Closing Thoughts
Research: Always do your own research. I have spent three years in active research and made my mistakes. I have recovered from them.
Try It:, if it doesn’t work, make a change, you aren’t locked in forever.
Sales Taxes: some states and countries charge sales tax, there is a lot of variability in how this is handled.
Gains and losses: as of 2025Feb, on the sale of precious metals are taxable federally and potentially at the state level.
Costing: Keep track of each cost of each group of units. Review Weighted Average Costing and how it works.
International transactions: These accounts may require additional reporting (FINCEN, IRS, State). Retain a tax attorney.
Exciting Time: This is an exciting time to get to know Star Money. There are so many new options and ways to interface with it.
Trust: Trust yourself.
Relevance: Star Money has been used for ages. It is very relevant for today.
Wealth: Star Money is wealth, it is not currency. It is beyond currency, especially fiat currency.
No Collectibles: Purchase bullion bars or 1 ounce coins. Do not buy collectables as they have very high premiums. Evaluate price to spot price. If there is a MS-XX designation, it is a collectible.
Dealers: Coin dealers buy back at a discount and sell at a premium, It is how they run their business. It isn’t unfortunate, it is how we support them.
Fun: Have Fun With It!