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Warning to expats


sinsin2

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Most of the gold demand is coming from India (inflation 9%) and China. Are those your idea of stable markets?

 

http://www.prlog.org/11503134-gold-prices-rose-as-chinas-invest-in-gold-surged-179.html

More stable than those tin pot South American and African countries that spin tailed out of control. Inflation comes with any capital market, it is not a steady incline and decline ... they are bursting at the moment and economists all over the world have never ever got it 100% right, so, China and India are experiencing some hick ups, it is still relatively stable :beer:

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...they are bursting at the moment and economists all over the world have never ever got it 100% right, so, China and India are experiencing some hick ups, it is still relatively stable :beer:

 

Very glad to hear it. Hope you don't mind if I take out a little insurance.

 

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You asking me? Inflation, crooks on Wall Street, massive unsustainable government debt, bond defaults, alien invasions, asteroids collisions, global warming, unknown viruses, armies of brown people swarming over borders, killer bees, zombies, nuclear terrorists.....that's just for starters. Not saying any of it will happen but you never know. :)

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Gold, silver coins to be legal currency in Utah

 

By JOSH LOFTIN

Associated Press

 

SALT LAKE CITY (AP) -- Utah legislators want to see the dollar regain its former glory, back to the days when one could literally bank on it being "as good as gold."

 

To make that point, they've turned it around, and made gold as good as cash. Utah became the first state in the country this month to legalize gold and silver coins as currency. The law also will exempt the sale of the coins from state capital gains taxes.

 

......

 

http://hosted.ap.org/dynamic/stories/U/US_BACK_TO_GOLD?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-05-22-15-23-20

 

 

Gold and silver coin investor think they are getting a good deal on coins but they probably are not.

 

If the sales tax rate is 10%,after the coin has traded hands 10 times, [color:red]the State has made the face value of the coin without lifting a hand[/color].

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Oh it's bad. And that's just the big stuff. Never mind all the little daily problems. Fear and worry are endemic to the human condition, even Australians do it. Fortunately I don't have a teerak so that's one less problem. :content:

Due to your fatalistic outlook on things, maybe you need one, maybe two ... better two at the same time :beer:

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