Anyone want a 10 ounce bar of gold or a few 100 oz bars of silver? Cheap?
Anyone want a 10 ounce bar of gold or a few 100 oz bars of silver? Cheap?
We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
--Severian the Lame
--Severian the Lame
0
Comments
<< <i>Weiss, AMPEX should swap them out for 1/4 oz AGE's? >>
...or maybe the Cap'n?
--Severian the Lame
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
If not, I agree, might be a good idea to swap out some big bars to 1/10 gold ealges and 1 or 5 oz silver bars!
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<< <i>is this really going through? It sounds like it will get pulled out of the bill? >>
It's already gone through and it's no longer a bill. It's now law!!! Don't forget to vote in November.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
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Don't worry about those 100 oz silver bars. You'll have the rest of 2010 and all of 2011 to exchange them for smaller bars or 90%. And then as silver approaches $60/oz the 10 ouncers can be traded in for 1 ouncers and 90%.
roadrunner
and 90% Ag
oh, it WON'T get kicked, remember there is a lot of dancing about the bill being another way to 'redistribute' wealth. an evil way to disguise a TAX (IMHO)
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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<< <i>Here's a question, will 1/10 ounce golds fit in plastic dime tubes? I guess I'm just wondering what the diameter of the 1/10 is compared to a dime. >>
A dime is 17.91 mm, while a 1/10 eagle is only 16.5 mm.
TD
<< <i>Hopefully the Capt will keep us informed if the premiums on the small ones jump dramatically on any given day in the near future.......MJ >>
Will do. Of course, you might want to think about buying them BEFORE the premiums increase.
Just a thought.
TD
<< <i>
<< <i>Here's a question, will 1/10 ounce golds fit in plastic dime tubes? I guess I'm just wondering what the diameter of the 1/10 is compared to a dime. >>
A dime is 17.91 mm, while a 1/10 eagle is only 16.5 mm.
TD >>
sweet. these things can be stacked in a dime tube then. thanks
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#2 1980 Topps Los Angeles Rams Team Set
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<< <i>
<< <i>
<< <i>Here's a question, will 1/10 ounce golds fit in plastic dime tubes? I guess I'm just wondering what the diameter of the 1/10 is compared to a dime. >>
A dime is 17.91 mm, while a 1/10 eagle is only 16.5 mm.
TD >>
sweet. these things can be stacked in a dime tube then. thanks >>
Surely!
<< <i>
<< <i>
<< <i>Here's a question, will 1/10 ounce golds fit in plastic dime tubes? I guess I'm just wondering what the diameter of the 1/10 is compared to a dime. >>
A dime is 17.91 mm, while a 1/10 eagle is only 16.5 mm.
TD >>
sweet. these things can be stacked in a dime tube then. thanks >>
I would prefer their own tubes, they look nicer then the standard ones.
<< <i>I still firmly believe that the govt' is wanting to monitor and find out who has what as far as PMs. >>
Great theory, but there are two flaws. One is that the government won't know for sure what was sold (even if they know that Joe's Coins buys bullion from customers, they don't know whether you sold a stash of wheaties, gold, or cardboard boxes). The second is that they only find out when you sell, so if you sell your entire stash (as many people would do), the government will just know that you once owned PMs.
Get uniformity into my stack with a commonly available, easily tradeable unit.
Get rid of gold encased in mylar or plastic....I want to feel metal on skin.
Get a size that almost anyone can afford to buy without needing a layaway plan.
So by following preference #3, a nice side effect is that the current POG allows for the sale of this sized piece of gold to slip under the radar....if thats what one chooses to do of course. Weiss, I deserve no credit for going small for the reason you assume. But even a blind squirrel does dig up a nut occassionaly!
<< <i>Why do we continue to allow such outrages perpetrated on us? >>
I believe the citizens of Bell, CA have had enough:
Mish
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey