Even only as far back as January you would be in pretty good shape right now, up 35% or so?

Silver not too bad either, gonna break $20 soon, was at $12 around January I think.

You know you never pay sales tax when you purchase physical metal and never pay capitol gains or income tax on your earnings, its a pretty good deal. Also no one can confirm or audit your wealth held in physical metals as long as you maintain possession which means you are under no burden to declare it so it does not count as taxable wealth.

I have a gold tooth. Something to fall back on for retirement.

When society collapses and you are sitting on a pile of gold, do you BBQ it, or is it better steamed?

Do you throw it at Bigfoots to scare them away, or will Bigfoots pick up a Gnome and throw one at you in response?

Fish on...

Todd

The only gold Rich has is the fodder for our jokes at his expense.

Rich is correct that gold has been quietly going up... along with my investment portfolio containing gold ETF’s. No you can’t eat it, wipe your ass with it, and it cannot block the government from spying on you, but in an investment portfolio it has considerably more utility than cash.

I agree that gold is a good investment opportunity, I just think that when society collapses no one will care that you have a bunch of gold locked in a bank vault somewhere.

Fish on...

Todd

We inherited a bunch of silver and gold. Lots of positives about them, but you have to sell them to use them. With our stocks, bonds, and other stuff we can live off of the dividends, interest, and so on so that it is a constant source of funds.

Rich

When the collapse comes, I'll sell you a fresh walleye for 10 lbs of gold.

I'll need it to make sinkers.

You don’t need to if you buy physical gold... which is his point.

United States Vs. Sullivan. 1927. The Al Capone Rule and how they were finally able to make the bust. The IRS literally gives fvck all about where you earned your money, legal or illegal. Sell drugs to needy children for all they care - just as long as you give them their cut.

The old saying "death and taxes" is the old saying for a reason. I thought everyone knew the reasons why that's an old saying by now? Guess not.

"While many tradable financial securities, such as stocks, mutual funds, and ETFs, are subject to short-term or long-term capital gains tax rates, the sale of physical precious metals is taxed slightly differently. Physical holdings in gold or silver are subject to a capital gains tax equal to your marginal tax rate, up to a maximum of 28%. That means individuals in the 33%, 35%, and 39.6% tax brackets only have to pay 28% on their physical precious metals sales. Short-term gains on precious metals are taxed at ordinary income rates."

This is my shocked face, that you can't see.

I doubt an under the table tax evading mushroom chomping handyman is anywhere near a marginal tax rate that would render owning gold immune to capital gains taxes.

I am also pretty sure that owning a pile of gold when the predicted fall of society...on a Tuesday, no less...happens, will get you anywhere.

When zombies, Bigfoots, and Gnomes come looking to rape your wimmins and eat your food, Rich, I doubt they will take gold as a comparable pay out.

Neither will anyone else in the entire world. Just like fiat currency, pretending that a shiny rock has any inherent value at all is an entirely societal construct, too.

Fish on...

Todd

Evo should know this stuff very well.

Doesn't he trade in gem stones and precious metals.

Are caddies considered precious metals?

That made me LOL,the handyman

lol

These people are stupid

I don't think you can avoid paying taxes in this country unless you are very rich or own a large corporation.

I have never attempted to avoid paying taxes.

Now, Rich speaks the truth!

Is working for cash illegal? Last time I checked you could do that.

I have never sold Gold or silver, so I have never taken profits.

Any argument regarding Gold being a stupid investment is hogwash. If you purchase Gold and Silver you never really loose money no matter what the cost. Its a hedge against inflation because its real money and a store of wealth, everything is compared against it as the only true measure of value.

You will see, Gold and Silver will be the only measure of value left standing in the near future. When it is the only measure of value left, it has to account for a whole lot of wealth, all other physical assets will go down in value compared to Gold and silver which will go up. Its a fixed measure unlike Fiat which is an unlimited measure. Everything currently valued in FIAT needs to be revalued in Gold/SIlver. Most physical assets will go down 90 to 95%, including real estate and bonds.

I don't think most of you even have the ability to comprehend how high gold and silver will go. You will see allot of people get rich of silver, people made into millionaires by today's standards on modest investment. If you have 20 to 30 thousand in physical silver, you will have over a million dollars in purchasing power once things change over.

Don't believe me? I told you years ago to load up, if you didn't listen your phuckin loss.

There is going to be a time in the near future for a short window of 10 to 14 days, cash will be king and then worthless. If you have cash during that window you could get some real good deals. After that window is closed Gold and Silver will be king. If you have gold or silver coinage you will be able to get whatever you want, it will be a buyers market on everything. Its difficult to say how much you could get with a few ounces of silver, a decent car easy.