Forum Archive Index - December 2003

["Cristine Kerr" <criskerr@optusnet.com.au>]

Thanks Woody.

----- Original Message -----

From: Woody

To: sharechat@sharechat.co.nz

Sent: Tuesday, December 02, 2003 11:33 AM

Subject: Re: [sharechat] Congrats Reply

Well in Australia any Gold transaction under $10,000 is not recorded. You can walk into a Bullion Dealer and buy $9,999 worth of gold without any ID. You make sure you Buy when the Price of Gold is low and then you resell it back to the dealer ( Both Transactions Incur a 3-5% Commission, so you must include that into your profit margin ) When the price is high. In both transactions you use Cash and in both transaction there is no ID Needed. It is Legal, just a loop hole in the system. It is the same for Professional gamblers, Horse punters etc.

----- Original Message -----

From: Cristine Kerr

To: sharechat@sharechat.co.nz

Sent: Tuesday, December 02, 2003 11:14 AM

Subject: Re: [sharechat] Congrats Reply

Hi Woody,

 

You have my keen interest re buying and selling gold.

 

Could you please provide more details on what it is you can buy and sell tax free. (Remember I am a novice trader.)

 

Thanks,

Cris

----- Original Message -----

From: Woody

To: sharechat@sharechat.co.nz

Sent: Tuesday, December 02, 2003 10:55 AM

Subject: [sharechat] Congrats Reply

To those ' Gold Experts ' that think they know all ways to trade gold listen! I have been buying and selling gold options on every rise and fall the last 12 months and have realised 300% on my initial investment. So your 28% NZ index pales in conparison.

Trading gold and silver options  are in my opinion are a far less risky position to take than shares, Small initial investment and great leverage. I also have been buying and selling real Gold Bullion and have realised a 75% gain on my investment there.

 

The buying and selling of gold under AUS$10,000 is tax free here in Oz. Great way to negate your income tax.

 

Gold is the investment vehicle of the Super Rich, The Rothchild Dynasty was built on it and is maintained on it. Warren Buffet and Bill Gates have been accumulating Gold and Silver at incredible amounts.

 

Forget Shares you guys Buy Precious Metals, the way to go!!

 

Woody  ( Gold Guru )