tag:blogger.com,1999:blog-2643613788950912206.post6765317152116202624..comments2023-09-17T02:33:56.785-05:00Comments on The TSI Trader: GLD, GDX and SLV Does November 2009 Repeat in July 2010?John Townsendhttp://www.blogger.com/profile/13243755287314446656noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2643613788950912206.post-29071781916792698112010-06-29T19:04:36.154-05:002010-06-29T19:04:36.154-05:00re: I could end up with a low paying investment
t...re: I could end up with a low paying investment<br /><br />that's because you're buying bullion, or worse, paper. Everyone knows the money is in rare coins, collectibles with no capital gains, a truly supply and demand commodity.<br /><br />and secondly, gold is a long term hedge, the only thing that doesn't go down, long term. That's not sexy to you fast action guys, but then, gold has out-performed stocks long term.<br /><br />Today, a one ounce $20 coin will buy a nice suit, just like it did in 1908. You can't even buy alterations with a paper 20.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-10561430528443886752010-06-29T16:50:39.400-05:002010-06-29T16:50:39.400-05:00What happens to gold if a new war (Iran) is starte...What happens to gold if a new war (Iran) is started? Is there any datta on this in the past?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-26153534584728062202010-06-29T13:36:03.281-05:002010-06-29T13:36:03.281-05:00keep in mind stocks,etc. have comissions, taxes, e...keep in mind stocks,etc. have comissions, taxes, etc. too.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2643613788950912206.post-43852346095938373802010-06-29T08:58:06.080-05:002010-06-29T08:58:06.080-05:00There are those of whom say Gold will soon reach $...There are those of whom say Gold will soon reach $1300, and perhaps on its way to $1500. Gold is selling today at $1230 and if it goes to the above figures, what is the big deal? <br /> I buy an oz. of Gold at %1236 today and hope it will go to $1500 per oz by the end of the year. In 2011 I consider selling at the price of $1500 per oz. <br /> On paper I make 4264 profit on each oz. I hold. Now I start to figure how much I made in true profit on this one oz of gold. I subtract 28% capital gains tax, commissions, insurance, storage along with any other cost in owning and selling this one oz of Gold and I could end up with a low paying investment. <br /><br />The above figures must be substracted from the so called profit per oz in order to arrieve at a net profit. Taking the amount of todays purchasing price and subtract it from the $1500 selling price, I am left with a gain of $264 for each oz sold. from this I must subtrat capital gains of around 28% or $73, insurance and commissions to buy and sell this oz of Gold. By ubtracting tese costs, I could be left having made $180 net per oz.is less than 14% on investment.<br /><br />This is not a very goot return on a risky investment by any stretch of the word. I am a holder of Gold and believe it is the answer of surviving the comming crash, but only hold it as insurance of the comming events the world faces. Also should we haver high inflation in the US, Gold will be a break even investment.Anonymousnoreply@blogger.com