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

[Mark kus]

I sold one gold ring this year saving the rest and sold 6 pounds of silver to buy a new outboard motor to get me to new spots to hunt!
Mark

 

[goldnugget]

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

 

[Donna(NJ]

I'd sell it so fast, the gold would melt from the friction of getting it to the buye

 

[autopilot42]

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.

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.

 

[Mark kus]

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.

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

 

[tvr]

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.

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.

 

[Odanscoils]

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.

I certainly hope Trump's gives us seniors the gift.
Of no more tax's.
As he said.
We've paid our dues !!!

 

[D&P-OR]

I certainly hope Trump's gives us seniors the gift.
Of no more tax's.
As he said.
We've paid our dues !!!

Waaay over paid our taxes!!!!!!

 

[Southwind]

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.