tb1975

Gold and Silver 'Bubble' Has Long Way to Go

the calculatedrisk blog publishes a problem bank list every week pieced together from gov't data. It is accurate and up to date as much as possible. Oh yeah, and this blog isn't trying to sell you anything.


On Sep 25 09:08 PM KISSA wrote:

> FDIC keep their Bank Watchlist secret from the public and there is
> a reason to it because many US banks are already bankrupt and FDIC
> can't guarantee deposits anymore.
> We made this list free to all the public, take a look if your bank
> is on our Bank Run list too.
> www.nyse30.com/id45.html

Gold: The Moriarty Warning

Yeah, the miners did great when the market tanked last year- NOT!

Gold had a downturn last fall, but not of the magnitude equities did. To suggest miners are insulated from risk is just silly.


On Sep 19 11:28 AM The Recusant wrote:

> OK, first we can buy gold or silver ETFs, like GLD or SLV, but there's
> a catch. They could be worthless if a big crash were to occur and
> paper gold becomes worthless or if the promised bullion doesn't exist.
> But then there are EFTs that are considered safe with bullion stored
> outside the US system, like GTU, CEF, or SGOL. Or are they safe?
> Then we can buy ETF shorts on the dollar or ETNs on gold futures.
> Again, they are paper promises. Then there's foreign currency funds,
> scary, but maybe a safer route than paper ETFs and ETNs. And last
> but certainly not least, we have the actual bullion. Buying gold
> and silver to stuff away somewhere. But then Uncle Sam may confiscate
> the gold (or even the silver if they prefer). Is anything safe???
> Ah, yes...there's the miners!

Gold: The Moriarty Warning

I have checked the tax code. I own an ETN- with ticker DGP. It sells future contracts on gold and not gold itself and is therefore exempt from the collectible tax. I am up 35% since I bought last December and will pay 20% capital gains tax when I sell.


On Sep 18 04:54 PM gjg49 wrote:

> you might want to check the tax code.
> page 66 of irs publication 550 indicates that the long term cap gains
> rate for collectibles (and this includes gold--gold, silver, and
> platinum are specifically noted) is 28%. that may be less than your
> tax rate on ordinary income, but the tax rate for long term gains
> should probably not be a consideration for whether you hold or sell
> gold.

Gold: The Moriarty Warning

If you are in gold for the right reasons, then the long term is all that matters. I wouldn't take profits here. I'd wait to there was a clear and legitimate reason for the 8 year bull run to be over in gold.

Are we printing less money? Is the dollar set to rally long term? Are interest rates high? etc, etc. When the answer to those questions is yes, that's when you sell gold.

If you are trying to time the market and jump in and out, good luck with that. I'll hold and pay long term gains tax rather than the harsh short term gains tax.

Gold is Overbought: Time to Short Barrick?

Barrick up 6.2% today...how's that shorting going?

Gold as a Truly Last Resort

Do you mean 'not to belabor the point?'...I'm confused as to what 'not to berate on the point' means?


On Jan 12 04:21 AM Nikola wrote:

> Daniel, not to berate on the point, but what else might you be forgetting?
>
>
> What if the economy does rebound?