So are they sold out yet?

[Matthew 26:14]

Just to let you lot know I bought 10,000 Telstra shares 4 weeks ago at $2.80 a pop and sold today @ $3.05 and got a 14c franked dividend during that time. Total profit in 1 month was $3,900 or a return of 14%. My point? There's plenty of options to invest and make money in than a Lunar bubble !

I might be wrong - but if you hold them for less than 1 year - I think you get taxed 50% on the profit made. I am no expert though so I may be wrong.

Well done though - thats some good $$$$ for 1 month!!

100% of your gains are taxable if sold within 1 year so depends on your income tax bracket at the end of the year I believe.

If you hold for > 1 year then you get 50% for CGT.

Kind of correct. The capital gains, in my case $2,500 is added to my income and taxed at the appropriate bracket. So if you are like most people in the 30c bracket, I will pay in tax $2,500x30%. If I had of held for 1 year then you get it halved so would have been $1,500 x 30%.

But capital gains are wonderful things to get around paying, you can defer (if you do it right) or offset against investment losses. In my case I wont be paying any tax on my Cap Gains.

 

[ajzm]

I might be wrong - but if you hold them for less than 1 year - I think you get taxed 50% on the profit made. I am no expert though so I may be wrong.

Well done though - thats some good $$$$ for 1 month!!

100% of your gains are taxable if sold within 1 year so depends on your income tax bracket at the end of the year I believe.

If you hold for > 1 year then you get 50% for CGT.

Kind of correct. The capital gains, in my case $2,500 is added to my income and taxed at the appropriate bracket. So if you are like most people in the 30c bracket, I will pay in tax $2,500x30%. If I had of held for 1 year then you get it halved so would have been $1,500 x 30%.

But capital gains are wonderful things to get around paying, you can defer (if you do it right) or offset against investment losses. In my case I wont be paying any tax on my Cap Gains.

Thats great then!! well done! I need to learn all the ins and outs!

 

[stackeract]

But capital gains are wonderful things to get around paying, you can defer (if you do it right) or offset against investment losses. In my case I wont be paying any tax on my Cap Gains.

Listen to Matthews excellent advice!
So if anyone of you needs to make some investment losses to offset their gains, then I'd be happy to buy your dragon coins for a fraction of your cost

 

[ajzm]

But capital gains are wonderful things to get around paying, you can defer (if you do it right) or offset against investment losses. In my case I wont be paying any tax on my Cap Gains.

Listen to Matthews excellent advice!
So if anyone of you needs to make some investment losses to offset their gains, then I'd be happy to buy your dragon coins for a fraction of your cost

Lol..

 

[thatguy]

So of all the bullion companies bullion bourse was the only one to offer Dragons @ a reasonable price first come first served basis? What did all the rest do with them?

 

[lionfishcoin]

Have to say BB is really good....

 

[Teh silvers]

So of all the bullion companies bullion bourse was the only one to offer Dragons @ a reasonable price first come first served basis? What did all the rest do with them?

My 1oz gold dragon from bb cost $1,971.76.

That's cheap considering what they go for overseas.

 

[surferfc]

Just walked out of Perth Mint with the last tube of 1oz dragons at 15:15... Apart from a couple of seperated coins Perth Mint is now all sold out!

 

[unfunkable]

you the guy that ran into the bar?

 

[surferfc]

Nope went straight back to work...

 

[heartastack]

So can we guess how many silver 1oz were moved through the mint today? 2k+, 5k+?

 

[ajzm]

5k silver and 150 x gold 1 Oz.

 

[heartastack]

5k silver and 150 x gold 1 Oz.

1.66% of total mintage (silver)
0.5% of total mintage (gold)

... for ppl who like stats

 

[Matthew 26:14]

5k silver and 150 x gold 1 Oz.

Does that include online sales?

5k out of 300k, less about say 5k BB had, less say another 5k misc Aust dealers (probably not even that), I'd say 285,000 of the 300,000 mintage went offshore I'm thinking.

 

[ajzm]

5k silver and 150 x gold 1 Oz.

Does that include online sales?

5k out of 300k, less about say 5k BB had, less say another 5k misc Aust dealers (probably not even that), I'd say 285,000 of the 300,000 mintage went offshore I'm thinking.

I think that was the total - I asked while on the phone - and they were the numbers I was given.

 

[Elemental]

UPDATE

Just came back from the mint (picked up the last of my quota of gold for my superfund). I was told that the online store is sold out of all gold and silver 1 oz coins.

The retail store is completely sold out of 1oz silver dragons and the lady told me that they will probably have enough gold 1 oz to last until tomorrow morning.

I think 1 day is the winner on the sell out competition.

 

[1for1]

Have to say BB is really good....

Hmm.. how good me thinks?.. curious now.. cognitive dissonance

1for1

 

[Austacker]

UPDATE

Just came back from the mint (picked up the last of my quota of gold for my superfund). I was told that the online store is sold out of all gold and silver 1 oz coins.

The retail store is completely sold out of 1oz silver dragons and the lady told me that they will probably have enough gold 1 oz to last until tomorrow morning.

I think 1 day is the winner on the sell out competition.

Just depends if they will re-stock overnight ? I would think there would be some for a while. Is there any announcement on their blog/website ?

 

[goldilox]

i just received my phone order confirmation thing that i have to fax back.... and it was blank!
:lol:

At least Heidi was nice and friendly.

this happened to my mate. the email attachment was blank when viewing through the email. so we downloaded it and opened it with adobe and all the text was visible.
all good

it was me! i got Heidi too. she was very friendly. Napthalene Man did u get any confirmation back after u sent the form?

 

[Naphthalene Man]

i just received my phone order confirmation thing that i have to fax back.... and it was blank!
:lol:

At least Heidi was nice and friendly.

this happened to my mate. the email attachment was blank when viewing through the email. so we downloaded it and opened it with adobe and all the text was visible.
all good

it was me! i hot Heidi too. she was very friendly. Napthalene Man did u get any confirmation back after u sent the form?

No, sent it by fax from work so i hope they didn't respond. The fax also had the wrong time on it so if it came to the crunch and they argued that i didn't get my dragons because i didn't respond within the required 1hour.....
I'm sure it will be just fine.