Recent Posts

Pages: [1] 2 3 ... 10
1
The Speakeasy / Re: Sunday night metal chat by dixiesilvergirl
« Last post by saburus76 on September 21, 2018, 03:49:54 pm »
Gold is the money of Kings. Silver is the money of Gentlemen. Barter is the money of Peasants, while debt is the money of Slaves.
2
Silver Stacking Tips / Re: Tracking Silver & Gold With Excel
« Last post by JLG on September 10, 2018, 01:29:49 pm »
Thank you very much  8)
3
The Speakeasy / Re: Where is everybody from?
« Last post by Rob6 on August 14, 2018, 06:30:25 am »
Hi to everyone in the group,
I'm a newbe collector/stacker in a small way, and found the group after obtaining a beautiful from "Silver to Burn".
I'm a retired, grumpy old git, from South Wales, U.K. and pleased to be part of the gang.
Cheers
5
Poured Silver / Re: Tonight's Pour - my first full 10 oz
« Last post by Silver Mac on June 18, 2018, 03:06:25 pm »
I just joined the Metals Mafia,so I'm a little late on this post but those pour lines are awesome. Nice job!
6
The Speakeasy / Re: Sunday night metal chat by dixiesilvergirl
« Last post by Dixiesilverminer on June 03, 2018, 04:40:41 pm »
Happy Sunday! I hope everyone is doing well and that your metal plan is on track. We were talking about do you have a sell number? After all don’t they say everyone has their price.


 If precious metals finally go up as so many predict the day is coming. What is the magic number that would get you to sell? if you sell what would you buy or do with the proceeds? We have talked a lot about it, we don’t have a set number, we have  no plans to sell unless it is needed.

Although the idea of needed can be subjective and can also be replaced with wanted, just recently we saw a post where the seller wanted a Nintendo Switch and another where they needed new tires. It is cool to see people using their stack to fund large ticket purchases instead of adding to their debt, to have the freedom to make those purchases with the wealth they had stacked.  We also love to see trades or purchases made with metals, Have you ever paid for something with silver? When our melting furnace got fried, we sold some metal and ordered a new one in a couple of days, it was a nice feeling to have that freedom.
 We have done several metal for metal trades and it is always fun. I would love to hear your thoughts on what would make you sell. Thanks for reading and Happy Stacking!
7
The Speakeasy / Re: Sunday night metal chat by dixiesilvergirl
« Last post by Dixiesilverminer on May 27, 2018, 04:30:24 pm »
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



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!
8
The Speakeasy / Re: Sunday night metal chat by dixiesilvergirl
« Last post by Dixiesilverminer on May 20, 2018, 04:38:57 pm »
Happy Sunday! It is time again for us to discuss metal plans, stacking strategy and goals.

We had a good week and have added a few more grams of Gold to our stack along with some more melting metal, we are very happy with our progress and feel that our goals are on track to being met. How is your plan holding up? Have you had to make any changes? Are you focusing on something special you are stacking? For us we are still stacking Gold as our main stack, mainly due to storage ease as we also have to store our melting metal, pieces in progress and completed pieces,

Last week I talked about the importance of making someone knows the full scope of your stack and it’s real value so that your heirs really get what you leave them, This is a tough call on letting someone know what you have with balancing security of your stack. Too many people know and it could be an issue, ideally the one you tell should be the one that will receive it or at the least distribute.

I briefly talked about estate planning so the government doesn’t take a large share, and so I did a little more research and learned the United States Federal government imposes an estate tax not an inheritance tax, this means the estate pays these taxes before the balance is distributed to the heirs.If an asset is left to a spouse or a federally recognized charity, the tax usually does not apply. And there is a federal gift amount that is exempt that changes year by year. It was $5.5 Million on 2017 but More than doubled for 2018 and is currently $11.8 Million. In addition, Some states do impose the inheritance tax Currently in the United States, 12 states and DC have some form of an estate tax here is a list I found(https://www.jrcinsurancegroup.com/the-complete-list-of-states-with-estate-taxes-updated-for-2018/) purely from google search and do not endorse anyone on this subject, i am just sharing my thoughts and journey as I research. This lists each state that currently charges estate taxes and the dollar amount of the state’s exemption to help you determine if your heirs are facing an additional estate tax liability. Keeping in mind this is for the total estate not just the precious metal values.
Connecticut – $2,600,000
District of Columbia – $11,200,000
Hawaii – $11,200,000
Illinois – $4,000,000
Oregon – $1,000,000
Maine – $11,200,000
Maryland – $4,000,000
Massachusetts – $1,000,000
Minnesota – $2,400,000
New York – $5,250,000
Rhode Island – $1,537,656
Vermont – $2,750,000
Washington – $2,193,000
Luckily for most people the exemptions are high enough so it is not an issue but reviewing this sooner rather than later is a good idea, especially if you live in any of the states listed above. And Each state has a different structure and fee schedule so you should check that out also For example, Pennsylvania imposes an inheritance tax in the form of a percentage of the value of a decedent's estate. Rates vary depending on your relationship to the decedent. Interestingly, Spouses and any children under 21 don't pay the tax, however direct descendants(ie, Grandchidren)  pay 4.5 percent, siblings pay 12 percent and unrelated people pay 15 percent. This is all something you should consider when planning your legacy, unless your entire treasure is lost at sea in a boating accident(which happens a lot I have heard) it is best to minimize the loss to your heirs and plan for what their taxes could be. 
In Comparison the USA is the 4th highest estate taxes globally as shown in the table provided by https://taxfoundation.org/estate-and-inheritance-taxes-around-world/
Table 1. Top Estate or Inheritance Tax Rates to Lineal Heirs in the OECD




Ranking
Country
Tax Rate
1
Japan
55%
2
South Korea
50%
3
France
45%
4
United Kingdom
40%
4
United States
40%
6
Spain
34%
7
Ireland
33%
8
Belgium
30%
8
Germany
30%
10
Chile
25%

So if you are reading this no matter where you live, it would be wise to spend a few minutes on a little research and for some of you to get a professional consultant to make sure things are in order. Most importantly always store your metal on your Boat!
https://media1.tenor.com/images/9bc4e49a8b998bcda5c48fdbbc3276ca/tenor.gif?itemid=8040162


Thanks for Reading and Happy Stacking!

9
AG Randall / Re: Doctors
« Last post by mikegpo on May 20, 2018, 07:28:28 am »
Most often their guesses are what save our lives tho Randy !!!
10
The Speakeasy / Re: Sunday night metal chat by dixiesilvergirl
« Last post by Qwickdraw502 on May 13, 2018, 06:21:23 pm »
Hello everyone. I'm new to this site and new to the stacking community as a whole. I just placed my first order and I can't wait until it gets in. Probably a little much for a first order, but I've been on the fence watching for a while and decided to dive in head first. I was first introduced to stacking a few years ago. I had a small stack of American Silver Eagles, American Buffaloes, and some other generic rounds. I bought them all from a local coin dealer for a horrible price. The guy really did a number on me. I didn't know any better and he took full advantage of that. About a year later I fell on hard times and had to sell. Still knowing just as much about selling as I did buying, the same guy took me for another ride. What can I say, you live and you learn.
I've been wanting to get back in for a while, but wanted to make sure I was more informed this time. After a lot of market watching, YouTube watching, studying, saving, and planning I decided it was time. I'm confident now that I can make much better decisions. I'm coming back in with more knowledge and a plan. I'm just looking for a way to preserve my wealth (and I'm using the term "wealth" very loosely here), hopefully have something to pass down to my kids, and have a little fun in the process. I know that there's still a lot that I don't know, and as far as my plan, well I guess time will tell. I'm sure I didn't stay on topic, but here's my intro to the group.
Pages: [1] 2 3 ... 10