Almost one year ago, I posted my very first tiny button of 999.9 to save aside, when it was still $50 USD per gram cheaper; but this round, with so many things happened at home, medical bills to pay, I could only get a tiny miserable dot, not even a button, and I have to pay 142% more expensive....
Is it too late to set aside precious metals for rainy days? 😢
By the grace of God, this is actually more expensive, but I got some discounts from all the "in-app games" I played and checked in daily for bill payments, and I got around $2 discount plus free shipping; but that cannot deny the fact that it is really getting harder and harder to get a proper savings for the rainy days like this 999.9% purity yellow gold (which supposedly the highest purity and better re-sell value).
However, recently I just got to know about something interesting from my fellow Muslim friend in Malaysia, that if they hold this status of gold coins, they will have to pay tax (to help the poor, because you are wealthy enough to store gold... something like that).
Probably this could be one of the reason why Malaysia has one of the lowest gold repository in South East Asia / the world compared to other countries ?
That, I am not certain...
However
There seemed to be a "loophole" to reduce taxes, is that when the gold is worn it cannot be taxed, because it is being used(?)
(Maybe the value depreciates because of more oxidation? I am still lost of words for that)
found in google image search
Maybe looking into these might be of a better deal for my fellow colleagues, because at least it is usable and if it is just one tiny button, how much can they monthly tax it?
(I heard this is monthly tax, but compiled annually. I may be wrong)
How about you?
Do you set aside something like this, or is it too dangerous for you to keep this because of the condition of the place you are in, or crypto, though volatile, is still more secure than precious metals?
Until Then
Stay healthy, stay curious and learn new things, and stay happy!
If you would like to give some encouragement outside HIVE with some fiat backing, please feel free to visit: https://www.buymeacoffee.com/littlenewthings
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