GOLD and Capital Gains Tax

Rooby

Rooby

OMG
Nov 30, 2008
245
2
0
PA
I know people here own gold.

Plans to avoid capital gains tax when the time comes:

1.
2.
3. KEEP 100% PROFIT!
 


Taxed at 28%, no way to avoid it without committing tax evasion.
 
Don't sell it. Take out loans based on your assets to spend. Have your estate settle the debts when you die.
 
I'm curious as to what "the time" is in your mind as well??

Is it when we finally drop into a deep depression and you actually get a decent return on it? Then get shot up trying to sell it to anybody?? :P
 
I thought diamonds were artificially inflated in price something crazy like 10%/year or whatever?? By the few big diamond monopolies??

I guess that is a reason to buy... but the bottom could drop out at any time no?
 
OK.... now maybe i don't get it here but...

Why would you buy Gold at this point?

It's like buying a flipped piece of real estate in July '06, right?




But again... i am sure you guys are better informed?
 
Woah, where are all the gold bugs?

Buying gold now wouldn't be out of the question ($1200 the top? DAFFFINITELY not), but it's doubled since I bought it. If one were to go to another country and sell it for cash, is there any reason why I couldn't just convert it to USD upon reentry? There probably is but I don't know what it's called.
 
Gold has historically been a very shitty investment.

If you're some freak that's worried about the coming Apocalypse, you should know that you're better off stocking up on food, bullets and bleach.
 
by the time most people hear about something or see it on tv or hear it on radio, it is a bad idea. do the opposite of what everyone else is doing. I agree on diamonds. Find some idiot who broke off engagement or someone getting divorced and pick up a huge rock while they are desperate to flip it. the next time I have the monies, I will definitely respect it more than I did b4.
 
Rooby said:
Woah, where are all the gold bugs?

Buying gold now wouldn't be out of the question ($1200 the top? DAFFFINITELY not), but it's doubled since I bought it. If one were to go to another country and sell it for cash, is there any reason why I couldn't just convert it to USD upon reentry? There probably is but I don't know what it's called.
Click to expand...

it's called tax evasion
 
Rooby said:
Woah, where are all the gold bugs?.
Click to expand...

Present! Gold has been going up for the last 10 years and we're not anywhere near the top. The masses barely own any gold. We've got about 10 years before the US federal debt bomb goes off and the US dollar turns into confetti.

As long as that idiot moneyprinter Bernanke is in charge, I'm buying gold. Marc Faber aka Dr Doom FTW!
 
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