What's the point of investing in metal if you have to pay a sales tax and premium? You're taking an immediate ~12% loss. These same people are gloating that the S&P500 took a 9% loss.
What's the point of investing in metal if you have to pay a sales tax and premium? You're taking an immediate ~12% loss...
Juan Barnes
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Daniel King
pmg trannies just want you to lose money. I bet 90 % of all pmg poster are just bots or some discord trannie. Mixed in with their kiked preaching of christanty and hatred for crypto.
Asher Jenkins
Just buy synthetix and trade synthetic metals on kwenta. They are going to have sOil, sGold, and sSilver soon.
Owen Richardson
I logistics and trust issues of gold/silver is what puts me off
Anthony Collins
Buy and keep your metals in jurisdiction where there is no VAT. Simple as.
Nathaniel Nguyen
I don't pay any taxes and I can easily get the premium back when i sell.
Jason Bailey
they bet on a crash
Ayden Perez
>sSilver
so there won’t be overheads involved in procurement, storage, etc. or are they going to buy from comex?
Ryder Diaz
See: archive.wakarimasen.moe
^ ^ ^ ^ ^ That's the point.
Dessu. Just replace "trannies" with jews, and "discord" with JlDF shill center.
Christopher Russell
>pay a sales tax
Ryan Martin
It's smart contract enforcement. You and a counter party. So say you spend 1000 dollars on silver and it goes up 50 percent. You can sell it for 1500 whenever you want. It has a chainlink oracle price feed backing it. There is a debt pool that gets created by stakers (the counter party) and any winning trades take from them. Allows for up to 10x leverage too.
The chainlink oracle is simply just quoting a price feed. The exchange stays solvent by over collateralization. The stakers make money from trading fees and trader losses.
Christian Martin
>not owning paxg
not only did I not pay a premium, I get interest on it too
Easton Rivera
explain the automated process for silver procurement verification by oracle
Juan Roberts
its not backed
its literally in the name... synthetic
buy physical silver with crypto profits and build a stack
this is what the jew fears most
our coinage (USA and most countries) used to contain silver.
wonder why that stopped
monetary debasement?
probably not...
the central banks wouldn't do that
Owen Powell
not everywhere charges sales tax on pms. also the point is to hold real wealth and not digital nothing.
Jackson Ward
gold is okay at holding wealth not creating it. it can only create it today if countries go back to the gold standard. its the people who arent open minded to all things who get burned in the end. btc went from pennies to now almost 70k...and here you are calling it digital nothing while i am in the process of buying a house because of my crypto. but yeah good luck with your logic im sure youre closer mind will really help your life.
Liam Lewis
buying $1000 or more metal in my state is tax free
and people like you bitch about muh premiums but happily pay all the crypto fees without even thinking about it
Charles Price
gold/silver are literally trustless assets, doofus
Jackson Cooper
>happily pay all the crypto fees without even thinking about it
the fees are barely a couple of dollars worth as long as it's not eth related
Jayden Gutierrez
Some states exempt precious metal purchases from sales tax, I know Florida is one.
Sadly my current state isn't one of them. You can still avoid sales tax buying online, but that's getting harder these days.
I invest some of my money in gold and silver, but they are a bit of a meme too. Not that there aren't periods where PMs do better, but historically you've got better returns over the long run putting your money in mutual funds than in metals.
Samuel Murphy
Joshua Evans
Oh hey, it's the guy who posts comparisons of stock vs gold returns using charts that begin at the peak of stock market bubbles.
Pick any random date in the last hundred years and 9 times out of 10, stocks will yield better returns than gold during that period. Not to say PMs are a terrible investment because they're not. They just haven't offered the best returns historically compared to mutual funds.