Are you in the top 1% of gold holders in the world? Find out here...

Discussion in 'YouTube Digest' started by ozcopper, Apr 10, 2020.

  1. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Yes, but it's not difficult in Australia.
    In Australia, if you receive the aged pension, you are in the top 5% of global income receivers.
     
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  2. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    what would you recommend the minimum super balance to be to make it worthwhile doing SMSF? Just asking out of curiosity since it might be worth a look at once I reach said balance.
     
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  3. 66rounds

    66rounds Well-Known Member Silver Stacker

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    That's only what I've been told. Are there other alternatives and what is a reasonable threshold?
     
  4. GoldenEye

    GoldenEye Well-Known Member Silver Stacker

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    I think you need to compare the fees you pay for each type of fund. As your fund increases eventually you reach the point where it's cheaper to run yourself. Also, to do it yourself you need to know a bit about investing.
     
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  5. harry_mr

    harry_mr Active Member

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    There is always confiscation they can always make it illegal and pay you at their price, remember the house always wins.
     
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  6. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Sure but they have to find it first. Can they not confiscate silver??
     
  7. harry_mr

    harry_mr Active Member

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    They are the government they make the rules.
     
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  8. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    Lots.

    And @mongrelmaple, as well as @66rounds, the first question you have to ask yourself is what are you hoping to achieve by having your own SMSF?

    After that, the cost is entirely subjective.
     
  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Govt don't want silver. The world's total supply of silver is too small to be a threat to government money. There's only about 6-8 billion ounces of silver bullion in private hands. Even if each oz is $100, the total value is only $600-$800 billion.
     
  10. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Surely we have many stackers with 30 oz of gold.

    I reckon with jewellery and watches most would have few ounces.
     
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  11. harry_mr

    harry_mr Active Member

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    Central banks hate gold, they hate anything that competes with their paper monopoly.
    They hold it in times of uncertainty or else you loss of faith in their product, cant have you notice the emperor has no clothes.
    They question is in a complete loss of faith do they confiscate it like last time or jack up the price high enough that people sell it to them anyway, either way they get it.
    Once they get what they need they can lock their competitor away in a vault never to see the light of day. Faith is restored and they can continue with the paper game.
    Finding a mere $200 billion to $2Trillion for this is no problem as you have just seen.
     
  12. mmm....shiney!

    mmm....shiney! Well-Known Member Silver Stacker

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    If we assume that stackers hold a minimum of 10% of their wealth in gold (which is the recommended minimum in normal times) then we’d assume we’d all fit in.
     
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  13. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Simply to get my money out of the industry funds and into physical metals. That's the only goal for my super. Cost is important for someone with a fresh super account with barely 1k in it.
     
  14. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    I have some, does that mean I'm going to be rich? :D
    And don't you guys (on the forum) go mad on me either, those masks were stockpiled back in September 2014. They are not for sale. Well, everything is for sale but.................I only accept swaps. o_O :D
    Not new for old either! :p
     
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  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Don't look down on the N95 masks. China is requiring countries to implement their 5G system as a condition for supplying N95 masks.
     
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  16. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    What I’m learning with the current crisis, is that only a few people actually have wealth.
     
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  17. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Many people confuse credit or account limits with wealth.
     
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  18. Lusty

    Lusty New Member

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    However with the current way they are dealing with the crisis, it looks like people who have the least equity on their loans might win out depending how this plays out whilst the person who saves currency to be the biggest loser. My idea is one with the least equity is less likely to be force sold as the banks will work with them to not write the loan balance off if they know selling the property will not get them their loan balance back, but then it allows you to survive deflation if you can hold the banks off for a bit then go into hyperinflation and pretty much pay the loan off with the lower interest rates locked in. Just a few theories don't take anything I say as advice but it is food for thought :)
     
  19. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Advice as solid as a leaky ship.
    When they hyperinflate and it now costs you your entire weekly paycheck to buy groceries, what will be left to pay your loan? What then if interest rates are normalized? They will take your credit and your underlying assets. It has never in history benefitted the debtor to be in debt.
     
  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Many people mistake wealth with riches and titles (whatever that is on your name card) or the number of staff you command, when real wealth is actually freedom. Freedom from debt, freedom from having to make a living, freedom to doing whatever you want to do, freedom to go to work whenever you want, freedom of speech, and it goes on.
     

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