Post by
LedtoBelieve on Dec 10, 2017 8:07pm
Christmas 2017 is Tax Loss Time for Gold Stocks this Year
A lot of gold stocks have lost money this year, but the good news is there aren't many trading days left this year, and a new year is within site. The hastily arranged first wave of drill results were not spectacular by any means, but I am sure it is just a matter of time before we strike pay dirt. The fundamentals of owning gold have never been better. From Dec.2015 to Dec. 2017, the total U.S debt has risen from $18.8 trillion to $20.6 trillion, the debt per tax payer has increased from $157,000 to $170,400, with the personal debt per citizen on top of that rising from $53,800 to $57,200. Worse yet, total corporate taxes received by the government went from $367.6 billion down to $312.7 billion in the same time frame, and next year is the year that lower corporate taxes are set to kick in. The only good thing I suppose, is that the dollar, like bit coin and the like, are all made out of thin air, and almost all countries out there are in the same boat. These are some of the reasons I still like gold in the long term. U.S Debt Clock.org summarizes these stats and more to the minute.