So let's say I pay $50 for a silver coin and I mail it to this guy.
He now wants to use my donation to buy real estate. The bank does not take silver coins. So he has to sell the coin to someone. How much will he get for it? Maybe $30?
You're vastly overestimating the spread between what you'd pay and he'd receive.
There's also overhead when you donate through crowdfunding sites. There's always overhead unless you deal directly with cash. (which is why they don't want anyone using cash anymore)
I do this all the time. I know what the spread is on gold and silver.
Almost every coin I bought is now worth more than what I paid for it and then some.
A premium on a coin is no more than the merchant fee on a credit card. 3-4%. Even shitty pawn shops pay spot and are happy to trade their cash for us or Canada mint coins
No. You pay about 5% premium over spot. Since silver increases in value about that amount every month, it really isn't a premium.
Also, how much do you think goFuckMe or RapeTheon charges? Probably more than 5%. Did you think their services are free?
You can almost always sell silver coins for spot price unlss they are damaged.
The 40% overhead more likely applies to your jew tactic. Let goFuckMe or RapeMeTHON take 5-10% and report it to IRS which will charge you gift tax or some other income tax for it. Then when he finally gets it the dollar has already lost 10% of its value.
Did you guys read the Maralago Accord? Trump admits he wants a weak dollar. Dollar index keeps going down. Gold has doubled in value the last 5 years. Silver is up 20% in just the last 6 months. And you're worried about a two dollar premium? You do realizw every credit card transaction costs the merchant 3-4%?
So let's say I pay $50 for a silver coin and I mail it to this guy.
He now wants to use my donation to buy real estate. The bank does not take silver coins. So he has to sell the coin to someone. How much will he get for it? Maybe $30?
So your plan results in a 40% overhead?
You're vastly overestimating the spread between what you'd pay and he'd receive.
There's also overhead when you donate through crowdfunding sites. There's always overhead unless you deal directly with cash. (which is why they don't want anyone using cash anymore)
I do this all the time. I know what the spread is on gold and silver.
Almost every coin I bought is now worth more than what I paid for it and then some.
A premium on a coin is no more than the merchant fee on a credit card. 3-4%. Even shitty pawn shops pay spot and are happy to trade their cash for us or Canada mint coins
Which is still better than a 100% overhead. I think the loss of convenience (on several levels) is a much larger strike against this plan.
No. You pay about 5% premium over spot. Since silver increases in value about that amount every month, it really isn't a premium.
Also, how much do you think goFuckMe or RapeTheon charges? Probably more than 5%. Did you think their services are free?
You can almost always sell silver coins for spot price unlss they are damaged.
The 40% overhead more likely applies to your jew tactic. Let goFuckMe or RapeMeTHON take 5-10% and report it to IRS which will charge you gift tax or some other income tax for it. Then when he finally gets it the dollar has already lost 10% of its value.
Did you guys read the Maralago Accord? Trump admits he wants a weak dollar. Dollar index keeps going down. Gold has doubled in value the last 5 years. Silver is up 20% in just the last 6 months. And you're worried about a two dollar premium? You do realizw every credit card transaction costs the merchant 3-4%?