Now we're getting somewhere. I believe the global economy is in a tail spin. The price of fuel is on a steady upward trend. Partly because of investment speculation, but to a much greater degree because oil is traded in dollars. Value of the dollar falls, oil goes up...along with everything else. History shows the price of gold typically shows the reverse of the dollar.
With that being the case, our dollar bubble likely to pop later this year, gold should make a substantial rise. There is some theory that when the money bubble breaks, the gold currently being held by countries that have been purchasing bullion by the ton will liquidate alot and may cause a temporary fall in price, ( I dont think that will be noteworthy),but the general trend is up.
Not that I want to 'go to Vegas' with my savings, but Id hate to be sitting on valueless paper when I could have bought gold and at least have something of value. Granted...if our global financial system goes belly up, we've got chaos...but, we'll recover.
DentureDude...Is there a limit to how much you could buy and write off? It would be limited by your profit, for one. Im not suggesting you get a loan to make a purchase. But if you buy a good chunk, cant you liquidate it tax free? Does anyone report your check from refining scrap? If you purchase alloy, grind it, send in the dust...youre getting your money back, minus refining fees. That doesnt seem like a taxable event to me. So...dont grind it. Make a buy and sell it to a refiner. Isnt that tax free money? I dont want to red-flag myself for an audit or cheat our Government out of their due, but bits a dog eat dog world and Im just thinking. Right, wrong?