Search found 441 matches

by FarmerD
Wed Sep 25, 2019 10:58 pm
Forum: Permanent Portfolio Discussion
Topic: Mish Shedlock Recommends the Permanent Portfolio
Replies: 2
Views: 287

Mish Shedlock Recommends the Permanent Portfolio

Interesting. See comments to the following article. Its kinda hard to argue with his reasoning.
https://moneymaven.io/mishtalk/economic ... kriNjRQ0A/
by FarmerD
Thu Sep 12, 2019 6:11 am
Forum: Gold
Topic: Texas Bullion Depository is the Best Way to Protect Your Gold
Replies: 14
Views: 536

Re: Texas Bullion Depository is the Best Way to Protect Your Gold

FarmerD, full.disclosure please. Not sure if you're serious but I have no financial interest in any company connected with the depository. I had made several inquiries into storing gold in a safe deposit box in the Singapore Freeport but the more I researched the legal aspects of a state run gold-b...
by FarmerD
Wed Sep 11, 2019 9:25 pm
Forum: Gold
Topic: Texas Bullion Depository is the Best Way to Protect Your Gold
Replies: 14
Views: 536

Re: Texas Bullion Depository is the Best Way to Protect Your Gold

I don’t think the IRS has ever said that allocated overseas gold is subject to those reporting laws. All I’ve seen is CYA advice offered by third parties. You don't have to file FBAR or FATCA if you directly own the gold in a safe deposit box and nobody else can access it. However, Perth Mint can a...
by FarmerD
Wed Sep 11, 2019 1:38 pm
Forum: Gold
Topic: Texas Bullion Depository is the Best Way to Protect Your Gold
Replies: 14
Views: 536

Re: Texas Bullion Depository is the Best Way to Protect Your Gold

In a nutshell: States have constitutionally protected rights to create a gold backed currency. As such it’s extremely unlikely the Feds can seize the gold at the depository, force sale of gold at the depository to the Feds, and if challenged by Texas, it is likely they can’t enforce capital gains ta...
by FarmerD
Wed Sep 11, 2019 1:09 pm
Forum: Gold
Topic: Texas Bullion Depository is the Best Way to Protect Your Gold
Replies: 14
Views: 536

Re: Texas Bullion Depository is the Best Way to Protect Your Gold

It appears Texas is following the outline laid out by Dr Edwin Vieira, a constitutional law expert who has argued several cases before the Supreme Court. In the following videos (which are absolutely fascinating), Vieira describes his ideas on a state run gold-backed currency. 1. A state gold-backed...
by FarmerD
Wed Sep 11, 2019 12:20 pm
Forum: Gold
Topic: Texas Bullion Depository is the Best Way to Protect Your Gold
Replies: 14
Views: 536

Re: Texas Bullion Depository is the Best Way to Protect Your Gold

Sounds wonderful, every time I've looked at it, it's too costly compared to an insured safe deposit box. The cost for the Depository is 0.5% annually while the safe deposit box insurance is about 0.2% annually. Keep in mind however, the entire reason Harry Browne recommended geographic diversificat...
by FarmerD
Wed Sep 11, 2019 12:02 pm
Forum: Gold
Topic: Texas Bullion Depository is the Best Way to Protect Your Gold
Replies: 14
Views: 536

Texas Bullion Depository is the Best Way to Protect Your Gold

I'm going to argue the Texas Bullion Depository is a far better option than any other geographical diversification idea. The past few months I’ve done a deep dive on storing gold in the Texas Bullion Depository as well as the implications of creating a state gold-backed currency. Very few people und...
by FarmerD
Tue Jun 25, 2019 9:48 pm
Forum: Bonds
Topic: TLT vs EDV vs ZROZ
Replies: 11
Views: 3369

Re: TLT vs EDV vs ZROZ

I've used EDV for the past 8 years for all my long bonds. Keep in mind EDV is about 50% more volatile than TLT so you need less of it to balance out your stock holdings. Craig, Tex and others have discussed before so review the older posts in the bond section.
by FarmerD
Tue Jun 25, 2019 9:43 pm
Forum: Gold
Topic: Coin Premiums Dropping Fast
Replies: 23
Views: 1218

Coin Premiums Dropping Fast

You'd think with the recent rise in gold, coin premiums might be up. However, the opposite seems to be happening. I guess it's just supply and demand. For some reason people have stopped buying coins and inventories are bulging so coin sellers are dumping. Last week I bought some 1 oz Kangeroos at s...
by FarmerD
Fri Jan 04, 2019 7:39 pm
Forum: Gold
Topic: Texas Bullion Depository Open for Business
Replies: 19
Views: 2707

Texas Bullion Depository Open for Business

Looks like the Texas Bullion Depository is up and running. They charge 0.5% yearly for segregated storage. Here's some information about the depository. The Texas Bullion Depository was designed to be different than other depository offerings from the very beginning. It was created to provide a safe...
by FarmerD
Wed Apr 25, 2018 2:59 pm
Forum: Gold
Topic: Gold Eagle Premiums Falling
Replies: 3
Views: 1502

Gold Eagle Premiums Falling

I've read the US Mint coin sales for silver Eagles and Gold eagles are at 10 year lows. That probably accounts for the big drop in premiums. For example, right now, Gainesville Coins has 1 oz Gold eagles on sale for $14.99 over spot. I've never seen a premium that low in the 10+ years I've followed ...
by FarmerD
Wed Mar 08, 2017 12:43 pm
Forum: Gold
Topic: Sprott to acquire CEF
Replies: 18
Views: 6442

Sprott to acquire CEF

I saw today gold and silver were down today but CEF was up almost 3%. I figured something was up and apparently there is. Looks like Sprott is seeking to acquire the Central Fund of Canada much like they did to GTU recently. As of COB yesterday, CEF's price was 12.27 while it's NAV was listed as 13....