Buy Gold Coins While You Can Still Afford Them!

Mine is my Pro Bono family, as "yours" could/may be also, in a brief explanation!
"family" may be very large organizations (see #17) when you mentor several chapters of legally uninformed adults, as yourself who may not have understood my prior explanatory posting in this "thread".
Thanks for your understanding of "mine"!
JMHO

 

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Well, you see, a Dollar doesn't buy what it used to.
And so a Dollar doesn't buy as much gold (or as much of anything else) as it did months or years ago.

 

Please....
So....
Gold value is a Construct, VERY similar to what you do. I would not pay $ for either Construct.

 

Thread reminded me of being a poor collector not all that long ago. My bucket list was a St. Gaudens…. If I could have just one I would have reached the coin collectors “holy ground”…. But at $450.00 they were so far out of my reach. Just left me to dream….. Now I see St. Gaudens trading around $2400.00 and put myself back in that poor collectors mindset and it makes me feel quite fortunate to own several nice examples of that long dreamed of double eagle. It also saddens me that the 21st century poor collector may never get to own one with gold on such a rapid ascension.

 

Inflation-adjusted dollars bought just as much gold in 1980, 2011-2012, 2020. This too shall pass.

 

This probably comes from years of playing MMOs, but I've gotten too cynical for "FOMO" to work that much on me anymore.

Gold isn't going anywhere; it's not like you have to buy it now or it will never be available for sale. And prices that go up eventually come back down. If you're buying gold coins not out of hope you can sell them for more in the future, but just out of the desire to have them, the best time to buy them is when gold is on the way down, not on the way up.

 

A couple factors have changed.
A couple billion more people now, many now can afford gold. India and China are big buyers
Deficits of US and others are at nosebleed levels.
Always another war to keep the world in turmoil
The easiest to mine deposits already exploited. Ain’t getting easier or cheaper to mine, anything
Silver production will be over 20% shortage within 2 years.
I’ve had to add SLV & GLD positions to stay at 10% of my investments.
Just can’t handle the storage of any more physical, especially silver
But I still buy a few numismatic pieces

 

Hasn't anybody heard of Land, more Land and MORE Land? Anybody? Anybody at all?
It has served me well. I can grow anything I want to eat. I can and have built anything I want, with the wood of every species that grow on the Land. I have all the water I need from the fresh water stream that runs through it.

The benefit that it keeps giving is Transfer of Generational Wealth without tax or burden and repeat.

Keep your gold. I can't eat it and if I walk into a store to pay using it I can't: food gas station, tractor equipment, etc.
Keep your gold. It benefits nobody but the Rothschilds, the Morgan Stanleys, the Diamonds, and Wall Street investors, etc.

It is the keeper of wars. It is the keeper of turmoil. It is the keeper of hunger.

It is a phony Construct and has been since the first theft of a piece of it by somebody else that wanted it.

We forgot the lessons of the Comanche.

Keep your gold.

Truth in editing: switched a "d" for an "o". Live with it and leave me alone.

 

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The US Dollar is even more of a "construct" than gold. The Dollar can be debased and diluted at at will by the issuer. Bitcoin is also totally a "construct". Although I am not a Bitcoin fan or participant, it can not be diluted because there is a finite limit to how many Bitcoins can exist.

Land is great. But the taxes on it are excessive, especially in my area. Land can also be taken away from you. Gold is portable and concealable. Land is not.

Gold is the only thing that has remained a valued form of standardized exchange for 5,000 years. The US Dollar has been around (in physical form) since about 1793. It is the only major currency that has lasted that long. Will it suddenly come to an end at some point ? Not likely. But since going off the Gold Standard, the clear trend for the US Dollar is diminishing purchasing power.

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Well that's the thing; gold only has value if there's a functioning economy to give it value. If there's ever a total economic collapse, gold is just a shiny rock you can't eat. Granted, I'm not particularly worried about that happening anytime soon. But it only has value so long as it can be exchanged for things you want or need. Which makes it really just another form of currency, so long as there's an economy it can be used in.

It's not hard to find places where you can exchange gold for money, but try paying for gas or groceries with it. Not directly, you can't.

I'm not asserting that gold has no value; that would be a really silly thing to say. I'm just saying the price of it rising shouldn't make people go into a panic and buy it up immediately. Look at the inflation-adjusted graph again: this is not an unprecedented peak, and it's almost certainly going to head back down eventually.

Gold can also be taken away from you. Much more easily than land, in fact, because as you yourself pointed out, it's portable and concealable.

 

Thank you for the lesson.

What is apparent is.....you are not well versed in buying Land, because you would not have opined that it is tax expensive and can be taken away. That is a rather silly observation.

You're "in favor of" point is it is concealable? What? Why would you do so? To mislead and obfuscate.....and illegally avoid taxes? Then what? I saw that movie; it didn't end well.

It is portable? And? Where do you need to go with it?

You simply conveniently avoided the thrust of my comments or, you do not have a logical counter-balance observation.

Might you have missed the part about transfer of generational wealth without taxes? Meaning: the family will always be able to sleep, grow and consume food and livestock, and dam and divert part of the stream for a fish growth pond (that was rather easy to do and then added a spawning area).

What grows on fold? I am not familiar with what the crop is.


I know where you live. THAT is on you.

Did I mention: keep your gold?

Truth in editing: changed "your" to "you're". I hate it when that happens, so just shadapp about it....

 

If I may, I would appreciate permission to piggyback on that collapse thing, as it applies to gold vs. Land:

I would refer members to the projected population growths in the U.S. over the next 35-50years. After doing so, let me know if you want to buy Land now or gold?

 

Put me in the "you can't eat it" camp as well. It's a medium of exchange, same as paper currency, buckskins, beads and cowry shells. It also has the benefit of being shiny, an unusual color for a metal, soft and easily made into vain ornaments, and not that common for ancient people to find. Hence it's enduring "value", which is only the value we assign to it relative to anything else that's relatively useless for survival.

The three times we've been evacuated due to wildfire, I never once thought to grab the gold. My spouse has probably a dozen gold chains given to her on our wedding as the traditional thing, but neither of us even thought about it. Grab the clothes, important papers, get the cars out, etc. Gold? Who gives a flip. I've always grabbed the coin collection though.

I think many of us understand that the original point of this thread was to "pump up the volume", which is how it always goes with gold.

 

You are welcome to come take all my wife’s groceries and siphon all the gas from my truck for one mere half eagle

 

Land is a great investment. I have a commercial property on a state road waiting to close any day. But at 75 another venture into real estate doesn’t have the thrill anymore. Not even a burial plot. My ride on this spinning rock is finite. No children, no pets. My pretty younger bride will get by, somehow
Right now the lowering interest rates favor increased pricing for gold and silver. Spring loaded.

 

I had a wild/natural totally undeveloped 35-acre plot that was up and over a rocky ridge. It was not good for anything except perhaps a home site with a great view. It would have been difficult to build on it, but I was thinking about it. Then the county decided that they could stick it to all the vacant land owners. Property taxes on that plot went from $25 one year and then $6,500 the next. The taxes have gone up every year since, but I sold it. I currently have a 3.5-acre residential plot with nothing built on it and those property taxes are $10,000 a year.

So it is obvious that you know nothing about it.

Wealthy land owners in Cuba during the revolution were stripped of everything they own except what they could escape the country with in-hand. Something like that is extremely unlikely to occur here, but it is not impossible. It has happened many times around the world. And many people around the world want gold so that they can go somewhere with it.

Are you going to be able to hold on to your land if thousands of "squatters" come flooding into the area ?

Like I said, land is great and everybody should have some. But you don't actually own it. The county owns it and leases it to you via taxes. Stop paying your taxes and see how fast the County comes and evicts you. Or maybe the big land developer or highway department will take for "emminent domain" ?

 

Sigh....so you purchased Land without any thought to location or use or the future or agricultural considerations or generational wealth transfer and without consideration for, at the very minimum, planting a federal exemption crop that would avoid abandonment status (really? You did not even take the time for minimum research that would have informed you that constructing even a minor camp ground avoids the 20 year .... or in some places 25 year....surrender Rule, and that minor camp ground can be a as simple as a 10X8 $2,000 fabricated storage shed?)

So, your point is: YOU chose to purchase Land without due consideration to the local taxation climate and zoning and maybe something as simple as establishing a Trust along the lines of the old Clifford Trust.. now replaced by the Fed but still allows for generational wealth transfer tax free....and YOU do not have the understanding of how zoning knowledge could and would inform you with the knowledge as to classification of the residential property that would substantially reward YOU and yours with future generational wealth transfer tax free, because YOU can't carry it and YOU can't conceal it, and that is YOUR game set match position of Gold vs. Land?

And this is the overwhelming condescending reasons why it is obvious that I don't know nothing about it?
Of course I don't. I am not YOU, or you would not have placed yourself in a position that now causes you to pout about YOUR choices and YOUR decision to live where You do?
Again, all THAT is on YOU....yo made the choices.

Squatters? Cuba? Good Lord, how silly. You may have been subconsciously influenced by the late night TV movies a bit, and that has caused and embalmment in this rather odd thought process of the World.

 

Maybe you could comprehend what I wrote better ?

When I bought the 35 acres the taxes were $25 per year. They stayed at that level for several years after purchase. I had a reason for buying the land and a plan for it. But that is not your business. Several years later, suddenly, the county decided to change the rules and the taxes immediately increased to $6,500. And the taxes have continued to increase every year since.

My point is, the county could change the rules on you too.

At least you have enough land on which you can bury your head in the sand and ignore all that is going on in the world.

 

It sounds like you got rezoned from agricultural to residential, but where and specifically why are missing from your posts. Nothing pisses me off more than seeing these properties around me with 5000 sq ft houses on 35 acres that pay less property tax than I do because they're still zoned Ag yet no real "agriculture" has gone on there for 30 years. They seem to have tightened up on that lately and rightfully so. Why should I pay way more than somebody else who is clearly 10 times wealthier than I am, just because they're gaming the system? Everybody has to pay taxes. That doesn't mean that the county "owns" your property and you're just leasing it - what an absurd contention.