Gold at ATH.....what do your tea leaves say?

not financial advice, my understanding is
- you can gift your gold as soon as you bought it - declare the market value as disposal value ie small capital gain or loss. This is simply amounts in tax return, no identification of recipient.
- there is no requirement for a recipient of a gift to declare it.
- not sure if you can gift it to your dog

 

You could leave it to your twin sister.
And you could be the twin sister!

 

Whilst I've seen the ABC and other commercial TV channels do a piece or two on the price of gold in recent months, noting the lower viewer numbers watching free to air TV these days v hand held media, I came across a News.com.au piece on gold....old mate even has a playful dig at us stackers....who are smiling.

https://www.news.com.au/finance/mon...d/news-story/c142b3aaabec3910415615a41201911d

Click link for full article.

‘Through the roof’: Why you need to start investing in gold
While you might think investing in traditional stocks is the answer, there are huge profits to be made if you try this instead.

Jason Murphy
@jasemurphy
4 min read
May 7, 2025 - 5:41PM

Trump tariffs cause global chaos as jobs are cut worldwide


The fallout from U.S. President Donald Trump's trade war reverberated further through the corporate world on Tuesday (April 29), with about 40 firms worldwide pulling or cutting forward guidance in the first two weeks of Q1 earnings season.

ANALYSIS

Ugh, why is it always the weirdos who do so well.

First it was the bitcoin bros and their Lamborghinis, now it’s the gold bugs sitting on top of their hoards and cackling with glee.

The price of gold has gone through the roof recently, as the next chart shows.


Gold prices in USD, April 2025. Picture: Supplied
We are out here breaking our backs to make a dollar and they have doubled their money by owning metal

The gold forums are full of boasting.

“Got back into gold when it was $1700 to $1800 an ounce and I had friends saying ‘you’re nuts to buy at $1700 that’s way too high!’,” one said on Reddit’s gold forum.

The profits the goldbugs are making are huge.

You can buy gold online and have someone store it for you. But people who are into gold tend not to trust anyone.


For them there’s no substitute for having the actual precious metal at home. They buy tiny little bars of it.

Much smaller than a Mars bar, and much heavier.

(If you had a Mars bar size bar of gold, even one of the new small shrinkflation ones, the gold would weigh almost half a kilogram and be worth about $100,000.)

They buy a safe to put it in. Then they open the safe and admire it.

“Something about a lump of gold that is so aesthetically pleasing,” they say.

The nerds who like to hoard gold are disproportionately likely to be doomsday preppers.

Many also keep a large supply of tinned beans and bottled water and fantasise about how useful gold will be after civilisation collapses.


More people are interested in investing than ever before. Picture: iStock
After all, that’s why gold has risen recently. Gold goes up when the world looks unstable.

 

I have some of those traits.
I live off grid and I'm somewhat of a prepper I would say, whatever that really means.
I think that most of it is just because of where I live that I want to be prepared with lots of food.
Winters are no joke and getting snowed in for a few days between storms is normal and i also have a wife and critters that I'm responsible for.
I also keep a few months of dog, cat and chicken food as a reserve.
I just happen to be a stacker too but it's all gone now.

The armory and ammo was also lost in the boating accident.

I do keep some pre1900 silver dollars handy that I like to admire (not normal?), and I wouldnt trust any vault, no effing way bro.

 

Nice thought but not so sure about that.

If bribes and tips have to be declared I have a feeling that gifts over a certain limit may also apply.

Unexplained Wealth Tax may also apply here.

 

Fact: In Australia there is no Gift Tax, no matter what the amount. When gift is received you don't need tell tax office, ie it DOES NOT need to be entered on your tax return for that year.

but don't take a stranger's word on the internet for it.... read the ATO
Tax on gifts and inheritances https://community.ato.gov.au/s/arti...ances#8d1ff382-8643-474f-8ba0-5030c2c5f883-67

The rest is also true:
- if the Tax Office asks where the gift came from, you need to tell them - so this really applies to cash gifts that are put into a bank account ( tax office can't see into your safe - at least not yet)
- if you sell the gift - the Tax Office will want capital gains tax and again may ask where it came from
- so having gift gold in storage (of any amount) is perfectly legal and there is no tax implication - only caveat would be if you are ever asked about assets by the government to receive some benefit like pension or something, if you don't mention the $1m of gold and then claim that benefit you are not entitled to, you are probably committing fraud at that point.

summary: if you do anything with your gift that gets attention of government and they ask where it came from you need to have some document saying that it was a gift, but until then there is nothing to you need to do.

 

Ha, he thinks us stackers keep our gold in a safe where anybody could find it?
He doesn't know us at all!

 

https://discoveryalert.com.au/news/basel-3-gold-markets-impact-2025/

 

I think they've gotten their dates wrong, the author keeps quoting a deadline of July 2024. We've long passed taht mate.

 

To my knowledge its been a tier 1 asset for years, but the banking restrictions on "paper" metals are being enforced later this year, silver especially is tamped/stomped once it reaches or approaches $35 usd and paper silver is 300 plus to 1 hopefully means more accountability and less "managing" numbers as has to be actually there resulting in higher prices and more purchasing of physical not paper making in morr mainstream. Just a thought

 

Anything regarding Basel requirements reminds me of this guy. Very shrewd considering this was recorded nearly a year ago, and good life advice too

 

I remember watching that mate, good advice then and good advice in long term imo as always. I take most info with grain of salt as they say but can be interesting

 

Id love to have Taylor over for a slumber party one of these nights.
We could stay up late and talk about gold and silver and have pillow fights.
About the time the tickling starts is when mom (wife) walks in. Geez. We were just tickling. You kids keep it down in here.
Then I wake up.

 

The good thing is that if you give a vague time frame, you are nearly always right, eventually

 

You don’t often see a pennyweight, 1/20th Troy ounce.

 

Simon Hunt predicted this 2 years ago.
1st half of 2025 will look as though the everything is getting back to normal economically, falling inflation, lower interest rates, stock market rebound, gold sliding back marginally etc etc. 2nd half of 2025, cracks will start to appear, unemployment rising, inflation creeping up etc. 2026/27 are going to be very tough for those of us in the west. Gold will continually climb to all time highs again, inflation will run rampant, interest rates going higher than before, those holding debt will be in serious trouble.
A very high possibility of the universal income being introduced during this time.
He paints a very bleak picture and I might add he is not an economist, he is a old copper miner that’s been around the block a few times

Looks like it’s all happening

Buckle up stackers!!!!

 

I think a few key indicators to watch out for are financial repression policies introduced by government and the drying up of credit will be a give away that we have entered into that not so happy stage