1kilo gold bar OR 2300oz silver?

[Lord Xar]

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.

 

[Dr.3D]

The silver would be much harder for someone to steal.

 

[oyarde]

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 .

 

[FSP-Rebel]

Bitcoin

 

[William Tell]

Silver.

 

[opal]

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

 

[helmuth_hubener]

Lord Xar, what would be your purpose/reasoning for your purchase?

 

[TheCount]

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.

 

[Dr.3D]

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.

 

[TheCount]

Finding somebody who could lift a 158 pound, bar of silver would be another problem.

Delivery truck drivers have seen weirder shit, I'm sure.

 

[Anti Federalist]

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.

 

[oyarde]

Split it, in small denomination coins.

Sounds about right to me .

 

[NorthCarolinaLiberty]

Hermie: Silver? I thought you wanted gold.

Yukon: I changed my mind!

 

[P3ter_Griffin]

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.

 

[Zippyjuan]

Buying more than $10,000 at a time can trigger reporting requirements and government forms to fill out. https://www.golddealer.com/investment-guides/reportable-bullion-cash-transactions/

 

[oyarde]

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.

 

[oyarde]

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

 

[Superfluous Man]

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.

 

[FSP-Rebel]

Buying more than $10,000 at a time can trigger reporting requirements and government forms to fill out. https://www.golddealer.com/investment-guides/reportable-bullion-cash-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.

 

[oyarde]

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.