Australian Money Forum

[wulfgar]

Since the NY FED ran out of the gold hoard it had been using to short the market for the previous decade in 2005. Gold has shown an over all return in AUD. Equivalent to 19% per compound interest.
Who in their right mind could take most monetary investments seriously. Gold simply pisses all over them.

Any interest you earn on accounts is taxed yearly. No tax applies on gold until you sell it. And then only at 50% capital gains.
Your gold is available to you at all times. Not locked away in a Term Deposit.
There is little doubt in a few years, that most bank accounts will be frozen. That's as long as the FI you've investment hasn't just plain crashed and burned instead. They can't freeze the gold in your hand. Gold does not default.

The general market and the scum that run it. Are only losing your purchase power. Destroying your wealth is their only talent.

Gold will continue to provide an average 20% annual return until 2013. Why bother with anything else?

Loser of the moment is property. You really want to burn your cash. Just buy property and you will guaranteed a 50% loss over the next 4 years.

So friends. Burn all your other investments. And simply buy gold.

September will be a good moment to buy.

[wulfgar]

It seems most "investment" these days is not really there to benefit the investor or provider of capital. It is really there to benefit the professional financial industry and the government. The "investors" are simply sheep to be shorn.
The idea of an investment that pays is one where you get more purchase power back than you first put in. But fiat money is used as a smokescreen to hide what is little or no game, or even a loss. Hence on average for the past 20 years the AUD has been devalued 5.5% per annum. If you've doubled your money after 13 years after costs and deductions, then you have only broken even.

[Peak Debt]

I agree wulfgar


Gold will hold its own when the collapse comes

[marrabel]

Thanks for the info and I share the mind that gold is the very profitable investment as it will always hold the price in spite of the crashes in the global economy.

[marrabel]

As gold is the rare metal, it has always the high price.