The difference between paper and money

derryb

Guess art investment is not what it's cracked up to be. Paper vs real money.

The Rich Can’t Sell Their Art, So They’re Borrowing Against It

DoubleEagle59

Ha!!

We can have our discussions (or arguments) over the pros and cons of owning Gold, but when you come right down to it, owning Gold is having 'wealth'.

Plain and simple wealth.

tincup

"Good as gold" !

DocBenjamin

All that glitter ain't Gauguin.

blitzdude

The Metal of Kings. THKS!

dcarr

Sometimes, rather than selling an asset that has appreciated a lot (such as art), the owner might borrow against the new higher value rather than sell at that value. In that manner, income taxes are avoided. But there interest expenses. So it is a trade off. If the difference between incurring the taxes versus interest expense is about equal, the owner might opt to borrow against the item rather then selling it so that they retain ownership of it.

cohodk

It's happened. I agree with dcarr.

jmski52

Sometimes, rather than selling an asset that has appreciated a lot (such as art), the owner might borrow against the new higher value rather than sell at that value. In that manner, income taxes are avoided. But there interest expenses. So it is a trade off. If the difference between incurring the taxes versus interest expense is about equal, the owner might opt to borrow against the item rather then selling it so that they retain ownership of it.

If they decide to tax unrealized capital gains, the asset becomes a liability and an accounting nightmare. The result will be a dramatic decline in the value of all capital assets and a major selloff. In addition, with a CBDC in place, the only option will be to leave or to become poor and controlled.

Tax political contributions instead.

cohodk

So another "if" with dire consequences.......meaning the "if" will not happen.

Can you think of any "ifs" that might result in positive outcomes and therefore more likely to occur?

jmski52

So another "if" with dire consequences.......meaning the "if" will not happen.

Just pointing out the idiocy of what might happen, because it wouldn't be the first time - we've seen things like this - over and over.

cohodk

@jmski52 said:
So another "if" with dire consequences.......meaning the "if" will not happen.

Just pointing out the idiocy of what might happen, because it wouldn't be the first time - we've seen things like this - over and over.

Yes...we hear these crazy "ideas" all the time. That's designed to make us afraid or willing and hence easily manipulated. These ideas never come to fruition, but "they" get what they want...your vote.

jmski52

This is an idea being pushed by a major party that I’m not likely to vote for. So tell me how I’m being manipulated.

cohodk

@jmski52 said:
This is an idea being pushed by a major party that I’m not likely to vote for. So tell me how I’m being manipulated.

Because you're afraid they will win and therefore vote for the other party.

blitzdude

I'm rolling with forward, fack backwards. RGDS! God Bless "Merica. SEMPER!!

P.S. Edit God bless the Metal of Kings! THKS!

jmski52

Because you're afraid they will win and therefore vote for the other party.

In other words, you:

a) are just fine with the other party and their proposed policies, or you

b) don't know the difference and believe everything you see on TV. Good luck with that.

In reality, experience has shown repeatedly that if voting mattered, they wouldn't let you vote.

cohodk

Both parties are exactly the same. They make promises they can't or don't intend to keep and spend.money like drunken sailors.

If you can't see they are the same then good luck to you.

derryb

@cohodk said:
Both parties are exactly the same. They make promises they can't or don't intend to keep and spend.money like drunken sailors.

It's their priorities that set them apart.

UpGrayedd

@derryb said:

@cohodk said:
Both parties are exactly the same. They make promises they can't or don't intend to keep and spend.money like drunken sailors.

It's their priorities that set them apart.

Their priorities are power and keeping it. Anyone that believes either party cares about you or me is naive, at best.

cohodk

@derryb said:

@cohodk said:
Both parties are exactly the same. They make promises they can't or don't intend to keep and spend.money like drunken sailors.

It's their priorities that set them apart.

Their priorities are also the same....all encompassing power for themselves. And they are both getting more and more hungry. We are but pawns and we are weak.

jmski52

The Fed owns both parties. End the Fed.

Goldminers

@jmski52 said:
The Fed owns both parties. End the Fed.

bidask

One is easier to carry in your wallet

derryb

@jmski52 said:
The Fed owns both parties. End the Fed.

Both parties own the FED. End the parties