Kitco app says $2135 now? Someone's chasing it hard.

Thank you for your sentiments. I appreciate it very much.

One thing about Texas... most of the knowledge workers are NOT from Texas, even in the oilpatch. The modern Oil & Gas industry is very high tech. At least half of us immigrated to Texas for money and jobs. Texas does a pretty bad job of educating its native sons and daughters when you get right down...

Perma-bear David "Rosie" Rosenberg thinks Long Bonds could be up 25% in 2024. He's also bullish on gold.

https://youtu.be/eRhbFNi3Has?si=cddW695zm5JB5Pff

Both of my daughters left Texas recently. They can't really get 100% comprehensive gynecological care here. Ectopic pregnancy? Fetus going to inevitably die? We're sorry. Come back when you're septic and your internal organs are failing. Then we'll talk. One of them at least wants to have kids, but ...

Post corrected

boglerdude wrote: ↑

Tue Nov 28, 2023 7:54 pm

Why would people buy gold with cash at 5%. Is the money supply increasing at 7%+ ?

Why would people buy gold with cash at 129.18%? (asks the person in Argentina)

Really moving now, nice. ATH closes for month, Q4, and year would be really a good sign.

Monthly ATH in gold was $2009, it's now $2013... Let's see if it does its usual faceplant by the close on November 30 !

It's ironic given that Argentina means "silvery" or "silver-colored". If they pursued their namesake, they'd peg the Argentine dollar to Argentum (AG). That's a pipe dream, isn't it?

boglerdude wrote: ↑

Tue Aug 15, 2023 6:45 pm

I dunno why they dont raise taxes or cut spending

Our government is captured by special interests who want short term bennies and who don't care about the LT survivability of the United States.

How is that going to happen? Which of the three will he be willing to sacrifice? I think he'll try to keep all three, and it will be a failure. Wasn't the problem with Greece that they took out loans which they then had to pay back with real money (Euros) and not monopoly money (Drachma)? Had they s...

What I discovered: USPS Registered Mail up to $250,000 per shipment available coverage FedEx Express First Overnight between the two Express Stations from origin to destination (but it's not insured, so it's a bit of a Hail Mary --- tranche it?) UPS Supply Chain Solutions Constant Surveillance Servi...

Smith1776 wrote: ↑

Sat Nov 04, 2023 3:29 pm

Bitcoin is likely a superior option as a self-custody asset for such a scenario.

I'm not disputing that, however, I have the gold already. I don't want taxable events.

The real issue I suppose is how does an old person get gold across the country from one safe deposit box to another if relocating to be closer to kids and possibly going into assisted living? That elder isn't going to drive... I don't think they want to take, say, 60 oz of gold through TSA checkpoin...

Why not wait until Dave Enna's mid-April opinion about I-Bond rates? They might go up.

ppnewbie wrote: ↑

Fri Nov 03, 2023 9:07 pm

Non taxable

If it's a non-taxable account, then which lot you sell is immaterial. Sell what you like, don't worry about it.

Is the TLT & IEF beating over

vnatale wrote: ↑

Thu Nov 02, 2023 7:53 pm

No reason it should be any different.

0.5% is the same no matter who is taking it for what reason.

Never let the tax tail wag the investment dog...

I was considering using a depository to shield my gold from taxable events while keeping it safe in my old age and cognitive decline. The one in question charges 0.5% per annum. I did a present value analysis of the fees over time, even just assuming gold only grows with inflation, the fee harvests ...

foglifter wrote: ↑

Tue Oct 31, 2023 7:19 pm

I already bought my 2023 quota in April... if only I knew!

Sadly, I spent my $10,000 already for 2023. I think April - May is time to buy... the Fed dot plots, if you believe them, show an easing into late 2024. But... we're probably going to be humiliated nonetheless.

I'm going to wait until mid- or late-April to make a decision.

Did gold hit an ATH on a monthly basis? If so, that's important.

PS - I think it came close but didn't hit it.

Maybe the point now is to get into microcap value which is basically not tradeable for the big ETF makers. Things like the AAII Shadow Stock Portfolio, where you buy and mostly hold 30 microcap stocks. There is some turnover every quarter, but it's like 2-3 per quarter. So 8-12 per year... 1/4 to 1/...