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A trip back to 1964 proves Silver creates wealth
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<p>[QUOTE="mikem2000, post: 1542739, member: 30574"]1) The first point is true except if you sell for a profit then the taxman knows</p><p><br /></p><p>2) While Wall Street doesn't not take a fee, but the premiums for PM are MUCH higher and the Hit you take selling is also MUCH higher than any brokerage fees wall street may charge</p><p><br /></p><p>3) Government surely does take a fee. It is called capital gains tax. You can you don't need to pay that. but you can also walk out of a restaurant without paying the bill. Both however, are illegal</p><p><br /></p><p>4) In todays world we have index funds, ETFs etc. These will also not go out of buisness. If the fund becomes no longer available ,the underlying equities are still there and you will receive the current value and you can transfer that money into another fund</p><p><br /></p><p>5) Yes, risks do exist, that is why it is best to diversify. In todays word it is is very easy. You can buy funds, REITS, etc,. which when done correctly should minimize the risk. Also do not be fooled into thinking there is no risk in Silver. There is a lot of Risk[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 1542739, member: 30574"]1) The first point is true except if you sell for a profit then the taxman knows 2) While Wall Street doesn't not take a fee, but the premiums for PM are MUCH higher and the Hit you take selling is also MUCH higher than any brokerage fees wall street may charge 3) Government surely does take a fee. It is called capital gains tax. You can you don't need to pay that. but you can also walk out of a restaurant without paying the bill. Both however, are illegal 4) In todays world we have index funds, ETFs etc. These will also not go out of buisness. If the fund becomes no longer available ,the underlying equities are still there and you will receive the current value and you can transfer that money into another fund 5) Yes, risks do exist, that is why it is best to diversify. In todays word it is is very easy. You can buy funds, REITS, etc,. which when done correctly should minimize the risk. Also do not be fooled into thinking there is no risk in Silver. There is a lot of Risk[/QUOTE]
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