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dixiesilvergirl

Sunday night metal chat

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Happy Sunday! This is Dixiesilvergirl with Sunday Night Metal Chat, I have been talking about our metal Goals and happy to say we are steady adding gold to our stack, waiting on a new mail call as i type!  I have also spoke about how you can leave your stack for your family when you pass, What if you have no one that will take care of the stack or know how to liquidate it or maybe you have noone you want to leave it too. Have you thought about how you could liquidate it and maybe take an awesome vacation or move somewhere you have always wanted to, your plan for your stack maybe for it to pay for your retirement. You need to be sure you have a plan on how you will sell and what your responsibility in taxes could be if you do.

 

I have seen tons of articles online on how to sell your gold, like this one:

https://www.kiplinger.com/article/saving/T015-C000-S002-smart-ways-to-sell-your-gold.html

 

MTk_QU4tJcrmdUHgxlJFMX621-b_WO_e1aXQJiUtCgHie4r5MKbqJeJ5ySfmmPkQKSpq_R1XsY63jmXItYYJNrON5HqEDw-e2ga9q_PIrm6ANhU2wfxcC8wrmwJdTpUxqtG0Cjdp

 

It is important to know capital gains laws and be sure you do what you can to keep as much in your pocket for the fun you have planned!

https://www.nerdwallet.com/blog/taxes/capital-gains-tax-rates/

 

Many countries have laws in place and no matter where you live you should check out the laws to be sure,

https://taxfoundation.org/us-taxpayers-face-6th-highest-top-marginal-capital-gains-tax-rate-oecd/

I would love to hear if your plans and if you have considered any of these consequences if you are going to use your stack as your retirement income.

 

Thanks for reading and Happy stacking!

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44 minutes ago, dixiesilvergirl said:

You need to be sure you have a plan on how you will sell and what your responsibility in taxes could be if you do.

 

I could never shake the feeling that the metals i buy with what is left over after the taxman has already chopped, hacked, sliced and diced his way through my earnings, is mine, 100%. Using these leftovers, i buy the metal and accept and carry all the risks involved. I see my responsibility to keep everything as far under the official radar as possible. :ph34r::)

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Where do you think the price of gold and silver is going in the short term?   Do think there will be any good dips? 

It seems to be going up in our sad pounds.

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