Realising Profits from Gold

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betterinvestmentthanshare

Well-Known Member
Under the current economic circumstances which I believe will continue to get far worse through to at least 2030-33, will you take profits if you reach your desired price or will you continue to hold?

IF you decide to take profits or perhaps even liquidate……
What do you intend to do after paying the Labor governments new win fall tax?

Stay in cash until other opportunities arise?

Buy property?

Buy shares?

Buy crypto?

Start a business?

Not selling, nothing is worth getting into.
 
Yes, 100% guaranteed it'll get worse as Labor keeps importing voters - and also seems the majority of Australians enjoy getting their purchasing power, national security and kids futures wrecked, because - well, they did not like Morrison's face (completely rational thinking, hey ho). :rolleyes:
Hedge your bets accordingly. Perhaps it's a good time to consider geographic arbitration.
 
I have found the most secure place for my bullion was to entrust the hookers the gold for safekeeping today; and just pay the periodic storage and insurance fees.

I can add this to my cost base....

I but cannot claim travel costs associated with the regular audits, nomatter how frequent.
 
For me if it really does go to the moon and there is upside in purchasing power by selling I would sell part to fund the purchase of an income producing commercial asset, most likely industrial warehouse/factory in older established area.

That way I can sit back and collect $$ every month, this to me is what genuine financial security looks like.

Timmy
 
jultorsk said:
Yes, 100% guaranteed it'll get worse as Labor keeps importing voters - and also seems the majority of Australians enjoy getting their purchasing power, national security and kids futures wrecked, because - well, they did not like Morrison's face (completely rational thinking, hey ho). :rolleyes:
Hedge your bets accordingly. Perhaps it's a good time to consider geographic arbitration.
Click to expand...

Can't go anywhere in the western hemisphere as it's looking like a basketcase.

S.America, Asia and parts of Eastern Europe still functions relatively normal in comparison to the west, very unlikely they will repeat a hyperinflation event, my expectation is the west will experience one in due time, I hope to be proven wrong.
 
Ludwig V.Mises said:
S.America, Asia and parts of Eastern Europe still functions relatively normal in comparison to the west, very unlikely they will repeat a hyperinflation event, my expectation is the west will experience one in due time, I hope to be proven wrong.
Click to expand...

At today’s gold price In Australia, gold has increased in value on average of 32% per year over the last 20 years. The % was even higher if you take the previous ATH at $7600+aud
What sort of inflation is this……not quite hyper
 
betterinvestmentthanshare said:
What sort of inflation is this……not quite hyper
Click to expand...

From wikipedia :

"Hyperinflation is often associated with some stress to the government budget, such as wars or their aftermath, sociopolitical upheavals, a collapse in aggregate supply or one in export prices, or other crises that make it difficult for the government to collect tax revenue. A sharp decrease in real tax revenue coupled with a strong need to maintain government spending, together with an inability or unwillingness to borrow, can lead a country into hyperinflation"

I would say most of these conditions are already in play.


Food, energy, housing, insurance, transport, medical and taxes are continuing to rise while wages and spending remains stagnant.


Since March 2020, I have seen a spike in the number of people sleeping in their cars, on side walks in the city or in tents in public, or queueing up for hand outs at a food bank, it's looking hyper from my observation.
 
betterinvestmentthanshare said:
At today’s gold price In Australia, gold has increased in value on average of 32% per year over the last 20 years. The % was even higher if you take the previous ATH at $7600+aud
Click to expand...

How did you get 32% ??
$800 in 2006 to $6,200 in 2026 is a compound rate of around 10.5% pa

And that's from a pretty low point to a high point.
The 20 years before that was completely dismal for gold: 1986 to 2006, gold went from $500 to $800 in 20 years.
 
trew said:
How did you get 32% ??
$800 in 2006 to $6,200 in 2026 is a compound rate of around 10.5% pa

And that's from a pretty low point to a high point.
The 20 years before that was completely dismal for gold: 1986 to 2006, gold went from $500 to $800 in 20 years.
Click to expand...

Goldprice.org

Gold Price Performance AUD
Change Amount %
Today +34.22 +0.55%
30 Days +382.48 +6.57%
6 Months -916.26 -12.86%
1 Year +1,075.95 +20.97%
5 Year +3,797.68 +157.60%
20 Years +5,384.82 +654.70%
goldprice.org - 04:42 NY Time

654% divided by 20 years
32% and I did say average
Time and date take from today back 20 years ago daily.

20 years prior to 2006 gold did nothing, so what’s your point?

Debt was expensive prior to 2006?
 
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654% over 20 years is not the same as 32% per year. Can't just divide 654 by 20 to get annual rate. That's not how compound returns work.

If gold went up 32% every year on year it would have doubled every 3 years and be $100,000 now
 
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