Record-Breaking Surge in Gold Prices: A Safe Haven for Investors

[clemens]

In an unprecedented climb, gold prices have soared to new heights, surpassing the 2,000 euro mark per ounce. This milestone not only sets a new record but also signifies a remarkable period of profitability for investors who placed their bets on gold just five years ago. Amidst the fluctuating realms of stocks and cryptocurrencies, gold has emerged as a beacon of stability and safety.

While it's widely acknowledged that the dynamic nature of stocks and cryptocurrencies can offer higher returns, gold's recent performance underscores its enduring appeal as a low-risk investment. The precious metal has witnessed an impressive value increase of over 70%, showcasing its potential for providing a stable and satisfactory return on investment.

This surge in gold prices reflects the growing investor interest in safer assets, especially in times of economic uncertainty. Gold's intrinsic value and historical status as a safe haven continue to attract investors looking for reliable investment avenues. As the financial landscape evolves, gold remains a steadfast option for those seeking to balance their portfolios with a mix of risk and security.

 

[Martin Everson]

This surge in gold prices reflects the growing investor interest in safer assets, especially in times of economic uncertainty.

Depends a lot on whether you buy physical or paper gold and where you hold it. Gold if held in the west can be seized in paper form or even in physical form (ask Venezuela) if you don't hold it yourself. EU and US laws can easily change making the asset difficult to transact with and heavily taxed. Hence huge emphasis needs to be put into where and how you hold your gold for it to operate as a safe haven asset long term.

 

[uranium]

Productive asset is going to kill non Productive asset overtime.

 

[JackAlabama]

Productive asset is going to kill non Productive asset overtime.

thats maybe the case in normal time but not in a time where bearer assets like gold and bitcoin are the way to go to hopefully bypass the communist grab.

 

[sebastian]

Depends a lot on whether you buy physical or paper gold and where you hold it. Gold if held in the west can be seized in paper form or even in physical form (ask Venezuela) if you don't hold it yourself. EU and US laws can easily change making the asset difficult to transact with and heavily taxed. Hence huge emphasis needs to be put into where and how you hold your gold for it to operate as a safe haven asset long term.

If you put them in an anonymous vault outside of your own country (I'm 100% sure they are anonymous there) how would they tax or confiscate them?

 

[Martin Everson]

If you put them in an anonymous vault outside of your own country (I'm 100% sure they are anonymous there) how would they tax or confiscate them?

Well that's gonna have to be outside the EU due to EU 5th Anti Money Laundering Directive.

This requires EU member states to set up a national register of beneficial ownership information on businesses, including trusts and holders of safe-deposit boxes, to share with other members. Records must include information on those with a 25 per cent stake or more in the company, in case an individual may be using a business they partly or wholly own for illegal activities. This information will also be available to the public.

Vault and safety deposit box assets do go missing. Fraud is prevalent and so is confiscation so good luck with an anonymous box in such a situation. Basically if you don't have eyes on your gold don't rely on it helping you or being accessible in some kind of serious global economic problem.

https://www.offshorecorptalk.com/th...ty-deposit-boxes-theft-millions-stolen.28977/
https://www.offshorecorptalk.com/threads/safety-deposit-boxes-may-not-be-safe.43490/#post-284372
https://www.offshorecorptalk.com/th...ver-not-in-vault-as-claimed.41772/post-264337

 

[alain]

I really love this forum to the tips of my fingers. Just when you think you've found a really good solution, there comes a flood of examples of how the authorities have ruined everything. Whether it's, as here, the authorities confiscating people's gold from storage boxes inside and outside the EU, or Crypto holdings in USDT, or cash that people have had sewn into their mattress.

The authorities confiscate as they please, and the picture seems like a huge party with only big, burly men exploiting sex workers in the most brutal way.

 

[clemens]

To update on my gold venture. I invested a few month ago 150,000 $ into PAXG which returned 3% so far, I feel it to be the most secure way to invest at the moment?

 

[void]

To update on my gold venture. I invested a few month ago 150,000 $ into PAXG which returned 3% so far, I feel it to be the most secure way to invest at the moment?

depends on what your definition of "secure" and time horizon... for me PERSONALLY it's a secure way how to lose money by not making the rational decision

 

[clemens]

for me PERSONALLY it's a secure way how to lose money by not making the rational decision

why, I took out the profit I made on it and let them sit there for another few months.