GOLDBUG: Waiting lists for coins and bars?

Gold buyers forced to go on waiting list
Gold buyers are having to wait up to six weeks for their bars and coins after a price dip led to increased interest.

By Rosie Murray-West3:55PM BST 30 Apr 201358

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Investment company Physical Gold said there were waiting lists of three weeks for some coins, and four to six weeks for gold bars. “Previously all would have been available within a few days,” the company said.
The company said that it had seen a 50pc increase in enquiries about purchasing gold and a 35pc increase in sales, with people buying tax-free gold coins. “We are now starting to experience physical gold shortages,” said Daniel Fisher, CEO of Physical Gold.

“In particular there are waiting times on some gold bars and a real difficulty in obtaining mixed year Sovereigns. “However, many clients are willing to ‘do a deal’ and wait for delivery as they want to secure the current price as they feel it will be higher in the near future.”

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Yeah, the price drops on “paper” gold, but premiums (seniorage) on “hard” gold goes up.

Now who doesn’t think the Sheeple and Clovers aren’t being manipulated?

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MONEY: Only spend 80% of what you make!

5 Things I Did In My 20′s That Made Me Rich In My 40′s
by Rob Berger
in Personal Finance

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My wife and I just sent our first child off to college, and we’ll send our second to college next year. Through all the things that go with this time of life, I’ve been very focused on teaching my children sound money management principles. And the process made me realize just how much the decisions my wife and I made in our 20′s affect our finances today in our 40′s.

Despite the headline of this article, we’re not quit-your-job rich. But we are comfortable. We have no debt other than our mortgage. We paid cash for our last car (a used Toyota Camry hybrid). We have money set aside for our children’s college education. And we are on track to retire.

So if you are in your 20′s or know somebody who is, here are five decisions that made all the difference.

Decision #1–Earned a VALUABLE degree

Decision #2–Avoided consumer debt

Decision #3–Began investing early:

Decision #4–Bought modest vehicles: 

Decision #5–Maintained good credit: 

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If you are in your 20′s, I hope you’ll give some thought to the above as you make decisions for you and your family. Trust me, you’ll thank me twenty years from now.

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Not sure if I agree with #3.

And, I’d say that “#0 — Only spend 80% of what you make!” Wish I’d known and done that. My wife taught me that one. She’s save all the bonus money, raises, windfalls, tax refunds, … and a portion of all “big” casino wins. 

(If you’re NOT lucky like me, don’t gamble.)

And, NEVER EVER play the state run lotto or numbers. It’s really a tax on stupidity.


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MONEY: French tax grab on holiday homes

Home»Finance»Personal Finance»Offshore Finance
Francois Hollande announces French tax grab on holiday homes
British owners of holiday homes in France are to be hit with punitive tax rises under plans announced by the new Socialist government.
By Henry Samuel, Paris
9:49PM BST 04 Jul 2012

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Approximately 200,000 Britons own second homes in areas such as the Dordogne and other parts of France, particularly those serviced by budget airlines.

Now, however, holiday home owners find themselves in the sights of President François Hollande as he seeks to tax the better-off to reduce France’s large budget deficit.

On Wednesday (July 4th), the French government announced it was to increase taxes on foreign-owned second homes. Tax on rental income would rise from 20 per cent to 35.5 per cent, and capital gains tax on property sales would rise from 19 per cent to 34.5 per cent. The extra in each case is being labelled a “social charge”.

A Treasury source said on Wednesday night: “We will need to study the details. But we will of course challenge any proposal which breaches European single market laws and anti-discrimination rules.”

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I can’t imagine a dumber attack on property rights.

Why should “We, The Sheeple” care?

Because one Gooferment’s bad idea quickly migrates around the world. Gooferment, like vampires for blood, have an insatiable desire for wealth to spend on this program or that. Without concern for morality, effectiveness, or efficiency. 

Every unit of wealth extracted from the serfs has a “broken glass” effect. It can’t be used by the serf how they’d like to use it. It can’t sate a personal need, saved, or invested. 

We, here in Pepuls Republik of Nu Jerzee, are a classic example of Gooferment creep. Property taxes drive old people from their homes. Income taxes were imposed to provide “property tax relief”. What joke! All the taxes are higher. 

No, the only answer is to resist any and all taxes. No matter how reasonable the excuse, the answer must always be the same: “No!”

And one should insert some salty language to assure that everyone understand just how serious you are.

Then, the follow up should be: “And, while we are on the subject, how can we lower all taxes 10%?” If they politicians and bureaucrats begin to sputter and turn red or blue, then raise the ante. “OK, if you can’t do 10, how bout 20%?” When they turn white, then you’ve got them. They’re dead!

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