The Tax Man Cometh and Taketh Business With it!?

Morning Folks!!

If you have been reading my posts in 2008-2009 you would have read the discussion about tax time 2011 and 2012 as being the depths of this recession. The big squeeze is on. Folks are financially weaker than ever and the pinch is coming at the same time. For some, this is the last nail in the coffin. They will not survive April 15th. The money is due and many just won't have it. This sets up a problem that may not actually manifest itself for another year or two.

The dollar is worth less than ever at the same time there is a shortage in dollars and prices are skyrocketing. Food, gas, clothing all going up significantly and that just adds to a squeeze that is already dangerously tight.

There is a lot of activity but that may not translate into a lot of success. For some, this will be the last gasp.

Closer to the domain industry payouts are rock bottom and each day more premium domains are being pulled from PPC to try new things. Small businesses are struggling to keep afloat. Their biggest hope are the corporate giants with giant reserve of dollars that are becoming worth less each day.

I never thought that I would want to trim my 'Exposure' with cash holdings but that is exactly what I have been doing for the past 2 years. Buying whatever I can that I think can hold value. Gold, silver, collectibles, classic cars, property, domains and anything that will hedge against the dollar. Diversifying ASAP.

Remember one thing. Gold was at $500 when Steve Forbes came to TRAFFIC just 4 years ago. Today about $1500. That is your dollar eroding away. That is your buying power being washed away.

Gold could retreat to $1000 and lower. But I don't care if I have a loss like that because what I am protecting against would see gold at $15,000 an ounce. Inflation is coming and it will be like something we have never seen before in the USA. Inflation is the ONLY thing that can payoff the debt.

Meanwhile I sit here and rack my brains out each day thinking about this or that. The silver lining is I see PREMIUM domain names as still being the only thing SAFER than gold and it can be income producing which gold can't do. The #1 investment I see is STILL premium domain names. I STILL hand register domains everyday because the world evolves every day. Most won't pan out. But it only takes patience and ONE to pay for THOUSANDS. That is the simple formula.

The good thing about April 16th is folks know where they are financially and can then plan from there. That translates into a bump for business and businesses able to make Capital investments as they also have a clear road ahead.

I expect many high profile domain deals between now and the end of the year. I think domain names may finally be entering a new phase. I see more and more stories about domain names in the media. Just this week it was Trump making news with his new domain. This is going to become more and more common place. Imagine the evening news starting with who bought what domain? It's coming!

Have a GREAT Day!

Rick Schwartz