Home › Forums › Financial Markets/Economics › Silver down-just bought some more
- This topic has 9 replies, 6 voices, and was last updated 7 years, 10 months ago by HLS.
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December 11, 2015 at 6:50 AM #21808December 11, 2015 at 6:55 AM #792453CoronitaParticipant
with the markets behaving the way they are behaving,i am sure glad i took money out of the market and paid off most of my mortgage. Paying off 2.5% is still better than taking a -xx% which is most likely would have happened to me.
I can’t wait until I’m debt free again…Then I’ll just wait and collect my paycheck and rent checks until the next great opportunity, whenever that will be.
December 17, 2015 at 7:36 AM #792624moneymakerParticipantJust bought some more SLV at $13.04, lowest price for silver in a while. Lowest since 2009
December 17, 2015 at 7:47 AM #792625The-ShovelerParticipantGets below 10 I think will buy a another small amount, bought a little at 15 (was not a good Idea in retrospect).
The thing I like about Silver is it is a industrial metal as well as a paper money panic metal.
The thing I don’t like about Silver is it is a by-product metal (they get it from copper and iron mines and sell it for a few extra bucks).
December 17, 2015 at 8:01 AM #792628livinincaliParticipantProblem with silver is the last time it went into a bubble it sat around $5/oz for a couple of decades after the bubble burst. Silver might have a solid floor at 10 or something this time but I don’t know that it has a bunch of upside either.
December 17, 2015 at 10:01 AM #792635scaredyclassicParticipantMany believe it will be $100 /oz. Within a generation.
December 18, 2015 at 11:06 AM #792687moneymakerParticipantYeah, you might be right, maybe I should cancel my sell order for $15 and change.
May 24, 2016 at 5:55 AM #797958moneymakerParticipantSo i did sell my paper silver and made a few dollars per ounce/share, just realized though that when I sell my hard silver bullion I will not have to pay taxes on the gains. Am i missing something or is this a really good way not to pay taxes on gains. Know I will pay transaction fee but that will still be less than income/capital gains taxes. I bought at $1 over spot and will sell at 75¢ below spot hopefully.
May 24, 2016 at 6:00 AM #797959CoronitaParticipant[quote=moneymaker]So i did sell my paper silver and made a few dollars per ounce/share, just realized though that when I sell my hard silver bullion I will not have to pay taxes on the gains. Am i missing something or is this a really good way not to pay taxes on gains. Know I will pay transaction fee but that will still be less than income/capital gains taxes.[/quote]
Well, you are suppose to report your gain. Just like you’re suppose to report sales tax for internet purchases.
And, if you leave such gold/silver/bullion to your kids, you’re suppose to report that as part of your estate.
Yes, you’re suppose to do all of that….
May 24, 2016 at 8:34 AM #797961HLSParticipantIf you are happy taking profits and want to create income from SLV position, are you familiar with selling
covered calls against your holding ?SLV 15.50 at the moment
July 15.50 gets you 66c
July 16.00 gets you 45c
53 days from nowJanuary 16.00 gets you $1.25
242 Days from now -
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