CASHING OUT WITH GOLD

Will this work? I'm just about done with crypto and want to cash out now, but I have enough that can really fuck me over with the taxman if I send it straight to my bank account. Is cashing out by buying gold instead a better strategy? JM Bullion accepts bitcoin for payment, although slightly more expensive. But I figure even after having to pawn these off to dealers and pawn shops I can still come out on top better than dealing with the taxman.

Attached: Untitled.jpg (969x622, 207K)

Other urls found in this thread:

premieroffshore.com/move-puerto-rico-pay-zero-capital-gains-tax/
digix.zendesk.com/hc/en-us/articles/360001811451-What-are-the-steps-to-redeem-the-gold-
twitter.com/NSFWRedditGif

Have you ever pawned anything before? They pay 10%.

Well if the goldbugs are right and the price will go up, I might even come up on top and profit

They report everything to the taxman, dude.

you can always get over spot for american eagles. apmex will buy the gold 24/7. surely there is a coin dealer who will also in your area pay over spot for gold eags

>The transaction is almost always private. There is no reporting requirement from a gold dealer to the IRS of what we sold to you, unless BOTH of the following conditions exist:

>1. The transaction(s) exceed $10,000; AND
>2. Actual cash (or money orders, bank or certified checks, etc.) is used to make the purchase(s).

Sell on ebay or to bullion dealers. You'll take $50-100 haircut on each coin in this market, but its still cheaper than tax. Also, try either buying things in btc or bullion before going the cash route.

Not doing it to evade taxes, but for ever $1MM I cash out over the next 5 years I will be putting 1.5% into Gold or Silver. Maybe more depending on market conditions.

Just use payfair.io jesus

they are wrong though

You dont sell gold at a pawn shop thats for retards
yes sell at a coin shop they will give you slightly under spot value but its still a good way to cash out. where I live there are zero taxes on sales or capital gains on precious metals so if you are talking about moving lots of ounces look up your local taxes and sell at a few different coin shops to keep them from making a report

The pawn shop route is more if you want to trade PMs for something.

>Pawning anything
Now guess how I know you're a broke ass monkeyman

Yes, it's a solid way to cash out. I've known a few people who have done it. There's no reporting requirements on AGE's

>to keep them from making a report
they all ask for my ID

Now why the hell would anyone with a positive IQ use ebay for bullion?
Get off your dumbass and go hawk it at an auction house to some boomers or better yet a dealer fair.

Buy DGX. Fly to Singapore. Collect bullion. Done.

Just cash out overseas

how?

Depends on what he buys nigger. 1oz silver rounds? Ebay. 1oz gold? Ebay depending on what coin it is (certain runs are much more valuable than spot). Lots of gold? Coin shop/APMEX.

nigga how can "Cant cash out" be real if bitcoin atms exist? jsut like use it mufugga. smdh senpai

If you are US citizen just live and become a resident in Puerto Rico, Guam, or any territory for 6 months. No taxation without representation the brown folks have no representation so uncle sam doesnt tax em. I was a military Brat and lived in Guam for a few years wonderful place.

Is it really that simple?
>Guam
I can just plant my nerdy ass on the beach, shitpost 'n' sip until I can cash out for free? SUrely there's a catch

Set up a BullionStar account (located in Singapore), buy your bullion, and have it stored in an allocated vault away from the prying eyes of FINCEN.

how would I get the cash back in my hands in the US though

You can buy cash on the deepweb.

Attached: 7cd2aaa543df8e1190832070e55791c0 (1).jpg (564x551, 38K)

no you can't.

unless you mean fakes which is retarded

Yes look at how many people moved to Puerto Rico before and after the hurricane. Look it up become a resident and you dont pay capital gains.

>implying you have to pawn large amounts of gold and can't sell directly to apmex

>bitcoin atms

Are they even anonymous? Besides, there's propably like 5k max cash in them.

>become a resident and you dont pay capital gains
I imagine you still have to prove that you acquired the crypto while a resident. In other words, you can't just skip town and live in PR for a while and cash out your BTC that you bought 3 months ago while residing in the USA

No premieroffshore.com/move-puerto-rico-pay-zero-capital-gains-tax/

Right, this is for gains accrued while you're a resident, you can't simply move there and cash out and expect not to pay tax on it

i can wait for restocking. i think its typically 1k per day no personal info needed. seems fine for my plans, assuming we all dont kill ourselves before mooning

>i can wait for restocking. i think its typically 1k per day no personal info needed. seems fine for my plans, assuming we all dont kill ourselves before mooning
you in EU?

Where are you going to put the cash though? Get a high quality hidden safe and do not tell ANYONE about it.

Then what?

Does this count as money laundering?

only if you're laundering money.
google the actual definition of the term

Tax evasion, so pretty much as bad. The IRS doesn’t fuck around.

This would be tax evasion if they could prove user had exchanged btc for gold, then gold for money with the intention of avoiding paying tax on capital.

how much do you think we're gonna cash out

>The IRS doesn’t fuck around.

Attached: logo.png (2374x1958, 134K)

Okay, well it it's "illegal" then why is it even possible in the first place? Aren't most people buying gold with BTC doing it explicitly to evade taxes?

I was assuming you meant large sums of money, kek.

the absolute state of american public education

Attached: close.gif (212x176, 925K)

Just because it is possible to do something, that doesn't make it legal..

we've waited this long, whats 3-4 months to cash out 100k? what if you happen to be within distance of more than one atm? its not fuckin difficult, dont over think it.

I was not saying it would be difficult to do, I was advising you to find a suitable place to store your cash when you do so..

Using a credit card on PM often means a 3%+ fee to cover credit card costs. It could often be cheaper to buy btc and pay with that depending on the current exchange rates, also the rate for bitpay is often different than you get on your exchange. tl:dr its easy and cheaper than visa.

also just because something could be used in a crime doesn't mean it shouldn't be outlawed. Go back to your euro/coastie cuck shed

Enjoy your time in federal “fuck me up the ass” prison nigger.

god damn, you're stupid

I think you misread it. No long-term gains after 183 days of being a resident irregardless of when you first bought whatever 1 year, 6months, or 10 years.

>irregardless of when you first bought
where does it say this?

Yes you can you retard. Drug dealers need to turn their bitcoin into cash too.

Attached: 134e074f94b56734f2c8cf4272771097.jpg (480x480, 25K)

nobody is buying crypto for cash on dnm.

Why wouldn't they be?

that's beside the point, the point is that they're not and you can check for yourself and it takes all of 5 minutes.

>Are they anonymous
>Implying they don't have 10 cameras trained in on the ATM and another 10 on the entrances and the surroundings

I'd go as far to say that the ATMs are even worse, since they now have your face, and video proof

Funny I was just about to make this thread

But they have strict KYC

It is nowhere near that simple

>It is nowhere near that simple
give me the rundown

basically you need to "cut all ties" from mainland etc, look it up

digix.zendesk.com/hc/en-us/articles/360001811451-What-are-the-steps-to-redeem-the-gold-

This is what I meant, risky if you want to stay user/avoid tax

so I close my bank accounts and bug out--doesnt seem so bad.

>digix.zendesk.com/hc/en-us/articles/360001811451-What-are-the-steps-to-redeem-the-gold-
yikes
why not just buy from jmbullion and sell local? this seems utterly pointless

>why not just buy from jmbullion and sell local?
That's what I'd do, unfortunately not American

It is turning out to be almost impossible to cut ties to my shit euro country and I wish I never tried. Cannot imagine how much of a nightmare it has to be to deal with the IRS and doing this in the US

>Cannot imagine how much of a nightmare it has to be to deal with the IRS and doing this in the US
yeah, seems like alternatives are better desu

>That's what I'd do, unfortunately not American
sorry to hear that m8

I wouldn't recommend apmex anymore, they are starting to enforce more and more sales tax for various states.

I have before, I buy drugs off there.

Attached: 33e2ceb3ab41e60aba874de616273eff.jpg (564x845, 62K)

which market dudeski? all I can find are fakes which I am 100% not interested in

I do not wish to break any laws sam I am

We'll you're wanting to evade taxes, that's a crime. Try Dream.

>We'll you're wanting to evade taxes
lol fuck off glownigger
>Try Dream
nada

It depends where you live but I recommend going to a jewelry store (preferably an Arab owned one). They will give you a fair market price. Do NOT go to any pawn shop or "cash 4 gold" store.

I hope you're posting from a secure computer lol, glowinthedarks watch these threads

Apmex will take any amount of AGE's, and they are not subject to any reporting requirements since the coin didn't exist when the laws were written.

Wrong

Literally the least of my worries.

he is one

you're talking to the FBI retard

right..

Attached: 1419910807274.jpg (307x352, 15K)

he is right though

The FBI is asleep, it's after 5 retard

Just out of curiosity i checked on dream, you most definitely buy cash with crypto on there. Look harder dude

Thanks for the heads up glownigger

OP you can cash out until you renounce your shitizenship to the states. Every bank in the world from 2016 onwards have to report US citizen bank details everywhere in the world (obviously not offshore accounts held through proxy companies is another option). Tip top Kek. Though you could sidestep uncle Sam nah

Shut the front door

Honeypot

Stop talking

Mib are here

buy drugs from dnm
sell the drugs irl
make gains on your CASH out, no tax, fed dont know shit about it, just get into your bank account (countless ways to do this)

all fun and games till you get a love letter

Well you can if you have the right contacts... I wouldnt trust a single listing on any dnm offering this service though as its 100% counterfeit.

practice proper opsec and use a drop you have easy surveillance over, shouldnt be a worry
police are stupid asses and arent able to incriminate you unless you incriminate yourself.

i know. tails, connected to a router that uses sets up an openVPN. still has happened a few times due to fucking dumb vendors on CGMC using fucking ziplocks and indexcards as stealth

you dont have to pay taxes on a 90% loss nigga

On pawn stars a guy sold rick a 100k pile of Silver and rick said he was only going to make a grand or two off the deal

Someone frequents the drug boards

How do you get cash into your bank account after selling the gold?

jesus, baseball cap and sunclasses and here you go. Leave your smartphone at home, and don't leave any fingerprints at the atm, eZ

Imagine putting less than 10% into metals

thanks sold 100k

>buying physical gold