The fear should not be of government to government agreements that can never work in practice, but rather a fear that governments may tax gold sales profits at some phenomenal rate, thereby effectively confiscating gold a second time. LINK
Reality Trumps Theory
6 months ago
Not sure what you mean by phenomenal rate, but capital gains associated with gold sales would be taxed at 28%. That's one of the downsides of direct investment in precious metals.
ReplyDeleteYup, but the article says the tax would be unreal! Of course, it'll probably be gradual, but consider this - if things get bad, imagine the things we haven't thought of yet!!! It makes, or should make one think, of any and every available resource to have close by, just to function. And, when one considers the very dangerous possibilities associated with any widened war fronts, well, that'd just be trouble we don't want to think about. Patterns in history have reflected as muc - and, that scares me, really.
ReplyDeleteJune B just sent me a note letting me know where to find you...I am so excited, I was totally bummed at the thought of missing your blog...
ReplyDeleteOkay, just bookmarked your blog so I can check back later
ReplyDeleteajcamsmom!!!! AWESOME! Thanks for stopping by. It ain't much, but it's something for now! Glad to see you! :)
ReplyDeleteSounds like you're one of those survivalists. Hope you have lots of fun living in your bunker eating jerky while the rest of us are up top enjoying the sunshine.
ReplyDeleteI like it...I'll keep checking back to see what is going on..I guess I've become a bit of a MLC groupie...lol
ReplyDeleteAnonymous, you are NOT welcome here. Please leave and DO NOT come back! Thank you.
ReplyDeleteAgacamsmom, LOL. Hang in there - more coming! :)
ReplyDelete