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
 
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