America has a little-known section of IRS tax code (Section 408(m)(3)) that generally allows you to LEGALLY transfer your IRA or 401(k) into precious metals without taxes, fees, or penalties. I didn’t qualify due my 401k was still active at my current job so no excuse to transfer (if you’re retired already or unemployed or at job change you can transfer). So, I lowered my 401K allocation to the minimum participation amount in April 2021 (stock market is trash and the Dollar is on its way out). I have diverted all that currency allocation to buying physical metal. Can’t wait for my stack weight to start competing with my ammo weight. It’s well on its way (FYI, I have A LOT of ammo).
Just as bad as the government stealing your money through taxes, is the burden it places on the assets you are able to keep. This is the perfect example of someone who wants to make a financial decision in their own interest, but is handcuffed by the rules and penalties. You don’t have to dig very deep to see that these rules are to incentivize you to invest and keep your money with Wall Street, not to invest and become wealthy yourself.
Constitutional, or junk silver as it’s also called, is one of the best investments since it is well known, known quality of manufacture, government backed, and unlike most physical silver it is a felony to counterfeit it since it’s a legit form of US Government currency. There are many other targets for counterfeit that don’t come with felony counterfeit charges. The only downside is the price is often higher than thought and you can easily pay too much due to weird advertising (advertised at face value instead of weight) and math involved to know the exact per ounce spot price + premium is not easy or intuitive. Otherwise it’s a solid investment. Prolly the best you can get for bartering in a possible future alternate economy.
I buy 20 silver dollars each month, when I first started buying them it was in the 600 dollar range, now it's almost 900 dollars for the 20, my wife thinks I'm a fool for buying these coins, we shall see in the end. I'm glad she is not making my decisions for important issues in my family,
My son's girlfriend has goat chickens ducks, my neighbor has a silo of corn and wheat. If you don't know someone to barder with, you'd better start seeking them out.
I agree. If im limited in funds now, its best to prep on fencing, animal feed, breeding etc. Im not sure if shtf why I would trade some eggs or meat for silver, whereas bartering for fruit and veg seems better
FYI, check your state tax laws. Here in CA all metal purchases below a $1500 total are taxed. Also, federally all cash purchases above $10k or totaling above $10k within 24hrs gets reported by the dealer non cash purchases reported by the bank. When it comes to selling, reporting depends on type/shape, metal, fineness, and weight. (I am no tax expert and just paraphrasing the video below. Do you own research!)
Question from a newbie. I have around 5k cash I have been saving, keeping as little as possible in the bank. Only enough to pay the bills. So for someone who has never bought precious metals, where in the heck do I buy them? 😂
There are local shops that sell it aswell as some big reliable websites. Some of the best prices are through instagram, but you have to know the reliable sellers. Let me know what your feeling, and I'll get some more info for ya 💕
Yes. Before it is relabled as Unobtainium.
🍿
Premiums going up, delivery further and further out...the two prequels to price spikes...
Gold and Silver are money. The dollar is dying. There will come a time very soon when you will not be able to "buy" money.
When the public realizes this it will be too late. It will come down to those who have Gold and Silver and those who don't.
America has a little-known section of IRS tax code (Section 408(m)(3)) that generally allows you to LEGALLY transfer your IRA or 401(k) into precious metals without taxes, fees, or penalties. I didn’t qualify due my 401k was still active at my current job so no excuse to transfer (if you’re retired already or unemployed or at job change you can transfer). So, I lowered my 401K allocation to the minimum participation amount in April 2021 (stock market is trash and the Dollar is on its way out). I have diverted all that currency allocation to buying physical metal. Can’t wait for my stack weight to start competing with my ammo weight. It’s well on its way (FYI, I have A LOT of ammo).
SD Bullion, BullionMax, PIMBEX, JM Bullion, APMEX
If you dobt hold physical metals you hold nothing.
Just as bad as the government stealing your money through taxes, is the burden it places on the assets you are able to keep. This is the perfect example of someone who wants to make a financial decision in their own interest, but is handcuffed by the rules and penalties. You don’t have to dig very deep to see that these rules are to incentivize you to invest and keep your money with Wall Street, not to invest and become wealthy yourself.
I used MoneyMetals Exchange. Got it fast too. No fuss
What good is money when there is no food to buy?
There will always be food for those with money.
False.
Grow your own or get to know someone who does and see if you can help out and pitch in.
I will be grocery shopping at my local politician's house.
Stack food and emergency supplies as well as silver. I also buy 1964 and earlier us silver coins for prepping.
Constitutional, or junk silver as it’s also called, is one of the best investments since it is well known, known quality of manufacture, government backed, and unlike most physical silver it is a felony to counterfeit it since it’s a legit form of US Government currency. There are many other targets for counterfeit that don’t come with felony counterfeit charges. The only downside is the price is often higher than thought and you can easily pay too much due to weird advertising (advertised at face value instead of weight) and math involved to know the exact per ounce spot price + premium is not easy or intuitive. Otherwise it’s a solid investment. Prolly the best you can get for bartering in a possible future alternate economy.
Silver dollars have increased in cost at least 30% in the last year, it's almost unafordable these days
Any Silver you buy today costs nothinG compared to what it will be wOrth in tHe near future 💕
I just want enough silver coins to pay property taxes so the Gubment can't take away my home
when the shit hits the fan, you'll need a shotgun to keep them away.
have several shotguns, for home protection, everyone knows how to use them, also have boxes of shells, thanks to walmart
https://youtu.be/F-mztxHgYQo Buy a shotgun
The real price. Add the spot and premium.
I buy 20 silver dollars each month, when I first started buying them it was in the 600 dollar range, now it's almost 900 dollars for the 20, my wife thinks I'm a fool for buying these coins, we shall see in the end. I'm glad she is not making my decisions for important issues in my family,
My wife thinks my silver is foolish too
It depends.
45 dollars for a silver eagle compared to the corrected value of 150 (at least) is still a bargain.
It is definitely on the “endangered list”….get it while there is still some available.
Just got a fat stack. 5 tubes filled w/ 2 Oz Scottsdale stackers. Huge sale on 10 oz bars too... tempted to fill even more.
You can't eat silver.
Silver doesn't breed.
I think goats are still a better investment.
goats = meat, cheese, milk, and fur. That can be a source for obtaining the silver.
Mike Adams says, have food, gold and or silver guns, ammo, to barder when hard times occur
My son's girlfriend has goat chickens ducks, my neighbor has a silo of corn and wheat. If you don't know someone to barder with, you'd better start seeking them out.
Silver is money. You can get whatever you need with money. Money is way more versatile than goats.
I am not saying do not have food but everybody should have some Silver for when they need more food or supplies.
False.
This is not even an argument. Thousands of years of history prove my point.
There is a being who says that the most important things in life are bought and sold for money
There is another being who says you do not need money to obtain eternal life and happiness
Who do you believe?
I believe that if you do not have physical Gold and Silver along with food and supplies you are not properly prepared for what is coming.
Spirituality is a different discussion, friend.
Again, what purpose do precious metals serve? In a crisis, the goods themselves, and the skills to use them are important.
There is no difference between spiritual or physical. Gold is a lie. Food is real.
Gold and Silver are MONEY!!!
MONEY is the most versatile unit of exchange.
Food rots. Money does not.
I agree. If im limited in funds now, its best to prep on fencing, animal feed, breeding etc. Im not sure if shtf why I would trade some eggs or meat for silver, whereas bartering for fruit and veg seems better
FYI, check your state tax laws. Here in CA all metal purchases below a $1500 total are taxed. Also, federally all cash purchases above $10k or totaling above $10k within 24hrs gets reported by the dealer non cash purchases reported by the bank. When it comes to selling, reporting depends on type/shape, metal, fineness, and weight. (I am no tax expert and just paraphrasing the video below. Do you own research!)
https://youtu.be/mPlMpTev04A
If you have a good relationship with a LCS, I bet taxes on cash purchases are non existent
Question from a newbie. I have around 5k cash I have been saving, keeping as little as possible in the bank. Only enough to pay the bills. So for someone who has never bought precious metals, where in the heck do I buy them? 😂
There are local shops that sell it aswell as some big reliable websites. Some of the best prices are through instagram, but you have to know the reliable sellers. Let me know what your feeling, and I'll get some more info for ya 💕
I read today that wallstreet silver is hiring a web developer.
Should be a good job for a fren who wants to work at home.
60 ounces will put you into the 1% of holders.
Damn, sitting on 40 now
https://youtu.be/UXENdkmapAY
Oooh shit I've got to be over 20 by now. I'm 1/3 rich!
Can you please share more info or a source on this?
https://youtu.be/UXENdkmapAY
I was wrong according to this guy.
60 oz is about the 20%
400oz is 1%
What I had seen and it may have been this video when it came out was:
41-54 oz = 20% 132-176 oz = 5% 406-541 oz = 1%
For whatever its worth I found this....scroll down to last sentence before the comments section.
https://gold-research.weebly.com/blog/how-much-gold-silver-you-have-to-own-to-be-in-top-1
Interesting. Thanks fren.
I don't know where to find the sauce its been awhile... So consider it sus.
I buy 10 oz every month