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<p>[QUOTE="9guns, post: 1010226, member: 26044"]i took one of my 100 ounce englehard bars on a road trip this week and stopped in at a bullion shop, i was ready to do a trade for 90 ounces of generic in 1 and 5 ounce bars + $20. they were giving me $2177 and spot was 23.07 for a $1.30 spread, i asked if i could get a better spread since i was trading and the gal went to ask the owner. the owner came out and ran some number on his calculator and TALKED ME OUT OF IT.</p><p><br /></p><p>he asked why i wanted to trade down and i told him because of the upcoming tax that i did not want to hold larger bars. he said that there are ways to handle the tax problem but thats another thread. </p><p><br /></p><p>anyways the 1 reccomendation he gave that really hit home for me was that essentially i will be paying a tax right now to trade smaller in the cost of losing 10 ounces and $20 then when i go to sell again another tax will be assessed, i took that reccomendation and threw it back in the trunk.</p><p><br /></p><p>i visited the store on 2 different days a day that silver was running up, the store had 3 or 4 people in there selling gold and silver - and today, a down day, the place was empty. the owner did say that it is a sellers market within his business.[/QUOTE]</p><p><br /></p>
[QUOTE="9guns, post: 1010226, member: 26044"]i took one of my 100 ounce englehard bars on a road trip this week and stopped in at a bullion shop, i was ready to do a trade for 90 ounces of generic in 1 and 5 ounce bars + $20. they were giving me $2177 and spot was 23.07 for a $1.30 spread, i asked if i could get a better spread since i was trading and the gal went to ask the owner. the owner came out and ran some number on his calculator and TALKED ME OUT OF IT. he asked why i wanted to trade down and i told him because of the upcoming tax that i did not want to hold larger bars. he said that there are ways to handle the tax problem but thats another thread. anyways the 1 reccomendation he gave that really hit home for me was that essentially i will be paying a tax right now to trade smaller in the cost of losing 10 ounces and $20 then when i go to sell again another tax will be assessed, i took that reccomendation and threw it back in the trunk. i visited the store on 2 different days a day that silver was running up, the store had 3 or 4 people in there selling gold and silver - and today, a down day, the place was empty. the owner did say that it is a sellers market within his business.[/QUOTE]
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