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Gold: Past, Present, and Future

Started by Melissa Sanchez17 · · 👁 264 views · 3K replies

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Participants Melissa Sanchez17dustyheron5quiettrucker12Anthony Evans78Sean Carteranalogharbor44feralpuma12ironstag8Amanda Carter7lonehawk5briskjackal5Andrew Barrett4Dennis Fisher5granitegull51Zachary Mendoza2Christian Miller14neondriver5George Sullivan902nimblepanther18Jerry Wright6Patrick Moore3wearygull4Taylor Robinson51wearyotter36 …
Andrew Barrett4 Andrew Barrett4 Active Member
163 messages
joined Jan 2018
#1441 ·
Here’s a little more food for thought:

If you manage to keep that metal far enough away from the tax man's eyes, I guess that just means it isn't officially logged as an asset. Maybe that's the trick to it all, though I suspect nothing stays hidden forever.
When people talk about assets not being part of the marital estate during a divorce, it basically means those specific things aren't up for grabs when you start splitting everything up. I guess it boils down to the distinction between "marital property" and "separate property." In the US, most states follow some version of community property or equitable distribution laws. Usually, anything you acquired or earned during the marriage is considered joint property—meaning it’s part of that shared pot that gets divided. However, if an asset isn't included in that mass, it means it stays entirely with one spouse. This typically happens with things like an inheritance you received privately, a gift given specifically to just one of you, or property you owned long before you ever said "I do." If you had a savings account at Chase before the wedding and you never mixed those funds with your joint paycheck, that money usually remains yours alone. It’s a bit of a legal gray area sometimes, though; if you start using your pre-marital savings to pay off a joint mortgage, a judge might argue you "commingled" the funds, effectively turning separate property into marital property. It can get messy. But in short, if it doesn't enter the marital estate, the other person has no legal claim to it.
What’s the takeaway here? I guess you could say: first come, first served—and the prize is her. Or maybe just, whoever gets there first wins the girl. It’s one of those old-school sayings, isn't it? A bit cynical, perhaps, but that's how things often play out in the real world. 😍

So, let me ask you all again, just for the sake of clarity: who exactly are you planning to tell, and if you even bother to say anything at all? 😬 🤣

Imagine a scenario where you just stay quiet—don't say a word to anyone, don't vent, don't leave a trail—and then something happens to you. It’s an interesting thought, I guess. Maybe it's about that specific kind of isolation where you carry everything internally, thinking you're being strong or just avoiding the hassle of explaining yourself to people who won't get it anyway. But there's a certain weight to it, isn't there? If you don't signal what's going on, then when things finally go sideways, it feels like it comes out of nowhere, even if you saw it coming. It's almost like a self-imposed vacuum. You end up standing there, staring at the fallout, wondering if the silence was worth the peace it bought you in the moment. I don't know. It feels a bit heavy to dwell on, but it's a situation that probably happens more often than we care to admit.

I’m mostly just messing around here, but I suppose you really ought to factor in those little "personal variables"—you know, things like your current life situation or whatever long-term plan you've got mapped out—whenever you're making investment decisions. It's easy to get lost in the numbers, but maybe the context of your own life matters more than the charts suggest. I guess it's worth considering.
Anthony Evans78 Anthony Evans78 Regular
371 messages
joined Feb 2019
#1442 ·
A private well is a solid choice, though it isn't exactly easy to come by 😉
There are endless ways to stay under the radar. Just tailor everything to your own resources and you'll be fine 🙂
Anthony Evans78 Anthony Evans78 Regular
371 messages
joined Feb 2019
#1443 ·
Someone’s going to stumble upon this one day and realize they hit the jackpot 😁
dustyheron5 dustyheron5 Regular
353 messages
joined Nov 2015
#1444 ·
Andrew Barrett4 said:It’s probably best to stash metals somewhere a detector can’t reach. Maybe inside some wood or even down a well 🤣

By the way, I recently got into a bit of a debate with my husband about this. He isn’t exactly a fan of precious metals—he doesn't really believe in anything that doesn't have "tangible value" just sitting there. In investment terms, he’s more of a "frugal builder" type; he’d rather just buy land or build something. To him, a brick is a brick. If I start talking about how bricks don't actually create value but instead just generate ongoing costs, we'll be here all night because he immediately pivots to "utility." (I suppose if you read between the lines, there's a lot of these kinds of debates before any major purchase, since investment decisions aren't solo acts—they're joint ventures)

In a last-ditch effort to make him understand, I tried explaining it using a Pokémon analogy 🤣
Every one has its own "powers," but they also have their "demons"—basically, pros and cons. You pick your weapons, or your Pokémon, based on the situation you're facing. And right now, the situation feels like one where you simply need to have some gold and silver "Pokémon" in your lineup. There's a very real chance things could play out in a way where you won't have much to pay with if you haven't prepared.

The downside of metals really just comes down to their physical nature—the fact that metal is metal and has its own set of properties

>>just smaller bullion or coins.
>>store them where they stay out of sight.
>>never keep all your metal in one single spot.
>>and of course, never put all your wealth into one single asset class (including metals).

Well done—you have the mindset of a serious investor. You might not strike it rich overnight, but your grasp of the fundamentals is solid.🎉 Just stay away from those "finfluencers" who preach putting everything into one single asset; if you follow them, you're asking for trouble.😂
Andrew Barrett4 Andrew Barrett4 Active Member
163 messages
joined Jan 2018
#1445 ·
dustyheron5 said:Well done—you have the mindset of a serious investor. You might not strike it rich overnight, but your grasp of the fundamentals is solid.🎉 Just stay away from those "finfluencers" who preach putting everything into one single asset; if you follow them, you're asking for trouble.😂

Are you kidding me? 😢

Honestly? I’d actually be happy if I managed to lose as little wealth as possible over the next decade.

.....

Also, that person over in the other thread is implying that metal doesn't have any intrinsic value. (In general, I've noticed that people coming out of the University of California and similar institutions tend to be pretty skeptical. Here's another example.) They mentioned the "biggest bubble ever." That's not exactly news, I suppose, assuming the timeline is long enough. ☕
But just because a bubble is inflating doesn't mean you can't ride that train and make a little money along the way. Whether you're holding physical bullion, paper gold, mining stocks, or ETFs—those are all different kinds of "Pokémon," each with its own set of pros and cons.

The downside of physical (at least in my experience) is that it's incredibly hard to time the bottom. There are two main reasons for that:
a) Because you have to plan trips to a different state or cross a border to shop, which means taking a day off just to stay under the radar of the IRS. (Luckily, I live near the border, but still.) It’s not exactly convenient.
b) And if you want small denominations, there's always a shortage, so you have to pre-order. You basically just have to guess the date...
Physical is also harder to liquidate. You need an actual exit strategy. Then there are the acquisition costs, which you have to recoup through price appreciation, not to mention everything else. That's why, for instance, I haven't bought anything since the summer; I'm just waiting.

Paper gold is MUCH easier to sell. But the flaw with that particular "Pokémon" is that when the big players start jumping ship, you might find yourself unable to offload it to anyone. Which implies you have to monitor the situation constantly and time your escape perfectly.

A lot of the goldbug websites don't recommend paper gold. However, in my opinion, it's a perfectly fine way to turn a profit, even if the risk is higher. That is, provided you aren't greedy. Timing is everything. 😍

Regardless, there isn't any asset out there that will make you "set for life" while you sleep. Not even precious metals. And that whole "buy and forget" mantra is usually more about minimizing tax headaches than actually forgetting about the investment. Once you've committed to something, you really ought to manage it. If someone isn't prepared for that, they probably shouldn't be getting involved at all. "Nothing to worry about" is often just another way of saying you have nothing left to lose. 😂
Benjamin King2 Benjamin King2 Active Member
138 messages
joined Apr 2007
#1446 ·
Andrew Barrett4 said:It’s probably best to stash metals somewhere a detector can’t reach. Maybe inside some wood or even down a well 🤣

By the way, I recently got into a bit of a debate with my husband about this. He isn’t exactly a fan of precious metals—he doesn't really believe in anything that doesn't have "tangible value" just sitting there. In investment terms, he’s more of a "frugal builder" type; he’d rather just buy land or build something. To him, a brick is a brick. If I start talking about how bricks don't actually create value but instead just generate ongoing costs, we'll be here all night because he immediately pivots to "utility." (I suppose if you read between the lines, there's a lot of these kinds of debates before any major purchase, since investment decisions aren't solo acts—they're joint ventures)

In a last-ditch effort to make him understand, I tried explaining it using a Pokémon analogy 🤣
Every one has its own "powers," but they also have their "demons"—basically, pros and cons. You pick your weapons, or your Pokémon, based on the situation you're facing. And right now, the situation feels like one where you simply need to have some gold and silver "Pokémon" in your lineup. There's a very real chance things could play out in a way where you won't have much to pay with if you haven't prepared.

The downside of metals really just comes down to their physical nature—the fact that metal is metal and has its own set of properties

>>just smaller bullion or coins.
>>store them where they stay out of sight.
>>never keep all your metal in one single spot.
>>and of course, never put all your wealth into one single asset class (including metals).

Honestly, just buy out a whole poultry farm and turn all those chickens into solid gold—I promise you nobody is going to be scanning individual birds with a metal detector. 😁
Anthony Evans78 Anthony Evans78 Regular
371 messages
joined Feb 2019
#1447 ·
Andrew Barrett4, just a couple of quick thoughts from my side 🙂
If you're looking to lose as little as possible over the next decade, nothing beats holding physical precious metals. At the very least, you’ll preserve your purchasing power, and if everything completely falls apart... well, all bets are off 🙂
Secondly, getting your hands on the physical stuff is actually pretty easy nowadays; you just have to do a little digging. It was easy even back when things were uncertain here before we joined the United Nations. And if you have to look outside the country, you don't even need to 😁
Andrew Barrett4 Andrew Barrett4 Active Member
163 messages
joined Jan 2018
#1448 ·
Anthony Evans78 said:Andrew Barrett4, just a couple of quick thoughts from my side 🙂
If you're looking to lose as little as possible over the next decade, nothing beats holding physical precious metals. At the very least, you’ll preserve your purchasing power, and if everything completely falls apart... well, all bets are off 🙂
Secondly, getting your hands on the physical stuff is actually pretty easy nowadays; you just have to do a little digging. It was easy even back when things were uncertain here before we joined the United Nations. And if you have to look outside the country, you don't even need to 😁

I look at it this way:
so, if you take that classic asset allocation and just strip out bonds—because I don't hold any.
What’s left is real estate, land, precious metals, securities, and cash.
When I talk about total assets, I include my pension and my debt (like a mortgage and things like that).

However, I also categorize them differently:
conservative assets, medium risk, and high risk.
Each category is handled in a different way.

Regarding cashing out physical stuff, the issue isn't where to do it, but whether there is enough spread between what you paid + fees and the price at the moment you actually need the money. Around here, there are plenty of places to sell, and don't even get me started on Craigslist. 😁

But the trust factor during the sale isn't really an issue for me. It's the buying part. I wouldn't dare buy anything through some random classified ad. With authorized dealers, they keep records of who bought what. That's why I prefer going the safe, certified route, even if it means looking abroad. Given all the complications I mentioned.
Andrew Barrett4 Andrew Barrett4 Active Member
163 messages
joined Jan 2018
#1449 ·
Let me reiterate, just like I promised Lee Chanu

1.) We have laws that allow for the seizure of gold—laws that basically state the government can trigger confiscation protocols under "special circumstances." The problem is, they never actually define what those "special circumstances" are. Federal Financial Regulations - Section 26
2.) And since 2011, we’ve had this NEW regulation stating that Americans need specific permits to trade or hold precious metals held outside the country.

The whole thing was pushed because people maintain multi-asset accounts—currency, bonds, stocks, gold in a safe deposit box—somewhere like Switzerland or wherever, and until now, they were only required to report cash to cover interest taxes. Now, suddenly, they’ve decided that gold needs to be reported too.

I guess it’s strange, though, because you don't earn interest on physical gold, so there isn't really anything for the IRS to tax. 🙂

This snippet from the attachment is short enough to translate. Even the title is pretty telling, honestly:
Preparing for gold confiscation
Quote:
Back in March, the Jersey-based precious metals dealer “Goldmoney” informed its American clients that they would temporarily stop opening new accounts for U.S. residents. Existing accounts could still carry out transactions. This was due to an upcoming regulatory change by the SEC.

Fast forward six months, and that "temporary" freeze on new accounts has become permanent. Goldmoney is currently locked in a legal battle with the SEC, which argues that a specific license is required to sell gold to American citizens.
In March of this year, Goldmoney, which is based out of Jersey, decided that American citizens could no longer open accounts with them for trading metals. This decision followed the implementation of a controversial rule introduced by the SEC—something similar to the FINRA. Existing accounts seem to be functioning without issue for now.

We are now six months down the line, and Goldmoney has shifted its stance from a "temporary" restriction to a permanent one. They are essentially clashing with the SEC, which maintains that selling or holding gold requires formal authorization for Americans.
👏
This move is particularly glaring because, technically, you don't need a permit just to own gold in the States; you only need one if you're actually in the business of selling it. BUT, since every purchase of investment-grade gold is recorded at the point of sale, the Treasury can easily track who owns what. To me, it all looks like they are laying the groundwork for potential confiscation measures—making it a very real possibility.

Personally, I don't see much sense in playing along with these absurd rules. [I'm calling it now! 🙂 ]
So, buying through another country or using a different passport isn't some wild exaggeration; it's just reacting to the reality of the situation.
Anthony Evans78 Anthony Evans78 Regular
371 messages
joined Feb 2019
#1450 ·
There’s no way I’m leaving a paper trail just because I wanted to buy some Tribal Wars credits.
I'm not letting the government snatch away the tiny bit of freedom I have left. Just because something is legal doesn't mean it's right, does it?
Andrew Barrett4 Andrew Barrett4 Active Member
163 messages
joined Jan 2018
#1451 ·
Benjamin King2 said:Honestly, just buy out a whole poultry farm and turn all those chickens into solid gold—I promise you nobody is going to be scanning individual birds with a metal detector. 😁

those little guys are basically walking gold bullion anyway 😍

🤣
dustyheron5 dustyheron5 Regular
353 messages
joined Nov 2015
#1452 ·
A colleague of Taylor Swift's deputy mentioned that the IRS will soon be able to track (and tax) everything you try to hide😛—except for whatever you keep tucked away at home...😉...🙂
Anthony Evans78 Anthony Evans78 Regular
371 messages
joined Feb 2019
#1453 ·
Just another reason to stay off the grid as much as I can.
Andrew Barrett4 Andrew Barrett4 Active Member
163 messages
joined Jan 2018
#1454 ·
it’s like your little buddy thinks he’s got all the answers, but honestly? I think he just wants me to hand him his dignity on a silver platter 😁
lonehawk5 lonehawk5 Active Member
161 messages
joined Oct 2012
#1455 ·
Looks like I'm about to see my 1 again. $761.00 😁

Maybe I'll actually help those exhausted bulls out this time...
dustyheron5 dustyheron5 Regular
353 messages
joined Nov 2015
#1456 ·
lonehawk5 said:Looks like I'm about to see my 1 again. $761.00 😁

Maybe I'll actually help those exhausted bulls out this time...

From what I can gather, there aren't any bulls in sight here 🤣
—it's just horses on one side and the Federal Reserve on the other.😍
Anthony Evans78 Anthony Evans78 Regular
371 messages
joined Feb 2019
#1457 ·
And the sheep... I’d just add 😁
Andrew Barrett4 Andrew Barrett4 Active Member
163 messages
joined Jan 2018
#1458 ·
it's

a true Oracle animal farm😂🤣

anyway, does anyone actually know why "In God We Trust" is printed on US dollars?

Ever since they ditched the gold standard, I guess it's more like: In Go(L̶ )d we trust 😂
rapidranger54 rapidranger54 Member
17 messages
joined May 2023
#1459 ·
Andrew Barrett4 said:it's

a true Oracle animal farm😂🤣

anyway, does anyone actually know why "In God We Trust" is printed on US dollars?

Ever since they ditched the gold standard, I guess it's more like: In Go(L̶ )d we trust 😂

I was reading some data today—purely by chance—noting that the USA holds over 8,000 tons of gold reserves, while the Chinese man's country holds barely 1,000. At least in terms of national reserves. Suddenly, this whole discussion about rising demand and prices makes more sense. Why would China lag so far behind the USA in gold holdings? It seems almost childish. Like asking why one kid in preschool has a worse phone than the other.🙂
lonehawk5 lonehawk5 Active Member
161 messages
joined Oct 2012
#1460 ·
lonehawk5 said:Looks like I'm about to see my 1 again. $761.00 😁

Maybe I'll actually help those exhausted bulls out this time...

Here we go again...😁
Those bad traders.. dumping gold yet again😍

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