30,000 oz

[IdahoCopper]

Can anyone advise on how a person could buy about 30,000 oz of physical silver?

I've started discussions for selling my domain, Beefjerky.com for $1.5 million. If this deal happens, I'd want to turn the FRNs into silver ASAP.

At $50/oz, $1.5M is 30k oz.

[Neckro]

1.5m is a whole lot of taxes as well.

[Diggin4copper]

Here you go...
http://cgi.ebay.com/Pallets-Monster-Box ... 5643d7f496

[ScottyTX]

You might want to go with a PM broker, Amark even would be a decent supplier if your looking for silver with a little premium.

[beauanderos]

Can anyone advise on how a person could buy about 30,000 oz of physical silver?

I've started discussions for selling my domain, Beefjerky.com for $1.5 million. If this deal happens, I'd want to turn the FRNs into silver ASAP.

At $50/oz, $1.5M is 30k oz.

Let them arbitrage it. Tell them you'll take 30,000 ounces instead of the $1.5 million.

[Corsair]

Can anyone advise on how a person could buy about 30,000 oz of physical silver?

I've started discussions for selling my domain, Beefjerky.com for $1.5 million. If this deal happens, I'd want to turn the FRNs into silver ASAP.

At $50/oz, $1.5M is 30k oz.

Let them arbitrage it. Tell them you'll take 30,000 ounces instead of the $1.5 million.

Not a bad idea. Or talk them up to $1.6M cash and say, "Actually, I'd do 30,000 ounces of silver. Save you about 200K."

[IdahoCopper]

1.5m is a whole lot of taxes as well.

Yep, and taxes are paid on 15 April, the following year. So the money earmarked for the tax is held in silver until the end of that March, or so.

[IdahoCopper]

Here you go...
http://cgi.ebay.com/Pallets-Monster-Box ... 5643d7f496

WOW! I had no idea that pallets were available. Thanks, Diggin!

[IdahoCopper]

Can anyone advise on how a person could buy about 30,000 oz of physical silver?

I've started discussions for selling my domain, Beefjerky.com for $1.5 million. If this deal happens, I'd want to turn the FRNs into silver ASAP.

At $50/oz, $1.5M is 30k oz.

Let them arbitrage it. Tell them you'll take 30,000 ounces instead of the $1.5 million.

Best idea all day! Thanks, beauanderos!!!

[lakehouse]

If you work a trade, are the capital gains not deferred until the silver is sold?

[Corsair]

If you work a trade, are the capital gains not deferred until the silver is sold?

Assuming the silver isn't sold bit by bit on Realcent...?

[IdahoCopper]

The income tax is a "use fee" for using FRNs. If no FRNs are used in the transaction, no tax is due until FRNs are involved.

[Neckro]

Yeah, the IRS see's a huge sale because one of the parties better report the transaction. I doubt they'd take that view on things.

[IdahoCopper]

But its only $30,000.00! Each SAE is clearly marked "One Dollar".

Yeah, I know. That guy in Vegas got nailed for paying his workers like that.

"Death and Taxes".

[hobo finds]

1.5 m is a lot of jerky!!

[BamaJoe]

1.5 m is a lot of jerky!!

Sounds like a whole lotta bull to me.

[IdahoCopper]

The best part is, its only the domain name.

I can boot up my other domain, beefjerky.co, notify all my repeat customers about the change, and work on the SEO for the new website to bring it up to the first page on Google.

[PreservingThePast]

The best part is, its only the domain name.

I can boot up my other domain, beefjerky.co, notify all my repeat customers about the change, and work on the SEO for the new website to bring it up to the first page on Google.

I'm surprised that you don't have to sign a non-compete clause.

[beauanderos]

The best part is, its only the domain name.

I can boot up my other domain, beefjerky.co, notify all my repeat customers about the change, and work on the SEO for the new website to bring it up to the first page on Google.

I'm surprised that you don't have to sign a non-compete clause.

If a National company (who else would be willing to pay that domain fee?) that produces beef jerky is interested in establishing their own site, it is doubtful that they would be troubled by the comparitively modest sales that the current site boasts. A refusal to accept such "non-compete" terms could be agreed upon in the "pre-nups" Conga rats, btw, sounds like you're business is providing unexpected silver linings.

[slickeast]

sounds like you're business is providing unexpected silver linings.

Nice choice of words.

PUN INTENDED I AM SURE

[Lemon Thrower]

1. you need to think through storage first.
2. look at tulving, golden state mint, etc. there is a pm broker that advertises on eric kings broadcasts . . . CME maybe?
3. look into the estimated tax filing requirment.

[highroller4321]

Can anyone advise on how a person could buy about 30,000 oz of physical silver?

I've started discussions for selling my domain, Beefjerky.com for $1.5 million. If this deal happens, I'd want to turn the FRNs into silver ASAP.

At $50/oz, $1.5M is 30k oz.

Acquiring that amount of silver is rather easy. It just takes a few phone calls and as long as the inventory is there its no problem. You can order monster boxes by the pallet (25k ounces) or you can order 10oz bars or whatever. If the time comes PM me and I will give you a few names and numbers where you can buy direct. Tulving isn't a bad way to go either. However apmex, bulliondirect, and other places are going to charge you more.



What you should do ASAP (if you think its going to happen) is talk to a few, yes a few, tax advisors and see what they suggest to avoid turning the sale into ordinary income. I am not an expert but I know there are serveral ways to sell a company. Stock sale, assest sale, stock exchange, ect ect ect.

[IdahoCopper]

Thanks for the tips, highroller. The other side has responded and said its highly unlikely that a deal can be made in silver instead of FRNs.

Does anyone think it might be possible for the domain buyer to give their money to the silver seller, and the silver seller give the silver to me?

Perhaps the buyer and I could meet in the silver seller's offices, make the on-line domain transfer happen, and I drive off with the silver. Its only 1800 pounds or so. A U-Haul truck can handle that.

[TXBullion]

Thanks for the tips, highroller. The other side has responded and said its highly unlikely that a deal can be made in silver instead of FRNs.

Does anyone think it might be possible for the domain buyer to give their money to the silver seller, and the silver seller give the silver to me?

Perhaps the buyer and I could meet in the silver seller's offices, make the on-line domain transfer happen, and I drive off with the silver. Its only 1800 pounds or so. A U-Haul truck can handle that.

I would just make an arrangement with an escrow company. Upon consummation of the deal, at that moment, a deal is locked in with a silver seller and you take delivery later. It would take a little setup but it can be done. Just like a real estate sale where a lien gets paid off but have the proceeds go to silver seller instead of you.

[Copper Catcher]

DISCLAIMER: The opinions expressed in this message are those of the author. This message is intended as a general discussion of legal issues and not as legal advice or a legal opinion. Seek independent counsel to act upon any laws discussed in this communication.

IdahoCopper after long term capital gains taxes etc....You might have a lot less than you think. Lots of time with your CPA would be well worth the cost to discuss the structure.

Depending on the cash needs and current federal and state income bracket getting paid over time might not be a bad option. Unfortunately for you the IRS is not going to allow you to avoid payment of taxes on the gain from the sale.

If the company involved was buying your entire company it might be different because in some cases you can structure a merger instead of a sale and take their stock as an option delaying taxes until you sell the stock i.e. and hopefully they would pay dividends.

There are lots of ways to structure a deal....While I am not a big fan of lawyers they are necessary and I’d get at least one that specializes in internet law involved on the front end and have a firm contract to buy that spells it all out.

Do you have to sign a non-compete clause since you are just selling the domain name? If so, they should have to pay extra for that option. Don’t assume anything!

Regardless, in my humble opinion, if you want the biggest bang for your buck I'd talk to APMEX and look into buying bars like the following: 988.65 oz ASARCO Silver Bar .999 Fine #20080153. They are selling this at $0.69 cents per oz. over spot. Before I'd purchased this I would get a firm buyback agreement from them as well! I don’t think you going to find a smaller premium than this…I may be wrong.

APMEX, if your reading this I'd like a commission.

I personally would not sink this all into silver unless you feel like you are already well diversified elsewhere. I want go into much more detail, but if you want to talk shoot me an email. Congrats!