Menu
What's new
Find's Treasure Forums

Welcome to Find's Treasure Forums, Guests!

You are viewing this forums as a guest which limits you to read only status.

Only registered members may post stories, questions, classifieds, reply to other posts, contact other members using built in messaging and use many other features found on these forums.

Why not register and join us today? It's free! (We don't share your email addresses with anyone.) We keep email addresses of our users to protect them and others from bad people posting things they shouldn't.

Click here to register!

Need Support Help?

Cannot log in?, click here to have new password emailed to you

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

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
 
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.
Click to expand...
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.
Click to expand...
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.
Click to expand...
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.
Click to expand...
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.
Click to expand...
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 %.
 
You must log in or register to reply here.
Top