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Gold...sell or hold ?????

Maybe you can Join a Large Coin Club in your area and attend a few meeting to see what goes on . Our Club is 50 years old and Member's have a Privilege to put Currency and Coins in the Auction /with No Fee/ We might have 35-40 Auctions ,also we have a chance to buy Raffle tickets and the Club put's up for Auction 9/10 Silver Peace or Morgan Dollar's and the 10th Coin in the Auction is a $5.00 Gold Coin. Every Paid up Member ship each year gets a Free Whitman Coin Book while they Last from the Order . Membership due's are $ 15.00 per year. We ask member to help Volunteer at the meeting on setting up and tear down the table/ Chairs . We have a Large Coin Show every year at Valentine and it's well attended. That's how we are able to give out the Yearly Red Coin book Value over $ 15.00. goldnugget/Charlotte,N.C. Member Since 1988
 
WaterWalker said:
Some of us have asked the same thing when gold hit 800, then 1000, then 1200, 1500, 2000, now 2400 how about 3000?
If you don't need the cash, I would hold onto it. When you do sell, never look back. The hobby has paid for itself, enjoy it.
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You do realize you will owe taxes at your current rate or a max of 28 percent. Sleepy joe changed the rules so any sale over 600 bucks will be subject to federal tax. I guess it is up to you to determine cost basis. Someone has to pay for government overspending.
 
autopilot42 said:
You do realize you will owe taxes at your current rate or a max of 28 percent. Sleepy joe changed the rules so any sale over 600 bucks will be subject to federal tax. I guess it is up to you to determine cost basis. Someone has to pay for government overspending.
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To bad cash is king still I sold mine to a friend cash no paper trail screw them it’s found silver and gold .
Mark
 
autopilot42 said:
You do realize you will owe taxes at your current rate or a max of 28 percent. Sleepy joe changed the rules so any sale over 600 bucks will be subject to federal tax. I guess it is up to you to determine cost basis. Someone has to pay for government overspending.
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Sold jewelry that is personally owned at a loss compared to the retail value. Hmmm ... could get an appraisal for insurance valuation and claim sales at a loss.
 
autopilot42 said:
You do realize you will owe taxes at your current rate or a max of 28 percent. Sleepy joe changed the rules so any sale over 600 bucks will be subject to federal tax. I guess it is up to you to determine cost basis. Someone has to pay for government overspending.
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I certainly hope Trump's gives us seniors the gift.
Of no more tax's.
As he said.
We've paid our dues !!!
 
I've always sold my gold & silver as I needed it. I already have a footlocker full of finds to keep. I sell and use it to fund the newest detector for testing. It is what I enjoy. I do keep my old silver coins. Mostly seateds and older.
 
fwcrawford said:
Yep… I have heard of that too in my State.. Virginia.
First started seeing it at gas stations.. now restaurants are doing it too.
Only good point is that some card companies offer cash back.
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Sure they will give you 3-5% back, hoping you can't pay the balance off in full each month ,so they can nail you with 20 to 30 percent on the average Dailey balance. Nice of them to offer 5 %.
 
autopilot42 said:
You do realize you will owe taxes at your current rate or a max of 28 percent. Sleepy joe changed the rules so any sale over 600 bucks will be subject to federal tax. I guess it is up to you to determine cost basis. Someone has to pay for government overspending.
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so sell $600.00 at a time
Mark
 
Southwind said:
I've always sold my gold & silver as I needed it. I already have a footlocker full of finds to keep. I sell and use it to fund the newest detector for testing. It is what I enjoy. I do keep my old silver coins. Mostly seateds and older.
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I do the exact same thing save all my seated capped flowing hairs lol jk on the flowing
Mark
 
If the economy gets better then the dollar value should rise and then the gold price should come down. This like stocks, bonds, houses, land, everything is a gamble. The question of selling is- will the gold price go up or down and how much compared to selling and investing the cash into something else.
Gold prices are up but so is the cost of almost everything so you may not be gaining anything by selling now compared with several years ago. Just as a house I sold doubled in price so did the one I bought.
 
BW said:
Sure they will give you 3-5% back, hoping you can't pay the balance off in full each month ,so they can nail you with 20 to 30 percent on the average Dailey balance. Nice of them to offer 5 %.
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That is true, but with the card comes responsibility and common sense… many folks lack both!
Me, I do not have that problem.
 
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This chart speaks for itself, gold will go up and gold will go down but in the long term it will continue to climb.
{2656EF68-BCBB-4820-BE05-4B5B113B22AF}.png
 
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