Recent content by ash

That's surprising. When you say he can't sell it, you mean they're offering too low of a price? Kitco is buying at $819 right now, which is within a few bucks of the spot price. When you say downtown, are you talking about Sac? Have you tried Marconi Coin in Carmichael, that's not too far from...

Well, how could you expect to sell gold in gold country!? You can't swing a dead cat there without hitting a fifty pound nugget of gold.

Oh, I see, I misunderstood. Okay, my thoughts: "illiquid, inconvenient" - While gold is highly liquid in one sense, true, you can't trade actual gold privately from your computer in your PJs. "limited to local market pricing" - Perhaps. But If you're reasonably close to a major metropolitan...

Whether one should invest in gold is another question, and a good one, about which you raise good points. I was only offering an opinion that if one is going to invest in gold, why not do so anonymously and privately.

Sorry if I've been confusing. I certainly don't want to advocate that anyone break the law, because there are consequences for doing so, especially for tax evasion. With that said, IF someone is going to invest in gold, why not purchase gold privately and anonymously, without any paper trail...

Actually, I did no such thing. I merely said that privacy offered the investor choices. For example. "What if" the government suddenly decided to confiscate gold again? Privacy gives you choices. "What if" the government decided to increase the capital gains rate to 90%? Privacy gives you...

Except isn't there a paper trail there? And possibly reporting to the IRS (I really don't know)? There are other benefits to privacy, besides income tax issues.

There are several reputable coin dealers where I live and none of them report anything below $10K annually in transactions. Margin from spot price from all of them has been excellent in my experience.

Taxes on gold appreciation!? :) One of the benefits of actually holding gold itself is the privacy if offers! One has the choice to pay taxes on it or not.

Apparently never ask from people as a reporter that which they are willing to discuss all day long for free otherwise.

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Thanks CCdaCE. It looks like there is some logic in this approach, although I fear it's overly complicated, and I'd be willing to bet that majority of people that take this approach end up further in debt ten years down the line, without their house paid off.

Okay, so what prinicple does it use to work? How do you save on interest by paying down 6% (30 year fixed) debt, with 8% (HELOC) debt? Is it a kiting program essentially? Is there some interest-free grace period with HELOCs?

The price is a huge red flag! Why pay $19.95 for a book when you can spend $1295.00 for a PDF download from a website! :)

Oh, by the way, let's not turn this into a should I pay off my loan early, or not pay off my loan early discussion, as that's a whole other matter entirely. Thanks.