The best protection against inflation: (hint -- it's not gold)
SOURCE:
https://posts.voronoiapp.com/Markets/The-Growth-of-$100-by-Asset-Class-(1970-2023)-936
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"A politician will do almost anything to keep their job, even become a patriot" - Hearst
The Bastiat Collection · FREE PDF · FREE EPUB · PAPER Frédéric Bastiat (1801-1850)
- "When law and morality are in contradiction to each other, the citizen finds himself in the cruel alternative of either losing his moral sense, or of losing his respect for the law."
-- The Law (p. 54)- "Government is that great fiction, through which everybody endeavors to live at the expense of everybody else."
-- Government (p. 99)- "[W]ar is always begun in the interest of the few, and at the expense of the many."
-- Economic Sophisms - Second Series (p. 312)- "There are two principles that can never be reconciled - Liberty and Constraint."
-- Harmonies of Political Economy - Book One (p. 447)· tu ne cede malis sed contra audentior ito ·
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"A politician will do almost anything to keep their job, even become a patriot" - Hearst
Gold was never intended to be an investment though, Matt. But, a place to keep some of your money that likely won’t vaporize when the stock market crashes and/or our currency collapses.
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Open Borders: A Libertarian Reappraisal or why only dumbasses and cultural marxists are for it.
Cultural Marxism: The Corruption of America
The Property Basis of Rights
After the 2008 collapse, the market went ballistic.
Endless money printing and artificially low interest rates will do it.
Gold is better than S & P.
Do something Danke
Only when the corrections come. The corrections are Standard equipment, and they're how Wall St. makes you Poor.Originally Posted by oyarde
And I smell one coming.
Ok lets pretend by end of yr S& P was equal to physical gold coin ( It wont be but that is another matter). In past five years gold up 89 percent , S & P up 85 percent , US aggregate bond index up .7 percent. Now when you sell yer s&p would you like to guess your percentage of tax? s & p has averaged about ten percent since inception. From 2000 to 2023 avg new home price increase avg roughly 7 percent per yr then yer other inflation .So your ten percent ( before 40 percent capital gains taxes) is essentially 0 and then negative once taxes are figured. So nothing gained for risk. Now let us say Danke goes to the coin shop in St Paul this morning and sells a one ounce gold eagle for 2465 , puts it in his pocket and goes back to the hangar to eat donuts and see if I've brought his boat back. How much tax will he pay ?
Last edited by oyarde; 08-13-2024 at 11:56 AM.
Do something Danke
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