BIG Property Crash Predicted.

[Tucker]

Maybe

http://nz.news.yahoo.com/080319/8/4j8s.html

[Gatekeeper]

You generally buy gold to retain purchasing power, not to make money.

[Commercial Dan]

Yup, but further bank turmoil is on the cards, price should still go up plenty more....

[HermanZ]

You generally buy gold to retain purchasing power, not to make money.

So if you buy low and sell high is the gain taxable?

HearmanZ

[k1w1]

yeah, I like to chip of a few flakes from the old bar to go and grab a bottle of milk and the newspaper.

[k1w1]

off, damn it.

[67910241]

About 10 years back over in the States

yeah, I like to chip of a few flakes from the old bar to go and grab a bottle of milk and the newspaper.

I borrowed money from the bank based on my shareholding at very reasonable rate (barely more than for House loans). As long as your gold bar is big and loan isn't big to match, I don't see why you wouldn't be able to pull it off.

Alternatively, you could invest in a dividend yielding gold mining business on ASX or similar. I'm looking into that right now.

[Gatekeeper]

So if you buy low and sell high is the gain taxable?

HearmanZ

As far as I can gather - No - But I've never sold, and have no plans to.

[exnzpat]

A little known fact.

If you heat Gold up before you weigh it -- it will actually weigh more.

But, you will need a really sensitive scale to measure it.