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.
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..
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?
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.
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!