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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Just me, but I would resist filling our anything. Especially government paperwork. Here is a link to a California company that you can buy from and sell to that discusses what, when and where gold transactions are considered "reportable". Don't know anything about the gold flakes you are talking about though. This is about bullion. https://www.golddealer.com/investment-guides/reportable-bullion-cash-transactions/