Paper Money is Heavier than Gold!
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Do you have to pay capital gains tax, 28% on the American Gold Eagle or other foreign gold legal tender.
I can't find an answer, thought maybe you would, pastor.
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@mrgimp420 Yes Yes Yes please do, I want to mug people for real money!!! lol
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Should I still purchase silver right now? I am from Canada if it makes any difference so I use Canadian currency... Im not exactly sure if that matters or not
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@dlmaniac Yes, and I always found that strange, since you can't eat paper money either. In fact, anything that *is* edible is unlikely to be useful as money, since it is too easily biodegradable. That's why people historically favored gold over wheat as money. More durable.
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@0muffins0 :) Yes, very scratchy toilet paper. It can also be burned for heat, as the Germans did in 1923. So yes, denim-based rag paper has some physical applications. It just doesn't hold its real purchasing power very well.
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@aristochat3 Did you not see the spread mentioned in the video?
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But you can't eat gold! ... and ... and ... fiat money can be used as toilet paper!
lol
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Started buying silver in 2000, just as a hobby. Bought a whole bunch when it went for $9.00 - $ 13.00. I WILL retire on my silver!! Read the silver stock report.
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Jason, I'm worried about you... you have a few spare minutes and you're weighing paper money?? It is very a telling statistic!!!
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Try it again with hundred dollar bills for gold and twenties for silver. :)
MyNameIsChrisR 1 year ago
@MyNameIsChrisR,
Even 50 dollar bills would be more heavy than gold. But 100's not yet. But the 100's are more bulky than gold!!!
bibleprophesy 1 year ago
nice perspective, but if gold is so valuable why would a gold shop exchange their gold for worthless paper?
aristochat3 1 year ago
@aristochat3, we don't keep the paper money, we buy more gold, or more silver, either from the public same day, and if not, then we "cover" and buy more of the most popular forms of gold and silver from wholesale suppliers.
bibleprophesy 1 year ago