I'm a total newbie when it comes to collecting silver, I'm starting a collection for long term, and my plan is to sell things on eBay to try and dodge the %20 tax. I want to sell things for a %30 profit on eBay and buy my silver with the money. To store and save. I.e buy something for 10 sell for 13 (-fees) that will give me 12 to buy silver which has only cost me 10. Would this work?
How about buying something for 1 selling for 20 and buying 1 oz silver coin on eBay with profit, and keeping the silver as an investment. I would only be paying 1 per ounce then.
Mate, we dont invest to avoid tax! We invest and work to become independent and to have choices in life. Sure, people are not throwing money INTO tax, but you cant live your life by avoiding things. Instead you need to make wise investment choices so that AFTER YOU HAVE PAID YOUR TAX you are still way ahead than if you did nothing like the rest of the people living in your street. JMHO Shiny
Ok fare point let me put it a different way. If I buy somthing for 1 and sell it for 20 then buy silver with that 20, would I have to pay tax?
And as per usual King Glum offers nothing. Cmon Dan relax, remember the good old days when you were racing around spamming the forums trying to get all those group buys happening? You remember, "the more of these 1/10th Scottsdale pieces of crap we all buy, we'll save 1c per coin". Cmon Dan, where's that exuberance gone? Turn that frown, upside down.