Search found 458 matches

by FarmerD
Mon Mar 16, 2020 9:52 pm
Forum: Gold
Topic: Precious metal coins no longer available
Replies: 22
Views: 8843

Re: Precious metal coins no longer available

Just noticed Texas Precious Metals is also out of silver. They are effectively out of business for a while. The CEO, Tarak Saab has posted the following:

https://www.texmetals.com/news/importan ... 3-12-2020/
by FarmerD
Mon Mar 16, 2020 9:48 pm
Forum: Gold
Topic: Precious metal coins no longer available
Replies: 22
Views: 8843

Precious metal coins no longer available

I've read the US Mint is completely out of silver eagles. If you can find any silver eagles to buy, online premiums have skyrocketed. Same thing with gold coins. For example, Texas Precious Metals to completely sold out of gold. Absolutely amazing! https://www.texmetals.com/products/gold-coins And y...
by FarmerD
Thu Mar 12, 2020 11:00 am
Forum: Other Discussions
Topic: Anyone Else Prepping?
Replies: 95
Views: 22243

Anyone Else Prepping?

I've stocked our cupboards with canned fruit, vegetables, seafood (oysters, clams, salmon, sardines) and canned soup, etc. I'm not worried about stores running out of food - I'm thinking if coronavirus is rampant, it's probably a good idea not to go to the grocery store anymore. I also went to a vet...
by FarmerD
Tue Mar 10, 2020 7:33 pm
Forum: Other Discussions
Topic: Joel Fuhrman, M.D.
Replies: 34
Views: 10905

Re: Joel Fuhrman, M.D.

Something must have happened to Dr Fuhrman. I remember him being a rather militant vegan. Now he's recommending eating some dairy, fish and red meat?!?!

I guess he's a recovering vegetarian.
by FarmerD
Mon Feb 24, 2020 12:13 pm
Forum: Other Discussions
Topic: photos-ny botanical garden
Replies: 5
Views: 2449

Re: photos-ny botanical garden

Thanks for the photos!
by FarmerD
Mon Nov 25, 2019 4:56 pm
Forum: Other Discussions
Topic: MMT
Replies: 9
Views: 3760

Re: MMT

Libertarian666 wrote:
Sun Nov 24, 2019 4:42 pm
No one expects a return to the gold standard... until it happens.
Exactly. I'm sure there isn't a single politician or central banker who wants a return to a gold standard. However, they may not have any other choice. It may well be forced on them.
by FarmerD
Mon Nov 11, 2019 9:21 am
Forum: Gold
Topic: Texas Statewide Proposition 9, November 2019 Election
Replies: 46
Views: 33189

Re: Texas Statewide Proposition 9, November 2019 Election

That would not be Constitutional: https://www.heritage.org/constitution/#!/articles/1/essays/70/state-coinage But recognizing privately minted coins as legal tender would be perfectly Constitutional. I'm pretty sure they are going to do that. I have also heard that they have plans to issue debit an...
by FarmerD
Fri Nov 08, 2019 1:08 pm
Forum: Gold
Topic: Texas Statewide Proposition 9, November 2019 Election
Replies: 46
Views: 33189

Re: Texas Statewide Proposition 9, November 2019 Election

Do you know of any plans for Texas to strike their own gold coins? That would not be Constitutional: https://www.heritage.org/constitution/#!/articles/1/essays/70/state-coinage But recognizing privately minted coins as legal tender would be perfectly Constitutional. I'm pretty sure they are going t...
by FarmerD
Tue Oct 29, 2019 1:51 pm
Forum: Gold
Topic: Texas Statewide Proposition 9, November 2019 Election
Replies: 46
Views: 33189

Re: Texas Statewide Proposition 9, November 2019 Election

, and if challenged by Texas, it is likely they can’t enforce capital gains tax ... We need a test case for this one! I visited the depository a couple weeks ago. One of the managers said Texas has sent letters to the IRS over the past year or two but have not gotten any responses. He would not tel...
by FarmerD
Tue Oct 29, 2019 1:46 pm
Forum: Gold
Topic: Texas Statewide Proposition 9, November 2019 Election
Replies: 46
Views: 33189

Re: Texas Statewide Proposition 9, November 2019 Election

Confusing language: "No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Ob...
by FarmerD
Tue Oct 29, 2019 1:02 pm
Forum: Gold
Topic: Texas Statewide Proposition 9, November 2019 Election
Replies: 46
Views: 33189

Re: Texas Statewide Proposition 9, November 2019 Election

I think you are all deluding yourselves if you think that if the US government wants to seize or tax your gold that holding it in TX or AU or anywhere else is going to matter. See FACTA. That has worked so well that the Swiss banking cartel basically quit offering US accounts. You also underestimat...
by FarmerD
Tue Oct 29, 2019 12:49 pm
Forum: Gold
Topic: Texas Statewide Proposition 9, November 2019 Election
Replies: 46
Views: 33189

Re: Texas Statewide Proposition 9, November 2019 Election

I have no idea where she will get that money but a 100 percent ad valorem tax on gold wherever she can get her hands on it it will probably be way more easy to get from the Texas depository than the Perth Mint. Libertarian666 gave a good reply to this, but I'd also like to point out that while the ...
by FarmerD
Wed Sep 25, 2019 10:58 pm
Forum: Permanent Portfolio Discussion
Topic: Mish Shedlock Recommends the Permanent Portfolio
Replies: 2
Views: 2551

Mish Shedlock Recommends the Permanent Portfolio

Interesting. See comments to the following article. Its kinda hard to argue with his reasoning.
https://moneymaven.io/mishtalk/economic ... kriNjRQ0A/
by FarmerD
Thu Sep 12, 2019 6:11 am
Forum: Gold
Topic: Texas Bullion Depository is the Best Way to Protect Your Gold
Replies: 14
Views: 12636

Re: Texas Bullion Depository is the Best Way to Protect Your Gold

FarmerD, full.disclosure please. Not sure if you're serious but I have no financial interest in any company connected with the depository. I had made several inquiries into storing gold in a safe deposit box in the Singapore Freeport but the more I researched the legal aspects of a state run gold-b...
by FarmerD
Wed Sep 11, 2019 9:25 pm
Forum: Gold
Topic: Texas Bullion Depository is the Best Way to Protect Your Gold
Replies: 14
Views: 12636

Re: Texas Bullion Depository is the Best Way to Protect Your Gold

I don’t think the IRS has ever said that allocated overseas gold is subject to those reporting laws. All I’ve seen is CYA advice offered by third parties. You don't have to file FBAR or FATCA if you directly own the gold in a safe deposit box and nobody else can access it. However, Perth Mint can a...
by FarmerD
Wed Sep 11, 2019 1:38 pm
Forum: Gold
Topic: Texas Bullion Depository is the Best Way to Protect Your Gold
Replies: 14
Views: 12636

Re: Texas Bullion Depository is the Best Way to Protect Your Gold

In a nutshell: States have constitutionally protected rights to create a gold backed currency. As such it’s extremely unlikely the Feds can seize the gold at the depository, force sale of gold at the depository to the Feds, and if challenged by Texas, it is likely they can’t enforce capital gains ta...
by FarmerD
Wed Sep 11, 2019 1:09 pm
Forum: Gold
Topic: Texas Bullion Depository is the Best Way to Protect Your Gold
Replies: 14
Views: 12636

Re: Texas Bullion Depository is the Best Way to Protect Your Gold

It appears Texas is following the outline laid out by Dr Edwin Vieira, a constitutional law expert who has argued several cases before the Supreme Court. In the following videos (which are absolutely fascinating), Vieira describes his ideas on a state run gold-backed currency. 1. A state gold-backed...
by FarmerD
Wed Sep 11, 2019 12:20 pm
Forum: Gold
Topic: Texas Bullion Depository is the Best Way to Protect Your Gold
Replies: 14
Views: 12636

Re: Texas Bullion Depository is the Best Way to Protect Your Gold

Sounds wonderful, every time I've looked at it, it's too costly compared to an insured safe deposit box. The cost for the Depository is 0.5% annually while the safe deposit box insurance is about 0.2% annually. Keep in mind however, the entire reason Harry Browne recommended geographic diversificat...
by FarmerD
Wed Sep 11, 2019 12:02 pm
Forum: Gold
Topic: Texas Bullion Depository is the Best Way to Protect Your Gold
Replies: 14
Views: 12636

Texas Bullion Depository is the Best Way to Protect Your Gold

I'm going to argue the Texas Bullion Depository is a far better option than any other geographical diversification idea. The past few months I’ve done a deep dive on storing gold in the Texas Bullion Depository as well as the implications of creating a state gold-backed currency. Very few people und...
by FarmerD
Tue Jun 25, 2019 9:48 pm
Forum: Bonds
Topic: TLT vs EDV vs ZROZ
Replies: 13
Views: 16250

Re: TLT vs EDV vs ZROZ

I've used EDV for the past 8 years for all my long bonds. Keep in mind EDV is about 50% more volatile than TLT so you need less of it to balance out your stock holdings. Craig, Tex and others have discussed before so review the older posts in the bond section.
by FarmerD
Tue Jun 25, 2019 9:43 pm
Forum: Gold
Topic: Coin Premiums Dropping Fast
Replies: 23
Views: 8548

Coin Premiums Dropping Fast

You'd think with the recent rise in gold, coin premiums might be up. However, the opposite seems to be happening. I guess it's just supply and demand. For some reason people have stopped buying coins and inventories are bulging so coin sellers are dumping. Last week I bought some 1 oz Kangeroos at s...
by FarmerD
Fri Jan 04, 2019 7:39 pm
Forum: Gold
Topic: Texas Bullion Depository Open for Business
Replies: 19
Views: 17881

Texas Bullion Depository Open for Business

Looks like the Texas Bullion Depository is up and running. They charge 0.5% yearly for segregated storage. Here's some information about the depository. The Texas Bullion Depository was designed to be different than other depository offerings from the very beginning. It was created to provide a safe...
by FarmerD
Wed Apr 25, 2018 2:59 pm
Forum: Gold
Topic: Gold Eagle Premiums Falling
Replies: 3
Views: 3543

Gold Eagle Premiums Falling

I've read the US Mint coin sales for silver Eagles and Gold eagles are at 10 year lows. That probably accounts for the big drop in premiums. For example, right now, Gainesville Coins has 1 oz Gold eagles on sale for $14.99 over spot. I've never seen a premium that low in the 10+ years I've followed ...
by FarmerD
Wed Mar 08, 2017 12:43 pm
Forum: Gold
Topic: Sprott to acquire CEF
Replies: 18
Views: 12980

Sprott to acquire CEF

I saw today gold and silver were down today but CEF was up almost 3%. I figured something was up and apparently there is. Looks like Sprott is seeking to acquire the Central Fund of Canada much like they did to GTU recently. As of COB yesterday, CEF's price was 12.27 while it's NAV was listed as 13....
by FarmerD
Sun Feb 26, 2017 12:02 am
Forum: Other Discussions
Topic: Most scientists can't replicate studies by their peers
Replies: 14
Views: 8383

Re: Most scientists can't replicate studies by their peers

“It is simply no longer possible to believe much of the clinical research that is published, or to rely on the judgment of trusted physicians or authoritative medical guidelines. I take no pleasure in this conclusion, which I reached slowly and reluctantly over my two decades as an editor of The New...