Hi mates, just want to know your thoughts on how much gold and silver will be enough for the "end times" if you can call it that. A. 1 pound gold and 15 pounds silver ? B. 1/2 a kilogram gold and 7 1/2 kilogram silver ? C. 2 pounds gold and 30 pound silver ? D. 1 kilo gold and 15 kilo's silver ? A, B, C or D ?
A should be enough to reap the rewards - its still ~A$30k worth. Most people have zero, so a kg or two or silver and you're already ahead of the rest.
E. As much as you can get. Greater then ABCD combined. PS: A and B are similar in weight, C and D are similar as well. Slam
Well, I guess you would have to work out what the end times is going to look like in your area, and go from there.
I agree with option E. There IS no limit to how much I want to have. This is my stack to date... Is THAT enough for such a situation? I mean, it's 150 odd ounces more than over 99% of the population, but is it really enough? In the latter stages of this market, we will have muggle money pouring into physical like a raging torrent and if we're looking at the amount of digital and printed fiat out there, just this humble stack might certainly be enough to get me and my family through any transition period that may come. But who knows? It's almost impossible to guess when you will have 'enough' but if we're talking about it from a simply desire perspective, then there IS NO LIMIT on how much is 'enough' Certainly not for me, anyway. That's the standing motto of this forum - Stack 'em cheap, Stack 'em high & KEEP STACKING!
That's what makes gold what it is. The only thing around that has UNLIMITED DEMAND. No amount of supply can quench it.
I had a dream about amassing 3000oz of silver in an assortment of PAMP 1kg bars, Perth Mint 20oz bars, 10oz kooks, 1oz kooks, and even some 1966 round fifties.... At the end of the dream, I also had shares in 5 or 6 PM mining juniors, and an oil junior. Then I dreamt that I saw some Perth Mint 10gm gold bars... Then I woke and wondered if that was enough? I'm still wondering...as the GSR hovers around 40... Aren't dreams wonderful?
Nice prime minister, you seem to have an affinity for collecting silver animals It's beautiful but in my humble opinion not nearly enough spread for the SHTF scenario. More Sterling fractionals required.
Sorry mate, i should have said troy pounds. A. 12 oz Au and 180 oz Ag B. 16.08 oz Au and 241.13 oz Ag C. 24 oz Au and 360 oz Ag D. 32.15 oz Au and 482.25 Ag D is still a far way of for me
Harry Brownes Permanent portfolio has equal weightings of your wealth in Gold : Stocks : Cash : Bonds.
Nope. The sale of real estate is a registered event. The tax office and state revenues will demand stamp duty on the assessed value of the land at a minimum. If your land is valued at $100,000 by the land office then you'll pay stamp duty on at least that amount even if the property is sold for $1.
Hang on - the question was capital gains - as far as I understand it would be a taxable event. A "market value" of the trade would be established, and if there was a theoretical gain over the purchase price of the metal, it's a CGT event. So even though no fiat is involved, you could find yourself still coughing up for CGT and stamp duty.