Cyclone Posted March 1, 2014 Share Posted March 1, 2014 The value of gold is still largely determined by the big players in the market though, and to some extent by industrial use and the quantity being mined. Link to comment Share on other sites More sharing options...
Annie Bynnol Posted March 1, 2014 Share Posted March 1, 2014 Gold and silver prices are at the same level as 2010 but with the current situation in Ukraine the might rise considerably as Russia cuts our gas. Then they might not and the price will continue to drop as more counties come out of recession. To protect your wealth and spread the risk invest in a range of products and risks. Bitcoins etc are at the very high risk end together with betting. If you enjoy betting and can afford it fine. There are a number of countries in history who have closed their banks and made the possession of gold bullion by individuals illegal or difficult eg USA 1933-1974 and forced to sell to the federal bank UK 1966 to 1971, 1973 to present threatened and have carried out adding VAT at ?% to transactions. Link to comment Share on other sites More sharing options...
Anna B Posted March 1, 2014 Author Share Posted March 1, 2014 Gold and silver prices are at the same level as 2010 but with the current situation in Ukraine the might rise considerably as Russia cuts our gas. Then they might not and the price will continue to drop as more counties come out of recession. To protect your wealth and spread the risk invest in a range of products and risks. Bitcoins etc are at the very high risk end together with betting. If you enjoy betting and can afford it fine. There are a number of countries in history who have closed their banks and made the possession of gold bullion by individuals illegal or difficult eg USA 1933-1974 and forced to sell to the federal bank UK 1966 to 1971, 1973 to present threatened and have carried out adding VAT at ?% to transactions. Yes indeed, which rather adds weight to Waldo's point in his previous post. We are just stooges to be manipulated, our only use is to pay ever increasing taxes. If anybody tries to play them at their own game or get round the obstacles they put in the way, they just change the rules to protect their monopoly on their fiscal empire. So the rich make sure they get ever richer by fair means or foul. We haven't a chance Link to comment Share on other sites More sharing options...
Waldo Posted March 2, 2014 Share Posted March 2, 2014 Yep, governments generally want to know everything about your financial life; so they can measure your wealth and tax (steal) a portion of your transactions etc. I am sure there are many ways in which individuals can obfuscate their financial activity though, even while still playing by the 'rules'. Link to comment Share on other sites More sharing options...
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