I’m cautiously optimistic that the BRICS black swan and their emerging gold for oil gambit might finally end the west’s ability to tamp down PM prices.
In the meantime, two questions: First, is India’s buying all really for India? I’m an earlier post, I thought you showed how the US military was laundering silver purchases through Indian jewelers. So, will large Indian purchases help put upward pressure on silver, or actually act as a bit of a lid as the US government tries to keep prices low for the war effort?
Second, do you know anything about the capital gains taxes on PM’s and how that affects selling them, for those who plan, or will be forced to, exchange them for depreciating fiat? I realize that the goal is for the people to effectively get off the fiat treadmill by transacting in PM’s when the feces touch the rotating blades. But assuming that some people, at least, will want or need to liquidate prior to the final end game, would you be willing to do a column on the ins and outs of capital gains taxes? I’m realize that for now, for sales below $10k, the practical reality is that reporting to the IRS is more or less voluntary. What will happen when gold becomes, say, over $10k/oz? Or what if someone must liquidate $20k in gold or silver under current law and circumstances? How do capital gains taxes affect their profit, and what might be some mitigation strategies? Taxes and other “gotchas!” are important parts of all forms of asset protection strategies from now until the point in time when fiat and the tax collection system fully stop functioning. Traditional tax and financial planners generally seem to shy away from doing anything with metals except ETF’s and tackling these kinds of questions seems to be beyond their pay grades. That’s why I’m trying to do my research through people like you who have an aggressive interest in metals and genuine understanding of how governments react to them. Thanks, in advance, for your help in bringing light to this possible issue.
I’m cautiously optimistic that the BRICS black swan and their emerging gold for oil gambit might finally end the west’s ability to tamp down PM prices.
In the meantime, two questions: First, is India’s buying all really for India? I’m an earlier post, I thought you showed how the US military was laundering silver purchases through Indian jewelers. So, will large Indian purchases help put upward pressure on silver, or actually act as a bit of a lid as the US government tries to keep prices low for the war effort?
Second, do you know anything about the capital gains taxes on PM’s and how that affects selling them, for those who plan, or will be forced to, exchange them for depreciating fiat? I realize that the goal is for the people to effectively get off the fiat treadmill by transacting in PM’s when the feces touch the rotating blades. But assuming that some people, at least, will want or need to liquidate prior to the final end game, would you be willing to do a column on the ins and outs of capital gains taxes? I’m realize that for now, for sales below $10k, the practical reality is that reporting to the IRS is more or less voluntary. What will happen when gold becomes, say, over $10k/oz? Or what if someone must liquidate $20k in gold or silver under current law and circumstances? How do capital gains taxes affect their profit, and what might be some mitigation strategies? Taxes and other “gotchas!” are important parts of all forms of asset protection strategies from now until the point in time when fiat and the tax collection system fully stop functioning. Traditional tax and financial planners generally seem to shy away from doing anything with metals except ETF’s and tackling these kinds of questions seems to be beyond their pay grades. That’s why I’m trying to do my research through people like you who have an aggressive interest in metals and genuine understanding of how governments react to them. Thanks, in advance, for your help in bringing light to this possible issue.