Financial Samurai - Forums

General Investing => Stocks And Index Funds => Topic started by: PandaAtlanta on November 19, 2018, 11:08:40 AM

Title: Gold and the US Dollar
Post by: PandaAtlanta on November 19, 2018, 11:08:40 AM
This thread discusses topics in Gold and the U.S. Dollar. Currently Gold is priced at $1223 per ounce and the US Dollar index sits at 96.18. The commodities cycle peaks roughly every 30 years. It peaked in 1920, 1950, 1980, and 2008 - 2011 with gold and silver peaking last vs other commodities like agriculture and oil. This means the next commodities bull market will peak somewhere between 2037 - 2040 and I am estimating a 4X from current prices. Short-term Deflation will futher bring down commodity prices including gold and silver. Generally speaking Gold is an inflation hedge whereas the US Dollar is a deflation hedge.


Title: Re: Gold and the US Dollar
Post by: Orphan on November 23, 2018, 07:46:00 AM
Here is a new twist on the purchase of precious metals. Depending on your state as of October 1st your purchase is now subjec to state sales tax. This adds a significant percentage rate on your purchase depending on your state. Could be as high as a 10 to 15 % increase which is horrible..
Title: Re: Gold and the US Dollar
Post by: ManInAVan on November 24, 2018, 09:59:56 PM
QuoteHere is a new twist on the purchase of precious metals. Depending on your state as of October 1st your purchase is now subjec to state sales tax. This adds a significant percentage rate on your purchase depending on your state. Could be as high as a 10 to 15 % increase which is horrible..

Wow that would make a huge difference.  I tried looking this up briefly, but everything I found seemed dated.  Do you know where the details by state can be found?
Title: Re: Gold and the US Dollar
Post by: TravelGirl on November 25, 2018, 05:06:29 AM
https://www.jmbullion.com/tax/

At the bottom it specifically lists all the states taxed so you don't have to click on the map.
Title: Re: Gold and the US Dollar
Post by: ManInAVan on November 25, 2018, 06:33:46 PM
Quotehttps://www.jmbullion.com/tax/

At the bottom it specifically lists all the states taxed so you don't have to click on the map.

This is extremely helpful thank you!