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Started By
Message
Silver Investment
Posted on 10/9/25 at 10:19 am
Posted on 10/9/25 at 10:19 am
So mom invested in some silver back in the 80s. Since its recent climb to just under $50, she's ready to offload. Apparently, there's a 28% tax on silver and really any precious metals.
Is there anything Im missing or is she stuck having to pay taxes on the total amount that the silver is worth?
Is there anything Im missing or is she stuck having to pay taxes on the total amount that the silver is worth?
10
Posted on 10/9/25 at 10:28 am to Pauvetibete
shed only get taxed on the capital gains , not the total amount
Posted on 10/9/25 at 10:36 am to Pauvetibete
PMs for sale on Reddit is a good place to sell from what I hear. Man, $50 silver is here. It might become the new floor.
Posted on 10/9/25 at 10:38 am to Pauvetibete
quote:Take it to a local precious metals dealer and sell it for cash. Usually its $1 under spot for melt value and they don't take any of your info.
Apparently, there's a 28% tax on silver and really any precious metals.
NOT FINANCIAL ADVISE DONT GET ME MR IRS AGENT
Posted on 10/9/25 at 12:42 pm to Pauvetibete
Does she need the $ or have another better investment in mind? If no compelling reason to sell, consider holding and passing to heirs with stepped up cost basis.
If she intends to make charitable contributions might be able to donate precious metals in lieu of cash so charity gets full value.
If she intends to make charitable contributions might be able to donate precious metals in lieu of cash so charity gets full value.
Posted on 10/9/25 at 12:50 pm to Pauvetibete
quote:
Apparently, there's a 28% tax on silver and really any precious metals.
What? Is that true, and if so, is it in addition to any capital gains taxes?
Posted on 10/9/25 at 12:53 pm to Pauvetibete
Be aware of any impact on SS or Medicare IRMAA thresholds if applicable since capital gains increase AGI. Might also consider spreading the sale over 2 tax years (or more) sell some now some in Jan 26 if that would avoid a cliff.
This post was edited on 10/9/25 at 3:16 pm
Posted on 10/9/25 at 1:02 pm to TDsngumbo
28% is just the max tax rate (plus NIIT 3.8% potentially).
Physical precious metals are taxed as collectibles at the the tax payers marginal rate.
So, unless OP's mom would be in the 32% bracket or higher she should pay less than 28%.
That is the capital gains rate for collectibles not in addition.
Physical precious metals are taxed as collectibles at the the tax payers marginal rate.
So, unless OP's mom would be in the 32% bracket or higher she should pay less than 28%.
That is the capital gains rate for collectibles not in addition.
This post was edited on 10/9/25 at 1:03 pm
Posted on 10/9/25 at 4:14 pm to Pauvetibete
quote:
So mom invested in some silver back in the 80s.
If it’s physical, don’t you mean in 2023?
Posted on 10/9/25 at 4:17 pm to Pauvetibete
Damn, I didn’t realize it was near $50…
Best way to offload bulk pre-1964 dimes and quarters?
Best way to offload bulk pre-1964 dimes and quarters?
Posted on 10/9/25 at 5:50 pm to Lsut81
Depends on the condition …. better or worse than “average circulated”?
I may be interested in….
I may be interested in….
Posted on 10/9/25 at 5:59 pm to cadillacattack
quote:
Depends on the condition …. better or worse than “average circulated”?
Would have to go through and look. Last time I did I was just sorting and that was prob 8-10yrs ago.
Hit me up off here
Username at gmail
Posted on 10/9/25 at 8:54 pm to Pauvetibete
Hold that physical silver baw! It’s just about to get interesting. Shorts taking a fricking beating
Posted on 10/10/25 at 7:41 am to mooseofterror
quote:
Hold that physical silver baw! It’s just about to get interesting. Shorts taking a fricking beating
Why? Its at all time highs, why not offload a portion of a holding?
Posted on 10/10/25 at 8:00 am to Lsut81
quote:Everything is always at an all time high against fiat currency. It’s not even close to an all time high against gold. It’s still historically cheap against most stores of value.
Its at all time highs
People really need to get out of the habit of viewing the US dollar as their baseline for performance. My lawn chairs from 2011 are at an all time high against the dollar.
This post was edited on 10/10/25 at 8:05 am
Posted on 10/10/25 at 7:26 pm to TorchtheFlyingTiger
quote:
OP's mom
First time I've ever seen that phrase on the Internet and it wasn't an insult.
Posted on 10/10/25 at 8:52 pm to Pauvetibete
The dealer is only required to fill out a form if you sell 1,000 or more oz of silver.
Do with that what you see fit...
We finally broke the final resistance and it will be on the rocket ship so now is not the time to sell but you do what you need to do.
Do with that what you see fit...
We finally broke the final resistance and it will be on the rocket ship so now is not the time to sell but you do what you need to do.
Posted on 10/11/25 at 6:16 am to beaverfever
quote:
People really need to get out of the habit of viewing the US dollar as their baseline for performance.
Ok, lets compare against the S&P
The returns over the last 20yrs are something like 2k% to 900% aren't they?Posted on 10/11/25 at 6:17 am to Pimphand
quote:
We finally broke the final resistance and it will be on the rocket ship
Again, why?
And this coming from someone who has a shite ton of physical silver laying around.
Posted on 10/11/25 at 9:37 am to Lsut81
quote:
Again, why?
And this coming from someone who has a shite ton of physical silver laying around.
Silver is mined out of the ground at a 7:1 ratio with gold yet you can buy 79.8oz of silver per oz of gold that will correct to more historical norms once the rigging game at the LBMA and COMEX collapse. You mix in the fact that industrial demand due to silver's hyperconductivity is far outstripping mine production and a shortage is coming soon to the lamestream fake media near you which will trigger the sheeple into panic buying which will cause additional pressure.
The charts are all lining up for a move to $600oz in April 2029.
The depth of the cup is equal to the vertical height of the 30-year ascending channel. Elegant technical analysis would give us a measured move hit right at the top rail around $666 in April, 2029.
$50 is the new floor of the next secular bear market we're going to go ripping to the tune of 12x during the panic of the current global financial crisis. Sell now for all I care you will just be leaving crazy gains on the table if you do. Remember from Jan 2000-Dec 2010 the DJIA moved sideways for an entire decade and during that time silver went from ~$5.25 to ~$30. This crisis will make the dot com bubble look like child's play...
This post was edited on 10/11/25 at 9:38 am
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