$ilver$urfer
Bronze Member
- Sep 4, 2010
- 1,148
- 19
- Primary Interest:
- All Treasure Hunting
Well folks, I took the plunge and decided to sell off some of my stash yesterday. I am sure a few *holes on here will try to rub it in the next few weeks as silver climbs but I sold $750 face value of my CRHing 40%ers yesterday for $6.10 each to APMEX when silver closed at $43.40/ounce. I netted well over $8,000 in profit and let me tell you it feels good. The reason is I will be paying off the rest of my wife's high interest CC debt so she will be debt free -- and instead of her paying $600 a month just servicing her credit card debt she will give it to me to help me snowball the rest of my debt. By years end, we should be debt free minus mortgages!!!
HH,
$ilver$urfer
p.s. - I found out yesterday from the sales rep that 40%ers are non-reportable for income tax purposes but 90%ers and bullion are 1099 reportable! That said, APMEX pays well for them and I would think twice about trading up and losing value, especially if you are going to be selling in the future!
HH,
$ilver$urfer
p.s. - I found out yesterday from the sales rep that 40%ers are non-reportable for income tax purposes but 90%ers and bullion are 1099 reportable! That said, APMEX pays well for them and I would think twice about trading up and losing value, especially if you are going to be selling in the future!
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