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RodCrosby

Mew For Gold/silver

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Serious question. Why not?

If the SHTF anyway, wouldn't it be nice to have your house value turned into gold before then?

They can reposses the house for all I care, but I'll still have my allocated account in Switzerland hopefully worth 10x what I paid for it with the useless bits of paper.....

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Serious question. Why not?

If the SHTF anyway, wouldn't it be nice to have your house value turned into gold before then?

They can reposses the house for all I care, but I'll still have my allocated account in Switzerland hopefully worth 10x what I paid for it with the useless bits of paper.....

Tax

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Tax

what tax? Say I go offshore when the SHTF... or invest in coins instead?

I am talking about a weath preservation strategy, and tax will be rather low on my list of priorities when the SHTF....

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RAMP AHEAD

Gold is looking like a pretty solid play.

I wouldn't want to "bet the house" on it,but would certainly stash a reasonable percentage of your equity in it.it's always a good plan to spread risk a bit(something the propsters haven't got a clue about)

I have holdings in one of my funds and also a goldline account....but I only have about 20% of my total there,my big play is japan and I have about 50% weighting there(for growth potential and currency fluctuation reasons)

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what tax? Say I go offshore when the SHTF... or invest in coins instead?

I am talking about a weath preservation strategy, and tax will be rather low on my list of priorities when the SHTF....

I believe you have to pay CGT on over 8.2K profit, coins.. that would be britannias that are tax exempt but thats alot of coins for an average house sale.

As a wealth preservation stratagy its cool though :)

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As a wealth preservation stratagy its cool though :)

I have investments in gold, but I certainly wouldnt be borrowing money at 6 or 7 % to invest in gold.

I think it would be a big gamble.

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I have investments in gold, but I certainly wouldnt be borrowing money at 6 or 7 % to invest in gold.

I think it would be a big gamble.

Likewise, i took it to be a STR ideology though so no mortgage.

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Question?

Which of the following strategies is more likely to build wealth and ensure a prosperous retirement.

1. Increasing the mortgage on your home via MEW and buying a (car/holiday/kitchen - delete as appropriate)

2. Increasing the mortgage on your home via MEW and buying a pile of real money - gold.

Duh!!!

BAB

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Question?

Which of the following strategies is more likely to build wealth and ensure a prosperous retirement.

1. Increasing the mortgage on your home via MEW and buying a (car/holiday/kitchen - delete as appropriate)

2. Increasing the mortgage on your home via MEW and buying a pile of real money - gold.

Duh!!!

BAB

Neither of these look like wealth building strategeies to me.Taking out a mortgage to spend on a kitchen or gamble on the price of a commodity are not investment strategies at all.

"Neither a lender nor a borrower be......" as my Dad used to say (before he got sacked from the bank).

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I STRed to buy gold shares, and it has worked like a dream.

But I had years of experience investing in the sector, so I had a reasonablygoodidea of where I was going to park the money. Now the trick will be getting out of the sector at the right time.

well aye, but even you had to start somewhere, right? :)

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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