12-29-25 savo
carib... not calling gold currency..does not change the fact that gold as a reserve (currency or not) has surpassed USTs.. which are also not a currency.
When Central Banks buy gold they are abandoning the dollar which the point i was trying to make.
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12-29-25 carib
Savo: you appear to have a problem with people having different opinions. The disagreement about "reserves" just came up because I do not consider gold as a currency.The amusing aspect of this discussion is, if my memory serves me right, that I actually started buying gold before you did.
There is no question that in the last couple of years it has proved a very successful investment.
My only caveat is that gold price, historically, has not been a one way street, so there is no guarantee it will become such this time, for ever and ever. |
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12-29-25 savo
carib... "The US$ remains the main reserve currency, at present."
exactly the opposite... the main reserve currency at the moment is Gold.
Gold Surpasses US Treasuries for the First Time in 30 Years
https://finance.yahoo.com/news/gold-surpasses-us-treasuries-first-203442334.html
"It is a measure of fear of financial disruption."
you have said that a number of times already and I frankly do not understand where you got that from.
Gold has been the world currency for thousands of years... for the reasons that we all know.
During the last 50 years, briefly in historical terms, the world decided to experiment with fiat. The result has been catastrophic.
Every major currency has lost practically all of its value relative to Gold.
As a consequence central banks are going back to gold.. it is not fear or disruption .. it is common sense.
Why would any central bank hold debt of a country that runs a 50% budget deficit... launches endless wars without money to pay for them every decade, has a 37 trn debt again... that can not repay... and has a politicized Central bank whose next president will be a Trump crony? |
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12-29-25 carib
| Pill: of course, that too. |
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12-28-25 pillz
Gold can be an instrument for holding some wealth, but produces no wealth. It is a measure of fear of financial disruption.
//
and an instrument for speculation , as it have NO industrial value.., please forget jewelry , usually when gold go up , those that have jewelry think to sell them and not buying them ... |
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12-28-25 carib
Savo: Trump wants a loose monetary policy, this is no secret.
The US$ remains the main reserve currency, at present.
Gold price can move up.. and down, history tells us.
Right now is's moving up.
Still, most investment is not directed to accumulating gold, globally, but rather happens in the USA, in China, in the EU, and in developing economies.
Gold can be an instrument for holding some wealth, but produces no wealth. It is a measure of fear of financial disruption. |
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12-28-25 carib
Savo: no taxation of gains.
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12-28-25 savo
carib...
Gold will not increase in price steadily and forever, so there will be a time to buy (a few years ago), and a time to sell.
the steadily part I agree... the forever part may be I do not.
The way I see it, two political decision have been made, one in the US, one abroad.
In the US, they have decided that inflation is not the Fed's priority no matter what they say... The Fed's priority is to finance the treasury and keep the housing market and the stock market at all time highs.
Abroad the decision made is to abandon the dollar as a reserve currency. First slowly, then fast, and eventually all of a sudden.
Those two decisions point to a dollar crisis in the near future... may be before the end of this presidency.
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12-28-25 savo
carib.. i think you did not end this phrase:
...and taxation of gains if bullion held for over 6 months. |
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12-28-25 carib
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12-28-25 spal
| Probably around 27% including state, federal and property. This is higher because my primary residence is in Wisconsin and I pay state taxes whereas if it flipped to my secondary residence in Texas that would go away. About 35% of my income is fully sheltered by real estate depreciation (I could live off this if I chose to). All of my real estate capital gains are sheltered in perpetuity (under current law) and owned by a trust where the tax basis can be stepped up to the market value when the estate is passed on. The taxes I pay are discretionary in the sense that they are largely gains coming out of funds that exit my IRA accounts. If these are redeployed into RE the returns are then sheltered once again. |
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12-28-25 carib
| SAL: what would you say is your real effective tax rate (total taxes paid, including local property taxes, as a % of your total yearly income - excluding unrealised gains)? |
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12-28-25 carib
| I presume (but do not know) the same applies to Singapore. |
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12-28-25 carib
Savo: all I know is large Lux private banks offer safes in a Caveau, and many clients keep gold bars and coins there.
There is still bank secrecy for residents, and taxation of gains if bullion held for over 6 months.
If one keeps some savings in gold, eventually he will have to sell some to pay bills.
Gold will not increase in price steadily and forever, so there will be a time to buy (a few years ago), and a time to sell. |
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12-28-25 savo
| and in any case .. a US gold etf is US situs.. I imagine you do not want that. |
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12-28-25 savo
this is not a gold forum.. we are simply contemplating in real time how the world abandoning the dollar... and taking part in it.
endless wars.. endless deficits... endless money printing... endless bailouts...and now international piracy...
pills.. choosing the US is like a turkey voting for Christmas (as they say).. sooner or later you will have your Roosevelt... by then... it will be too late. |
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12-28-25 spal
| Panas - yes - some truth in that. |
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12-28-25 pillz
| interesting to see, that colores is becoming a gold forum ... , is gold the next bond board ? , and how much % must it be 50% of assets or more ?? and btw, imop i don't trust more gold ch etf then us gold etf , why , because i don't trust more ch the the us |
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12-28-25 panasonic
Spal, in a nutshell:
https://www.gobankingrates.com/taxes/tax-laws/i-asked-chatgpt-how-billionaires-pay-hardly-any-taxes-heres-what-it-revealed/ |
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12-28-25 panasonic
Spal, the contrary is true.
People that depend from Social Security and not enough savings will do better living in low cost countries. |
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12-28-25 panasonic
| Savo, true gold moves in strong rallies, so if you need to sell chunks in flat prices years, depletion is a big problem. |
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12-28-25 panasonic
Vic, nope colores life is not avoiding USA, is avoiding taxes as long as possible.
True, me also was surprised by my decision :-)
After years of three houses, triple expenses, 3 sets of maids, doctors and plumbers plus 20+ flights a year wife and me had enough, Covid + my son moving to Miami the catalyst. |
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12-28-25 spal
when people get older, they usually LEAVE the usa... not move there.
===
What?
If you have money and don't know how to shelter it as a US Citizen you don't understand how the system works. |
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