worst gold fund for 2019

Discussion of the Gold portion of the Permanent Portfolio

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dualstow
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Re: worst gold fund for 2019

Post by dualstow » Fri Dec 06, 2019 4:56 pm

technovelist wrote:
Fri Dec 06, 2019 4:44 pm
Your bank offers free gold storage? Wow, that's a great deal!
In effect, yes. At some point, when they were trying to sell me various investments, they waived the box fee forever. That guy moved on to a different bank, and I reconfirmed with his replacement that there is still no fee. I wouldn’t mind paying; I just don’t want to be billed without knowing it, which might lead to my box being drilled and emptied. Hence the regular visits.

I just need to keep a few thousand in checking, and they leave me alone.

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merchant selling individual items of food is 16th cent. in Middle English this was a spicer.
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Re: worst gold fund for 2019

Post by stuper1 » Fri Dec 06, 2019 5:22 pm

When you sell gold bullion, including gold coins, isn't it taxed as a "collectible"? Doesn't that offer a strong argument that gold coins kept in a safe deposit box are "collectible" items, which are allowed under the Chase agreement?
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technovelist
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Re: worst gold fund for 2019

Post by technovelist » Fri Dec 06, 2019 5:25 pm

stuper1 wrote:
Fri Dec 06, 2019 5:22 pm
When you sell gold bullion, including gold coins, isn't it taxed as a "collectible"? Doesn't that offer a strong argument that gold coins kept in a safe deposit box are "collectible" items, which are allowed under the Chase agreement?
I wouldn't count on it. As with the IRS, they are going to use whatever definition suits them in each case without worrying about logical consistency.
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mathjak107
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Re: worst gold fund for 2019

Post by mathjak107 » Fri Dec 06, 2019 5:49 pm

stuper1 wrote:
Fri Dec 06, 2019 5:22 pm
When you sell gold bullion, including gold coins, isn't it taxed as a "collectible"? Doesn't that offer a strong argument that gold coins kept in a safe deposit box are "collectible" items, which are allowed under the Chase agreement?
Nope ...how something is taxed has no bearing.. a tax category does not make something a collectible .
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dualstow
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Re: worst gold fund for 2019

Post by dualstow » Fri Dec 06, 2019 7:08 pm

Put the coins in a stuffed animal, and then bring that to the bank.

grocer - wholesale dealer, one who buys and sells in gross.
merchant selling individual items of food is 16th cent. in Middle English this was a spicer.
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Re: worst gold fund for 2019

Post by mathjak107 » Sat Dec 07, 2019 3:24 am

a few coins are easy . but in my case 500k in gold is going to raise a few eyebrows ha ha ha
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Re: worst gold fund for 2019

Post by dualstow » Sat Dec 07, 2019 5:10 am

mathjak107 wrote:
Sat Dec 07, 2019 3:24 am
a few coins are easy . but in my case 500k in gold is going to raise a few eyebrows ha ha ha
Wow! That’s over 20 lbs of gold. Raised my eyebrows, anyway. :D

grocer - wholesale dealer, one who buys and sells in gross.
merchant selling individual items of food is 16th cent. in Middle English this was a spicer.
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Re: worst gold fund for 2019

Post by mathjak107 » Sat Dec 07, 2019 7:37 am

i don't bother with possession anymore ... not worth the trouble when it comes to shipping , selling , storage , and insurance .... i have guns , with those i can get anything else i need when the zombie attack happens .
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technovelist
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Re: worst gold fund for 2019

Post by technovelist » Sat Dec 07, 2019 8:37 am

mathjak107 wrote:
Sat Dec 07, 2019 7:37 am
i don't bother with possession anymore ... not worth the trouble when it comes to shipping , selling , storage , and insurance .... i have guns , with those i can get anything else i need when the zombie attack happens .
I'm not sure that is the best plan. It doesn't always work out well in the literature.
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Re: worst gold fund for 2019

Post by dualstow » Sat Dec 07, 2019 12:09 pm

Shipping's free.

grocer - wholesale dealer, one who buys and sells in gross.
merchant selling individual items of food is 16th cent. in Middle English this was a spicer.
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Re: worst gold fund for 2019

Post by ochotona » Sat Dec 07, 2019 4:12 pm

If you shoot someone and they sue you, you're going to lose your gold anyway
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Re: worst gold fund for 2019

Post by mathjak107 » Sat Dec 07, 2019 4:29 pm

ochotona wrote:
Sat Dec 07, 2019 4:12 pm
If you shoot someone and they sue you, you're going to lose your gold anyway
In the proverbial zombie attack where you need your physical gold I wouldn’t worry about courts or law suits as we are talking anarchy or chaos
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