Long Position on Silver and Gold?

[Sawin]

Larger dealers will give you 1099B form upon transaction larger than $10k - but again this applies to any object/futures/stock you sold beyond this amount. Most dealers I deal with only deal in cash or simply don't care. It is your duty to report your 'profit,' not dealers'

PS I might be outdated on the number as I heard IRS is updating the requirement down to merely few hundred bucks.

Thank you, Ken. This is precisely what I'm seeing online as well, so it's evidently a very gray and evolving area... I've heard $600, $10,000, 1000oz of silver, 25 oz of gold, and sundry other numbers... I'm just trying to find out which it is for real.