Jump to content
Sign in to follow this  
Steve Herschbach

Gold Hits Six-Week High

Recommended Posts

SINGAPORE (Reuters) - Gold climbed to its highest in nearly six weeks on Monday as a dip in equities lifted bullion's safe-haven appeal and improved investor confidence in the metal.

http://economictimes.indiatimes.com/markets/commodities/gold-hits-six-week-high-platinum-up-on-south-africa-strikes/articleshow/29104631.cms

Share this post


Link to post
Share on other sites

 Lots of intrigue in the gold market these days. I just sold a good handful so the price should go up considerably.

Share this post


Link to post
Share on other sites

If a refiner would take just $1000.00 at atime, we would not need to pay tax on it. I wounder if they keep a running total for the year? That is what can get you. I have a oz. of about 22k, and one of 14k, and one mixed of 10,14,and 18k. I think i will just keep it till gold gose to $3000.00 an oz. 

Share this post


Link to post
Share on other sites

 The last thing a refiner wants to do is be at odds with the IRS. The only time you are not subject to taxes is when you exchange for like product.

Avoiding taxes is smart. Evading taxes is illegal. Please be careful and wise.

 If gold goes to 3k other commodities will likely rise also so the relative value won"t change much. With the exception of a few short term price spikes it has  been that way all through history.

   DISCLAIMER: I aint to smart and I'm a wee bit "touched".

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Similar Content

    • By Shasta gold hunter
      Sorry Steve, if this is the wrong place for this please move it accordingly.  I wonder what others opinions are regarding crypto and block chain...will it bring more truth and freedom or trap us?  
    • By Reno Chris
      I was at the GPAA gold show in southern California (Pomona) recently and had the pleasure of having Jim Straight sit in with me in the ICMJ booth for some hours on both days. It was fun, though at 88 Jim is slowing down just a little. Otherwise, he is doing fine. Jim was not the oldest prospector at the show, Pete Pederson was there and he is 90. I hope I can hang in that long! For those who dont know, Jim is one of the early day metal detecting prospectors, I think he got involved in the 1970s or something like that. He is well known for the books on prospecting that he has written.  Some of the members of the forum might like to know that he is still up and at it.

    • By mn90403
      Here are some stories about The Welcome Stranger Nugget
      https://collections.museumvictoria.com.au/articles/3019
      http://www.nationalgeographic.com.au/history/australia-home-to-the-worlds-largest-gold-nugget.aspx
      https://en.wikisource.org/wiki/Finding_the_Welcome_Stranger_nugget
    • By Chrisco
      Interesting 
      http://mobile.abc.net.au/news/2018-01-24/cryptocurrency-backed-by-gold-being-developed-perth-mint/9352036
    • By Steve Herschbach
      Gold has been pretty steady in the $1200 - $1300 range for around three years now. It seems to have set a strong floor in that range. Now Citigroup is calling for gradually rising average prices going forward. http://blogs.barrons.com/stockstowatchtoday/2015/02/09/gold-miners-cheap-oil-strong-dollar-boon-for-newmont-mining-barrick-gold/?mod=yahoobarrons&ru=yahoo
      "We remain positive on our gold coverage with Citi’s Commodity team expecting gold to average $1239/oz in 2015, $1260 in 2016 and $1340 in 2017."
      Actually looks like a reasonable and sensible forecast for once instead of all the hype about $3000 gold or $500 gold.
    • By mlgdave
      Hi all, some of you have known me for many years as Mlgdave, owner of Goldbay.com and now I also own The Colorado Quartz Gold mine in California and ramping back up to run and mine 140 and 180 feet underground. This week me and my partner worked an old stope and found and extracted a killer piece! (more to come) 
      I am living at the mine full time and should have some good stories and finds for you guys over the next few months/years
      Mlgdave
       


×