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Post by woodyz on Mar 25, 2017 14:32:12 GMT -7
Well, it is right now, but. In just the past week, lawmakers in Idaho and Arizona have passed bills removing “Capital Gains Taxes” from gold and silver coins and bars. Normally, when individuals sell gold or silver, they must pay capital gains on any increase on the value of their precious metals investments. However, gold and silver are really not investments per say, rather they perform as real money. Thus, the lawmakers in Idaho and Arizona realize their citizens shouldn’t have to pay taxes on their gold and silver holdings because they have increased in value due to the debasement of the U.S. Dollar by loose Federal Reserve monetary policies. www.zerohedge.com/news/2017-03-08/arizona-senate-committee-passes-bill-treat-gold-money-remove-capital-gains-taxnews.goldseek.com/GoldSeek/1489516918.phpnow Utah moves to do the same www.zerohedge.com/news/2017-02-03/utah-bill-sets-stage-state-gold-depository-further-encourages-use-metals-moneySo, the Federal Reserve met and raised interest rates or the U.S. Government gets ready to increase the debt ceiling above $20 trillion, several states are preparing for a time when the U.S. Dollar is no longer is a viable form of money. srsroccoreport.com/it-begins-idaho-arizona-pass-bills-to-remove-capital-gains-on-gold-silver/gold drops on Friday to $1243 gold might be set to drop to $500 but if it does you won’t find any to buy why want it now if it will go to $500 $500 in hand is worth more than $1250 in a failed bank. Just sayin’
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Post by graf on Mar 25, 2017 15:35:04 GMT -7
In the last year I have buying some silver every month as one of my preps even keep some with me while out of town. JMBullion recently came out with a 100 gram that is devided into 1 gram segments that way you don't have to bother with cutting larger pieces down. Even if metals go down they'll still be worth more than paper
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Post by woodyz on Mar 25, 2017 17:38:18 GMT -7
I too buy silver every month,
I think I will start a gold savings account, like a Christmas account, and every time it gets to $1250, buy an ounce of gold
I have some, somewhere when I took my last job buyout in 2008 gold was $740 and I bought some. Wish I had bought more now.
The problem I have is I know where it is but I don't want to tell anyone and they need to know based on my health issues
So what I did was put a letter in a safety deposit box with a will so my Wife can find it.
If I put it in the will, it will get taxed, differently.
anyway, that's what I am doing
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