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Vlad_The_Impaler on scored.co
10 months ago4 points(+0/-0/+4Score on mirror)1 child
gold
it only goes sideways or up. It doesn't crash long term.
Also with 2 trillion annual deficits, the old 2% annual inflation is history. new inflation will be average 4% or more per year and they'll keep manipulating to try to make it look lower than it really is.
So gold right now at $3300 per ounce will be $4000 per ounce in about a year. That's easy 20% gain versus whatever shit 4-5% you get via a CD. Also the gold no one knows you have. And you don't pay any tax on it. You can sell it and pocket the cash later. Whereas the bank is automatically reporting all your interest income directly to the IRS, not even leaving it to chance that you report it yourself.
If gold were a bad investment, the jew central bankers wouldn't be hoarding it.
I think we had this discussion before. There's too much of a "tax" going in and getting out, and not enough appreciation in the middle, so you end up walking away with what you put in. I've done the math given previous 5-year periods. Compared to CDs -- when you factor in your fees going in and getting out -- gold sucks ass!
If cash were so useless, the jews wouldn't be selling you their gold for your "useless" paper. They steal your appreciation in fees.
10 months ago2 points(+0/-0/+2Score on mirror)2 children
Coin shop near me sells Canadian minted gold coins for 3% above spot.
No sales tax
The premium is way less than you pay in sales tax when you buy anything else. Yet no one complains about sales tax.
If you bought a one ounce gold coin one year ago you would have had to pay $2400 plus $75 premium for Canadian gold maple leaf 24k .9999% pure gold coin. And you could sell It for spot $3275 today. That's $800 profit in one year, after factoring in premium fees. 32% annual return after premiums.
Which CD is paying over 32% ?
Silver is up 10% in just the last 30 days.
The interest income the bank reports on your CD nails you for interest income tax that costs more than they premium you pay for a gold coin. The premium is the price you pay for a highly trusted mint to melt and stamp the coin with its security features.
When I sell my gold coin to coin shop, sure they only give me spot price. So they charge 3% more for a gold coin than they pay for it. That's a thin margin. But I get cash and the coin shop doesn't report anything to IRS as long as we transact less than $10k. Which should be raised but trump and Congress are useless
Also when you buy a CD you let the bank keep your money on deposit, which they then use to lend out 10x as much, thereby inflating the money supply and further eroding away your savings. By putting your money in the bank, you give them permission to print more money since they are allowed to lend many times more what they keep on deposit.
10 months ago2 points(+0/-0/+2Score on mirror)1 child
the laws are different in every state, but i believe that sales tax is NOT applied to most sales of gold in most states. Research the laws in your own state. I would even argue that it is unconstitutional to tax gold since the USA constitution says gold and silver coins are the only official use of currency exchange, arguably making the federal reserve note illegal since they don't have gold reserves to back it up.
Also, nothing prevents you from just driving to the closest state and buying up gold. Some people travel a few hundred miles, cross state lines to invest thousands into gold and silver.
Another mistake i made was constantly worrying about the price and waiting to buy the dip. Well, gold kept going up and up and up while i was waiting to buy a dip. So i learned to just buy it when i have too much cash and average my cost in. Now every gold coin i've bought is worth more than whatever i paid for it year(s) ago.
Also: if you buy LESS than one ounce at a time, then premiums will indeed eat away at your profit significantly. they sell 1/10th ounce coins and 1/2 ounce coins. I avoid fractionals. If i don't have enough to buy a whole ounce at a time, then i just wait and save up more money. It costs just as much labor to mint a half ounce coin as it does to mint a one ounce coin. so you will pay the same premium despite only getting half as much gold.
Some guy did a youtube video how he tried to make interest on his bitcoin. He transferred it to an exchange and the exchange went bankrupt and he lost his entire family's savings of 2 bitcoin. https://www.youtube.com/watch?v=dOXPI8fx9b8
it only goes sideways or up. It doesn't crash long term.
Also with 2 trillion annual deficits, the old 2% annual inflation is history. new inflation will be average 4% or more per year and they'll keep manipulating to try to make it look lower than it really is.
So gold right now at $3300 per ounce will be $4000 per ounce in about a year. That's easy 20% gain versus whatever shit 4-5% you get via a CD. Also the gold no one knows you have. And you don't pay any tax on it. You can sell it and pocket the cash later. Whereas the bank is automatically reporting all your interest income directly to the IRS, not even leaving it to chance that you report it yourself.
If gold were a bad investment, the jew central bankers wouldn't be hoarding it.
If cash were so useless, the jews wouldn't be selling you their gold for your "useless" paper. They steal your appreciation in fees.
No sales tax
The premium is way less than you pay in sales tax when you buy anything else. Yet no one complains about sales tax.
If you bought a one ounce gold coin one year ago you would have had to pay $2400 plus $75 premium for Canadian gold maple leaf 24k .9999% pure gold coin. And you could sell It for spot $3275 today. That's $800 profit in one year, after factoring in premium fees. 32% annual return after premiums.
Which CD is paying over 32% ?
Silver is up 10% in just the last 30 days.
The interest income the bank reports on your CD nails you for interest income tax that costs more than they premium you pay for a gold coin. The premium is the price you pay for a highly trusted mint to melt and stamp the coin with its security features.
When I sell my gold coin to coin shop, sure they only give me spot price. So they charge 3% more for a gold coin than they pay for it. That's a thin margin. But I get cash and the coin shop doesn't report anything to IRS as long as we transact less than $10k. Which should be raised but trump and Congress are useless
Also when you buy a CD you let the bank keep your money on deposit, which they then use to lend out 10x as much, thereby inflating the money supply and further eroding away your savings. By putting your money in the bank, you give them permission to print more money since they are allowed to lend many times more what they keep on deposit.
Oregon or New Hampshire?
Also, nothing prevents you from just driving to the closest state and buying up gold. Some people travel a few hundred miles, cross state lines to invest thousands into gold and silver.
Another mistake i made was constantly worrying about the price and waiting to buy the dip. Well, gold kept going up and up and up while i was waiting to buy a dip. So i learned to just buy it when i have too much cash and average my cost in. Now every gold coin i've bought is worth more than whatever i paid for it year(s) ago.
Also: if you buy LESS than one ounce at a time, then premiums will indeed eat away at your profit significantly. they sell 1/10th ounce coins and 1/2 ounce coins. I avoid fractionals. If i don't have enough to buy a whole ounce at a time, then i just wait and save up more money. It costs just as much labor to mint a half ounce coin as it does to mint a one ounce coin. so you will pay the same premium despite only getting half as much gold.