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Is APF a bear forum or a bull forum? Which team is winning?
Topic Started: 14 Apr 2012, 05:48 PM (9,478 Views)
Pig Iron
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Bogan scum

NotFooled
15 Dec 2012, 12:39 PM
Some very good points there. My concern is that if there is any serious problem with the currency then the government will outlaw personal gold ownership for the masses. There's nothing governments and those who pull their strings hate more than a free and empowered citizenry.
nope, but they will certainly invent a tax for it.
I am the love child of Tony Abbott and Pauline Hanson
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Strindberg
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frankrider
15 Dec 2012, 12:27 PM
I bought my home when it was a fifth its current price and my gold when it was $450 up to $1100.
Thanks for the anecdote.

So,

- your house has risen in value by 400% whilst providing accommodation for you and your family

- your gold has risen in value between 50% and 250% whilst providing nothing.
Housing costs to Income broadly unchanged since 1994 - re-ratified here
The People of Australia have the highest median wealth in the World
2002-2012 10 year house price growth the SLOWEST since 1952-1962
"There are two kinds of people in this world: ones that fiddle around wondering whether a thing's right or wrong and guys like us." (Hugo to Gagin in Ride the Pink Horse)
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NotFooled
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The Bear Whisperer

timmy
15 Dec 2012, 12:42 PM
nope, but they will certainly invent a tax for it.
haha, that's true :(
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Catweasel
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Thread the good insight into mouse.

-- need to attach itself to animal group is very important for mouse socialization

-- once it attach itself to group, it need to project its belief on what it consider "other"

-- self worth highly associate with mouse house which have its obvious roots in a socialization

-- sports have high importance in a Australia

-- conformity the highly idealized attribute
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mel
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timmy
15 Dec 2012, 12:42 PM
nope, but they will certainly invent a tax for it.
any gain on gold is already taxed whereas property CGT has all kinds of exemptions.. the more i think of it the more i wish i put a deposit on property with the pm's
Catweasel
15 Dec 2012, 01:00 PM
Thread the good insight into mouse.

-- need to attach itself to animal group is very important for mouse socialization

-- once it attach itself to group, it need to project its belief on what it consider "other"

-- self worth highly associate with mouse house which have its obvious roots in a socialization

-- sports have high importance in a Australia

-- conformity the highly idealized attribute
i think you're right Cat
Edited by mel, 15 Dec 2012, 02:37 PM.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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Pig Iron
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Bogan scum

mel
15 Dec 2012, 01:02 PM
any gain on gold is already taxed
so? we are all taxed multiple times.

enter the frigging carbon tax as a perfect example.
I am the love child of Tony Abbott and Pauline Hanson
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skamy
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Catweasel
15 Dec 2012, 01:00 PM
Thread the good insight into mouse.

-- need to attach itself to animal group is very important for mouse socialization

-- once it attach itself to group, it need to project its belief on what it consider "other"

-- self worth highly associate with mouse house which have its obvious roots in a socialization

-- sports have high importance in a Australia

-- conformity the highly idealized attribute
Human and mouse instinct for social acceptance is very important for mental and physical well being. It is a basic ingrained survival instinct and has played a major role in our success as a species. Male of the cat species is a different story eh???? But this Cat hangs his hat with the bears maybe even to denial of obvious evidential truth, maybe maybe , but this mouse will wait and see.
timmy
15 Dec 2012, 02:23 PM
so? we are all taxed multiple times.

enter the frigging carbon tax as a perfect example.
AND we are heading for higher GST.

Edited by skamy, 15 Dec 2012, 02:51 PM.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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zaph
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mel
15 Dec 2012, 01:02 PM
any gain on gold is already taxed whereas property CGT has all kinds of exemptions.. the more i think of it the more i wish i put a deposit on property with the pm's

i think you're right Cat
CGT treatment of gold, property (other than PPOR) or marbles is all the same. Were you implying otherwise?
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frankrider
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NotFooled
15 Dec 2012, 12:39 PM
Some very good points there. My concern is that if there is any serious problem with the currency then the government will outlaw personal gold ownership for the masses. There's nothing governments and those who pull their strings hate more than a free and empowered citizenry.
Yes they well might, just like in the depression. But that didn't stop free thinking men and women ignoring the laws and keeping their gold. There was a loophole, always is, and you were allowed to keep a few coins (and exchange them later) for whatever you liked, after they appreciated in value 50%

Negative gearing is a form of leveraged speculation in which a speculator borrows money to buy an asset, but the income generated by that asset does not cover the interest on the loan

A negative gearing strategy can only make a profit if the asset rises so much in price that the capital gain is more than the sum of the ongoing losses over the life of the speculation. http://en.wikipedia.org/wiki/Negative_gearing
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mel
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zaph
15 Dec 2012, 02:56 PM
CGT treatment of gold, property (other than PPOR) or marbles is all the same. Were you implying otherwise?
my bad - i wasn't aware the 50% discount applied to gold..
frankrider
15 Dec 2012, 03:24 PM
There was a loophole, always is, and you were allowed to keep a few coins (and exchange them later) for whatever you liked, after they appreciated in value 50%
It's been suggested certain coin types would be exempt from confiscation if they reinstated the law again..
Edited by mel, 15 Dec 2012, 03:35 PM.
APF - a place where serious people don't take themselves too seriously. There's nothing else like it.
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