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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Ahda who wrote (16567)8/25/1998 4:10:00 PM
From: long-gone  Read Replies (1) | Respond to of 116762
 
Taxation rate,
Well, here once you add up Federal,State(most cases) & (in some cases) local income taxes, property taxes, sales taxes, estate taxes,Federal Excise taxes,capital gains taxes, gasoline, and all the Federal, state, County, City, School District, special fire district, SEC, interstate telephone{....}fees(taxes is a poor disguise)are we far behind?
rh



To: Ahda who wrote (16567)8/26/1998 11:35:00 AM
From: long-gone  Read Replies (1) | Respond to of 116762
 
Darleen,
Can you help me out here, I'm trying very hard to understand something?
OK, We are told by every market expert that the market is ALWAYS a better investment than buying and holding the metal - Right?
Well, Last year, I caught a coin shop going out of business. I bought a big bunch of Silver Eagles & Maple Leaves. Paid $.45 above spot(because I had cash). Now, those coins are up better than 12.9%.(+ now worth a greater premium over spot because they are Eagles and maple leaves)
Now, if I had bought the Vanguard Fund that covers the Russell 2000, I would have lost 11.4%.
How is losing money better than making it?
rh
ps
Next couple of days, i may get better off on gold.
rh



To: Ahda who wrote (16567)8/26/1998 12:21:00 PM
From: Roderick Francey  Read Replies (1) | Respond to of 116762
 
Incentive with 54 % tax rate?

Heh, just check out our underground economy. You'd be amazed as to how many people deal in barter and cash -- both of which are untraceable (Revenue Canada are you reading? :)).

And maybe this is a sign of the times in Canada, but companies from the states are raking up any leaves (hi-tech personnel) they can find in the great white north. And I must say that in my dept., (including myself) people are seriously taking a look down south. Think about it. Work 10 years in the U.S. and retire back in Canada. Salary competitive wise -- it is getting bad here for a lot of Hi tech companies. Brain drain here I come ...