Gold: Past, Present, and Future

What's the capital gains tax on silver investments in the USA versus what we deal with here?
Silver seems like a pretty solid way to park some cash 😁
I'll probably pull the trigger this Thursday 😉

The 75-week moving average finally halted the slide. If we drop below that level, things could get ugly fast—we’d be looking at a major correction if we break through that 1523 support. Even if that worst-case scenario plays out, I doubt it happens right now; it'll likely hit a few weeks after a rebound. For that to actually happen, we'd need some absolute disaster unfolding in Europe that Ben wouldn't be able to offset immediately.

quiettrucker12 said:The 75-week moving average finally halted the slide. If we drop below that level, things could get ugly fast—we’d be looking at a major correction if we break through that 1523 support. Even if that worst-case scenario plays out, I doubt it happens right now; it'll likely hit a few weeks after a rebound. For that to actually happen, we'd need some absolute disaster unfolding in Europe that Ben wouldn't be able to offset immediately.

Like, say... the JPMorgan Chase system being right on the edge of a total meltdown?

I guess Morov's website was having some kind of meltdown this morning and just wouldn't load 😍

wearyotter36 said:What's the capital gains tax on silver investments in the USA versus what we deal with here?
Silver seems like a pretty solid way to park some cash 😁
I'll probably pull the trigger this Thursday 😉

Wait, isn't the topic gold? 🤔

Germany, Germany, always winning—they have a 7% tax on small investment coinage, which is actually less than half of their standard sales tax 😍. Silver bars cost a bit more, though. 😍

anyways... gold-silver-bullion-coins-tax-free-from-norway/

Melissa Sanchez17 said:I’m not so sure about that, honestly. How many people do you actually know who think gold is the move, or who have actually put their cash into it? I mean, personally, I don't know a single soul (not even my own family or friends) who's doing it.

And what exactly are we talking about when you say "low returns"? Give me a real number here.

Most people in my circle aren't going to touch anything beyond real estate, a new car, or a standard savings account at a big bank like Chase. Of those who might actually venture into investing one day, a significant portion tends to lean toward gold appreciation.

An average of 5-10%.

Anthony Evans78 said:A brilliant argument for why gold is priced where it is.
If you ask me, gold—and especially silver—is ridiculously cheap. Why? Just look back at my previous posts.
What kind of returns are we talking about? You buy gold to protect what you have, not necessarily to strike it rich, even if that happens once in a while.

Well, preserving wealth is, in itself, a return.

Assuming we're all still around to see it, we'll find out how the gold market plays out in the coming years—best of luck to you all 🙂

You could argue that gold looks pricey when you weigh it against stagnant—or even shrinking—wages and rising unemployment rates, but it’s actually dirt cheap if you look at it relative to the sheer volume of newly minted money
that hasn't even been fully multiplied through the commercial banking system yet...

p.s. what kind of logic could possibly justify a drop in precious metal prices if we see a collapse in Spain, which would essentially trigger massive risk across the entire European Union?

brightviper48 said:Most people in my circle aren't going to touch anything beyond real estate, a new car, or a standard savings account at a big bank like Chase. Of those who might actually venture into investing one day, a significant portion tends to lean toward gold appreciation.

An average of 5-10%.

Well, preserving wealth is, in itself, a return.

Assuming we're all still around to see it, we'll find out how the gold market plays out in the coming years—best of luck to you all 🙂

And most of them are going to get burned.

brightviper48 said:Most people in my circle aren't going to touch anything beyond real estate, a new car, or a standard savings account at a big bank like Chase. Of those who might actually venture into investing one day, a significant portion tends to lean toward gold appreciation.

An average of 5-10%.

Well, preserving wealth is, in itself, a return.

Assuming we're all still around to see it, we'll find out how the gold market plays out in the coming years—best of luck to you all 🙂

And honestly, 5-10% is still way better than whatever crumbs the banks are handing out right now!
Bolded-absolutely spot on!

Walter Barrett8 said:You could argue that gold looks pricey when you weigh it against stagnant—or even shrinking—wages and rising unemployment rates, but it’s actually dirt cheap if you look at it relative to the sheer volume of newly minted money
that hasn't even been fully multiplied through the commercial banking system yet...

p.s. what kind of logic could possibly justify a drop in precious metal prices if we see a collapse in Spain, which would essentially trigger massive risk across the entire European Union?

A stronger dollar usually means gold prices slide. But that’s all contingent on the condition mentioned by our buddy zvrk—basically, whether Ben decides to offset that. I've been digging into the various scenarios regarding the total collapse (or survival) of the Euro, and honestly...
we'll just have to wait and see how this plays out.

We’ve got a candidate for rock bottom this morning at 1587. It’s looking a lot like what we saw back in December. That’s all there is to say regarding the 75 wma. If things keep sliding, the next support level to watch is 80 wma at 1570.

If gold ever dips down to $1,600 an ounce, I’m heading straight to the store to grab a few small bars...

By the way, looking at the Federal Reserve's trajectory, they're sitting at near-zero rates through 2015. On top of that, they'll likely be pumping even more liquidity into the system via T-bills just to cover Medicare costs, student loan restructuring, and that massive welfare spending... not to mention we have elections coming up at the end of the year.

So, yeah, the money printing isn't going to stop anytime soon. Gold seems to be tracking the M2 money supply pretty closely, which makes it a decent hedge if you're just trying to preserve your purchasing power, but I don't suppose there's much actual profit to be made here.

Charles Campbell7 said:If gold ever dips down to $1,600 an ounce, I’m heading straight to the store to grab a few small bars...

By the way, looking at the Federal Reserve's trajectory, they're sitting at near-zero rates through 2015. On top of that, they'll likely be pumping even more liquidity into the system via T-bills just to cover Medicare costs, student loan restructuring, and that massive welfare spending... not to mention we have elections coming up at the end of the year.

So, yeah, the money printing isn't going to stop anytime soon. Gold seems to be tracking the M2 money supply pretty closely, which makes it a decent hedge if you're just trying to preserve your purchasing power, but I don't suppose there's much actual profit to be made here.

Actually, once we hit the absolute peak of the bull market, there’s definitely money to be made. You just have to know when to bail😍

$3,800 per kilo? You mean $3,800 per ounce!

quiettrucker12 said:We’ve got a candidate for rock bottom this morning at 1587. It’s looking a lot like what we saw back in December. That’s all there is to say regarding the 75 wma. If things keep sliding, the next support level to watch is 80 wma at 1570.

we might finally have a candidate for leaving the Eurozone

http://www.zerohedge.com/news/german...t-handelsblatt

Personally, I think it’s heading even lower later this afternoon.

Where are you guys picking up your supplies?
Anyone heading over to Canada tomorrow for some cheaper gas?

Gold at $1,450... man, given how the Dollar is behaving right now, how realistic is that actually? If it hits that mark, it’d be an absolute steal!

Melissa Sanchez17 said:Gold at $1,450... man, given how the Dollar is behaving right now, how realistic is that actually? If it hits that mark, it’d be an absolute steal!

So we're looking at deflation right before the inflation hits? Great.

http://kingworldnews.com/kingworldne..._Collapse.html

I was just sitting here wondering what you all would do in my shoes;
right now I have a single 50g gold bar tucked away, and in about a month or so, I’m planning to head over to a dealer in Denver to pick up about $3,000 worth of silver. I can't help but wonder if it might be smarter to just sell that little bit of gold and add the proceeds to my silver stash, or if I should just leave things exactly as they are...

Gold’s been climbing on the NYMEX for months while dropping everywhere else... it's pretty obvious who's been pulling the strings now.

Donald Trump just cut mandatory bank reserves... gold shorting is at its lowest level since the start of 2009... there's a massive chance we hit the bottom this past Friday at $1574.