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It's my understanding that only purchases over X amount get reported. The thing about pre-1965 coins is that they can be classified under coin collecting so they can't be taken by the government. Bullion and non-collector coins could be mandated to be given back if the gov't ever needed silver/gold. At least that is my understanding of it.
Maybe this will help. http://goldsilver.com/article/irs-10...ilver-bullion/
Thank you all for your advice. I made an investment in some bars.. Lets see how well this thing works.
I don't really want them for their market value. I want them for their trade value if the world takes a shit. Hence I don't care how purty they look or if they have fancy logos and impressions on them. Just raw metal in transferable chunks.
And preferably the same metal all the way through.Quote:
Originally Posted by asmo
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And this today from Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland:
Quote:
In the meantime, the US stock market is making new all-time highs, also fueled by QE. Stock investors are totally oblivious to what’s happening the real world. This is a dangerous market which will end in tears during 2014. The percentage of bears is the lowest in 23 years, at 15%. And earnings estimates are now going down, while stocks are going continuing to go higher.
Of course the Fed knows, and Yellen knows, that there is no chance of stopping QE. Stock markets would collapse. Bond markets would collapse, and so would the whole economy. The Chicago Fed President Evans just confirmed that QE could be $1.5 trillion next year. In my view QE will be a lot higher thereafter. I believe that in January and February there will be no real solution to the US debt limit, and this will trigger dollar selling and bond markets falling.
In the meantime, the West is offering the East the most priceless gift that anyone can receive by manipulating the paper price of gold lower. This is allowing the East to acquire real physical gold at prices that will never be seen again. And the East is gratefully taking all that is being handed to them.
I agree with your excellent interview with William Kaye. The world is too short-term oriented. Real wealth is created and preserved by waiting patiently for assets to reach their intrinsic value. So the dollar will soon reach its intrinsic value of zero, and gold will reach stratospheric levels that are difficult to imagine today.
DOW hit 16,000 and the S&P500 hit 1800, NASDAQ isn't too far behind the round number of 4000, this is great all the paper people.Quote:
Originally Posted by sellersm
Anyone gone to the local coin shows? Have you guys found better deals at coin shows then buying online? Which shows would you recommend?
Thanks,
StevenP
Quote:
Originally Posted by roberth
Last time I've seen NASDAQ at 4000 was good old yr 2000.
It would be pretty huge.
It would be their trifecta, the paper markets are on the never ending spiral upwards, just like the housing market prior to 2008.Quote:
Originally Posted by MrPrena
Those of you that think PMs are the end all be all and are too smart to take profits from paper markets are missing an opportunity.