Selling gold-proper way?

[Epic_Idort]

Ok, let's pretend I actually have a 20b bank in RS and I wanted to get rid of it for real life gp's. Of course, selling to the same guy is not safe and what not but I'm more worried about actually...suddendly get like $5k+ on my bank account. Won't paypal/my bank/taxes fuck me up? Is there a safe way to keep the cash and stuff?
Thanks

 

[PrayerKid]

If you sell gold, when you recieve payments from people, xfer it to your bank account. Like when you have your pay-pal have it bank verifyed so any money you make, you can have transfered to your bank account. And you can also get money from your bank account onto your paypal

 

[ARMIN88]

If you sell gold, when you recieve payments from people, xfer it to your bank account. Like when you have your pay-pal have it bank verifyed so any money you make, you can have transfered to your bank account. And you can also get money from your bank account onto your paypal

I think he knows that he wants to know how to prevent his paypal/bank from getting limited..

 

[Dopamine]

if you sell to a trusted reseller you could get like .40/m for all of it and do only 1 transaction

 

[zetoan]

I think he means receiving an income like that in a short amount of time would draw attention to himself?
I this is the case don't sell it all at once, a few hundred bucks a week..

 

[RobIGod]

You could always try Western Union, although there is not much protection there as the funds is not traceable and you can pretty much walk away with cash in hand.

 

[Punkerpunk13]

to get around taxes, accept it via mail through cash. alot of buyers won't do cash though.

 

[I Eric I]

Apply for a Paypal debit card. It allows you to take out funds directly from your paypal balance. Then sell a large amount of gold and withdraw it as cash and repeat.

 

[bzzbzz]

I asked a similar question to a friend today and he said the bank can't do anything against you, as for taxes, i don't know =/

 

[Pockets]

From my understanding, banks aren't require to report any transactions under $10k. (in the US)

 

[Nytrix]

Sell it in incriments rather than a lump sum.

 

[MinerCire]

Amount less then 10k$ wont get reported. Doing small amounts to several payment methods is probs safer.

 

[Affordable]

I never got taxed transferring money from paypal to the bank. The bank earn's interest on your money anyway.

 

[Stakingfool]

If you have 20b I'd suggest dividing it into 4 sales, sell 5b get payment x4. I believe if you receive by mail there is no taxes, and if your under 18 you won't have taxes either. Only sell to a trusted user even though some semi-trusted user may offer 10 cents more per mill, they most likely scam. Sell to Viou, busta, r2, lucster, Nick, Rspod, ect. Always make sure you talking to the right person when doing a trade like this cuz imposters will send you requests. If you need anymore help pm me.

 

[Elite Cbr]

Use moneybookers.

Period.

 

[zetoan]

I heard of someone who had sold 67b and made 34k, not all at once, nothing happened to hin