I feel like I have the best chance of getting decent deals in these Stack's auctions. Below is the weekly precious metals auction for the week.
When faced with this question, buy now or buy later, I generally dollar cost average in. I don't want to have bought nothing if the prices rises dramatically but I also don't want to have spent everything if the price drops dramatically.
TBH It's when prices go up dramatically that I get nervous - How many more nice coins will I be able to obtain before they get too expensive? When prices come down like this, I take some time to review what auctions are upcoming.
The market looks really weird to me. Everything is in place for PMs to shine - inflation, negative real interest rates, central bank purchases, expanding wars, etc. But investors want to continue to buy risk on (even fanciful) assets. Very strange. I expect a dramatic reversal at some point...
Pretty sure it's the same $1,000 rule - Numismatic coins over $1,000 are tax free but under $1,000 are taxed. I have heard of instances at shows and coin stores where proprietors may have forgotten to collect taxes in cash and carry transactions.
Regarding the Kentucky taxes - what about numismatic coins? These coins were in a numismatic auction. Stacks also has seperate bullion auctions. I wonder if there are certain gold coins you can buy in Kentucky that have high gold bullion value but skirt past the PM tax?
I was excited to win these in the last Stacks and Bowers world coin auction. These are larger coins with over 1.2 ounces of gold each. Cost me $2,400 each including BP which is pretty close to melt. They cost much more elsewhere (the 1929 in MS63 is currently listed for $3,195 on apmex). My...
The last time I went to one of the Mass gun shows I walked the floor, saw that everything was overpriced and available at my local gun shop, left the show, and went to my local gun shop instead [laugh]
What's catching my attention is the gold is remaining strong in the face of a declining market i.e. the margin calls don't appear to be having the negative effect I anticipated. Maybe we are getting closer to a breakout???