Speculation & Gold

[Keys]

Currently using www.nzmint.com

AH! I see I have noted them above.

[Bob Kane]

I was watching a tv advert in Aussie and the first prize in a competition was a $2.6m house in a location of your choice.
Or, you could choose $2.6m of gold.
I idly wondered, who would choose the gold over the house?
Then I remembered, this is aimed at Australians.

[Bluecoat]

Gold was flat from 1990 to 2006
https://goldprice.org/gold-price-chart.html

[Bob Kane]

Should gold be subject to CGT?

[JBM]

Should gold be subject to CGT?

Only if ART ,classic cars, watches etc are also liable of CGT ....unless you're a Gold Trader

[Perry]

How many times - truly - HOW MANY TIMES does it need to be said that the word "gains" in the expression Capital Gains Tax is a lie? A dishonest, deceptive, malfeasant, tax-grubbing and monstrous lie.

99.9% of the so-called 'gain' is nothing more than an inflationary change in numbers!! Look at the purchasing power of those inflated numbers if you don't believe me.

The scheming, conniving, lying scumbags are defining the debate by using the expression "capital gains." Resist their lies. Correct their deceptive speech. Do not let them define the debate for the woefully ignorant and terminally gullible masses.

Make it plain that a change in numbers is not a gain.

The other name for the change in numbers (gainless gain) is inflation.

[JBM]

How many times - truly - HOW MANY TIMES does it need to be said that the word "gains" in the expression Capital Gains Tax is a lie? A dishonest, deceptive, malfeasant, tax-grubbing and monstrous lie.

99.9% of the so-called 'gain' is nothing more than an inflationary change in numbers!! Look at the purchasing power of those inflated numbers if you don't believe me.

The scheming, conniving, lying scumbags are defining the debate by using the expression "capital gains." Resist their lies. Correct their deceptive speech. Do not let them define the debate for the woefully ignorant and terminally gullible masses.

Make it plain that a change in numbers is not a gain.

The other name for the change in numbers (gainless gain) is inflation.

I agree >> which pisses me off that the IRD state that those that hold Silver Gold Bullion etc must pay CGT if sold for more than paid even if years ago ...doesn't make sense unless you can also claim losses if you sell.. which they don't ....

[Perry]

The IRD is (at least) these things:

* The paymasters of the W'gton Woodenheads;

* The bank-rollers of the woodenheads pre- and post-election 'political promises' (aimed at re-election);

* The collectors of their own IRD departmental salaries;

* The ignorers of the tax liabilities of their pseudo-political paymasters.

E.g. Taxpayer subsidised air travel of MPs' spouses / mistresses / civil union whatevers which would be subject to FBT in the 'real' world. . .

. . . so are quite objective in all that the IRD does.

Uproarious laughter, stage-left, stage-front, stage-back and stage-right.

Anyone remember ye olde and totally-false-IRD slogan, "it's our job to be fair?"

Despite their rhinoceros-thick-hides, even the W'gton woodenheads baulked / were a tad embarrassed by that oxy-moron!

How strange.