I'm considering purchasing a single 1oz gold coin from GoldSilver.com simply so I can gain access to the GoldSilver.com Insider Benefits, which will include details of Mike Maloney's exit strategy. The minimum shipping and insurance charge from GoldSilver.com to New Zealand is $175, but I'd simply consider this a one-time subscription fee to the Insider Benefits, which is cheaper than paying $227 per year to get the same information from Mike Maloney's other website (wealthcycles.com). I'm a little hesitant though. I mean, will this information be general knowledge among the stacking community anyway? Do you think it's worth it?
The knowledge on SS is equal to MM. Here the info & insights are free. MM is a legend but your gut feelings are paramount. You are asking a question because you feel doubt. Go with your feelings over someone else words that come with a $ premium.
I would save the money. From what I have watched of Maloney's videos, he is stating that he has a team of experts working on identifying the end of the gold/silver market. The end game for gold and silver will be fairly obvious. And most people will still ignore the signs. Even if his team correctly identifies the exit points, the information will leak out all over the internet. So, unless he is providing accurate short and medium term trading strategies, what service is he offering that you should pay for?
Funny, I just wrote this two days ago about exit strategies http://goldchat.blogspot.com/2011/08/coming-goldbug-civil-war-and-your-pm.html
Nice article Bron. I will try and read the linked articles this weekend. Does the PM have a scheduled date for releasing pictures of 2012 coins like the dragon?
Having pondered on this for a moment, I actually disagree with Mike Maloney that gold/silver is just another investment cycle. I think this will be the end of the debt-based monetary system. Gold will be an asset that you can continue to hold as a store of wealth, rather than having to jump off at the peak and find a new asset class to invest in.
Interesting perspective. Would you mind expanding on why/how you came to this conclusion? Would be interested to know.
When would you have jumped out??? Source:http://greshams-law.com/wp-content/uploads/2011/04/Paper-Mark-Price-of-Gold-Weimar-Republic.jpg (not that the graph is on a LOG scale. On the above graph we are currently mid 1918.
If it truly looks like hyperinflation in the US, I won't part with my gold. However, if a few ounces of silver will pay off the mortgage on my home, I will have plenty of other left. Of course, all of this silver is sunk deep in the water due to multiple boating accidents.
I think over the next few years there will be an increase in boating accidents so I have invested in some dive gear... On an unrelated note, i know there are posts regarding CGT on bullion, but all this assumes that the integrity of the system remains stable (HAHA) How lame would it be to go through massive inflation of 20% per year for 5 years. They get their stuff sorted and it comes back down and returns to normality (again HAHA). Then getting hit with massive CGT implications. Is there anyway, or any investment/avenue that negates inflation for CGT purposes? (aside from occupied housing)
Same problem here in the states. Plus, they want to tax capital gains like ordinary income. Then when you factor in the understatement of true inflation in the US tax tables, it would be a significant tax hit.
Buy and sell in cash in smaller amounts don't declare anything and take your chances. If we're in a hyperinflation situation with global economic melt down the last thing you'll be worried about is taxes.
