RodCrosby Posted October 2, 2005 Share Posted October 2, 2005 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..... Quote Link to comment Share on other sites More sharing options...
theChuz Posted October 2, 2005 Share Posted October 2, 2005 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 Quote Link to comment Share on other sites More sharing options...
Guest muttley Posted October 2, 2005 Share Posted October 2, 2005 (edited) RAMP AHEAD Edited October 2, 2005 by muttley Quote Link to comment Share on other sites More sharing options...
RodCrosby Posted October 2, 2005 Author Share Posted October 2, 2005 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.... Quote Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted October 2, 2005 Share Posted October 2, 2005 RAMP AHEAD Quote Link to comment Share on other sites More sharing options...
oracle Posted October 2, 2005 Share Posted October 2, 2005 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) Quote Link to comment Share on other sites More sharing options...
theChuz Posted October 2, 2005 Share Posted October 2, 2005 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 Quote Link to comment Share on other sites More sharing options...
Flick Posted October 2, 2005 Share Posted October 2, 2005 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. Quote Link to comment Share on other sites More sharing options...
theChuz Posted October 2, 2005 Share Posted October 2, 2005 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. Quote Link to comment Share on other sites More sharing options...
BayAreaBear Posted October 3, 2005 Share Posted October 3, 2005 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 Quote Link to comment Share on other sites More sharing options...
Guest muttley Posted October 3, 2005 Share Posted October 3, 2005 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). Quote Link to comment Share on other sites More sharing options...
Fancypants Posted October 3, 2005 Share Posted October 3, 2005 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? Quote Link to comment Share on other sites More sharing options...
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