Posted by goldielocks
@ 16:49 on September 19, 2024
- It’s going to be harder for people to buy phyzz for a hedge from here on in the face of inflation on top of phyzz premiums. If they live in California even worse because they want to tax it. When buying smaller amounts it’s about not worth it. I told everyone no more metals gift for grandkids your on your own now lol They also make it cost more to buy fraction gold 1/2 1/4 1/10. I have been giving it for gifts and Calif has our of state rules on Taxing now. Like if you go to Apmex and buy something now they announce a tax California made, shipping cost and if you use a card a 4 % charge and not counting premiums they attach. I found since I have Amazon prime I could buy some things that only come from legit business in downturns plus avoid the shipping and 4 % charges for small or small orders. Until they find away to mess that up too. One of my grandsons is learning through having grandson by checking prices. At first it bothered him to see the volatility and years ago when younger gave some eagles away to a cousin and I held back on the gold for that reason. He learned the price goes back up and will likely continue. Now he sees the swiss francs too young before when cheaper but starting go from 300 to 400 to 500. Now they’re starting to get serious and quiet and putting it away from prying hands. They don’t totally understand the disaster we’re headed but are learning through the increase of PM and now everything what’s happening to the value of their dollar. I don’t mention stocks to them. That is just gambling.
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