Originally Posted by MandoMan (Post 2438437)

What’s good for the country is those who have a lot paying more taxes and lowering the deficit and the national debt.

Originally Posted by RoboVil (Post 2438446)

tech stocks in general, with a focus on AI stocks (NVDA, DELL, SMCI) and an eye on quantum computing stocks (waiting for a big pullback after the hype fades). Tech is the future (Always).

Originally Posted by RoboVil (Post 2438448)

I have had some pretty nasty tax surprises with mutual funds. You don't get tax surprises with ETFs

Originally Posted by oneclickplus (Post 2438459)

Ummm, according to the US constitution, gold and silver are the ONLY legal money. Money itself can not be subject to a capital gain. There is no capital gain when spending that gold for anything including fiat paper currency. Valuing gold in fiat currency or land or food or goats does not constitute any gain. It is fraudulent for the USG to value everything in fiat dollars in order to confiscate / tax any perceived gain. Gold and silver (constitutionally) are not subject to any capital gains.

Try reversing your thinking. Gold is not $3300 / ounce. Rather:
a fiat dollar is worth 1/3300 of an ounce of gold (today)
a loaf of bread is 1/660 of an ounce of gold
a new car is worth 10 ounces of gold

Eventually, a fiat dollar will be worth nothing but a loaf of bread will still be 1/660 of an ounce of gold or other adjusted value (supply / demand). Same with cars, furniture, ovens, cattle, etc.

Originally Posted by opinionist (Post 2438476)

Physical gold/silver has no counterparty risk, unlike every other asset.

Originally Posted by Peachbelle (Post 2438515)

My problem with buying gold is you buy it at "spot" prices plus fees but when you sell it it is only bought at "scrap" prices plus fees. There's about a 25% difference between spot and scrap prices. So unless you can buy at "scrap" prices you are not getting a good deal. If anyone knows a way to buy at "scrap" let me know.

Originally Posted by kingofbeer (Post 2438552)

Agreed. Mutual funds in taxable accounts will create taxable events. In some cases, the funds have lost you money, but do report capital gains and distributions which will create taxable event.

Originally Posted by dewilson58 (Post 2438579)

Gold is only as good as people continuing to believe gold is safe.

Sounds like Bitcoin.

Originally Posted by retiredguy123 (Post 2438556)

I may not have been clear. What I said was that income that is "removed" from an IRA is taxed. If you have money in an IRA that was funded with after-tax money, it is not taxed when you remove it. You do not pay tax on IRA income until you remove it from the IRA.

Originally Posted by dewilson58 (Post 2438579)

Gold is only as good as people continuing to believe gold is safe.

Sounds like Bitcoin.

Originally Posted by kingofbeer (Post 2438603)

The term used is withdrawn

Originally Posted by Aces4 (Post 2438624)

Just like everything else purported to be "valuable".. stocks, cash, diamonds and so on. They're only worth what one believes they are worth.

Another viewpoint to share.. if the world financial system collapses as espoused earlier in this thread this won't be like the Great Depression. That world of people with character, integrity, class and dignity is long gone and probably the only winners will be the people who are armed.

Originally Posted by dewilson58 (Post 2438579)

Gold is only as good as people continuing to believe gold is safe.

Sounds like Bitcoin.

Originally Posted by Normal (Post 2438326)

Amen… 1970 is long gone. Gold hasn’t nearly improved as well as stocks. We have about 20 % in cash and CDs of various banks. The stocks keep rolling it in.

Now we have a trade deal with China brilliantly crafted to our advantage. I say steady as she goes and enjoy your life.