So my dad recently inherited some gold and also a form of gold flakes that need to be added to a solution to be turned back into gold. But anyway the jist of it is that this company my dad is talking to, elemental wants him to fill out a bunch of paperwork for him to basically become a dealer to make 90% over the 60% they could pay him. Does anyone know anything about any of this thay could help? I keep ttying to tell him to wait until after the election. But have any of you ever sold larger quantities of gold or ha e any insight on stuff like this? I figured id start here since i feel like this is my "place" on the internet. Thabks for any answers. We are in the begining stages of this but i need to hit my dad with any relevant information asap
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Don't sell but if you do sell privately. I hate Reddit but they have r/silverbugs that I'd buy and sell stuff on. Got lots of silver at spot. Just sell gold off 1ozt at a time, same reason I never bought a 100ozt bar, as much as I would love holding that big of a chunk of silver I don't want to be handed an IRS form when spot hits $100 per ozt. A few states changed their tax laws, might be worth jumping over the border into Nebraska to sell. Any major amounts especially in flake form or obscure minted bars and coins any buyer is going to want x-ray or other tests done.
If you know anyone who has a reputation on ebay they could offload it but people would be hesitant so plan on smaller amounts initially. Talk to a mint about pouring you some bars maybe?
I think number one rule is don't ever tell anyone, at anytime, that you have PM in your possession, but that's just me.
And remember, a safe is only as secure as your willingness to not open it when a pistol his held to your child or wife's head.
My friend spray painted a couple 100 ozt silver bars black and used them as door stops, nobody knew for years until he wanted something with the money and cashed them in. I'm a minimalist and hide a lot of shit in plain sight too.
I have no children, wife, live rural and don't have a safe. I like keeping my money in land and everything a theif would want is locked up in my truck, good luck getting into it between me and a glock and my Rottweiler mutt. Ain't nothing in there worth dying over.