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(US) Did You Cash In When Silver Was High? Excellent Video Explaining IRS Reporting.

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Brandmeister's Avatar
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6473 Posts
 Posted 02/19/2026  8:38 pm  Show Profile   Check Brandmeister's eBay Listings Bookmark this reply Add Brandmeister to your friends list Get a Link to this Reply
I had to do this after college with some stocks that my grandfather gave me. No basis transferred between the accounts. It was not a fun process.
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NumisEd's Avatar
United States
5177 Posts
 Posted 02/19/2026  8:47 pm  Show Profile   Bookmark this reply Add NumisEd to your friends list Get a Link to this Reply
In my opinion, physical gold and silver are insurance for when SHTF. Not for trading. If you wanna trade, I think PSLV and SLV are better vehicles.
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jbuck's Avatar
United States
187862 Posts
 Posted 02/23/2026  10:59 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
If anyone is really interested in this, here's a link to a good discussion about the capital gains tax rules on gifts - https://legalclarity.org/what-are-t...es-on-gifts/
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