|
Forums39
Topics39,895
Posts323,757
Members26,750
| |
Most Online4,031
Dec 15th, 2024
|
|
|
Posts: 19,774
Joined: March 2009
|
|
|
|
Joined: Nov 2015
Posts: 429
Traveler
|
OP
Traveler
Joined: Nov 2015
Posts: 429 |
Debating buying gold coins. Curious if anyone is selling close to spot pricing
|
|
|
 .
|
|
|
|
Joined: Mar 2009
Posts: 19,774 Likes: 22
Traveler
|
|
Traveler
Joined: Mar 2009
Posts: 19,774 Likes: 22 |
Check out the jewelry repair shop across from Juggies next to Krave. They buy and sell gold.
|
|
|
|
|
Joined: May 2023
Posts: 83 Likes: 1
Traveler
|
Traveler
Joined: May 2023
Posts: 83 Likes: 1 |
Why buy at an all time high?
I am just curious.
Last edited by Jeff thorton; 02/13/2025 02:43 AM.
|
|
|
|
|
Joined: Nov 2015
Posts: 429
Traveler
|
|
OP
Traveler
Joined: Nov 2015
Posts: 429 |
Just keeping an eye out while Iām there. Less than 12 months ago, $2200 was an all time high.
May go higher and I have a lot of paper fiat on hand that is losing value.
|
|
|
|
|
Joined: Aug 2000
Posts: 84,231 Likes: 15
Traveler
|
|
Traveler
Joined: Aug 2000
Posts: 84,231 Likes: 15 |
Carol Hill
|
|
|
|
|
Joined: May 2008
Posts: 742 Likes: 6
Traveler
|
|
Traveler
Joined: May 2008
Posts: 742 Likes: 6 |
Money that isn't backed by gold or silver is referred to as fiat currency.
|
|
|
|
|
Joined: Dec 2004
Posts: 5,163 Likes: 4
Traveler
|
|
Traveler
Joined: Dec 2004
Posts: 5,163 Likes: 4 |
Why buy at an all time high?
I am just curious. ..and why buy in SXM? I might see selling in SXM to avoid cap gains tax
Last edited by boucharda; 02/13/2025 03:03 PM.
|
|
|
|
|
Joined: Mar 2009
Posts: 19,774 Likes: 22
Traveler
|
|
Traveler
Joined: Mar 2009
Posts: 19,774 Likes: 22 |
You realize there are limitations on amount of currency that can be transported without declaring.
|
|
|
|
|
Joined: Oct 2023
Posts: 224 Likes: 8
Traveler
|
|
Traveler
Joined: Oct 2023
Posts: 224 Likes: 8 |
I think you can legally transport a million worth but must be declared over $10,000. I usually have to make several trips to take it places.
|
|
|
|
|
Joined: Mar 2009
Posts: 19,774 Likes: 22
Traveler
|
|
Traveler
Joined: Mar 2009
Posts: 19,774 Likes: 22 |
I think you can legally transport a million worth but must be declared over $10,000. I usually have to make several trips to take it places. Now you're sounding like Kenny's. ššš
|
|
|
|
|
Joined: Oct 2023
Posts: 224 Likes: 8
Traveler
|
|
Traveler
Joined: Oct 2023
Posts: 224 Likes: 8 |
It is easier to move than a truckload of wine bottles 
Last edited by TJTrippe; 02/13/2025 08:42 PM.
|
|
|
|
|
Joined: Nov 2015
Posts: 429
Traveler
|
|
OP
Traveler
Joined: Nov 2015
Posts: 429 |
Juan Trippe understands LOL.
Yes you can invest in more than 10K but have to declare. AIso just curious to see what may be coming in from Europe. Wish I bought a few oz in Perth 20 years ago!
|
|
|
|
|
Joined: Aug 2000
Posts: 11,594
Traveler
|
|
Traveler
Joined: Aug 2000
Posts: 11,594 |
I might see selling in SXM to avoid cap gains tax If you are a US citizen that does not work at all. Worldwide income is taxable.
|
|
|
|
|
Joined: Dec 2004
Posts: 5,163 Likes: 4
Traveler
|
|
Traveler
Joined: Dec 2004
Posts: 5,163 Likes: 4 |
I might see selling in SXM to avoid cap gains tax If you are a US citizen that does not work at all. Worldwide income is taxable. Ok...so then why risk bringing cash to buy them in SXM and risk carring them home. Why not just get them at spot + in your home country.
Last edited by boucharda; 02/14/2025 02:27 PM.
|
|
|
|
|
Joined: Nov 2015
Posts: 429
Traveler
|
|
OP
Traveler
Joined: Nov 2015
Posts: 429 |
bc im looking for coins I may not easily get here in the states
|
|
|
|
|
Joined: Mar 2009
Posts: 19,774 Likes: 22
Traveler
|
|
Traveler
Joined: Mar 2009
Posts: 19,774 Likes: 22 |
If that's the case then you might pay a premium for hard to find collector coins.
|
|
|
|
|
Joined: Dec 2004
Posts: 5,163 Likes: 4
Traveler
|
|
Traveler
Joined: Dec 2004
Posts: 5,163 Likes: 4 |
My bad...I thought you were referring to gold bullion coins not collector items....makes sense to aquire those wherever you find them
|
|
|
|
|
.
