September 22nd, 2023 at 8:39:01 AM
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I just saw Gold Bars in the news under some kind of ABSCAM charge against a sitting U.S. Senator and they said the 3 gold bars are worth $150K. It looks like a 1 kg gold bar is worth 5/8ths of $100K or around $62.5K so three of them would be around $187.5K, closer to $200K. Anybody buy gold bars with their gambling winnings? I figure the IRS would want to know when the gold is sold, so whoever sells it to you has to report it.
September 22nd, 2023 at 9:56:16 AM
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I have dozens of these
there is no requirement to register or report gold bullion upon purchase or sale, unless I suppose the buyer hands you over > 10K cash or you use over >10K cash at a time to buy them.
I keep a small number at home, most in a safety deposit box.
I believe the requirement that US citizens obtain any kind of special license to own gold bullion ended fifty years ago.
there is no requirement to register or report gold bullion upon purchase or sale, unless I suppose the buyer hands you over > 10K cash or you use over >10K cash at a time to buy them.
I keep a small number at home, most in a safety deposit box.
I believe the requirement that US citizens obtain any kind of special license to own gold bullion ended fifty years ago.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
September 22nd, 2023 at 10:56:27 AM
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That’s the ugliest gold boullion coin IMO.
I have Roos and Krugs. The Roos are beautiful 99.9% gold. Krugs are just classic
I have Roos and Krugs. The Roos are beautiful 99.9% gold. Krugs are just classic
It’s all about making that GTA
September 22nd, 2023 at 11:34:52 AM
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Quote: MDawgI have dozens of these
there is no requirement to register or report gold bullion upon purchase or sale, unless I suppose the buyer hands you over > 10K cash or you use over >10K cash at a time to buy them.
I keep a small number at home, most in a safety deposit box.
I believe the requirement that US citizens obtain any kind of special license to own gold bullion ended fifty years ago.
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I think the only requirement is to report the profit if you sell it for more than face value, but I haven't checked lately.
May the cards fall in your favor.
September 22nd, 2023 at 11:35:25 AM
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No gold bars for me, but I do have a rather extensive collection of engravings showing the visage of famous Americans and related images.
"What, me worry?"
September 22nd, 2023 at 5:07:10 PM
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My Aunt gave me a $20 Liberty for my Confirmation and told me I'd never be broke as long as I had it. I still own it, and have picked up some gold coins over the years. I like the $5 Indians, and the modern one-ounce coins. I've had a couple of 100-ounce silver bars but never owned any gold bars. I still own over fifty Silver Strikes.
The older I get, the better I recall things that never happened
September 22nd, 2023 at 5:42:07 PM
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Yes I've heard that sort of thing, such as from my grandmother. "Keep this in your wallet and you'll always have money." I assume your aunt meant it in the same way as my grandmother, as a sort of money begets money, good luck or good energy flow thing. Although I suppose it would be true literally too.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/