Gold & Silver - Discussions

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  • thomas_pp's picture
    Sep 30 2016 - 10:17am by thomas_pp

    Hi all,

    In my country of residence (Singapore) I am allowed to invest 10% of my retirement funds in gold. However, the only option allowed is SPDR Gold Shares (GLD), which has certain risks that most of you are probably aware of. Alternatively my funds will be invested according to the default option, which is a kind of fixed deposit account with the government that is denominated in Singapore Dollars and currently earns about 2.5% interest per year. If invested in the default option, the principal would be 'guaranteed' by the government.

  • davefairtex's picture
    Sep 30 2016 - 4:16am by davefairtex

    Gold fell -1.40 to 1323.50 on moderate volume, and silver fell -0.08 to 19.17 on moderate volume also.  The big news of the day was about Deutsche Bank - ten hedge funds reportedly withdrew money from the bank, a sort of a "hedge fund bank run" - which caused bonds, gold, and the dollar to rally, and equities to sell off.

  • rl's picture
    Sep 29 2016 - 8:53pm by rl

    Hello all,

    In the USA, what are the tax rules for capital gains on gold?

    Consider the scenario,
    buy gold today
    hold it for a few years
    the gold appreciates in value
    sell the gold for more dollars than before

    In Canada, our accountant tells us that when
    the gold is sold, tax must be paid on the capital gains.
    Only half of the capital gains is taxable.
    So, given a capital gain of $1000, only $500 is taxed.

    If gold was used in trade, say 1 gold coin for a suit

    gold,, silver, tax
  • davefairtex's picture
    Sep 29 2016 - 5:14am by davefairtex

    Gold fell -5.80 to 1324.90 on moderate volume, while silver rose +0.03 to 19.25 on moderate volume also.  There were a lot of moving parts today; 6 Fed governors gave speeches, Janet Yellen testified in front of Congress, and OPEC agreed to cut production, sending oil prices screaming higher.

  • davefairtex's picture
    Sep 28 2016 - 6:22am by davefairtex

    Gold fell -11.20 to 1330.70 on moderately heavy volume, while silver fell -0.30 to 19.22 on moderately heavy volume also.   A few minutes after 08:00 gold and silver both started falling; the selling didn't stop until just before noon.  A dollar rally at that same time probably helped to push PM prices down.

  • rl's picture
    Sep 27 2016 - 11:33am by rl

    Hello all,

    Yes, at Peak Prosperity, there is an emphasis
    on gold and real assets. Even I wonder if there
    will be a functioning stock market.

    However, Chris has also been in, and watching, the financial markets.
    A number of months ago Chris wrote that he was short the stock market.

    So, given that you still have assets in the stock markets,
    what is a good investment newsletter to read?

    Mainly I'm looking for one that is accurate as to

  • davefairtex's picture
    Sep 27 2016 - 5:47am by davefairtex

    Gold rose +0.80 to 1341.90 on moderately light volume, while silver fell -0.25 to 19.52 on moderate volume.  A mild drop in the buck was not enough to push gold higher.

  • Jim H's picture
    Sep 25 2016 - 11:59am by Jim H

    You gotta love SRSRocco... aka Steve St. Angelo.  His commentary is data driven.  This particular chart shows that something has changed... and while we can argue about what underlies the trend change, we don't need to argue about what it means.  It means that people, investors, or entities in the West want the Gold.  The physical Gold.. and they want it here, in the US.  They want it here, or they need it here.  

  • davefairtex's picture
    Sep 24 2016 - 9:03am by davefairtex

    On Friday gold rose +0.40 to 1341.10 on light volume, while silver dropped -0.17 to 19.77 on moderate volume. 

    On the week, gold rose +27.90 [+2.12%], silver climbed +0.94 [+4.99%], GDX moved up +4.08%, and GDXJ +3.42%.    Platinum shot up +4.17%, palladium was up +5.06%, and copper rose +3.37%.  It was a really good week for the metals.

  • rl's picture
    Sep 23 2016 - 5:18pm by rl

    Hello Everyone,

    I'd asked this question a few years ago in 2011, at:

    I'd like to ask the question again.
    Partially because the website seems to have changed
    since then, moving from Discussions, to Groups.

    Any thoughts, given the things we are currently seeing.