Timothy Sumer

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In this video I talk about buying silver and buying gold and why you do not want to purchase more than 10k at once. This video is a warning to all silver stacker out there. I know that not everyone can say that they plan on ever purchasing more that 10 thousand dollars worth of silver or gold at once, but if you have ever considered it then you need to think again. I talk about the IRS form 8300 which has all of your personal information on it and when this form will be filled out and sent to the IRS. I also talk about how to avoid the form all together. Most people who are purchasing gold and silver want to remain anonymous. I do not want prying eyes on my purchases especially when I am buying bullion. All precious metals purchases will be subject to the IRS form 8300 unless you purchase less than 10k at once. Please subscribe for more gold and silver related videos. Warning to All Silver and Gold Buyers (Part 2) - Don't Sell Large Amounts! Warning to All Silver and ...