Alabama Abolishes Capital Gain Tax on Gold and Silver - Real Money Returns to the U.S. Economy!
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- Опубліковано 20 тра 2024
- Alabama's Governor recently signed a bill making the sale of gold and silver FREE from income taxes from capital gains! Alabama makes the 13th state to pass similar legislation.
#alabamagoldandsilver #commercialrealestatenews #housingmarketforecast
Shad Marquitz is co-manager of the KE Report, which focuses on resource companies and industries. He's an expert on gold and silver miners, especially the little ones.
www.kereport.com/
excelsiorprosperity.substack....
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I love listening to Sachs realty.. ..so real and informative!
There was never a reason for capital gains tax on metals because most the "appreciation" is simply a devaluation in fiat currency terms. You don't make "money" on gold, you preserve purchasing power. Also, the IRS still has the dominant position, so nothing has really changed.
The same applies to CGT on every asset.
in Santa Cruz. same. So Many homeless and they move them every few months it seems. trash left behind. but then the next encampment is even larger with more population. we have some wide streets. why not let those living in RV's register with the city or county and allow then to keep their rv parked there as long as they follow rules; about no sound disturbances, no trash, no drugs etc. They could register for 60 days at a time. And we have a lot of trash on streets. they could b required to do 2 hrs of trash pick up each week. or planting trees
I live in my truck. Lots of us are good people. Smart enough to realize that there is no need for a house if you are single.
The people of Santa Cruz trashed me so I left them, to their selves
Enjoyed today's guest. Todd was unusually morose. Living in a blue state must be a downer.
The Fed caused the 1929 depression, and they will cause the 2024 imminent depression.
Love my sweet home Alabama!
Great move for our State!
Shad’s as balanced, forthright and truthful and well read, insightful, hardest working colleague in the precious metals/commodities business.
I currently own 25k shares of Newmont Gold and 200k shares of Americas Gold and silver. I purchased Americas Gold at .24 Cents a share. Miners are a steal. Gold is going higher. Very bullish on Gold.
Gold talk finally starts 59 minutes in
Want to know the #1 reason a homeowner defaults on a mortgage? Is it the loss of a job like most of us would assume? Lack of affordability? Nope. The number one cause for a homeowner to default on a mortgage is NEGATIVE EQUITY. That’s right folks. The number one reason people stop paying their mortgage and walk away from a house is not their inability to pay the mortgage. It’s the fact that they are upside down on their home and they are watching people down the street purchase a home just like theirs for 20% less than they did so they walk away and never look back. That is one similarity between the housing market crash during the GFC and now. People have not changed. The psychology of people has not changed. You put people in that exact same situation and they will do the same damn thing all over again. Get your popcorn folks. It’s about to get wild.
When a government official willfully ignores a law, their surity bond is in jeopardy....
Yeah, we waste A LOT of time. You can always learn more. These days, you really have to be willing to change gears. There are certainly a lot of small landlords who are having this realization right about now. I just don’t see where the money is in being a landlord right now. And I know there are places all over the US where the laws are not so favorable to tenants. But one bad tenant can really cost you. If you don’t own a whole bunch of properties, it’s hard to take that hit. I was a landlord for years and I do not recommend, but especially in this terrible new world where the government can apparently say they don’t have to pay you.
Dave Mr "Buy Real Estate" Ramsey selling his house is a huge signal. Why is he soooo against buying ANY gold?
Todd you need a vacation. Also call Shad and apologize for treating him like a therapist 😂
Missouri has failed two years in a row to pass this legislation. Last week was the last week of this year's legislative session, and the Missouri House let it die again. Good-bye Missouri.
Tents were very popular in the depression, and a good idea would be to invest in tent making companies.
Go to Oregon. We have lots of tent cities
Already seeing distressed sellers in my market. Talk to any loan officer or agent and if they answer honestly, they are having a hard time surviving and not making as many if any sales. Listen to your neighbors talking about how they can’t afford rent or groceries, it’s real. It’s frustrating that the media keeps telling us it’s going up forever.
Thanks guys
I don’t trust a guy who moved from Nashville to Seattle. If it was the other way round, we’d be best buds.😂
Gold miners in Australia? YES. The lag behind physical gold price and miners is going to narrow and possibly close.
Well, that’s how Seattle got to be so expensive because people from CA and other parts moved there. I grew up in Spokane and remember when Seattle was a very gloomy city.
Great to see a face Ex after all these years on Ker
Buying rental properties is never "passive"
We're going into the fourth turning / crack up boom / currency crisis....what happens when the U.S. loses reserve currency status......got gold and silver
My loan recently was rejected because I took most of my money out of my account in anticipation of the bank going broke.
For some reason no one wants to talk about why remonetizing gold in our world simply isn't going to work: The world's per capita refined gold supply is literally about an ounce. That means if you own 1 + N ounces of gold, where N is an integer greater than zero, then N other people simply aren't going to have any gold.
So how are these goldless people supposed to pay their bills under a gold standard? There is a reason why historically most people suffered from mass poverty & starvation back when they used gold & silver for money.
Easy to overcome through revisionist history 😂
Old saying...the ones with the gold make the rules.
They don't care if some people don't have any gold
Silver
We ARE under a gold standard. The PTB hold gold and exchange gold. It's because the people can only hold fiat which by it's very nature is an exponential form of inflation--not so noticeable until you near the end--which is a Ponzi scheme by the way--that the middle class is melting away--the final years of every fiat cycle is the harvesting of all the wealth workers have created and the harvesting of their very lives too. The City of London Bolshevik Bankers will soon own it all if they have their way. Gold-backed currency is no good when the government is corrupt. The only way is to exchange metal directly. It is very easy to do. When I call Bill Holter (my dealer) to make a trade or purchase or sale, the private depository in which he has a vault and in which I also have a vault, simply moves some metal from one vault to the other and fiat appears in someone's bank account. If they are wise they will NOT leave it there very long. Texas has a state depository. That could act as a clearing house for larger PHYSICAL metal transactions very nicely. The amount of junk silver or silver eagles you would need to shop locally would be minimal because of their value.
Makes no difference what a state does, all is federal leveland feds supercedes/over rides states.
I don't think in California, people are offering more to get the house.
You're awesome 👍 brilliant. Thanks to you I decided not to buy a home....to wait and rent. You should live and be well. You have a clean conscience !
Traceable chips now placed inside gold and silver bullion. Huh. Wonder why????
buy 90% if you can
good lessons of life...
You kidding? A house that you would be willing to live in that: doesn't have a torn out wall, has a frig and stove, has a leaking roof , isn't in a geto, simply is not affordable. THERE IS NO DAMN IVENTORY PROBLEM!!!!
The stores people are going to are grocery stores.
Your poll made me laugh. I don't know why anyone would want to keep more than a thousand or so more than they need in a bank for monthly transactions. Many money gurus recommend keeping some cash around, and your real bank should be a private depository with shiny stuff in it. My dealer, Bill Holter, calls the depository (which I also use) "his piggy bank."
It looks like the black swan event will be the eruption of the Yellowstone super-valcano expected to send 1600 cubic kilometers into the atmosphere.
Japan had a real estate downtown for 20 years after 1989 peak. US may have a long down turn cycle as well. China and many Asian countries already started last year.
Apartments have BEEN doing that with the variable. I was date a woman who would install software that would analyze rents for that day from their rents for the past 5 years and their competitions rents for the 5 years for that day to suggest a max number that unit should be rented for that day. It changing everyday… crazy! Car dealership now are doing the same thing.. they don’t negotiate.. they have a suggested price for that day.. take it or leave it
I'm looking for rural vacant lots, have been for a while, it's looking better and better for me!
Since this is a longform show you should think about putting thumbnails in👍👍
Again, what ismore important for life, food or building? Don't waste good farm land on housing
20k is a hyperbole. Read his book, Aftermath… 3-5k like he said seems more realistic
I suggest you learn about Gresham's law...the dollar is a piece of paper
❤ #inflation that daily #tax 💸 #depopulation
There are no squatters right in Florida. Florida doesn’t play that bs
13million in renovations on properties worth 38 million dollars?
That’s a red flag.
Given the nature of the demographics they intended to serve, it’s obvious this developer either did not know what they were doing or it was a housing first grift.
Todd don't forget you could always 1031 into a business, like this show. You gotta get out of Maryland, I think it's driving you nuts. Florida is open!
Sad to see Melissa move on... Equity rich, house poor has a short shelf life
I was wondering what happened to Melissa! I didn't realize she left.
I don't know anyone whose rent declined.
The cognitive dissonance for people to go from saying housing is incredibly overpriced, to then complaining about the homeless and politicians 😂.
Ha I’m great at my job and have a fantastic attitude- my annual raise hasn’t broken 5% since 2019. Who tf is getting 30% raises for good work?!
Never count your chickens until they hatch😢
Shad is good bait for much larger game fish.
Talking with alot of blue collar workers, the younger generation some can't read, nor have the attention span to focus on meticulous details. Plus, why should I putchase property only to loose it if taxes aren't paid. There no incentive to be an property owner. Government telling what to do, housing association tell me what to do. Listening to you folks about the problems with property ownership, no thank you. The war is over and we lost
Regarding the homeless population growing, it makes me sick that we are paying for BOMBS to send to Ukraine -and to Israel- when I think of how much help/affordable housing could have been built with those $Billions!! Our Govmt priorities are so screwed up! 😭😤😡
What happened to Melissa?
Watch Ken McElroy’s podcast on the issues with converting offices to residential.
Really, Todd!? If it's so easy to make a fortune doing anything you want, then why are so many people broke? Why talk about the Fed and the banks and politicians and stuff when the key to a strong economy is we all just do what we like to do and we'll all make a fortune? Seriously!? Is this Sachs Realty or Sesame Street?
Slum tenants!
Buffalo is booming. Does anyone know why?
One tracakable coin will lead to the whole stash....yikes!!
Thoughts on RUAGOLD
You can build low income micro apartments till the cows come home but you can't change drug addicts and alcoholics behavior. Thats who will rent these! They have to re open the mental hospitals again.
OUCH! WaFed.
I've heard you have to ret you tent occupied space now.
red state smart!
I mention this in a helpful manner...What's the point in inviting people on the show if you do all the talking?
Already 11 min in and the guest spoke for like 30 sec
One idiot in Georgia lowered his house by one dollar to spark a sale.
All this handwringing over the housing market is b.s. A minor inconvenience for the banks. The looser, as always in this situation, is the homeowner. Even if the homeowner is leveraged to the hilt . Then, the bank still owns the underlying assets. Just like the national debt, the original value of the home NEVER needs to be repaid because it can keep being sold over and over again, generating interest payments and junk fees for everyone involved. And now, with FORCED "green agenda," homes will need renovations that will generate additional money into the economy ( as stated outright by the Biden admin). The housing market is a CASH COW. for all who own the loans and services. The homeowner is now a stone being sucked dry . As a homeowner, you are losing the minimal property rights you once thought you had . And since you have to pay LAND TAX , AND DEATH TAX, AND CAPITAL GAINS TAX, you dont OWN ANYTHING. Place your desires and hopes in HEAVEN because it has become a slavery HELL on earth!!!!
Man, thats a great idea to make malls into car dealerships. It would be very convenient to have a bunch of dealers in the same building, especially competitors!
Also could be cool to see them turned into apartment complexes. Empty areas could be used for a parking garage or community amenities. Then you have the demand and can redevelop the parking lot with other businesses that can be synergistic with the apartment renters
....Except that people can not afford new cars now and car loans are a record high.
@Karl-nf3uc for sure. But the more competition, the better! I'm watching dealerships around me be built probably from plans made when prices were at peak, and they'll be coming in after prices have declined and creating more competition on prices
Just a liitke question for the chat, would y'all rather see hyperinflation or stagflation and why?
Stagflation…hyperinflation is the worst thing possible. It literally destroys the currency and leads to bad outcomes.
@@jvz28az My thoughts as well there.
😢 😊
We have a housing problem. Turn them into decent, spacious, affordable housing.
hiding and redirecting your money is just a monkey business...do not mention this boasting guy Kyosaki bragging a year ago about his real estate...where is he now
Is he picking on Chad a bit? Hmmm Interesting.
I bet they leave poo and pee behind
Obviously he was not disciplined
Normally the host talks LESS than the guest
Try asking good questions
JFC
Again hypocrisy talking, " I'm getting out of rental property because tenants suck, they are leeches, and you have to be a slum lord to make profits" ....but call my company and we will get you good tenants, and if you are a tenant come here so i can look down on you and find you a place to live . Great sales pitch. Smdh .
Wait till you see nothing but thick black ash in your rear view mirror.
Homes will soon fall 50%, then they might be affordable.
I lost thousands of dollars with GLDG and Blue Lagoon mining, nothing but pump and dump in my opinion. These miners should be investigated in my opinion. The youtubers should also be accountable for shilling them.
Rick Rule mentioned the scammers recently.
Check out Shad's base noted above .
An honest due diligence source.
Lol you fell for it so It's your fault as well.
49:50 ..820 is the lowest credit score the car salesman has seen in a month? 🤣... only like 10pcnt of the population has a credit score that high 🙄
This guy don’t know shit about commercial real estate!
57 minutes is too long to talk about your headline. I almost quit the video.
The public learned during the last great depression that buying gold is a bad idea. The government confiscated all the gold during the great depression.
@@jameslee-dp6cb The public is wrong about everything including the notion that buying gold is a bad idea. Did you that gold has far outperformed stocks since 2000 despite falling almost 50% ten years ago?
Go back and look at the stats. You will see that silver jumped first and later gold spiked. But neither silver or gold lasted long during the great depression. Instead, food was a very high priority. My grandfather told me that people were so hungry that they were eating the bark off of trees. He was born in 1907.
@@jameslee-dp6cb The depression was rough but not for everyone. As for gold, it didn't spike, FDR revalued it officially from 20.67 to 35. The gold miners were the cash cows of the time and threw off massive dividends. While the Dow lost almost 90% between 1929 and 1932, Homestake Mining more than doubled. And from 1920 to 1940 it went from $71 to $528. After Great Britain abandoned the gold standard, Homestake increased its dividend from $6 to $7.80 in 1931 (source: Seeking Alpha).
In the 1970s, gold rose 25x while silver rose 35x and the miners went crazy. Many 5 to 10 cent stocks went to hundreds of dollars.
@@jameslee-dp6cb I wrote a couple of paragraphs explaining some history about gold's revaluation and the performance of the gold miners 100 years ago and youtube erased it.