Poll: What percentage of your gold is held in physical form?
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- Ad Orientem
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Re: Poll: What percentage of your gold is held in physical form?
Tread carefully friend. The IRS is not known for their sense of humor.
Re: Poll: What percentage of your gold is held in physical form?
Ohhh yes AdO of course i was kidding.Ad Orientem wrote: ↑Fri Nov 27, 2020 3:51 pmTread carefully friend. The IRS is not known for their sense of humor.
All kidding aside, having a bunch of gold coins hidden at the time of marriage is better than a prenup. Bonus points if you can quietly accumulate and hide them during marriage too so you can pay for life after marriage (if she leaves you).
The communists have been proposing a wealth tax for some time. Of course you should happily pay it as a social duty to your fellow man but......if you are an antisocial deplorable, gold coins will be hard for them to tax if they're hidden at home.
So many advantages to physical gold at home or maybe some abroad (I can't think of many safe places though). The liquidity and miniscule lower spreads of paper bets are overrated advantages I think. Precisely when you actually need the gold you're almost certain to not be able to obtain it.
Get physical guys. Start with 1 small coin. Buy it for yourself for xmas.
Re: Poll: What percentage of your gold is held in physical form?
How do you know? I'd go so far as to say if you're not married but think you might someday.....participate in your 401k match and put ALL rest in gold coins and NEVER reveal it until you retire, if then. You could just quietly sell one every month and tell her the money is coming from some great investments you were smart enough to make.
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Re: Poll: What percentage of your gold is held in physical form?
Me too, although it was 25 years ago.MangoMan wrote: ↑Sun Nov 29, 2020 8:02 amThis has been discussed here before, but let me put it to you this way:SomeDude wrote: ↑Sat Nov 28, 2020 11:58 amHow do you know? I'd go so far as to say if you're not married but think you might someday.....participate in your 401k match and put ALL rest in gold coins and NEVER reveal it until you retire, if then. You could just quietly sell one every month and tell her the money is coming from some great investments you were smart enough to make.
If you knew that a certain investment opportunity had only a 30% chance of profitability and if it didn't pan out you would lose at least half of your original investment plus create all kinds of collateral damage, would you invest your life savings in that even if the profit was potentially great? As PPers, that type of investment doesn't fit with our philosophy, yet that's essentially what men do when they enter into a legal contract with another person and the government, called marriage.
And I know because I have had the displeasure of personally dealing with this about a decade ago.
My current marriage is one of the relatively rare winners.
- Cortopassi
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Re: Poll: What percentage of your gold is held in physical form?
Hey, we found another thing in common! 26 years happy here.Libertarian666 wrote: ↑Sun Nov 29, 2020 10:28 amMe too, although it was 25 years ago.MangoMan wrote: ↑Sun Nov 29, 2020 8:02 amThis has been discussed here before, but let me put it to you this way:SomeDude wrote: ↑Sat Nov 28, 2020 11:58 amHow do you know? I'd go so far as to say if you're not married but think you might someday.....participate in your 401k match and put ALL rest in gold coins and NEVER reveal it until you retire, if then. You could just quietly sell one every month and tell her the money is coming from some great investments you were smart enough to make.
If you knew that a certain investment opportunity had only a 30% chance of profitability and if it didn't pan out you would lose at least half of your original investment plus create all kinds of collateral damage, would you invest your life savings in that even if the profit was potentially great? As PPers, that type of investment doesn't fit with our philosophy, yet that's essentially what men do when they enter into a legal contract with another person and the government, called marriage.
And I know because I have had the displeasure of personally dealing with this about a decade ago.
My current marriage is one of the relatively rare winners.
Re: Poll: What percentage of your gold is held in physical form?
7.5 months.
I'm still in the accumulation phase
I'm still in the accumulation phase
Re: Poll: What percentage of your gold is held in physical form?
Been following this guy for investment thoughts for ages.Cortopassi wrote: ↑Sun Nov 29, 2020 10:53 amHey, we found another thing in common! 26 years happy here.Libertarian666 wrote: ↑Sun Nov 29, 2020 10:28 amMe too, although it was 25 years ago.MangoMan wrote: ↑Sun Nov 29, 2020 8:02 amThis has been discussed here before, but let me put it to you this way:SomeDude wrote: ↑Sat Nov 28, 2020 11:58 amHow do you know? I'd go so far as to say if you're not married but think you might someday.....participate in your 401k match and put ALL rest in gold coins and NEVER reveal it until you retire, if then. You could just quietly sell one every month and tell her the money is coming from some great investments you were smart enough to make.
If you knew that a certain investment opportunity had only a 30% chance of profitability and if it didn't pan out you would lose at least half of your original investment plus create all kinds of collateral damage, would you invest your life savings in that even if the profit was potentially great? As PPers, that type of investment doesn't fit with our philosophy, yet that's essentially what men do when they enter into a legal contract with another person and the government, called marriage.
And I know because I have had the displeasure of personally dealing with this about a decade ago.
My current marriage is one of the relatively rare winners.
His post is about Gold/Silver/Bitcoin/Marriage/Corona Virus/Economics/Health (take your pick )
Feel a bit sorry for him as he obtained enough to retire then got cancer. Doubt if I could remain so positive in his situation......
https://www.youtube.com/watch?v=0B-fvfL ... LA&index=2
Aussie GoldSmithPP - 25% PMGOLD, 75% VDCO
Re: Poll: What percentage of your gold is held in physical form?
Anyone considering buying physical gold for the first ruins but having a hard time pulling the trigger?
Re: Poll: What percentage of your gold is held in physical form?
Re: Poll: What percentage of your gold is held in physical form?
A 1oz gold bar at monument metals is 1.5% over spot.
Re: Poll: What percentage of your gold is held in physical form?
Some of my xmas money will be going to physical. Thank you, Santa!
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- vnatale
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Re: Poll: What percentage of your gold is held in physical form?
k9 wrote: ↑Mon Mar 31, 2014 4:34 am
100% physical here. To each his own, but I don't really get the "I'm 100% ETF because that's more convenient". You are not supposed to ever sell your whole gold portion (except in armaggedon scenarios). So you can hold a stable foundation (say, 1/3rd of it you will probably never, ever sell) as physical gold and keep the potentially-rebalanced 2/3 in ETFs.
Here is a good opposite argument for only physical and NO paper!
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
Re: Poll: What percentage of your gold is held in physical form?
Depends upon how much you're drawing, or not.
Accumulators (0% SWR) 22% physical (unlikely to be traded), 3% fund/ETF i.e. yearly granularity lowest low historic since 1930's was 88%.
2% SWR 16% physical
3% SWR 8% physical
Accumulators (0% SWR) 22% physical (unlikely to be traded), 3% fund/ETF i.e. yearly granularity lowest low historic since 1930's was 88%.
2% SWR 16% physical
3% SWR 8% physical