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What's that? You wanna chit chat? Welcome to the whore thread!
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05-10-2016, 09:04 PM | #27545 | ||
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For clarity - never said precious metals were not a option to make money - just have a steep downside relative to other investments such as dirt that was purchased at one of the cheapest periods in history. Additionally - I'll depreciate the assets and use expenses to offset any gains or profit from asset sales to further reduce my tax liability....OR EVEN GET $$ BACK ![]() People can mine more metals - they are not making anymore land to my knowledge...not on Earf anyway... To each their own - my way is/has worked for me, that's all that I can say. |
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05-10-2016, 09:13 PM | #27546 | |||
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That is all. (I love real estate too. I'm sure you are depreciating the building.) |
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05-10-2016, 09:17 PM | #27547 | |
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05-10-2016, 09:18 PM | #27548 | |
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Perhaps it was my differentiating between the investment objective of gold. In my opinion, it's not an income generator (not a cash flow generator) at all...to me, it's for capital preservation. I guess there's a disconnect in definitions. Not to confuse, also not saying you cannot make a profit off of gold. You certainly can but for me it's more a tool to hedge against every other security market taking a nosedive. If I end up buying low and selling higher, great. |
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05-10-2016, 09:19 PM | #27549 | |
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Edit: I'm sure you know this but building and land are separate. Land can't be depreciated. I was just being enthusiastic. |
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05-10-2016, 09:24 PM | #27550 |
is probably out riding.
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Some of us need it spelled out, all simple like.
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"There is no greater tyranny than that which is perpetrated under the shield of the law and in the name of justice. -Charles de Secondat"
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05-10-2016, 09:25 PM | #27551 |
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05-10-2016, 09:25 PM | #27552 | |
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I may be thinking of this in the wrong terms, but the value of the commodity is only as strong as the currency used to buy/sell the assets - right? Unless....you are hedging that the commodity will become the standard of monetary exchange? |
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05-10-2016, 09:29 PM | #27553 | ||
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05-10-2016, 09:35 PM | #27554 | |
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But trust me, if we're headed for another 2008/2009...a 30% downside for most fund managers is a great hedge. Regarding the correlation of currency...to commodities. It's much more complicated than that. For argument sake, I would view it as a separate animal... The fact that gold costs 1265/oz in US...it's the same value everywhere else <-- this is key. Currency impact and affordability is something else. So now, let's separate the two. Each commodity price - like the milk and fuel example - is driven by a different set of market forces. If you focus purely on precious metals...there are still a lot of differences. If we talk about gold, it's the first stop investors go to to protect themselves. But under normal market conditions, the price is driven by, believe it or not, jewelry demand...demand from individuals (i.e. China and India comprise about 1/2 of the worlds gold demand). Then there's the constant speculative component. Hope this helps! ![]() |
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05-10-2016, 09:35 PM | #27555 |
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I had no idea those were called biscuits. I just thought they were... Baby bars?
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05-10-2016, 09:39 PM | #27556 | |
YouTube.com/TvTara
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05-10-2016, 09:40 PM | #27557 | |
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Now you know. I gots some. Bling bling, bitches! |
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05-10-2016, 09:40 PM | #27558 |
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05-10-2016, 09:44 PM | #27559 | |
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05-10-2016, 09:45 PM | #27560 | |
is probably out riding.
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05-10-2016, 09:48 PM | #27561 | |
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You gotta separate the two. Throw out the notion that USD = 0.87 EUR or whatever. |
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05-10-2016, 09:49 PM | #27562 |
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^that. I've got a few things. Plus, Food, water supply, a bit of fuel, mad batteries and medicine.
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05-10-2016, 09:50 PM | #27563 |
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In the zombie apocalypse - the only true currency is bullets
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05-10-2016, 09:52 PM | #27564 |
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Ah....but today, my currency can buy ANY asset - but a Barrel of Crude without a standard of exchange is only valuable to someone that wants the commodity in trade....
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05-10-2016, 09:55 PM | #27565 | |
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05-10-2016, 09:57 PM | #27566 | |
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