Silver Set to Soar

[bobbyw24]

http://seekingalpha.com/article/124517-silver-backwardation-prices-about-to-soar?source=front_page_most_popular_articles

 

[Josh_LA]

I'll be happy to cash out at $22 an ounce. So we'll have to wait and see.

 

[Sandra]

I'll be happy to cash out at $22 an ounce. So we'll have to wait and see.

You might want to hang on to it.

 

[Josh_LA]

You might want to hang on to it.

Might, yes. but I might need money too, so it all depends.

 

[torchbearer]

Might, yes. but I might need money too, so it all depends.

have you tried to make arrangements to use the silver as a form of payment yet?

with some local business men, they will take a silver dollar at face value.. but give you goods at the value of the silver and claim the difference as a loss.

 

[MrNick]

I heard one analyst from a video on Finance.yahoo.com talk about 35 dollars an ounce for silver....

 

[Josh_LA]

have you tried to make arrangements to use the silver as a form of payment yet?

with some local business men, they will take a silver dollar at face value.. but give you goods at the value of the silver and claim the difference as a loss.

Is that Tom Cryer's argument?

Have you actually done this?

 

[Josh_LA]

I heard one analyst from a video on Finance.yahoo.com talk about 35 dollars an ounce for silver....

obviously to bait people to buying it at $17.50 today, thinking they'll double their money.

 

[torchbearer]

Is that Tom Cryer's argument?

Have you actually done this?

Not sure about tom cryer... but we've done this with a few businessmen through-out the state.
Our former state chair of the LALP came up with the idea and started it in lafayette.
Its kinda illegal, so we don't publish it.

I will take silver at market value, but claim face value as the paid service also.
Will continue to do so until we have honest money.

 

[MrNick]

obviously to bait people to buying it at $17.50 today, thinking they'll double their money.

You don't think it'll hit 35 an ounce?

 

[tmosley]

http://seekingalpha.com/article/124517-silver-backwardation-prices-about-to-soar?source=front_page_most_popular_articles

Nice article, thanks.

 

[Josh_LA]

Not sure about tom cryer... but we've done this with a few businessmen through-out the state.
Our former state chair of the LALP came up with the idea and started it in lafayette.
Its kinda illegal, so we don't publish it.

That's what I thought.

I will take silver at market value, but claim face value as the paid service also.
Will continue to do so until we have honest money.

Why not claim you got paid nothing an write off even more loss?

 

[Josh_LA]

You don't think it'll hit 35 an ounce?

I don't doubt it, but I don't know when, and I think sometimes they say things like this just to get people to buy.

I'd LOVE for silver to be $35 an ounce, considering lots of it was bought at under $13 an ounce (all fees included)

 

[torchbearer]

That's what I thought.



Why not claim you got paid nothing an write off even more loss?

Because when i'm audited, they will see that i have what i reported.
face value.

 

[Josh_LA]

Because when i'm audited, they will see that i have what i reported.
face value.

well, then you can still take non-US mint silver rounds and claim you got nothing in monetary value.

 

[torchbearer]

well, then you can still take non-US mint silver rounds and claim you got nothing in monetary value.

I would have to claim the value of the silver as income.
If it is issue by the US government with a face value, i must claim the face value.

 

[torchbearer]

I would have to claim the value of the silver as income.
If it is issue by the US government with a face value, i must claim the face value.

Technically, it is legal.. but its dishonest.
If that makes sense.,

 

[Sandra]

Locally, we're trying to implement bullion. What happens if the dollar collapse anyway? How on eathe could banking laws still stand afterward?

 

[Josh_LA]

Technically, it is legal.. but its dishonest.
If that makes sense.,

not your fault, the law is dishonest. and ambiguous, if you were to go to court, they can still throw this out as frivolous.

 

[Josh_LA]

Technically, it is legal.. but its dishonest.
If that makes sense.,

Not to give you ideas, but I still don't understand

Why admit you accepted silver as a payment or barter at all?

Can't you say

"I gave him two loafs of bread as a donation"
"He gave me one ounce of silver as a donation" (and they won't know until they ask him).