ECON Gold Up over $30.00 Silver over $30.00 /reopened per Dennis

[Johnny Twoguns]

The government and central bank has two choices. Either inflate or default. All governments choose to inflate. The Fed is in a debt trap and can never raise again so they will sacrifice the currency in the meantime as the government can't afford the relatively high interest payments on the debt and it is also decimating the banks with the higher rates.

So by sacrificing the currency gold and silver benefit. To begin with gold will hold it's value by going up in dollar terms as the dollar continues to go down and when the real gold 'rush' starts there will be a flood of not only people but institutions trying to get into it and when that happens real supply and demand takes over. It will be a cash and carry market and at some point gold may meet or even exceed it's fair value at least in purchasing power.

Unless the dictatorship take over and then they WILL try to confiscate or super tax all PMs, and of course, everything else. At that point I'll have to make some hard decision whether to hold on to my 20 oz of silver or dump them.

 

[Great Northwet]

I haven't posted on this thread in a while, and I'll admit it's moving higher and faster than I thought possible.

I keep having to remember what HFcomms says, that Au isn't actually going up, but the Dollar is just losing more value. GSR is still 84'ish.

I remember the GSR at 32 and believe it can be there again at some point. I think that would be called an investing success. Ag always seems to lag under these circumstances so it might be a while.

 

[Hfcomms]

Unless the dictatorship take over and then they WILL try to confiscate or super tax all PMs, and of course, everything else. At that point I'll have to make some hard decision whether to hold on to my 20 oz of silver or dump them.

I really don't think confiscation will ever happen and it is just a stressor for people. Silver would never be confiscated as it is a commodity used across the whole economic spectrum. Silver is just getting more scarce is all and I don't think gold will ever be confiscated again either for several reasons.

There is not that much gold anymore in the public's hands except for personal jewelry. Back in 1932 gold coin was circulating as money and not so today. And then in 2011 when the gold price spiked and all the 'cash for gold' shops sprung up more gold was taken out of the system.

About a half of one percent of investible funds are in the physical gold spectrum and that is a drop in the proverbial bucket. And other than the stackers most of which only have a few ounces of gold and are overweighted in silver most of the people that hold physical gold are the 1%. And these people either write the laws or influence those who write the laws and they are not going to make the holding of their gold illegal.

What I could see happening is nationalization of gold mines in the U.S. and also when gold spikes to the moon and inflation continues to eat people up most will sell what little personal gold that they have just to survive. And yeah, they will capital gains tax you to the moon when you sell your gold...the taxation I can definitely see happening.

And also there is little to no paper trail for gold so they really have no idea who has what. Firearms have serial numbers and a paper trail and gold has neither except for bars that are serialized but most of the bar form gold is too expensive for the average gold holder to have. For us it is more coins that have no serial numbers or paper trails.

They can't get the guns off the street with serials and paper trails and they would have even less luck with gold. I think most will gladly and voluntarily sell their gold for fiat going forward just to make ends meet. In this case the carrot is more effective than the stick.

 

[Gitche Gumee Kid]

And also there is little to no paper trail for gold so they really have no idea who has what.------>from post #443
My meager purchases have most ly thru Apmex Will they share their files with TPTB?
GGK

 

[Hfcomms]

Can I Sell Silver Without Reporting to the IRS?​

Individual taxpayers who sell silver for a profit may be obligated to report a capital gain when filing their return. This is true for most types of collectibles such as coins, stamps, antiques, and comics. When selling silver coins in consideration of reporting to the IRS, you must report the sales of any combination of 90 percent silver US coins with a face value of over $1000 and 0.9999 fine silver bars totaling over 1000 troy ounces. Other items like silver bars and collectibles, need to be reported if the sales result in a capital gain. If you experience a significant loss when you sell your silver, you may benefit from reporting the loss.

What Types of Silver Sales do not Trigger a Form 1099-B Filing?​

The IRS requires entities, such as brokers and financial institutions, to report sales of certain silver assets on Form 1099-B. However, some silver sales may not trigger a Form 1099-B filing requirement.

These types of silver sales may not trigger a Form 1099-B filing requirement:

Personal-Use Property​

If you sell silver considered personal-use property, such as silverware or jewelry, it may not trigger a filing requirement. However, any gain from the sale is subject to capital gains tax.

Small Silver Sales Transactions​

If the total yearly proceeds from the sale of silver are below a certain threshold, a reporting obligation may not be triggered. Please note that these thresholds can change, so refer to the current IRS guidelines.

Non-Broker Transactions​

If you sell silver to an individual or a non-broker entity, it is up to you to report a capital gain if applicable.

However, if a sale does not trigger a Form 1099-B filing requirement, you may still be responsible for accurately reporting any capital gains on your tax return. Check with your tax preparer if you have any concerns before filing.

Capital Gain Taxes on Silver Sales​

The tax treatment of capital gains on silver sales varies depending on your state’s tax laws. However, this is how capital gains taxes on silver sales are typically handled in terms of Federal requirements.

Short-term vs. Long-term Capital Gains. Capital gains on the sale of silver are classified as either short-term or long-term, depending on how long you held the silver before selling it. The classification can impact the tax rate applied to the gains.

• Short-term Capital Gains: If you held the silver for one year or less before selling, profits from the sale are considered short-term capital gains. Short-term capital gains are taxed at your regular income tax rates but limited to a maximum of 28 percent.
• Long-term Capital Gains: If you held the silver for more than one year before selling, the gains are classified as long-term capital gains. Long-term capital gains qualify for lower tax rates than standard. The specific long-term capital gains tax rates vary.

Cost Basis and Calculating Gains. To determine your capital gains, you will need to calculate the difference between the sale price of the silver and its cost basis. The cost basis is the original price of the silver, including any expenses related to the purchase, such as commissions or fees. If there are adjustments to the cost basis due to improvements or repairs, those can also impact the calculation.

Reporting and Filing Taxes. When it comes time to file your taxes, you must report capital gains from the sale of silver on your tax return. You may need to complete relevant forms, such as Schedule D, to accurately report your capital gains and calculate your tax liability.

Are the Reporting Obligations for the Sales of Silver the Same as Gold? ​

The short answer is no. While you must report capital gains, the requirements are different. Silver sales that require reporting are 90 percent silver US coins with a face value over $1000 and silver bars 0.999 fine totaling 1000 troy ounces or more. Whereas for gold, dealers may have to report the sales of certain amounts of gold bars, Krugerrand, Maple Leafs, and the Mexican Onza.

What if I Sell my Silver Online?​

If you sell silver, or any precious metal, to an online buyer such as a “we buy silver” company, tax obligations are the same as if you sold your silver to a local coin shop, dealer, or pawnshop. The online entity may be required to file a Form 1099-B and you may be obligated to report capital gains.

Person-to-Person Sales of Silver Tax Obligations​

Again, while the transaction may not be “officially” tracked, you are legally obligated to report capital gains. However, the buyer does not need to report their gain or loss until they sell the silver. Even though these transactions are not traceable, we encourage our readers to do the right thing.

What Might Happen if I Fail to Report my Silver Sales?​

When required by law, failing to report the sale of silver may have legal consequences and result in penalties or fines. To avoid issues with the IRS, we recommend you comply with the applicable tax reporting requirements and report any necessary information when selling silver or other valuable assets.

It is important to keep accurate records of your silver sales. The information you will need to keep includes purchase and sales records, holding duration, and a record of transactions you previously reported. We can help you to easily track your precious metals using the online portfolio tool on apmex.com and within the APMEX mobile app.

The information provided here is for educational purposes only. Please consult your tax professional for advice concerning the selling of precious metals, bullion, and numismatic items.

Can I Sell Silver Without Reporting to the IRS? | APMEX

Under certain circumstances you can sell silver without reporting. However, in some situations you may be obligated to report capital gains to the Internal Revenue Service (IRS).

learn.apmex.com

 

[von Koehler]

Can I Sell Silver Without Reporting to the IRS?​

Individual taxpayers who sell silver for a profit may be obligated to report a capital gain when filing their return. This is true for most types of collectibles such as coins, stamps, antiques, and comics. When selling silver coins in consideration of reporting to the IRS, you must report the sales of any combination of 90 percent silver US coins with a face value of over $1000 and 0.9999 fine silver bars totaling over 1000 troy ounces. Other items like silver bars and collectibles, need to be reported if the sales result in a capital gain. If you experience a significant loss when you sell your silver, you may benefit from reporting the loss.

What Types of Silver Sales do not Trigger a Form 1099-B Filing?​

The IRS requires entities, such as brokers and financial institutions, to report sales of certain silver assets on Form 1099-B. However, some silver sales may not trigger a Form 1099-B filing requirement.

These types of silver sales may not trigger a Form 1099-B filing requirement:

Personal-Use Property​

If you sell silver considered personal-use property, such as silverware or jewelry, it may not trigger a filing requirement. However, any gain from the sale is subject to capital gains tax.

Small Silver Sales Transactions​

If the total yearly proceeds from the sale of silver are below a certain threshold, a reporting obligation may not be triggered. Please note that these thresholds can change, so refer to the current IRS guidelines.

Non-Broker Transactions​

If you sell silver to an individual or a non-broker entity, it is up to you to report a capital gain if applicable.

However, if a sale does not trigger a Form 1099-B filing requirement, you may still be responsible for accurately reporting any capital gains on your tax return. Check with your tax preparer if you have any concerns before filing.

Capital Gain Taxes on Silver Sales​

The tax treatment of capital gains on silver sales varies depending on your state’s tax laws. However, this is how capital gains taxes on silver sales are typically handled in terms of Federal requirements.

Short-term vs. Long-term Capital Gains. Capital gains on the sale of silver are classified as either short-term or long-term, depending on how long you held the silver before selling it. The classification can impact the tax rate applied to the gains.

• Short-term Capital Gains: If you held the silver for one year or less before selling, profits from the sale are considered short-term capital gains. Short-term capital gains are taxed at your regular income tax rates but limited to a maximum of 28 percent.
• Long-term Capital Gains: If you held the silver for more than one year before selling, the gains are classified as long-term capital gains. Long-term capital gains qualify for lower tax rates than standard. The specific long-term capital gains tax rates vary.

Cost Basis and Calculating Gains. To determine your capital gains, you will need to calculate the difference between the sale price of the silver and its cost basis. The cost basis is the original price of the silver, including any expenses related to the purchase, such as commissions or fees. If there are adjustments to the cost basis due to improvements or repairs, those can also impact the calculation.

Reporting and Filing Taxes. When it comes time to file your taxes, you must report capital gains from the sale of silver on your tax return. You may need to complete relevant forms, such as Schedule D, to accurately report your capital gains and calculate your tax liability.

Are the Reporting Obligations for the Sales of Silver the Same as Gold? ​

The short answer is no. While you must report capital gains, the requirements are different. Silver sales that require reporting are 90 percent silver US coins with a face value over $1000 and silver bars 0.999 fine totaling 1000 troy ounces or more. Whereas for gold, dealers may have to report the sales of certain amounts of gold bars, Krugerrand, Maple Leafs, and the Mexican Onza.

What if I Sell my Silver Online?​

If you sell silver, or any precious metal, to an online buyer such as a “we buy silver” company, tax obligations are the same as if you sold your silver to a local coin shop, dealer, or pawnshop. The online entity may be required to file a Form 1099-B and you may be obligated to report capital gains.

Person-to-Person Sales of Silver Tax Obligations​

Again, while the transaction may not be “officially” tracked, you are legally obligated to report capital gains. However, the buyer does not need to report their gain or loss until they sell the silver. Even though these transactions are not traceable, we encourage our readers to do the right thing.

What Might Happen if I Fail to Report my Silver Sales?​

When required by law, failing to report the sale of silver may have legal consequences and result in penalties or fines. To avoid issues with the IRS, we recommend you comply with the applicable tax reporting requirements and report any necessary information when selling silver or other valuable assets.

It is important to keep accurate records of your silver sales. The information you will need to keep includes purchase and sales records, holding duration, and a record of transactions you previously reported. We can help you to easily track your precious metals using the online portfolio tool on apmex.com and within the APMEX mobile app.

The information provided here is for educational purposes only. Please consult your tax professional for advice concerning the selling of precious metals, bullion, and numismatic items.

Can I Sell Silver Without Reporting to the IRS? | APMEX

Under certain circumstances you can sell silver without reporting. However, in some situations you may be obligated to report capital gains to the Internal Revenue Service (IRS).

learn.apmex.com

And in the case of collapse of .fedgov none of this no longer applies.

The way things are going, just have to wait the bastards out.

 

[Johnny Twoguns]

Pure speculation, but it has a certain ring to it

 

[Tristan]

And in the case of collapse of .fedgov none of this no longer applies.

The way things are going, just have to wait the bastards out.

I get your point, but I think the odds are that the people will collapse before the FedGov does.

 

[Reasonable Rascal]

I get your point, but I think the odds are that the people will collapse before the FedGov does.

Define collapse.

RR

 

[Kathy in FL]

They don't have to confiscate or tax gold, they can simply make it illegal to use to pay taxes with, to pay utilities with, to pay whatever. They can also make it so that no one can deposit it into any kind of savings institution. Yes, that may create an underground economy until they do what they've done to the so-called militias and MAGs. They'll infiltrate and pay people to be turncoats.

 

[von Koehler]

I get your point, but I think the odds are that the people will collapse before the FedGov does.

Probably both at around the same time. It will be so bad it won't matter who collapses first.

 

[Johnny Twoguns]

Gold and silver high prices in 1980 adjusted for inflation:

Inflation Calculator | Federal Reserve Bank of Minneapolis

What’s a dollar worth? How far does a past dollar stretch to equal the modern dollar? What would past prices be today?

www.minneapolisfed.org

 

[Johnny Twoguns]

Watching a YT on what if there is no gold in Fort Knox.

Interesting thought, what could happen to the price of gold in the USA if for some reason the US Gov suddenly needed gold. A lot of gold. Ruled out confiscation and was willing to pay for it?

 

[Hfcomms]

Ruled out confiscation and was willing to pay for it?

With what? Dollars cranked out of the printing press? The time is coming where you can’t buy silver or gold for dollars. The dollar is going the way of the Rentenmark and Bolivar along with thousands of other worthless defunct currencies.

 

[Hacker]

Watching a YT on what if there is no gold in Fort Knox.

Interesting thought, what could happen to the price of gold in the USA if for some reason the US Gov suddenly needed gold. A lot of gold. Ruled out confiscation and was willing to pay for it?

The Federal Reserve holds a claim on all of USA's gold.

Regardless, I believe there's no gold in Fort Knox.

 

[West]

I believe that most if not all the gold that was in Fort knoxs is now in several places other than there. I also think there's fake gold stacked high with gold plated tungsten or like metals in Fort knox.

The IMF got the bulk of it. And the privately owned federal reserve banks the rest. All in privately held vaults around the world.

 

[Johnny Twoguns]

With what? Dollars cranked out of the printing press? The time is coming where you can’t buy silver or gold for dollars. The dollar is going the way of the Rentenmark and Bolivar along with thousands of other worthless defunct currencies.

I've always felt there will be a certain amount of time, for those who can read the tea leaves, that will allow last minute prepping before things really fall apart. Just my personal intuition at work.

There are a LOT of things I could get around to getting if the getting got serious and even with a highly inflated dollar (what do you think you are using now?), time willing, there would be things to get. Like a motor bike or small motorcycle that could go a long way on a gallon of gas.

I still think you could pick up some trinkets if the US Gov, or the Fed, wanted your oz for $10K or $20K.

 

[Johnny Twoguns]

It is not here, yet, but they may try it.

 

[AuEagle]

Monday AM.
Gold $2623.00
Silver $30.70

Homepage | GoldSeek

goldseek.com

 

[Raggedyman]

It is not here, yet, but they may try it.

View attachment 500258

possibly so . . . but it wouldn't be as easy as it was the last time . . . UNLESS they tied it to cryptos issued by the government. even at that - it would take a true DUMB AZZ to fail to comprehend those cryptos could be REMOVED or FROZEN just as easily as they were issued.

 

[Reasonable Rascal]

PMs dealer at the gun show this week-end was getting $36 for AE's, $33 for Buffalos. Zero gold to be had, zero 90% coin. He says it has been this way for a couple of weeks. Had he any gold at all it would have sold this week-end. And that at a show where people just were not buying much of anything.

He's a buddy of ours so we get the real-time scoop if you will. He did a coin show last week-end and it was the collectibles that were selling more than bullion pieces.

RR

 

[Loretta Van Riet]

Gold @2,627

 

[Hfcomms]

He's a buddy of ours so we get the real-time scoop if you will. He did a coin show last week-end and it was the collectibles that were selling more than bullion pieces.

RR

Premiums on collectibles are cyclical as well. Several years back I purchased a lot of MS62 $10 Liberties for $50 over spot and right now they are going for about $200 over spot price. The last year or so junk silver had very little premium on it and now everyone is starting to want it so premiums are soaring again if you can even get it. Spot the trend....beat the crowd.

 

[Quiet Man]

Premiums on collectibles are cyclical as well. Several years back I purchased a lot of MS62 $10 Liberties for $50 over spot and right now they are going for about $200 over spot price. The last year or so junk silver had very little premium on it and now everyone is starting to want it so premiums are soaring again if you can even get it. Spot the trend....beat the crowd.

Thanks for mentioning premiums on collectibles. Pre-Covid, there was a time I was able to get 1928 MS-64 $20 St. Gaudens for just under $50 over spot (through Bill Holter), but lost track of current premiums. I think they actually were as low as $35 over spot at one point.

May I ask where you are seeing those prices, if on-line? pcgs.com?

 

[Hfcomms]

Last time I had checked it was Apmex if paying with a CC. It is less if you do a bank wire or buy in bulk.

 

[Sub-Zero]

Probably both at around the same time. It will be so bad it won't matter who collapses first.

"What can be, unburdened by what has been."
Kamala Harris

Think Mao level of unburdened.

 

[Mark D]

"What can be, unburdened by what has been."
Kamala Harris

Think Mao level of unburdened.

IIRC, she's paraphrasing Marx.

(same end result though)

 

[Johnny Twoguns]

Thanks for mentioning premiums on collectibles. Pre-Covid, there was a time I was able to get 1928 MS-64 $20 St. Gaudens for just under $50 over spot (through Bill Holter), but lost track of current premiums. I think they actually were as low as $35 over spot at one point.

May I ask where you are seeing those prices, if on-line? pcgs.com?

The IRS thanks all of you for making their jobs easier

 

[Hfcomms]

The IRS thanks all of you for making their jobs easier

Only when you sell and of course all good taxpayers (ahem) gladly report their capital gains as required by law.

 

[Johnny Twoguns]

Only when you sell and of course all good taxpayers (ahem) gladly report their capital gains as required by law.

Law? Not if they manage to install kneepads harris. She is talking about 95% capital gains, entering houses, and all kinds of horrors.

Think outside the box a bit

If Trump gets in, it might take a while, but he will come to the realization that this ain't 2020 anymore and he has already lost 90% of the influence he used to have on the world stage.

Once he realizes that BRIICS is working on real prices, no more BS G7 'protection racket' strong arm tactics that used to be grudgingly accepted by most of the world; and they want to get paid in 'BRIICS Bucks' or actual commodities not WWII left overs, he will be desperate to collect Gold (and maybe silver) 'donations' at very high prices.

I can't defend these positions based on anything but my thoughts and intuition. There ya' go.

BTW, I was pointing out all those peeps on this thread speaking about what they DO own. Ditto for all the gun threads.

 

[Hfcomms]

BTW, I was pointing out all those peeps on this thread speaking about what they DO own. Ditto for all the gun threads.

There is no anonymity on the Internet as I'm sure you are aware even if you take appropriate steps like using a VPN which I do all the time. I'm not an important enough of a fish though to go through the trouble to associate a screen name with a real person to come after my gold and silver which wouldn't fund the Federal Government for even one second.

People that are that worried need to get rid of their computers, tablets and cell phones and go live in a cave. Because if they use the net and think they are anonymous they are sadly mistaken.

 

[Johnny Twoguns]

There is no anonymity on the Internet as I'm sure you are aware even if you take appropriate steps like using a VPN which I do all the time. I'm not an important enough of a fish though to go through the trouble to associate a screen name with a real person to come after my gold and silver which wouldn't fund the Federal Government for even one second.

People that are that worried need to get rid of their computers, tablets and cell phones and go live in a cave. Because if they use the net and think they are anonymous they are sadly mistaken.

I think you missed my point.

An old Canadian GF in Toronto used to be in the Canadian Forces. On her bedroom wall was a big poster from WWII

"Loose Lips Sink Ships"

that was the point I was making

 

[Sub-Zero]

IIRC, she's paraphrasing Marx.

(same end result though)

Yep; forward, comrade.

 

[emiliozapata]

And in the case of collapse of .fedgov none of this no longer applies.

The way things are going, just have to wait the bastards out.

once you wait them out you can establish your new reich and can then gather your forces to invade russia and truly teach old vlad bad that he messed with the wrong guy!!!!!

 

[Sub-Zero]

IRS and link to state rules for precious metals: Laws Pertaining to Purchasing or Selling Gold Bullion and Silver Bullion in the U.S. by State

Skip to content

https://americanrarities.com/#mobile-menu-toggle

Laws Pertaining to Purchasing or Selling
Gold Bullion and Silver Bullion in the United States​

Information regarding State and Federal
Coin Laws and Tax Reporting Obligations'​

Federal Reporting Requirements​

Do I Have To Report Purchases and Sales of Gold Bullion, Silver Bullion, or Rare Coins to the Federal Government?

While almost all transactions are reporting free, our business is subject to the anti-money laundering provisions in the “Patriot Act,” enacted in 2001. Many dealers report more customer transactions than the law actually requires. We follow the law and have examined it carefully to be sure of our obligations. There is no requirement to report your purchase of precious metals with rare exception. For a disclosure requirement to be triggered, BOTH of the following conditions have to be met:

• The transaction is (or related transactions are) larger than $10,000 in size, AND
• Payment is made using actual cash (i.e. Federal Reserve notes and U.S. coins) or with two or more cash instruments (defined as money orders, cashier’s checks, or traveler’s checks) which, individually, are $10,000 or less but when totaled together equal more than $10,000. Personal checks, debits, bank wires, and credit card payments are NOT considered cash or cash instruments, and, therefore, purchases using them do not trigger disclosure by a dealer regardless of their amount(s).

IRS Form 8300 disclosure is applicable to all cash transactions in the United States economy meeting the aforementioned conditions – not just precious metals transactions.

In regards to purchases we are required to report the SALE of your precious metals only in some rare circumstances: IRS regulations dictate that only those items and quantities that can be used to fulfill a regulated Futures Contract (RFC) trigger the 1099B reporting requirement. Items are as follows below:

Sales of 50 oz. platinum (purity requirement of .9995) in bar sizes of 10 oz. or larger trigger a 1099B.

Sales of 100 oz. of palladium (purity requirement of .9995) in bar sizes of 10 oz. or larger trigger a 1099B.

Sales of 100 oz. of gold (purity requirement of .995) in not less than one 100 oz. bar, one kilo bar (32.15 oz), or ten 10 oz. bars require a 1099B.

Sales of 5,000 oz. of silver (purity requirement of .999) in not less than five 1,000 oz. bars or sales of 1,000 oz. in multiples of five require a 1099B.

Sales of silver bullion rounds, silver coins, 1, 5, 10, kilo, and 100 oz. silver bars, or any gold coins or rounds do not require a Form 1099B filing.

Note that individual taxpayers have their own reporting obligations as to their own tax returns. The IRS currently considers precious metals to be property, not money, it expects investors/owners to accurately report any capital gains or loss is measured in fiat dollars when the bullion is liquidated. You are urged to comply with this. Personal reporting is not required when the metals are purchased and not while the metal remains in your ownership. A capital gain or loss that would generally be included in your income tax obligation at the state level, as applicable.

State Coin Laws and Reporting Requirements​

Do I Have To Report Purchases and Sales of Gold Bullion, Silver Bullion, or Rare Coins to my State Government?​

Alabama – Georgia
Hawaii – Maryland
Massachusetts – New Jersey
New Mexico – S. Carolina
S. Dakota – Wyoming

Free Appraisal for Your Coins and Coin Collections​

Email, Text, or Use This Form To Send Us Your Inventory List or Pictures​

Email: staff@americanrarities.com | Phone: 800-622-5680 | Text: 720-600-4



Professional Associations

Call 1-800-622-5680
Text 720-600-4740
Email staff@americanrarities.com

 

[Great Northwet]

There is no anonymity on the Internet as I'm sure you are aware even if you take appropriate steps like using a VPN which I do all the time. I'm not an important enough of a fish though to go through the trouble to associate a screen name with a real person to come after my gold and silver which wouldn't fund the Federal Government for even one second.

People that are that worried need to get rid of their computers, tablets and cell phones and go live in a cave. Because if they use the net and think they are anonymous they are sadly mistaken.

So, everything is recorded like blockchain. It makes sense that is should be like that. If I were a big dominance, I would do the same thing.

Cash transactions obfuscate that since there is no paper(digital) trail. Cash is king gets a whole new meaning...and I 'll just stop typing now...

 

[Reasonable Rascal]

Law? Not if they manage to install kneepads harris. She is talking about 95% capital gains, entering houses, and all kinds of horrors.

Think outside the box a bit

If Trump gets in, it might take a while, but he will come to the realization that this ain't 2020 anymore and he has already lost 90% of the influence he used to have on the world stage.

Once he realizes that BRIICS is working on real prices, no more BS G7 'protection racket' strong arm tactics that used to be grudgingly accepted by most of the world; and they want to get paid in 'BRIICS Bucks' or actual commodities not WWII left overs, he will be desperate to collect Gold (and maybe silver) 'donations' at very high prices.

Sounds like some of that "radical hysteria" someone else mentioned on another thread.

RR

 

[Quiet Man]

From my perspective, the conversation about the IRS is irrelevant.
Their days are severely numbered now.
I would say the same about the threatened taxes on unrealized gains or 95% on Cap Gains, etc.
Those people are toast.

Big changes are bearing-down on us right now.
The world is changing extremely rapidly now.
The slight fragrance of freedom is detectable in the wind.
Stop thinking like slaves. Elevate your thoughts to Constitutional values.

 

[Hfcomms]

Yep…the old scripture comes into play here giving to Caeser what is Caesar’s and to God what is God’s. Caesar is interested in his increasingly worthless Federal Reserve Notes and that is what the IRS is currently interested in as well. The IRS wants their pound of flesh in capital gains from sales of metal and not the metal itself. Dealers have to report sales of a significant (to me) amount of metal at any one time but don’t have to report purchases.

At this point in time I still have every ounce of either I have ever bought and I inherited a lot of gold that was bought in the 70’s and those records were lost a long time ago. All seeing Caesar really has very little idea as to who has what and it probably bothers him.

 

[AuEagle]

Midday Tuesday.
Gold $2641.00
Silver $31.68
GSR 83.5/1

Homepage | GoldSeek

goldseek.com