In this video I talk about selling silver and selling gold to a coin shop. I interview my bullion dealer Dennis from Center Street Gold and Silver and he talks about selling silver to a coin shop and selling gold to a coin shop. If you want to be selling silver coins or selling gold coins then there are some laws regarding this. Selling silver bars and selling gold bars is the same thing. A 1099 IRS form may be required and we go over that. Selling silver bullion or selling silver eagles is as easy as walking into the coin shop with metals and walking out with cash. Selling golf for cash is just as easy but you might not get a great deal if you are selling gold to a pawn shop. I recommend selling your gold and silver to a coin shop or an online bullion dealer. The rules for selling gold bullion may change in the coming years and we talk about that as well. At the end of the video I talk about capital gains tax when selling bullion. If you have any questions about selling silver or selling gold then feel free to ask in the comment section!
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Topics I cover in this video: selling silver, selling gold, selling gold and silver, selling silver coins, selling gold coins, selling silver bars, selling gold bars, selling silver bullion, selling silver eagles, selling silver at a coin shop, selling gold for cash, selling gold to a pawn shop, selling gold coins for cash, selling silver and gold, selling gold bullion, selling gold and silver coins, selling gold online, rules for selling silver, rules for selling gold, laws about selling silver, laws about selling gold, selling bullion, selling precious metals
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Isn’t that double taxation? I know I’m having to pay income tax on that I’m pulling out of my gold and silver IRA. And then I have to pay tax on it again when I sell it?
Our government should not have the abusive power it is currently using against American citizens.
People should not have to “fly under the radar“ with that which is their own money, which they worked for, which they earned, which they accrued through their own respective efforts.
I find myself dealing more and more local, and individually as they become more restrictive.
Very Good video. Thank You Sir.
This was facinating. precious metals stacking is an economy working outside the banking system.
He gives you less if there is a scratch on a coin. Dont buy collectable coins. Gold is Gold and sliver is sliver whether it has a blemish or not. In the end its metal wealth not beauty wealth. Just snother way to rip you off.
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Man his voice gives me anxiety lol
What was his website?
Let them pass what they want…… WE THE PEOPLE will simply ignore them….. and if EVERYONE ignores them, that makes them POWERLESS!!! WAKE THE HELL UP PEOPLE!!!
What should they know? To maximise gains sell privately ?♂️?
They can pass whatever legislation they want to at this point. I am aware that our governments are at war with us and I will act according to that. God help me, I never thought I'd kill someone but if they come for me…
laws will change … because gold and silver prices will increase .
I'd rather buy a banh mi than gold or silver.
Or, if it comes to that point, simply refuse to file taxes. Refuse to exchange for a continuously inflated and devalued currency. Instead those who hold gold and silver including bullion and coin dealers should simply set up exchanges and markets where gold and silver are seen as currency. Why become beholden to big banks and government entities who’s deflated currency is based on debt, when we have precious metals, assets, resources and commodities that actually have value?
I wish i could afford some of that stuff,
Great, so the gold coin SD Bullion sent me with a huge dent on it will go for the round price.
Thanks SD Bullion
WHEN digital currencies are introduced into law as legal tender issued by a central bank, other methods of legal trade will be modified or made illegal. The trading of metals will take the place that bitcoin just vacated as a non-centralized consensual trading medium…..therefore most likely made illegal, but only if they can't track and tax.
What's the difference? Pay a "possible theoretical" tax in the future, or pay insane premiums on fractional gold now. Sounds like he's trying to sell his fractional.
Where is the Price of Gold going? The Ruble is up 20%(Harsh Sanctions) & So far they are only trading in Natural Gas. Wait until its Crude, Wheat, Earth Minerals….
Russia stated in March that it will pay a fixed price of 5,000 rubles ($52) per gram of gold. Today 5000 rubles is $81 (21 May 22)
Gold is not the problem, What the West is using for Money is…