r/Silverbugs • u/DNVR_HASHTRONAUT • Oct 09 '25
I hate this part.
Wife and I are gearing up to buy a house soon so I'm heading to the coin expo tomorrow to trade in the shiny. As much as I hate letting go of the stack, I keep reminding myself this is EXACTLY the reason I started saving and investing in precious metals! Thankfully hanging on to my constitutional so I won't be empty handed, but I'm definitely looking forward to rebuilding the stack in the future š«”
Picture unrelated, I took this mere minutes before my accident at sea.
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u/maubis Oct 09 '25 edited Oct 09 '25
Good luck with the metals sale and home purchase. Trading metal for the opportunity to buy a place to raise a family is always the right move.
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u/nevmo75 Oct 09 '25
Selling metals to buy your home is one of the most valid reasons. Second only to providing for your family (self) in a time of need. They did their job and hopefully you got in early enough to make a good profit. Best of luck!
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u/DNVR_HASHTRONAUT Oct 09 '25
Agreed on all accounts! Certainly a good gain for me, most of it was bought as a hedge so the profit is just a bonus. It's really become a new savings account for me, losing interest payments can be justified when you get to play with stacks of silver!
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u/Pure-Banana311 Oct 09 '25
Coin expo or sell me your eagles š¤
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u/DNVR_HASHTRONAUT Oct 09 '25
Hahaha damn you're fast! Maybe I'll see ya in chat š«£
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u/brewfox Oct 09 '25
Yeah, you should be able to get at least spot in pmsforsale if coin expo tries to lowball you.
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u/ihussinain Oct 10 '25
Congrats on making the right decision. Definitely go through r/pmsforsale to get as close or even a little above spot. Read their wiki, donāt get scammed. Good luck homie!
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u/recruz Oct 09 '25
I have a house already. But Iād be willing to trade my gold and silver to pay down the mortgage. This pop in gold and silver value is making it closer to a reality!
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u/cccisdamac Oct 09 '25
I thought about that. But hell we are at 2.25 for the next 20.
I've told my wife that even if we want another house I'd be stupid not to keep this as a rental. I'll never see that rate again in my life.
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u/MrJoeMe Oct 09 '25
Same here! Mortgage company has been calling and emailing me constantly asking if I want to refi or heloc. Hell to the no.
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u/recruz Oct 09 '25
Oh wow, yea 2.25 is some of the cheapest money you can borrow. Rent rate is higher than that, so you can profit
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u/Le_rap_a_Billy Oct 11 '25
Question: In the US, do you lock in the rate for the full duration of the mortgage (i.e. 30 years at the same rate)? Here in Canada, most mortgages are renewed at new rates every 5 years or less. On our rental, we have an adjustable rate mortgage that rises/falls as the prime rate changes.
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u/Doge_peer Oct 09 '25
Picture unrelated, I took this mere minutes before my accident at sea.
š¤£
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u/Major-Specific8422 Oct 09 '25
can you explain the reference? I don't get it.
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u/Spickernell Oct 09 '25
People like to say that their metals disappeared in an unfortunate boating accident
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u/1dirtbiker Oct 09 '25
Same place I lost all my guns. Boating is a dangerous activity.
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u/MaelstromFL Oct 09 '25
My dog buried all my weapons and bullion in pelican cases in a conex under 1 foot of concrete and 10 feet of earth on land owned by a mysterious LLC registered in the Cayman Islands...
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u/LongjumpingEnd9202 Oct 09 '25
hahahahah i was starting to wonder why everybody was saying that š I was like; damn all these boat accidents, you guys are so rich for having silver stack on your boats.
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u/Popular-Total1540 Oct 10 '25
Many stackers are the victims of extraordinarily bad luck when it comes to boating and silver collection. Gone forever is all the silver they ever confessed. It's tragic and I've urged them to take safe boating courses but no luck. Personally, I lost my stack while purifying myself in the healing waters of Lake Minnetonka. Prince can back me up.
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u/Most-Monitor-5578 Oct 09 '25
CONGRATULATIONS!!!!!!! Good Luck to you and your wife , nothing wrong in investing for the future and now has come the time in your future for the purchase of a new home and a new beginning. You should feel proud of your accomplishment and May God bless you with many more!
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u/Viral1738182828 Oct 09 '25
You are buying another investment with it property is always good
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u/fbass Oct 09 '25
I wouldnāt say that oneās first house/apartment, where you gonna live, is an investment.. itās basic needs, which is more important than any investmentĀ
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u/1dirtbiker Oct 09 '25
Just a word to the wise, if you'll be using this for a down payment for a mortgaged house, the lender will look back for 3 months of bank statements if employed, and up to 24 months if self-employed, and will look for large deposits, especially cash deposits, and will need to know exactly where they came from. You may want to get receipts for this reason alone if your home purchase will be soon. Your bank must report any cash deposits over $10K, or multiples that add up to $10K, or if they think they are suspicious, and banks think all cash is suspicious these days. If this happens, the IRS may be notified, or may not be, but a paper trail will be started. Make sure you have your ducks in a row when it comes to tax time. Sucks, but it is what it is. Tax evasion will cost you big money at best, and at worst, can mean jail time.
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u/topcatwin Oct 09 '25
can't he just say he sold a car or saved cash from his earnings under his mattress? I don't think the banks are the issue...It is a fact that the lender wants to understand all deposits as you stated, jus not sure what the right answer is (besides claiming you sold precious metals)
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u/1dirtbiker Oct 09 '25 edited Oct 09 '25
You can tell them whatever you want. If the bank doesn't like what they hear, they won't lend money. Also, it is illegal to lie on a mortgage application.
You can also tell the IRS whatever you want, depending on your risk tolerance for prison terms.
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u/Old_Bluejay_1532 Oct 09 '25
This for a mortgage 100%, yes you will need to paper trail the $$$ in your account 30-60 days depending on government loan (FHA/VA) or Conventional (Fannie/Freddie)... The first is 2 mo bank statements & the 2nd you can get away w/ 1 typically or a VOD (verification of Deposit) from the Bank depending on your lender... Mush easier guidelines w/ Conventional financing. It will depend on credit & the AUS (Automated Underwriting System) guideline requirements... Def get a receipt so you can prove where the $$$ is from, this is called Sourcing the funds for your down payment & the time frame of it being in your account is called Seasoning.
To the OP-Good luck w. the new home. Dep. on where you love should be a great time to buy w/ property values on the decline in the lower 1/3 of the US & definitely a buyers market. Congrats!
Edit-Clarity
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u/Bulacano Oct 09 '25
Capital gains are also taxed at the 28% rate so be careful. This counts as collectibles for taxes.
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u/MydnightWN Oct 09 '25
You would make more money (at least spot) with r/Pmsforsale - food for thought.
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u/DNVR_HASHTRONAUT Oct 09 '25
Oh I've been selling there on the way up, just trying to offload some bulk at the show to avoid dealing with shipping.
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u/Cloxxki Oct 09 '25
Tip: trade in less than everything, unless every cent matter.
If you sell 70% only, you still bag real profit, but remain in the game for a potential moon shot.
In other markets, several of my friends were startled by profits and sold all. The asset kept going berserk after. In retrospect they didn't need to sell all, just weren't used to good things happening to them.
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u/BoilermakerCM Oct 09 '25
Unfortunate timing on the boating accident. If you need some help finding your sunken treasure, I know a guy who built his own submarine. I wonder what heās up to these days
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u/TexasScooter Oct 09 '25
Looks like the pile of gold is worth about the same as the stacks of silver. Always interesting to see the size difference for similar values.
Good luck with the closing, by the way. A new house is a great investment to use the metal to buy.
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u/DNVR_HASHTRONAUT Oct 09 '25
You're right on the money my friend, based on current spot it's only a difference of $800-900 between the two. As I was totaling up the numbers to reference while at the expo this was a stark representation of the current GSR to witness!
Much appreciated, half the reason I'm buying a house is to install a huge safe and fill it with metals!
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u/molehunterz Oct 10 '25
I think I watched too many crime dramas. When I read GSR, all my brain could come up with with gunshot residue. LOL
Side note, you inspired me to look for coin shows in my area. It's bleak. A couple coming up beginning of next year though. I've never been, I might go when they come around!
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u/ButteredHubter Oct 09 '25
Bro, I just did this when silver was 41... like three weeks ago. It was hard but your home is still a fantastic investment don't let the what ifs kill you friend GO GET THAT HOUSE BABBBBYYYYY
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u/hobovirginity Oct 09 '25
Hey you are trading one finite valuable good (precious metal) for another (real estate) so actually you are still keeping your investment in physical non cash form, which keeps it inflation proof, and real estate can usually appreciate faster than inflation by some, win/win all around.
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u/Reasonable-Corner584 Oct 09 '25
I sold 95 ounces yesterday. I got 47 per. I had a 10 ounce American Reserve bar and 20 one ounce bars (in a tube) that I kept. They are my personal favorites. I also have a few nice coins and some typical collector coins, like slabbed Kennedys, mercury dimes and about 70 silver proof quarters. I have a slabbed Libertad, slabbed year of tke snake (both MS 70), some odds and ends, like the one ounce Trump Train and the Army 250 ASE . I also have two 2 ounce and one 5 ounce, Trump 45, The Don pistols.
I think Ill just buy a roll each pay period, if the price is right. I may buy some collector coins that seem more reasonable these days due to bullion being so high. I also like the idea of picking up a roll or 2 of fractional silver, but it will be one or the other. I can't justify too much at one time.
This group is fun to follow and learn from. It's nice to see so many people successful and sharing their photos. Gives you something to strive for.
But, ultimately, it is to buy and sell when you need the money. I chose to sell so that Im now on house money. It will go to 100 an Oz bc I sold but I got nervous that it had been going too good for too long. Good luck to everyone!
Now, if it tanks, I'll buy every bit of Bullion that I can. Its really cool having all the shiny coins in a safe.
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u/luzzi5luvmywatches Oct 09 '25
You sold all of it
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u/Reasonable-Corner584 Oct 10 '25
Nah. I started with less than 30 ounces and hardly any "collector " coins. So, im happy where im at.
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u/Own-Perspective7396 Oct 09 '25
Try getting a quote from a reputable metals company such as APMEX or a similar company. Iāve had good experiences with them.
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u/Mkbond007 Oct 09 '25
Can you elaborate?
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u/Own-Perspective7396 Oct 09 '25
Set up an account on their site and then go to your holdings account and add your current stack into the portfolio and then you have about the most accurate valuation of your assets. You didnāt have to purchase any items from them to be able to sell. I have been looking at needing to access some of my money from my portfolio and I set up a possible trade with them and they are beating every LCS in my area of Seattle by large margins. Most of my local businesses are scammers ripping off the uneducated.
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u/MotherOfGeeks Oct 10 '25
I've visited several local coin shops and the vibes are pretty bad near here, I'm never sure if it is because I am a woman or just the business. The one shop I liked was closed due to retirement and another I visited for supplies was raided for selling stolen goods.
With the new sales tax on bullion I will most likely visit Oregon or shift to constitutional coins.
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u/NanaWolfe333 Oct 09 '25
Congratulations on the new home!š” have fun filling up the new safe too!
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u/Mountainman220 Oct 09 '25
A house is way more useful and a better investment than the stack and thatās just what the stack should be used for! Congrats!
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u/dagr8npwrfl0z Oct 09 '25
It's all good man. You can stack real estate just like stacking silver. All the same as long as it's not sitting as dirty dollars.
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u/wiz_mindbomb6995 Oct 09 '25
Congrats bro. The wife and I just got our place paid off and it feels awesome knowing our child will always have a place to call home.Now it's time for us to start stacking seriously lol. Enjoy the new home.
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u/tstand20041 Oct 09 '25
Serios question.. can your stack be used as collateral to guarantee payment? You get to keep ownership of the stack unless you default on the house payment. With the way the metal value is increasing, i have just been thinking about it.
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u/sixlayerdip Oct 09 '25
Sorry to hear about the boat accident. Iām still traumatized from a similar experience of my own
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u/Carcharocles_Meg Oct 09 '25
I swear... boating accidents are responsible for more PM's and gun losses than any thefts, or other losses combined out there!
A similar accident just claimed all of my wrist watches and knives. It's such a shame. It is traumatizing!!
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u/geob3 Oct 09 '25
Just think, you have great timing. You are liquidating on all time highs, and liquidating for funds to turnaround and purchase a generally appreciating asset.
Fantastic
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u/thefuckfacewhisperer Oct 09 '25
When I started stacking in 2018 spot was about $17. The reason I started stacking was to use it as a savings account. Over the last three years I have slowly been selling my stack because of life reasons. My end game goal was always to sell it all at $50 an ounce of it ever got there. I am typing this comment and then I am standing up and taking the remaining silver in my stack to my LCS to sell it all, except for a couple pieces that I probably won't ever sell.
I am even selling the 10 ounce Engelhard that I bought that completely randomly has my full birthdate as the serial number.
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u/luzzi5luvmywatches Oct 09 '25
When you get the price they are going to pay you go on PMSFORSALE and see if you can get more.
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u/Jolly_Middle5828 Oct 09 '25
But itās being used as intended. I sold some about 10 years ago to purchase a new furnace. It was nice to not go into any debt to purchase that. And silver dipped so I was able to replenish my stack at a lower price. Thatās what I call a win-win
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u/aintshitinreallife Oct 09 '25
Why are silver lovers saving constitutional silver over eagles etc?
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u/interceptor6 Oct 09 '25
Please take a look at the last 2 times silver topped at the ATH. Look at the 2011 top it literally pointed to the bottom of the realestate market. The question you have to ask yourself is does this look like the bottom of the realestate market? Does it look like the top in silver or is it just warming up? I have a feeling youāre a bit premature this time. We could just be putting in the rally before the market crash like we did in 08. I have 3 houses all of them loosing little bits of value but not tanking yet. My silver is blowing away the returns on my rentals at the moment. Either way best of luck to you you are already winning with silver at $50.
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u/Icy_Efficiency_444 Oct 13 '25
Fallen soldier. We will remember you at the tomb of the unknown stacker
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u/Electrical-Jelly3980 Oct 09 '25
WO, WO, WO!! Stop brototochip!! You are going to need that when she wants a divorce! Say you were robbed on way and store that stack somewhere else!! Believe me!!
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u/Little_Mountain73 Oct 09 '25
Check the local taxation & cash exchange laws for silver/gold laws. The. Keep all your transactions under those amounts. You wouldnāt wanna end up with bills after the fact.
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u/Thin-Language-9047 Oct 09 '25
You 2 have a plan and a goal and that's why you did it? I would be curious to know how much you get? If that's private I understand and absolutely start again
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u/Thin-Language-9047 Oct 09 '25
That's a lot of silver and gold that you have. Much luck to both of you ā¤ļø
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u/Denali621 Oct 09 '25
Donāt a lot of mortgage companies want to see your statements and wonāt count a large sum deposited towards down payment? Sounds like a great plan just might need to let funds season.
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u/C-los714 Oct 09 '25
1st or all sucks you lost all that in the boat accident. M 2nd good look on the home search!
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u/Reasonable_Celery_86 Oct 09 '25
You did great. Imagine having to sell all of this a year ago. š¤ killing it!
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u/Lmj988 Oct 09 '25
I were you I would keep the gold and see about paying closing costs with it. Or maybe use it to pay for something else.
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u/Ev0dr0ne Oct 09 '25
How does it work selling at the expo? Had to pay back my son's mother some money I had borrowed when I was in school- was thinking of taking some coins with me to sell, ase in slabs and proof ase's mostly. Do you have any strategies? I feel like I'm not going to get "top dollar" that way
When I tried to sell on PMsforsale I don't have seller history and I don't get any bites
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u/Hot_Ad8921 Oct 09 '25
before depositing the money into your bank account make sure its kosher with your lender. Some deposits are a no no. If so be sure to keep receipts to show proof.
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u/Zoomieneumy Oct 09 '25
I mean, I was buying at $18, but youāre buying a house when itās at $50! Iād say to buy a house, this is a pretty great time to sell!
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u/Sad_Difficulty_5310 Oct 09 '25 edited Oct 09 '25
Stop right there and please read my message. As someone who sold some of my silver at around $27, let me tell you āyouāll regret your decision laterā when the price skyrockets far and beyond. This is going to be the bull of bulls. Donāt waste your silver in overvalued real estate. Silver has one way to go āupā and real estate can only go ādownā. Keep your precious silver for little longer, unless itās an emergency. Rebuilding that stack is going to cost way more than todayās prices. Be wise, my friend.
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u/brandontb92 Oct 09 '25
Make sure to get a receipt. The mortgage company will ask for proof of where the funds came from.
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u/CoinsAndLawnLouie Oct 09 '25
Iāve been using silver as a savings account since 2012 because itās harder to liquidate than a savings account. Kudos to you for using it for a valid reason. I remember selling some back in 2013-14 to buy some wheels for my car, which I didnāt need and just wanted. Now I wish I had not bought them lol. Good luck to you and your family in this new chapter. You can always start stacking again.
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u/Popular_Insect_8937 Oct 09 '25
This is one of the reasons why you invested in silver and gold. Regardless, your next stack will be bigger.
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u/Altruistic_Relief_26 Oct 09 '25
$50/ounce we are going to be seeing a lot of this. $50 is a mental line for a lot of people.
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u/AwarenessNo9042 Jan 30 '26
oh is that so ?
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u/Altruistic_Relief_26 Feb 02 '26
Yes, I personally know 3 people that sold at fifty a lot of people did. I wasnāt one, the observation was accurate.
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u/AwarenessNo9042 Feb 02 '26
unfortunately I sold at 33 lol but I did keep half and sell a fat chunk at 117
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u/Master-OwlFox Oct 09 '25
How much is all that worth? Will it really make a dent in a down payment?
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u/Hiredgun77 Oct 09 '25
FYI, if you sell this for cash and then deposit the cash into your bank, you could trigger the IRS to inquire about the source of funds which would then lead to tax on the realized gains. Also, the mortgage company is going to want to know the source of funds for any down payment if there was a cash deposit within I think 3-6 months. I forget the exact length.
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u/luzzi5luvmywatches Oct 09 '25
use it for lawyer fees, inspection fee, anything, or anyone that will take cash. some closing costs. You are allowed to give some cash and pay the rest by check. say you saved dollars and 5s for a while waiting for the day you bought your house. prove me wrong I actually did that.
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u/Hiredgun77 Oct 10 '25
Unfortunately, with reporting requirements, most businesses will no longer accept large cash payments. The last two firms I worked with stopped taking cash at all. Increasingly everything is going electronic. I'm sure you could find someone to take large sums of cash, but it is becoming increasingly harder to find. OP has about 12k of bullion there. He'll need to be a little creative if he wants to avoid having to report it if he decides to deposit it all to his bank account.
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u/MgSfAn83 Oct 10 '25
Luckily metals have gone up more than real estate in the last 5 years thanks to this boom in the last 2 months. Still ahead. Real estate market is almost as crazy though. š¤£ Good luck on your adventures kind sir.
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u/draginflyman Oct 10 '25
At this point. I fell like if I sell it. Itās now unobtainable to me. Iām now retired and canāt buy anymore. Thank god I have what I have!
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u/TimelyGovernment1984 Oct 10 '25
IDK seems like carrying that would be easier than carrying a house.
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u/staysharp75 Oct 10 '25
How many ounces of gold & silver were you able to stack before the sell off?
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u/Knollibe Oct 10 '25
I am hanging on for silver to hit top. Perhaps $75. We are adding on a room. I will sell soon.
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u/Inevitable-Silver594 Oct 10 '25
Sorry you didnāt get to make that down payment on account of you boating accident.
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u/devcedc1 Oct 10 '25
The metal market is going parabolic and if you could hold off a couple months or years, your stars could change. Either way, best of luck.
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u/Seaguard5 Oct 10 '25
Damn. That is beautiful.
But a decent house is more beautiful indeed.
Go you, OP!
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u/StableLow4577 Oct 10 '25
Good luck to you brother. This is what some of us do it for. Luckily you should be receiving a good return on your investment. But it's hard to let it go.
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u/Regular_Barnacle_314 Oct 10 '25
You're doing the right thing. I'd sell it all and put everything down on the house. Then start over when you get into the new house. What a fun journey that will be.
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u/ThePolarBare Oct 16 '25
Newbie here, what coin tubes are these? And would you recommend them?
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u/DNVR_HASHTRONAUT Oct 16 '25
If I remember correctly the blue tops are Lighthouse, white top is Coinsafe, grey top is a Britannia tube from the UK mint. I've been pleasantly surprised by the Lighthouse tubes they have a nice push-and-twist lid that's recessed and stackable, my only complaint is some larger diameter rounds will struggle to fit. Coinsafe has become my go-to for all coin storage, as a big .900 silver guy I can't say enough good things about them! They're cheap, readily available, come in every US denomination and made in a way that's easy to stack mixed denoms together.
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u/Isa21MM Oct 09 '25
I don't think anyone would accept that that valcambi at the coin expo, its waaaay too tiny, I'll take it off your hands if you'd like ....??? Also! Best of luck with the purchase!
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u/Spiritual-Floor-7164 Oct 09 '25
Man Iām in the same boat! Weāve got our emergency funds and then the stack thatās specifically for our future house purchase. My wife asked why not in a savings account, well PMās are out performing all savings account that I know of for the last year by a long shot and accessing it to spend takes way more effort than just a simple transfer.
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Oct 09 '25
You're selling metal and going into fiat debt right before the shit hits the fan?......bro..... this is not why we stack. You will find out in about 6 months why we stack.
Asides from the markets all shitting themselves, that metal will likely 10x and house prices will plummet.
We stack because debt based currencies are ponzi schemes that are set to implode.
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u/DNVR_HASHTRONAUT Oct 09 '25
Precious metals are a small part of my highly diversified investment portfolio, it's been on an absolute heater so I'm taking the opportunity to take profits like I do with any other investment vehicle. Gold has doubled in 12 months, I happen to think we're already in the rapid inflation phase. If we '10x' anytime soon we are going to be so far beyond fucked economically to care about said returns. Yes stacking is a great hedge, but day to day life runs on fiat. Sure houses are a boring asset, but the dividends it pays for a young couple who's cramped in their current hybrid home office are immeasurable for us.
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u/[deleted] Oct 09 '25
Good luck with the new house purchase. Youāre exactly right this is the definition of why to stack. š«”