i think that you'll be able to buy a single-family median price home with a case or two of silver eagles hi this is mike maloney and i've got uh jeff clark on the line with me the senior precious metals analyst of goldsilver.com and uh he's got some uh frequently asked questions from viewers so how are you doing jeff i'm doing great mike it's great to be back with you again and yes we do get a lot of questions from customers and here's one that we've been getting a lot especially


from newcomers and that is this who's going to buy my gold silver when i go to sell it so someday we will be exiting the industry we will be selling a large portion of our gold and silver but who's going to buy it because the environment you see ahead uh the economy is going to be struggling people are unemployment's going to be high people might have low income they may not be able to afford gold and silver so mike who's going to buy it when we go to sell well hopefully if if you're a savvy


investor you're going to be selling when everybody wants it that's when the price peak comes and so uh any dealer will buy it goldsilver.com will always buy it uh if if the there's a peak happening and there's a rush into gold and silver that's uh when uh it's very difficult for any dealer to source it and so uh if somebody sells that's great for the you know the the dealer can then buy it and sell it to somebody else another thing that you can do is uh if we're in a real crisis and people aren't


trusting the dollar you could actually go into somebody's you know somebody selling their home with a case or a couple cases of silver eagles or tubes of gold eagles and uh you have to monetize it by putting a price on it they've got they're selling their home for so many dollars and so uh for tax reporting purposes you have to declare the value but you it's okay for you to actually purchase a home with gold or silver uh and uh there was um uh ted butler's uh mentor ziggy freeman i think his uh name


was um actually did this he in 1980 uh he bought a house with silver and uh and really did very very well on this trade uh so uh there's there's a couple of ways of getting in and out of this but uh when it comes to uh selling it's nothing to worry about uh the dealers will always buy and there's there is always somebody to sell to at a certain price it's uh it's one of the most liquid assets that you can have uh it's actually more liquid than stocks uh at certain periods of time i just want to expand on


that idea that demand is going to be very very high so even though some people may be uh unemployed or have low income or some something like that remember it's going to be one of the few assets that can actually uh save someone financially if the stock environment is weak if bonds are weak if the dollar is crating if real estate's rolled over uh gold silver may be one of the very few assets that's performing well uh this has happened many times in the past we saw lines outside of uh dealers in at the peak in 1980


uh in 2011 from 2009 to 2011 we saw a huge russian demand we saw a russian demand here back in march so there were many many more buyers than there were sellers and that will happen again as history has shown so and just a quick tax reminder if you do sell your gold and silver for a profit remember there are tax consequences so even though you can trade it for a house potentially you are responsible for any taxes and and we do have a uh an article on our uh our website that goes into that so just


a friendly reminder on that but boy what an exciting thing to think about that you could actually buy a house with a few mint cases of silver yeah it we you know we'll see what happens but if it goes to the same gold silver ratio and gold goes to the same uh gold real estate ratio yeah you'll be able to walk in i think that you'll be able to buy a single family median price home with a case or two of silver eagles uh because that's what you could do back in 1980 it's it's all


it's it's interesting i've got something called wealth cycles where i measure uh all of the asset classes against each other instead of using the dollar and what you see is that nothing actually goes up everything is trapped in this valuation range where it goes overvalued undervalued compared to the you know the gold silver ratio if you look at it it's done this but the uh the or the dow gold ratio the stock market against gold the how many ounces of gold is one share of the dow


worth and if you flip that upside down you've got uh how many shares of stock one ounce of gold is worth and when you see when you do that you notice that they don't really go anywhere over the long run but there are times when one is overvalued compared to the other and we are still undervalued on gold and overvalued on all of the other asset classes so i do think that you're going to be able to go in and buy a house for just a case or two single-family median price home um but uh when it comes to taxes that's the


reason i moved to puerto rico i've got an act 22 and so i've got a tax exemption with the government here where i pay no capital gain on investments so for me i don't have any taxes now when you're buying one of the things that people ask about is you know if i'm buying is there any reporting and no you can buy a billion dollars worth of gold and you don't have to report it to the government so and we don't have to report it but when you sell back there's certain


items and certain quantities that we do have to report so i would suggest reading jeff's article on it and but the thing is you no longer have it at that point so it doesn't matter uh you just have to declare your taxes because there's certain things where we have to file a 1099 b broker reporting with the irs and then your tax return has to match that uh and those are the rules um uh there are certain products that are exempt from that and so um and actually there are certain you know


if we do reporting on something that the irs uh says is exempt we sort of get in trouble for filing unnecessary paperwork so uh it's it's worth taking a look at all that but it's nothing for people to worry about uh when it comes to selling as long as they're planning on reporting their uh gains and their taxes uh don't worry about uh the reporting on items because nobody knows that you have it when you have it the government only finds out that you had it after you've sold it


so yeah don't don't try to cheat on your taxes that's playing cat and mouse with with the irs and you've got to remember just who is the mouse in this situation that's very true good point well i'm glad you brought up wealth cycles uh you've done a video on that before we'll link to that here and i know you're also writing on it as well so we'll look forward to that but for those of you that are relatively new or have questions on this topic uh get mike's book


because he goes into a lot of this he updated it in the last few years it addresses a lot of these topics a lot of these questions and it would be very uh fruitful for someone to really dive into that and get a lot of information out of it gold silver.com free book and you could get mike's best selling still to this day it's the best seller on investing in gold and silver and you can get free so mike thanks for joining me on this video and we'll see you at the next one okay thanks jeff