Investing in gold..

Good luck collecting the gold you invested in when the shit hits the fan.

I'm new to this stuff myself, so correct me if I'm wrong....
Gold stocks are not exchangeable for gold; they are not gold certificates. When you purchase gold stocks, you are purchasing shares of a gold mining company.
 
Physical gold and silver are wise investments but everyone considering doing just that should understand the tax implications. Physical metals are deemed collectibles so they are to be taxed 28% even if you own them for more than a year. Stocks are taxed at 15% for longterm gains(1 year ownership or more) so there is some benefit to the stocks provided they increase in value close to that of physical. The physical is usually the safer and many times the more successful investment over the past few years. Junior gold(precious metals) stocks probably provide the most bang for the buck provided you find the needles in the haystack. It all depends on your individual risk threshold, acceptable timeline and ability to do your due diligence. Of course if you think the financial markets are going to armegeddon buy the physical in gold and silver, buy a few guns and tons of ammo, buy a super duper safe and pray to whatever higher being of your choice for serenity.

Ahhhh, so that's what Dr. Paul is referring to when he talks about the precious metals tax. How does the government know how much silver/gold bullion you hold? Why are collectibles taxed? Was I supposed to be reporting my baseball/basketball/football cards when I was a kid?
 
whats the negative about just going somewhere local and picking up a american eagle or buffalo when i can afford it?
 
whats the negative about just going somewhere local and picking up a american eagle or buffalo when i can afford it?

Depends on your intentions. If you want it to "save money," then nothing.

However, if you want it for when the shit hits the fan.... you will only have a 1 ounce gold coin to barter with instead of 10 1/10 oz gold coins or ~50 ounces of silver coins.
 
Cooter that is a good question, I have wondered that myself. I have never sold physical, only bought online and have wondered if a local dealer would request a form to be filled out. If they didn't require a form to be filled out and I could purchase and sell with him in cash for physical and vice versa it would be great. Hopefully someone here can share an experience from the selling side. I have a feeling the govt. requires dealers to keep an inventory and receipts with names. And I would not be shocked if they passed a law to increase the taxes on precious metal sales much higher in the next few years to pressure less wealthy investors to cash in for fiat before the new higher tax rate would go into effect.
 
Depends on your intentions. If you want it to "save money," then nothing.

However, if you want it for when the shit hits the fan.... you will only have a 1 ounce gold coin to barter with instead of 10 1/10 oz gold coins or ~50 ounces of silver coins.

so if you want it for when shit hits the fan its better to have a bunch of the 1/10 oz coins? well heck i can just buy those ever chance i get. no?
 
I'm new to this stuff myself, so correct me if I'm wrong....
Gold stocks are not exchangeable for gold; they are not gold certificates. When you purchase gold stocks, you are purchasing shares of a gold mining company.

That exactly the point I was trying to make. Stocks are meaningless if the market crashes.
 
so if you want it for when shit hits the fan its better to have a bunch of the 1/10 oz coins? well heck i can just buy those ever chance i get. no?

That's my take on it. For instance, say you want to trade for a crate of food, and all you have is a 1 oz coin. You're kind of in a bad position to barter. However, if you have a stack of 1/10 oz gold coins, you have more options for dealing.
 
That's my take on it. For instance, say you want to trade for a crate of food, and all you have is a 1 oz coin. You're kind of in a bad position to barter. However, if you have a stack of 1/10 oz gold coins, you have more options for dealing.
makes sense. i just called a local coin shop and the smallest gold eagle is like $90 (gold) then $16 (there markup) then tax. im guessing that is the 1/10, but im not sure.


wonder if it wouldnt be better to buy silver now sinse its not as high?
 
I'm picking up some 90% silver coins and a couple silver american eagles. If TSHTF than it will be good to have smaller denominations instead of large value gold coins, but both are better than FRNs.
 
Grub, Guns, Gold & God...

You need to always first acquire basic preps to sustain
your family and survive months of turmoil on your own;
food, water, shelter, energy, medical, security, etc.

You'll be glad you did for a number of reasons; buying
in bulk now saves $ from inflationary higher prices later,
you'll have a food pantry and supplies buffer then for
any coming natural disasters and man-made disasters,
or even just a temporary loss of job or much worse, etc.

If preps are all gotten, and any paper wealth is left;
(dollars, mutual funds, bonds, stocks, annuities, etc)
then it's prudent to next diversify some significant %
of that remaining paper into physically held gold/silver.

BTW, if only buying a little of either, I prefer silver as it'll
likely double quicker and more often than gold historically.

If you can look at gold/silver more as simply one other
alternative method to store and preserve some of your
wealth buying power, rather than as an investment you
are watching swing up & down daily, you'll sleep better
at night.

The more prepared you are, physically with preps and
financially with gold/silver, then the less apt you are to
be panicked, stampeded, and herded into TPTB next
planned Draconian solutions for their created mess,
like the NAU and Amero and martial law or whatever.

Premier web site discussing prepping for all of the above,
that's also overwhelming pro Ron Paul, can be seen here...
www.timebomb2000.com

Panic Early & Beat the Rush!

- Shane
 
makes sense. i just called a local coin shop and the smallest gold eagle is like $90 (gold) then $16 (there markup) then tax. im guessing that is the 1/10, but im not sure.


wonder if it wouldnt be better to buy silver now sinse its not as high?

Yeah, that sounds like the 1/10 oz gold eagle. The spot value for 1 oz of gold is around $900 now.

I would start with silver; either American Eagles or 90% coins. Like Chibioz said, with silver you will have even smaller denominations available to you. Several guides to buying silver/gold that I read a few months back when I started buying precious metals suggest starting with silver, then diversifying into gold.

The one bad thing about silver is that it tarnishes. Not a big deal unless you're buying coins as collectibles (even so, you can get anti-tarnish strips).
 
Yeah, that sounds like the 1/10 oz gold eagle. The spot value for 1 oz of gold is around $900 now.

I would start with silver; either American Eagles or 90% coins. Like Chibioz said, with silver you will have even smaller denominations available to you. Several guides to buying silver/gold that I read a few months back when I started buying precious metals suggest starting with silver, then diversifying into gold.

The one bad thing about silver is that it tarnishes. Not a big deal unless you're buying coins as collectibles (even so, you can get anti-tarnish strips).
My opinion... as for gold, best to get 1 oz coin as they have a lower premium. The smaller the gold coin, the more you pay in dealer premium (amount tacked on to the actual gold value). So for larger amounts of your wealth storage, get 1 oz coins.

For smaller units, daily bartering, etc., get bags of "junk" silver US coins (90% silver).

Adjusted for inflation, gold and silver are very cheap now. To match it's high back in 80 or so, gold would have to be about $2300 (again, adjust for inflation), or so I read recently from an article on Kitco.com.

Be sure to hide it good!
 
My opinion... as for gold, best to get 1 oz coin as they have a lower premium. The smaller the gold coin, the more you pay in dealer premium (amount tacked on to the actual gold value). So for larger amounts of your wealth storage, get 1 oz coins.

For smaller units, daily bartering, etc., get bags of "junk" silver US coins (90% silver).

Adjusted for inflation, gold and silver are very cheap now. To match it's high back in 80 or so, gold would have to be about $2300 (again, adjust for inflation), or so I read recently from an article on Kitco.com.

Be sure to hide it good!
so if you went that route and didnt have the $900+ to drop, would you just save up the cash til you had it then buy the 1oz?
 
With the US Minted gold coins, like $5, $10, $50 coins, can't you just go to the bank, plop down a $100 bill, and say I want my US Treasury Gold Coins?? They can only be sold at face value from a bank, but they are solid gold, and a $50.00 coin is worth about $850 in FRNs based on the weight.

Just curious... I want to try it, but I want to make sure I'm not going to walk into the bank and get laughed at for wanting to get gold coins at face value.
 
so if you went that route and didnt have the $900+ to drop, would you just save up the cash til you had it then buy the 1oz?

No, I wouldn't wait. I'd buy junk silver US coins. Not silver dollars though as they have a premium tacked on. Get quarters and halves preferably. Maybe some dimes. Make sure if you get Kennedy halves that they are 1964 (later year Kennedys only have 40% silver... which of course there is value there and you'll pay less, but it's easier to keep track if you know everything is consistent at 90% silver, so I think it's best to not get later year Kennedys).
 
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