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overtheedge
Member since May 2012
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Fed Stress Tests “Rattle Banks Around The World” - Mark O'Byrne - gold.ie

"A man who has been a trader for 33 years and works at a foreign-owned brokerage told the Financial Times that the tax increase represented a “good opportunity” to buy more gold as he was worried about holding too many yen-denominated assets."

“I plan to hold it for a long time until there is a good time to sell, when the yen collapses or something,” he said."

Yah, that sounds like a plan. Wait until the value of the yen collapses and then sell your gold to buy lots and lots of yen or some other worthless currency.
This poor dude hasn't a clue. Think about the tax liability is your currency drops by just 90% and then you sell your gold (or silver).
The light is NOT on and the attic in his brain housing group is empty.

Commented 3680 days ago

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Beginning of the headline :Today’s AM fix was USD 1,295.75, EUR 944.15 and GBP 779.68 per ounce. Yesterday’s AM fix was USD 1,295.00, EUR 942.09 and GBP 779.14 per ounce. Gold fell $8.50 or 0.65% yesterday to $1,292.50/oz. Silver remained unchanged at $19.75/oz. Gold in U.S. Dollars, 1 Month - (Thomson Reuters) Snapping its four-day losing streak, gold prices recovered very marginally today. Traders said there was a revival of buying by retailers at these lower levels and this contributed to a marginal recovery in gol... Read More

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