Randgold Ads Discussion Threads

[john nada] 25/4/2024 18:24

Meanwhile everyone wants gold in Turkey.

Everyone. To the extent Turkey had to issue gold coins to try to stem illegal importations.

Which destroys your whole argument K mon.

[peterbarnes35] 25/4/2024 14:17

No doubt knowing what is coming the Feds are accumulating as much gold as they can, and so are most central banks. With these central banks using every trick they can in order to suppress the gold price so that they can buy as much as they can. With paper gold//(ETF) now =not adequate.

[pvb] 25/4/2024 14:07

peterbarnes35 25 Apr '24 - 12:55 - 283481 of 283484

My mainframe has blown up so i,m= struggling with a laptop.

"mainframe"? Was barnes still using an EDSAC? ;-)

[peterbarnes35] 25/4/2024 13:59

With the information now available on the internet, and a public who now/read it,. it* could also lead to better times. Up to now the only ones who have had a say, are a small elite, who have controled the information, allowed to the public, because of the limited means of dispencing it. This is now no longer the case, although there are still attempts at censorship a large amount of information is now being dispenced. Covid being just one example. *Times they are a changing.

[john nada] 25/4/2024 13:48

Point being K mon 'in this world' you may have to pay tax on any profit made from sales of say a Kruggerand.

[lefrene] 25/4/2024 13:26

savogi, fair comment, it will be almost impossible to buy daily goods with gold, but that's not the point of it, the gold is to preserve wealth, the gold can be sold back to The Mint (at a spread) for the prevailing currency value.

The BRICS are tying their new trading currency to commodities, gold being a significant one of them. They know that confidence lies in a currency being tied to actual real things, and not simply confections that arise from a printing machine or computer programme. It remains to be seen how swiftly the BRICS coin becomes preferred above a dollar that is being trashed. I speculate that once the dollar loses it's status as the Reserve Currency, it won't be able to win it back. We really are just at the beginning of the proverbial 'interesting times'. Will we live long enough to see how it turned out. My guess a totalitarian fascist world, that will wither on the vine, in the way that China's population is declining.

[peterbarnes35] 25/4/2024 12:55

My mainframe has blown up so i,m= struggling with a laptop.

[peterbarnes35] 25/4/2024 12:51

Steve 73
No i did,nt mean it that way central banks are now accumulting as much gold as they can.And even an existing currency such as the dollar, /will have to have some= gold backing to obtain credibility.

[peterbarnes35] 25/4/2024 12:44

Gecko
As the article suggests, it is not so much gold going up as currency devaluing and with the amount of printing that is now being done there is only one direction for both gold and silver. Just back from Chards where i have bought more silver?.

[k mon] 25/4/2024 12:14

Classic .. wood for tree's moment

"Sovereigns and bullion coins are royal mint. You pay no cgt"

And the reason you pay no Capital Gains Tax ... is because there is 'No Capital Gain'


You see
FIAT Has 'Capital Gains Tax' ...
simply because the concepts of 'Interest & 'Inflation'..
(that go along with a FIAT System') ... Requires both of these to Exist..

- How else can you have the 'Appearance'.. of a Growing Economy ..
(where Numbers get larger.. Yet little if anything is produced)


- So you see how Politics / 'Law' & the concept of 'Democracy & FIAT Money
.. are all Intrinsically 'Linked'.. to produce a 'System'.. to keep you in a
False 'Trap'... so that you are continually working & paying 'Tax'..
(To keep the 'System' - Thus the 'Illusion'.. of growth & Progress / 'Power'
and your 'Subjugation / Serfdom ... etc ... operating)


You do not pay 'Capital Gain'.. on Gold coins ..
simply because
.. There cannot be any Gains ...
the coin .. did not magically turn into two coins .. no 'Gain'.. was recieved therefore no 'Tax' is applicable..
A pound is A Pound .. A Sovereign is A sovereign .. an 'A' is an 'A'..
(From Aristotle)


It's quite subtle .. and well constructed .. and Highly accurate
.. yet so few see it

[john nada] 25/4/2024 11:03

Savogi states - you may even need to get your gold bars refined so the dealer can verify the gold content, which costs money and takes time..

-----

Who the hell has gold bars. And dealers have machines anyway that test all PMs within seconds. I've sold myself. It takes 5 seconds. Including small bars if that's what you're referring to.

And so what if it's traceable. Sovereigns and bullion coins are royal mint. You pay no cgt.

This guy is delusion personified. He's managed to convince himself that an elephant can perch on the end of a pin.

[geckotheglorious] 25/4/2024 10:09

Great men create good times...

Good times create weak men...

Weak men create bad times.

We are currently at stage 3.

[excellance] 25/4/2024 07:27

Nobody ever uses gold for day to day transactions. That is what silver is for.

[savogi] 25/4/2024 07:19

lefrene24 Apr '24 - 15:06 - 283452 of 283472
0 1 0
savogi, gold does not require electricity or complex machines in order for it to exist, or for it to be used in transactions, neither is it traceable. It's real, none of the electronic fiat tokens are real, they only register if power and electronic devices are functioning
---------------------------------------------------------

lerfene


How will you convert your shiny metal to buy food and other essentials when there is no electricity?

In a cashless and digital society without electricity, converting gold into goods such as food can be challenging. While physical gold itself is not inherently traceable, any transactions involving gold that pass through a bank or government-recommended institution would be traceable. Also If traditional middle traders are taken out of the equation, you may need to rely on banks or government-recommended institutions to convert gold into currency or goods. These institutions would likely adhere to strict regulatory and compliance measures, such as requiring identification for transactions..


And also there is only one safe way to buy physical gold - Buy it and store it yourself... And also liquidity is significant... Gold is not liquid since it needs to be sold first and converted into cash..To make it fluid, you need to return your coins and bars to a dealer to sell them, which is a hassle..What is worse, if you want to sell them quickly the dealer might not be willing to take them during the financial crisis OR when prices going down...., even before the dealer accepts them, you may even need to get your gold bars refined so the dealer can verify the gold content, which costs money and takes time..

The bottom line is that EVERYTHING IS TRACEABLE..

[steve73] 25/4/2024 01:01

pete, your 470 suggests that a gold-backed currency will never be used until and unless the US dollar is totally destroyed.

If BRICS decide to back their currencies, it will limit their "war machine" (to a fortnight) and allow the "West" to win any military conflict, at which point the west will take the spoils of war, and the gold backed BRICS will collapse as it, and all the other assets, are stolen (which is already happening with the frozen assets now being made available to fund the ).

The only way a gold-backed "honest" currency can emerge is AFTER the US dollar totally fails.

...and we all know how a cornered dog behaves..!!

The only way the dog will die is if it's diseased, or in the case of the USA, when it collapses from within, and I'm not sure if this will occur in time to "save" the wider world.

[excellance] 24/4/2024 23:45

What is the freedom and democracy that joe Biden refers to when he says the USA is number one and this is why they need to find wars?

They say Putin or Xi are dictators, yet they were elected into power, while in the UK we have a hereditary king and the last two prime ministers were not elected by anyone!

[peterbarnes35] 24/4/2024 23:22

A gold backed currency limits the amount of money that can be printed.%And without printed money those wars /would last about a fortnight.

[k mon] 24/4/2024 21:39

WW1..
WW2...
Korea
Vietnam
Middle East (repeatedly)
Israel
.. etc .. etc .. etc..

But no-one stops & thinks ..

Where does all the money to pay for it all .. actually come from..?

[k mon] 24/4/2024 21:37

mr.elbee24 Apr '24 - 16:20 - 283456 of 283467
0 0 0
so why was gold never a reserve currency for the last 100 years?

====================================

Because a Gold backed currency ... Limits the amount that can be spent on War..

.. much easier to 'Create' a 'Currency'... which is Created by & Backed by an 'Opinion'.. That way .. you have an un-limited supply of currency .. because there are so many 'opinions' about..


.. Thus .. you start a 'system'.. of Endless War..
because everyone thinks their Opinion .. is Right.. so everyone in all
societies .. spends all their time fighting .. working and paying .. the system.. That perpetuates ever increasing levels of War..

Because it's Profitable ...

perfect ..

[peterbarnes35] 24/4/2024 20:37

itisnot so much gold going up but rather currency devaluing, and with the amounts of debt there is then currencies have much further to fall, and likewise gold has to rise * and the same could be said for silver?.

PS Since 1913 the dollar lost 97% of ity,s value *And it is /now losing the last 3%rapidly
.

[alligator2023] 24/4/2024 19:12

correct, people are so used to freedom, they take it for granted. young people in particular in the west are so stupid they thing that freedom is defined by their right to have an abortion. they are the nonces supporting the demoncrats and labour.