What gains? The IRS cannot tax silver.
Gold. GOLD!!!!! Gooooollllllllllddddddd!!!!!!!!
- Thread starter ChesusRice
- Start date
What gains? The IRS cannot tax silver.
And what's your basis for that?
Harrekin
Well-Known Member
Name how they tax silver?
They can charge capital gains on any profit you reap, but not on the silver itself.
Just like with a stock, on the sale of the asset. If you never sell the silver or the stock, you never incur tax on it.
The main problem with your stocks other than the risk associated with gambling in the markets, is the fact that NO ONE will trade an actual physical item like food or a new car in trade for a paper stock certificate. You HAVE to convert your stocks into currency before you can use them to purchase anything.
You can just purchase anything you want with gold or silver, no conversion necessary, no IRS report, no Tax. In several states you can pay your taxes with gold and silver.
A paper stock certificate (Ever seen one of those) is WORTHLESS on its own merits.
Harrekin
Well-Known Member
Yeah cos inflation totally isn't a tax (sarc).
You seem like someone who merely raped the shit out of a high school economics book and now calls themself an expert...
If you find someone willing to accept gold and silver. The vast majority of people would not (of course, I disagree with your assertion that no one would accept stock for the same goods). And once again, the fact that you aren't paying taxes doesn't mean you don't owe tax. If you bought $5,000 worth of silver and traded it when it was worth $15,000 for a new car, you owe tax on the $10,000 capital gain in the silver, whether the transaction was reported or not.
The fact that you are a tax evader does not give merit to your investment philosophy.
You're suggesting that inflation is a tax on the value of silver or a stock? You might want to think that one over again. The stock market chart has much in common with the silver chart because asset prices reflect inflation.
Inflation erodes the value of currency, not commodities, not products, not assets, not services.
Tax evaders can get caught because they leave a trail that can be followed back to them. Gold and Silver are purely anonymous.
Everyone is a tax evader at some point, our governmental representatives even more so.
Do you stop at stop signs in the middle of the country when not a single soul is within 10 miles?
cannabineer
Ursus marijanus
~blushes~ cn
ChesusRice
Well-Known Member
They are going to do whatever it takes to keep the economy going until the patient can walk out of the hospital on it's own
Won't happen. Banks are making too much money to let it end.
ginwilly
Well-Known Member
We are eventually going to have to face higher interest rates. Our debt makes this ominous. I think devaluing the dollar is part of the game plan and I really don't agree with this. I think they up the ante but I hope I'm wrong.
OGEvilgenius
Well-Known Member
Not really possible. Higher interest rates means that debt service payments become obscene, which means that you have to print more money to pay back obligations. Both end results are horrible. We're at the end of this monetary system. A big reset is coming.
heckler73
Well-Known Member
Do you know what the Median cost of production is? That's the point to look at first.
Then factor in an inflated parameter for "executive compensation". Around 3 years ago, the average (i.e. mean) cost per Ozt was about $800.
The figures I've seen lately of $1200 do not reflect that old metric accurately, IMO.
So yes, it can and probably will go lower.
Balzac89
Well-Known Member
This morning was proof. What if it goes lower than 1200? I feel like that would really mess up production