Ron Paul, "Gold is the ultimate money," Fox Business, 3/20/13

mrearlygold

Who ya gonna call.....Dr Paul!

Ron Paul, "Gold is the ultimate money," Fox Business, 3/20/13

Darwin

It is indeed a store of value, but now isn't the time to stock up on it. If you got in on it early, then you did great. But, like all assets/exchanges, its value can go down-as we are seeing now.

derryb

When viewing PMs as a store of value one must not forget the minimum 28% tax on profit when one converts the PMs back into a spendable currency. This small detail has a great affect on the short term PM holder who in fact may suffer a real net loss if inflation or dollar devaluation did not reduce the value of what he purchased with. Always consider the tax reduction from the sale of your PMs when looking at actual gain and compare what happened to the dollar during the PM holding period to understand if there was actually a real gain (or store of value) by having bought and sold the PMs.

Baley

Most people think Ron Paul is more rational than the average

ricko

I strongly doubt if we (in our lifetimes) will ever see a medium of exchange that negates gold. Gold will be the true 'money' which can be used as currency or to obtain currency. Cheers, RickO

Darwin

<< <i>Most people think Ron Paul is more rational than the average >>



I don't think that's true. Lots of people regard him as a kook.

Pokermandude

He is definitely more rational and straightforward than most politicians. But he does come off as a bit of a kook.

Baley

<< <i><< Most people think Ron Paul is more rational than the average >>

I don't think that's true. Lots of people regard him as a kook.

He is definitely more rational and straightforward than most politicians. But he does come off as a bit of a kook. >>



Ah, I see what happened, that post posted before I finished my sentence, which was meant to read, "Most people think Ron Paul is more rational than the average kook."

roadrunner

True money must also be an extinguisher of debt. That hasn't been the case with our FRN's for many decades. FRN's are just another form of debt.

derryb

A true patriot for liberty out of place in today's enviornment. Looks like his son is starting to fill his shoes.

Baley

It's difficult to take Rand seriously about much, if he thinks that "hair" is fooling anybody

OperationButter

<< <i>When viewing PMs as a store of value one must not forget the minimum 28% tax on profit when one converts the PMs back into a spendable currency. >>



Why sell?

Baley

<< <i>

<< <i>When viewing PMs as a store of value one must not forget the minimum 28% tax on profit when one converts the PMs back into a spendable currency. >>



Why sell? >>



that's the "spendable" part. One sells to spend the money on the infinity of things one can buy with cash money (almost no one takes "gold" for dinner, drinks, or show tickets)

the tax is on the PROFIT, if there is any, over the purchase price. Similarly, if sold at a LOSS, the difference in the sell and purchase prices can offset profits realized on non-gold investments, while the gold declined in value.

derryb

Taxes on metal gains must be taken into consideration to get a true picture of net gain and when comparing how one did holding metal vs. holding dollars.

cohodk

<< <i>Taxes on metal gains must be taken into consideration to get a true picture of net gain and when comparing how one did holding metal vs. holding dollars. >>



Indeed. At least you can write off losses on PM holdings.