So GLPers are silertards? How come you don't want to do away with capital gains tax then so you don't have to pay tax on your silver profit

Silver is the one and only major stock (other then playing around with penny stocks) or investment I've been involved in over the years. Always fealt comfortable, never nervous.

Yea but you have to pay tax on your gains (even though you shouldn't if you consider silver money, you are just saving YOUR EARNED money from inflation).

So don't you want to get rid of the capital gains tax so you don't have to pay 15-35% tax on your gains?

I'd have to sell it first in order to generate the taxable gain. Well, I ain't selling! So, no tax is due.

So you never plan on selling your silver? You are going to sit on it forever? THat is retarded.

If someone did that since the 70s they would have lost a lot of money in inflation and opportunity costs.

On the flipside if you buy and "flush" your portfolio just about every 2 years you are good. That's how long the fake clock-hand takes to revolve around with inflation.

Yes now you are beginning to understand the silvertard.

You just want silver to sell because you banking on gold which will drop soon when the greenback drops enough.

Thanks, now it is all starting to make sense!

Silver and gold are especially easy things to beat taxes with, especially if you are messing around with the real metal, although very few people actually do this.

Honestly I don't know what the big deal is, many people don't pay taxes at all really. Its relatively easy to avoid, the system is ALMOST voluntary if you have half a brain. I think its good to pay taxes though, we get a really good deal.

No I just want to stop hearing people talk about how pm's are the solution to our problems.

I've never seen a brick of gold or silver get up and make/do something to improve the economy.

paying taxes is voluntary if you have half a brain? How so? Most brokerages automatically withhold a portion of your money for taxes and taxes come right out of your checks through your employer...

This doesn't make much sense but I do understand how you could duck the tax man if you sold all your silver in small batches (under 10k does not have to be reported). However you would have to spread this out around lots of dealers or buyers.

Herman Cain wants do do away with the capital gains tax too.

Because we understand that would primarily help the Elites.

Using a broker is entirely voluntary as well.

There are many ways to avoid paying all kinds of taxes.

Your justification for not selling is incorrect. Why would I trade silver for dollars? Dollars are becoming worthless.

And why would you ASSUME that our tax code will always be the way it is now? What if Cain wins? I'll only pay tax when I buy, not when I sell.

So, in the greater scheme of things, WHO IS RETARDED????

Hmmmmmm????????????

Everyone.

Actually, you blockheads that cannot see beyond your noses and thing outside the box will never understand.

Don't quit your day job.

You because Cain does not want to get rid of capital gains tax.

I wanna sell. When I do, I will roll the profits into real estate, offsetting the tax for now. I only invest in cash flow properties, and I'm typically around a break even point.

I would love to see the capital gains tax gone, but Perry is not the answer. I don't even believe that he would try. This is the same asshole who was talking about seceding from the USA but now he wants to be the president... He's a liberal piece of shit!

Not so much. Some of you seem to thing ONLY in terms of AFTER TAX DOLLARS. WHY? that is so short sighted that it hardly seems worth my while to respond to a post this moranic.

The way you are thinking, I guarantee you that you'll never have shit beyond what you earn by selling your labor by the hour.

Nothing will ever change for you as long as you think like that.

Oh btw. If a republican becomes president you will want to sell your silver for dollars.

Republican would balance the budget AKA austerity, AKA deflation, AKA an industrial metal like silver will get annihilated.

Nevertheless the purpose of the thread is not to educate you morons on your investment strategies, but to ask why you do not support the only candidate who has proposed to get rid of capital gains tax.

As for the fellow who suggested this would only serve to help "the elites" I would have to disagree. I am all for personal responsibility, and I can invest my own funds better than the government can do in their "social security fund" AKA ponzi scheme.

You are not particularly bright are you....

Yea I've sold all my gold. Admittedly, it was just over the 5 figure mark (approx 19k when I invested 10k even) but I'm glad to be out of the market.

I see too many people on the stock floor including 2 friends that have orange pill containers in both breast pockets of jacket along with the "super pill" (some sort of energy pill) in one of their pants pockets LOL.

I feal bad for them sometimes, I really do. With all all that paranoia you know it has to effect the brain and heart overtime.....

The fact of the matter is silver is an industrial metal, if the economy completely collapses like you seem to be alluding to, it will collapse in value.

Silver is not going to always go up in value, NOR is it always going to hold a constant value, as history has shown.

Silver will always be volatile, thus it is best NOT to buy and hold like a moron.

I'm 26, and I'm already getting money in the mail so to speak. I don't know what you are talking about.

LOL did u just say inflation costs?

He'd have LOST it on inflation if he had cashed out, now that he hasn't cashed out the price is corrected TOWARDS inflation rather than paying it.

You support rick perry right?

Go support an economics school.

I appreciate you telling me what I'll want to do, but if you don't mind, I'll choose to NOT take advice from someone who has already demonstrated that they have no knowledge - 'eh, that would be you, OP.

And, I never said I supported Cain. I'm just trying to explain to you one possible future where your ideas will fall flat.

Gold is a precious metal that's used ONLY for the "precious" things in life. I routinely talk down anyone that says they invest in gold. I said you doing nothing but paying another man's paycheck.

Its pretty good if you like to trade the spread though, I think you should just take advantage of the volatility and pay the silly capitol gains because its not that big of a deal compared to the chance to make money just sitting there.

hmm seems you are right about THIS (notice I am not American) it Cain and Perry both will get rid of capital gains.

"We replace capital gains tax. We replace the payroll tax. We replace corporate income tax, replace personal income tax, and replace the death tax," Cain explained his plan on NBC's "Meet the Press."

[link to www.cbn.com]

I would actually support 999 over Perry then. I don't mind a consumption tax in addition to state consumption tax because I am frugal (not that it matters anyway I am not American).

But go Cain!