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Thread: 1kilo gold bar OR 2300oz silver?

  1. #1

    Default 1kilo gold bar OR 2300oz silver?

    Your thoughts?

    Lets just say I was in the market to unload some cash. Would you go 1kilo of Gold ~$19,400 OR an equal value in silver, which is around 2300 oz's of silver.



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  3. #2

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    The silver would be much harder for someone to steal.

  4. #3

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    I would not buy gold any larger than 1 Oz and probably smaller . That much silver , probably some 10 oz bars and the rest in coins .

  5. #4

  6. #5

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    Silver.
    Freedom index

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  7. #6

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    Gold.. if just for the volume aspect.. much easier to transport/hide.. takes up less space than the silver
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  8. #7

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    Lord Xar, what would be your purpose/reasoning for your purchase?
    The rebel of the 21st Century will be old-fashioned.

    No enemies to the right

  9. #8

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    I would say that the two problems with the single bar are that 1) if you were to need -some- of that money in the future it will be less flexible, and 2) finding a single buyer for a $20,000 bar is going to be more difficult than finding buyer(s) for a pile of coins.
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  10. #9

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    Quote Originally Posted by TheCount View Post
    I would say that the two problems with the single bar are that 1) if you were to need -some- of that money in the future it will be less flexible, and 2) finding a single buyer for a $20,000 bar is going to be more difficult than finding buyer(s) for a pile of coins.
    Finding somebody who could lift a 158 pound, bar of silver would be another problem.

  11. #10

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    Quote Originally Posted by Dr.3D View Post
    Finding somebody who could lift a 158 pound, bar of silver would be another problem.
    Delivery truck drivers have seen weirder $#@!, I'm sure.
    Quote Originally Posted by silverhandorder View Post
    I think [Trump] is going to cut the budget.
    Quote Originally Posted by Mordan View Post
    I give Trump 1 year to put [Clinton] in jail. See you in January 2018 about this issue.
    Quote Originally Posted by dannno View Post
    [Paul Ryan being kicked out of speakership] happens soon after the vote fails.
    Quote Originally Posted by dannno View Post
    Why do you try to disprove actual real evidence by discussing the views of the person who compiled it? That doesn't make any logical sense.

  12. #11

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    Quote Originally Posted by Lord Xar View Post
    Your thoughts?

    Lets just say I was in the market to unload some cash. Would you go 1kilo of Gold ~$19,400 OR an equal value in silver, which is around 2300 oz's of silver.
    Split it, in small denomination coins.

  13. #12

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    Quote Originally Posted by Anti Federalist View Post
    Split it, in small denomination coins.
    Sounds about right to me .

  14. #13

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    Hermie: Silver? I thought you wanted gold.

    Yukon: I changed my mind!





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  15. #14

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    That is a tough one to relate to. I've always been a silver guy because it has fit better into my budget. But if I had that kind of cash laying around and I was satisfied with my investments in productive assets I'd probably go with the gold. Assuming this isn't a monthly conundrum you could stack 2300 ounces of silver over a time-frame in the future if you decided to whereas you can't buy a part of a 1 kilo bar on a monthly basis.

  16. #15

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    Buying more than $10,000 at a time can trigger reporting requirements and government forms to fill out. https://www.golddealer.com/investmen...-transactions/
    "The only thing we have to fear is.... fear itself!" Franklin Delano Roosevelt.
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  17. #16

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    Forms 1099B and 8300 are easily avoidable . 1099B just has to be more than 24 hours while you split the purchase ( cash) , 8300 is also 24 hours . These only apply to actual cash and money orders , not checks or wire transfers.
    Last edited by oyarde; 03-14-2017 at 01:27 PM.

  18. #17

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    As of July 1 2016 , there is no tax in Indiana on coins .

  19. #18

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    Right now, Silver. I'd also consider Platinum. And if buying just one metal would result in my total holdings of precious metals being too heavily weighted to just that one, then I would divide it up.

  20. #19

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    Quote Originally Posted by Zippyjuan View Post
    Buying more than $10,000 at a time can trigger reporting requirements and government forms to fill out. https://www.golddealer.com/investmen...-transactions/

    That's why you go to a private dealer, like the one many of us have been going to for years. Any potential requirements all reside on his end as it's a purely cash deal and out. I'm big on bitcoin but if I had to pick a bigger upside between gold and silver, it would be silver hands down. Yet, the rarity and potential for bitcoin out-does metals. However, considering this is a likely off the books cash purchase it would likely have to be a metals purchase unless you can find a BTM that would process that kind of cash w/ on hand BTC or locate a private seller on localbitcoins that would feel comfortable engaging in such a transaction in person.

  21. #20

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    The 1099b is not a serious offense ( 50 dollar fine ) . The other is . As FSP Rebel pointed out , hopefully everyone already has a dealer they have been doing business with . I am exempt because I do not really fool with bullion . There is no money in bullion for the dealer.

  22. #21

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    Quote Originally Posted by Zippyjuan View Post
    Buying more than $10,000 at a time can trigger reporting requirements and government forms to fill out. https://www.golddealer.com/investmen...-transactions/

    Posted not as a service to anybody here, but furiously looking for any little thing to discourage people here.
    Quote Originally Posted by TheCount View Post
    ...I believe that when the government is capable of doing a thing, it will.
    Quote Originally Posted by Zippyjuan View Post
    I do think that ID should be required for certain things like carrying a concealed weapon...




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  23. #22

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    The gov. taxes large gold bars.

  24. #23

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    Quote Originally Posted by Lord Xar View Post
    Your thoughts?

    Lets just say I was in the market to unload some cash. Would you go 1kilo of Gold ~$19,400 OR an equal value in silver, which is around 2300 oz's of silver.
    Silver, hands down.

    BTW, if you want to buy gold in such quantities, it would behoove you to buy casting shot. It is the closest to the commodity price you are likely to find, beside what an ignorant and mostly senile grandma might ask.
    Through lives and lives shalt thou pay, O' king.

  25. #24

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    Quote Originally Posted by helmuth_hubener View Post
    Lord Xar, what would be your purpose/reasoning for your purchase?
    Seeing as how you have not shared your objective, I cannot give you good advice at this time.
    The rebel of the 21st Century will be old-fashioned.

    No enemies to the right

  26. #25

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    But thank you for the thread, to get people thinking about buying gold or silver! Which is a good thing, in my opinion.
    The rebel of the 21st Century will be old-fashioned.

    No enemies to the right

  27. #26

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    Quote Originally Posted by helmuth_hubener View Post
    But thank you for the thread, to get people thinking about buying gold or silver! Which is a good thing, in my opinion.
    I do it daily , because it is fun .

  28. #27

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    Quote Originally Posted by kfarnan View Post
    The gov. taxes large gold bars.
    Metals are taxed as "collectables" which has a 25% tax rate on profits vs as low as ten percent for long term capital gains. Your state may add sales tax on the purchase too.
    "The only thing we have to fear is.... fear itself!" Franklin Delano Roosevelt.
    "Be afwaid. Be berry afwaid" Donald Trump.

    The optimists built this country and made it great- not the fearful. Fear can only destroy.

    I am Zippy and I approve of this post. But you don't have to.

  29. #28

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    Not all metals are taxed. Only certain weights and amounts are reported in 1099B. Just telling bold lies.
    Last edited by kfarnan; 03-17-2017 at 02:28 PM.

  30. #29

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    Silver, as its undervalued relative gold based on the GSR.


  31. #30

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    Quote Originally Posted by Zippyjuan View Post
    Metals are taxed as "collectables" which has a 25% tax rate on profits vs as low as ten percent for long term capital gains. Your state may add sales tax on the purchase too.
    You must love being taxed.

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