By Kevin Brekke, Casey Research
If you own any, it might seem that gold stocks have been underwater for a long time, and that the bull market is over.
Yet, the chart below tells me that likely as not, those with the courage to buy when others panic will be the big winners in gold.
It shows that those who bought gold stocks in '74-'75 when everyone else was buying eventually made money…. but those who bought when others were selling in '76 went on to make a killing. Continue reading "Gold Stocks Got You Down? This History Lesson Will Pick You Up…"
Kevin Brekke, International Man
June brings privacy gloom for US tax filers. June 30 is the filing deadlinefor Treasury Form TD F 90-22.1 (the FBAR), wherein US persons get to stand financially naked by reporting their foreign held financial assets or accounts. The pat down was turned into a strip search with the introduction of the new IRS Form 8938 that greatly expanded the types of foreign assets now required to be reported to the US tax authorities.
Over the past 18 months, a series of changes to the reporting requirements for foreign assets held by US tax filers were introduced, including the release of the new form 8938 mentioned above. With each change came questions, as the instructions were not always clear and left tax filers hanging about how they should be interpreted - an unsettling situation, as the penalties for failure to file are absurdly extreme. However ...