Question About Selling Gold

I am thinking about eventually selling a large amount of gold roughly 50b at the end of summer. And I need advice on what the best way to do this is.

First off: How much should I request per mil.

Can I do it all with one person? Who to trust

Do I have to pay taxes on the money I get, I'd like to sell through western union to avoid chargeback, are there other alternatives? Is WU 100% safe?

I'd probably do the sale using 100% shards or phats.


Thanks


Also is it illegal to sell gold? Worried that I should be paying taxes or something on something of that amount.

 

I don't know others, but you can sell for roughly .50-.75

 

Still looking for other questions to be answered

 

Up to you as to whether or not to do it with one person. I'm sure some of the major buyers would be interested.

Since you would be selling to one person I would expect you to get 0.45/m or so (also the price will be a bit lower by the end of the summer). I'd try to get 0.50-0.55/m if I were you though.

WU is completely safe from chargebacks and I would recommend it. With this amount I would be cautious about trusting anyone (assuming you're doing it all at once) with a paypal trade.

Finally, yes, you would be expected to pay some sort of tax on this size of income. Its size will require financial institutions to be reporting it to the government.

Hope that helps!

and just curious, how did you get this kind of money?

 

stake/merch/dancing. Thanks for your answer.

If I were only to sell 10-20b would I be expected to pay taxes? I'm only 17.

 

its best to sell it to different people, use player auctions if you have paypal just make sure you take a video or pictures of your trade, price would probably be from .55-75 depends, i dont think you have to pay taxes

 

Taxes, yes. Bank transfer/mail are also safe. Better off selling to a reseller. Can sell to multiple, but you can find one that will be secure enough to sell to. I would really only sell to a reseller. I wouldn't go all in with 50b at one time though.

 

if you're looking for fast deals you should go with 0.40-0.45 and as he mentioned earlier sellin it to a reseller

 

Use PlayerAuctions or WesternUnion, i think that is the safest way.

 

How would I go about paying these taxes? I'm 17 and have never had a job before nor do I file taxes. I live in the US btw.

If I'm only selling $5-10k is it necessary? Can't I just say I'm receiving a gift etc

 

You can't claim it as a gift if the IRS comes knocking cause here in the US we do have a gift tax

And when you collect money at a Western Union rep you have to provide valid ID and show that you're 18 or over

 

you'd better sell to different ppl and use PA with the price of 0.55-0.7 since u need to pay high fee

 

You can't claim the money through WU if under 18. I strongly suggest you get help from your parents concerning taxes/WU. Sell in 5B increments to major resellers like Viou or video. You'll get around .4/M which is worth it for the safe trade.