Ok, so if you invest in the stock market (non-registered investments) you have to pay tax on all your earnings. It is kind of a rip-off when you think about it.

First you pay tax on your income

then you invest your money, and pay commision fees, and service fees from your bank or broker,

and then you pay tax on all earnings of your stocks,

when you cash it out and spend it you pay GST and PST,

you also leave a paper trail...

Now, not that I am a criminal, but I see one way at avoiding all of this invasion of privacy and tax-grabbing: buying gold or diamonds.

I am curious about how buying gold works. If anyone knows much about please fill me in. For instance, where can one buy gold using cash, and do it anonymously (not through a bank)

What do you think about the link below?:

Gold Bullion

your thoughts please!

 

Why is it a rip-off to be taxed on earnings? It's income that you've made. Fees for brokerage is a necessary demon because you don't have access to the system, unless you work as a trader. Taxes help the government provide vital services for society. By purchasing gold or diamonds, you will still pay fees and taxes, either from the company or through Customs. How will you sell your gold afterwards? Oliver's? If you could buy gold for cash anonymously through a legitimate source, MANY people would have done so already. Just be careful if you choose to do such actions. Good luck.

 

have you ever heard that "hand in my pocket" song?

good advice, I am aware of tax being a necessity in liberal democratic societies, but in my opinion the average person pays into it way more than he receives...you are welcome to disagree

of course I am not looking to debate whether we pay too much tax here, someone can start their own thread if they feel it is necessary to discuss...

those are some good thoughts, durell

 

Ok, how about this then. The following are pure gold Canadian bullion coins. Are these worth buying? or are they just like all of the other over-priced collector quarters and such that the Canadian mint is always producing?

gold coins

 

buy bars, coins are for pussies

 

a 10 oz bar is in the 6000 dollar range i think dont quote me but thats alot of money to gamble with on one item of investment

 

Gold is a premium commodity, that's pretty stable, but the only thing is that to make a large amount of money, you must have a large amount of money. Also, though prices are pretty stable at the moment, the market can go up or down like stocks, but usually not in a large flux as some riskier stocks (ie tech stocks).

 

Yeah, taxes are a whole can of worms I don't want to even think about, sorry if I offended you, Ejak.

 

http://www.e-gold.com/e-gold.asp?cid=484483

They seemed to be pretty stable when I was in that scene.

 

i got lots of gol.d already, i am good for now i guess

 

did u autosurf?

 

http://www.imperialproducts.com/

go to the front desk tell them how much in certified gold/silver/platinum u want and walk out with your ****. i used to work there. its in markham on the corner of denison and steelcase

 

For a brief period, yes. But man it was such a waste of time. I did like the egold idea though, it seemed much better than the stormpay and whatnot other companies you could cash out with.

 

there are other ways to hedge and gold may have run its course for the last little while, although, there is still a lot of room to grow.

buying gold is alright, but remember there are still broker fees and you can get in trouble for not claiming income/assets.

 

lol, i got in right after stormpay crashed, and man i made as much as i could and got out before i lost everything, im thnking about getting back in for a couple of upgrades and them bailing again

 

no man, it's cool...i just didn't want the topic to go astray...

sounds like you know a thing or two

 

ejak...depends how quick a buck you wanna make. the gold market is hot right now due to some lack of interest or risk (recent global situation) which has helped diversion of capital from the stocks and bonds.

you can look into buying gold stocks or gold based mutual funds. i have invested in a couple and i am happy to see the value going up and up. there are companies in the BC/vancouver area who are into gold and precious metal business.

now..going this route you have to pay all the crappy fees but the capital gain will be higher overall after you pay all your dues.

but if you just wanna buy gold and diamonds...go to dubai...you get 24kt...that is very cheap.

 

you can buy millenium bullion fund.....its a canadian mutual fund that buys gold.

http://www.bmsinc.ca/

MER of 2.25% and no front end load (if you buy through the proper channels).

 

E_Jak,

from what I have read else where Canadian Gold coins are more pure then the standard Gold bricks you can buy. .999 as opposed to .99

as for taxation.. why pay into a system that is full of government waste. sure i pay taxes on my income but there has to be a better way.

 

Golds a very stable market hardly any fluctuations.


3-4 months ago there was actually a gold shortage and you could have made some sweet coin.

But like many have posted above you need to be dealing in the tens of thousands of dollars (minimum)
3-4 grand is not going to fetch ****.