Decisions Decisions - Not so hard for many on PC I suspect

Gee, I do like my property, but I'd take the gold. Then I'd go shopping for what I'd prefer.

 

Isn't the gold as good as cash in the bank?
Who would choose a depreciating asset which would incur lots of time and liquidation costs, just to get the gold?

 

The gold, not a product I would like.

Pay off PPOR debt and rebuy what I prefer in a market I think will do better.

Or just take the gold and upgrade our PPOR, could buy some nice houses in Melbourne for that price either close to the city or some massive houses further out. If I did this then maybe draw out money and buy more IP.

 

Cash is king, gold all the way!

Could be readily converted into multiple better, higher yielding assets than a single overpriced apartment.

 

I'd take the gold. Melt it down and sell it as scrap, instantly turning the gold into 2.2million vs 2m apartment.
Also should add, no ones been charged yet so it's still legal (grey area) I'm thinking.

 

How does melting down gold increase its value by 10%? Jewelry?

 

Easier to use as a grey market currency than blocks of gold

 

Gold fraud: $550m tax scam hits gold industry

When someone buys investment-grade gold bullion that has been stamped into bars and coins, no GST is payable. But the 10 per cent tax does apply to so-called "scrap" gold, which can be anything from cheap jewellery to fragments of 24-carat (pure) gold.

The fraudsters figured out that stamped, GST-free bullion could be smashed into pieces or melted down into scrap, making it suddenly eligible for GST when it was sold on to precious metals dealers and jewellers. The 10 per cent tax was paid by the new buyer, then pocketed by the seller, never reaching the Australian Taxation Office.

These so-called "missing traders" found they could easily reap profits of $1500 to $2500 a kilogram of gold, industry sources say.

But the scam grew exponentially when established players in the gold industry realised it was also possible to claim a GST tax credit after buying bullion that had been melted or even just re-labelled as scrap.

"When word got out you could make a lot of money on this, it spread like wildfire," a gold industry insider says.


And currently no one has been charged and still happening.

 

Omg

 

That means I have at least 37 years of intensive parenting to go

Gold errday.

 

45 ish now
Still have a long road to walk (hopefully)
As does my father (still a fit old bugger)
Hence why l stir him so often

When l look at teens having children, l conclude "they have no idea " of what they are doing....
IT'S WORSE THAN MARRIAGE
(at least you can get divorced)

Kids are litterally till death.......
It is not thought of when you bring them into this world

(Sorry to those that have lost their kids, or their parents before a fair time )

 

I plan to live into my 90s so less than half way. Hopefully my children benifit from my wisdom gathered over time and experiences that a younger me would not have being able to offer.

Fitness plays a big part in my routine and an integral part of my lifestyle so doing what I can to run the course well.

 

Nope. She needs an op.

 

$2.1M apartment at Kirra. Already bought my tickets; if I win, I would definitely keep the apartment as it will get good growth over the next few years. Just ask @big max.

Whereas, with the Sydney apartment, I would take the $2M in gold.

 

Too often, "children" wont learn from your mistakes, unti they land flat on their face's, only then your wisdom makes sense

I plan to live far past 90ish

With medical advances and affordability (due to my increasing portfolio) l hope to make 160yo

Just to prove all the nay sayers WRONG (by outliving them )

 

Gold... some for holiday, the rest for investing. Cut down work hour after