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Sask | The play is to hold and see if gold and silver are treated as money once again by governments instead of a commodity. Money should not be taxed when converting it into other goods or to currency (ie the gold standard). I read of a number of US states have already passed legislation on such things, if true (or how simply this can be done) then we are moving closer to a new reality vs just "conspiracy talk". But right now, for me up in Canada, if I sell my holdings I automatically book a loss of about 20% for the tax bill owing. And so I would rather not do that for something that should be actual money, and has been until 1971.
In Canada the government gives us a Tax Free Savings Account (TFSA) where we are allotted about $7000 per year that we can invest and cash out the profits without paying tax. This is about as close as I come to selling holdings on a rising price. So a good place for holding precious metal ETFs or miners.
It's a long shot - gold and silver as money again. Debt slavery is based on the fiat currency scam and government has no desire to relinquish its control, but some places are chipping away at the chains. | |
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Silver is a hot market
