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Gold and the US Dollar

Started by PandaAtlanta, November 19, 2018, 11:08:40 AM

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PandaAtlanta

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.



Orphan

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..

ManInAVan

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?

TravelGirl

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.

ManInAVan

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!