Yeah, you're right about far east demand remaining elevated.
In fact, a shortage of gold for purchase has remained pervasive in India even as the international price of gold has steadily come down from it's highs.
While demand for gold in far east countries where people covet it does provide a base level of demand, Gold still remains an inflation hedge above all else, and dis-inflation is the rule on the planet for the time being.
And yes... shifting more and more discussion to proboards now. SCHYY was a decent refuge for many months, but this board is infected now as well and may become useless as well.
Yes, tony can stay here and post insults to himself all day long now.
Somebody with an ID of "Anthony" singed up on the proboard LVS board this morning...
... the moderators are watching that one very closely for signs of the sewage, vitriol and vulgarity that characterizes Tony's meth-crazed demeanor.
Just stopped in and... holy moly!......
.... solid stream of ignored post notifications on this worthless board, and whack-a-mole with any new sewage that shows up.
Fabulous, Tony-free message board over on proboard LVS board. All the blue-chip LVS posters are there now posting excellent LVS threads.
Many thanks to BD for setting it up...
... and policing it to keep Tony's filth from infecting the site.
No reason to post here anymore, for sure.
Happy New Year, all, and GLTAXT!
Do you realize that your response make no more sense than obamacare itself does?
If I had a "low paying dead-end job with no future", as you say, then I would be getting a Great Big Obamacare Subsidy to Reward me for staying in a dead-end job with no future.
Middle Class people like me are the ones getting Huge Increases in our premiums to pay for the subsidies that Obama Supporters like YOU are getting...
... either because they (you) don't work at all... or because they (you) are in a "dead-end job with no future".
You need to Think about your insults before you level them, or you end up looking just like the characterization that you are Making.
Thank you for your response, Mr. Robber.
I'm sorry that you felt the need to belittle and insult me, but that's OK because Obamacare supporters such as yourself tend to be very enthusiastic about getting their healthcare paid for by the rest of us Middle Class Americans.
Merry Christmas to you. S
Thought I would give this topic it's own thread rather than deep in the other one.
I'm not a fan of gold now.
One could make the case that it's a contrarian investment given that: 1) it's down substantially from it's highs and; 2) It's generally counter-correlated to the market and the market is high currently.
You guys are also making the "social/economic unrest" argument in the other thread in that all of these deficits and debts and money printing will make gold a refuge in the coming economic calamity... a calamity that I concur will happen as I see no discipline in government policy.
The problem with Gold right now is one of timing.
The fact remains that more than gold is a reflection of future calamity, it is a reflection of today's low inflation and an aggregate of currency values... both of which are offering no support for gold whatsoever.
Most importantly, growth is weak worldwide and there is no tightness of capacity utilization ANYWHERE... except in Macau's casinos.
What that means is that in spite of rampant money creation, particularly here in the U.S., there is no monetary "velocity" borne out of economic growth because there's very little economic growth in the current environment of fiscal and monetary policy... and as we all know: MV=PQ... and without "V", and given that there's plenty of "Q"... don't look for any gold-fueling "P" anytime soon.
So, while gold is a key to survival down the road, now is the wrong "timing" for it, IMHO, and there's money to be made elsewhere between now...
... and "down the road".
We've all seen the reports of insurance companies cancelling people's health insurance policies and offering them Obamacare policies at double, and even Tripple what they were paying before.
My monthly premium was $196 in late 2009 before the first, Obamacare provisions took affect in 2010. A comparable Obamacare "bronze" policy will cost me $569 per month beginning in January.
When you consider that that "bronze" policy has a higher deductable and annual out-of-pocket than my cancelled policy, Mr. Obama has effectively TRIPPLED my premium.
Like everybody else, I'm TICKED about this!... so, I called my brother in law to see what HE is doing.
My brother in law told me that because he retired early last year, he has minimized his "earned income" and is now qualifying for multiple government assistance programs. ObamaCare is one of those, and he is getting an Obamacare "gold" policy for about 1/8 what they are charging me for an inferior "bronze" policy.
Bottom line, if I want to be "rewarded" by Obama with low-cost health insurance, I have to quit my 2 jobs and start acting like a Greek.
My other alternative? Join a "labor union". THOSE guys are big Obama supporters, so Obama is trying to get them a juicy exemption from ObamaCare as a reward for that support. The Labor Unions LOVE Obama, but they HATE Obamacare just as much as the REST of us do, so like congress, they're gunning for an exemption.
People, there is NOTHING FAIR about ANY of this. The massive increase in my premiums basically amounts the the Biggest Middle Class Tax Increase in my Entire Lifetime.
And a Middle Class Tax Increase is ANOTHER thing President Obama promised he would never do.
Yes, Tony's vulgar sewage posts are completely policed and banned there.
Yahoo's boards are completely un-policed, and therefore open to massive abuse by lunatics such as Tony.
Thank BD. He went to a lot of trouble to get the proboard LVS MB set up. He and blitz are moderating it, and it's looking really good so far.
Either that, or you'll qualify for a big, Obamacare subsidy like thesteinersnj did in his post above...
... a subsidy that is being covered by all of us middle class americans who's health insurance premiums are doubling and trippling.
My brother in law is like thesteinernj... who probably never misses any episodes of his daytime soap operas while the rest of us work 2 jobs to pay for his health insurance subsidy with our over-priced Obamacare policies.
Thanks to Obama trippling my insurance next year, I will be un-insured, because I can't afford the new rate.
Miami, one way to look at it is to look at whether or not the dividend was taxed as earnings at the corporate level.
Let me explain.
LVS is taxed as a C-Corporation at a max rate of 35% at the corporate level. As I've often pointed out, the 35% rate in the US is the highest corporate tax rate on planet earth, which is a big reason why such "punishment of capital" is keeping economic growth so slow in the U.S. nowadays.
Because LVS pays tax at the corporate level, their dividends are "qualified", so you and Mitt Romney pay a maximum of 15% on dividends they distribute to you. The corporate 35% and your 15% together comprise what is known as the "double taxation of dividends".
Conversely, companies that organize as "Registered Investment Companies" (RIC for short) do NOT pay dividends at the corporate level, but are required by law to distribute at least 90% of their earnings to shareholders as dividends. Since these earnings are taxed only once, by the dividend recipient, they are "un-qualified" dividends and are thus taxed at the recipient's normal, "earned income" tax rate.
REITs and Business Development Companies (BDCs) like Romney's Bain Capital are typically organized as RICs, so their typically high dividends are taxed as ordinary income to the recipient.
Politically, the left likes to criticize the tax law I've explaned above where it's expedient to fool the un-knowing public. For example, they are critical of RICs for not paying corporate taxes, even though that is made up for by the fact that their dividends are un-qualified. Similarly, they criticized Mitt Romney for his low, dividend-fueled tax rate, even though the dividends that kept his taxes so low had already been taxed at the corporate level, and were essentially "double taxed".
Hope this helps,
Tony: Be a good boy now and re-post this to the sands board.
Be sure to bump it for 3 months so that it remains prominent there.
Thank you for your cooperation.
Thx for posting these more complete numbers here, stock_warrior.
Hope you can join us on proboards for harassment-free LVS posting.
Tony is barred on that site.
armageddon has shares for galaxy and sjm.
They have been posted on the LVS board at proboards as well
See BD's nearby post for directions to register on that lunatic-free site dedicated to LVS discussion only.
abc, I noticed that you are one of the excellent, LVS posters who has yet to register on the LVS proboard.
Most of the rest of us have gone there to eliminate Tony's harassment. Hopefully, you will as well.
Please see BD's nearby post for the details.
As is plainly clear to everyone, Tony is on a frantic campain of obsession to destroy all discouse on any yahoo board where anyone attempts to discuss LVS.
I recommend to one and all to move discussion to BD's board where Lunatics like Tony are not tolerated.
Once yahoo begins policing these boards, perhaps it can once again be used for rational discussion.