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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Maurice Winn who wrote (27307)1/4/2008 12:58:37 PM
From: Snowshoe  Read Replies (1) | Respond to of 218093
 
>>In Hong Kong, one cannot buy land, a tractor, gun, fuel, etc ... so gold has more appeal.<<

And TJ in Hong Kong doesn't pay a tax on capital gains when he sells his gold.

But here in the USA there is a special high tax rate on capital gains from the sale of gold and certain other "collectibles" of around 35%, and it wouldn't surprise me if someday the authorities jack up this special rate to "soak the rich". OTOH, there is no tax on capital gains when you sell the average house in the USA so that helps fuel the obsession with residential real estate here.



To: Maurice Winn who wrote (27307)1/4/2008 11:20:07 PM
From: elmatador  Read Replies (1) | Respond to of 218093
 
When I tell Elroy we have this aplenty he calls me jingoist :-)Land, tractor, ammunition, rifles, fuel, food, seeds, water supply = much more traditional values than gold.


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