I'd rather have the silver than exchange it for fiat currency.
This profit thing confuses me a bit.
I guess given the saying that, you earn in dollars, you spend in dollars, you save in silver (or other PM) it makes since that you have to convert you silver into fiat dollars in order to spend, (take profit)
I took a bunch of profit yesterday with pan American silver calls. They were expiring in mid Jan so I was getting ready to sell them either way,it worked out nice.
take some profit!
I'd rather have the silver than exchange it for fiat currency.
This profit thing confuses me a bit.
I guess given the saying that, you earn in dollars, you spend in dollars, you save in silver (or other PM) it makes since that you have to convert you silver into fiat dollars in order to spend, (take profit)
I took a bunch of profit yesterday with pan American silver calls. They were expiring in mid Jan so I was getting ready to sell them either way,it worked out nice.
I'm still holding calls for March.
Id say sell if you arent holding physical and try to get some physical.
I have way more than I can carry.
I would imagine Cap Gains taxes hit pretty hard there?
Yes,the no tax on overtime,should help me pay it.