The best way to tell the government BLANK you. Buy some gold and silver. Liberating feeling.
I wish I had 4k. $#@!, I wish I had $40 bucks. Im broke, as usual, until payday, when I can spend it on my bills and the fewer things than I coudl buy with that same paycheck last week.
1776 > 1984
The FAILURE of the United States Government to operate and maintain an Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.
The Elimination of Privacy is the Architecture of Genocide
Belief, Money, and Violence are the three ways all people are controlled
Originally Posted by Zippyjuan
Nice work! I have 0 faith in the US Govt.
I'm going long on paper mill stocks.
Pfizer Macht Frei!
Openly Straight Man, Danke, Awarded Top Rated Influencer. Community Standards Enforcer.
Quiz: Test Your "Income" Tax IQ!
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The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes
The Federalist Papers, No. 15:
Except as to the rule of appointment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.
Haha^^
since the us dollar isn't really paper from wood pulp, it's mostly cotton and linen... best buy up cotton futures.
My precious...
Spread the word: Gold as Unpegged Legal Tender (GAULT) | PMBug's Vault (Articles)
How about buying up all the old silver certificates and redeeming them at the treasury for silvahhhhhhh?
Isn't there something in the health care bill that says all gold purchases have to be reported to the government starting soon (date?)
Seems like history is getting ready to repeat itself with gold confiscation.
-t
Maybe they know they're going to have to revalue it to $5k/ounce to stop a currency war, and after doing so, want a way to recoup some of the extraordinary gains a lot of mundanes may realize from it via taxation?Isn't there something in the health care bill that says all gold purchases have to be reported to the government starting soon (date?)
Seems like history is getting ready to repeat itself with gold confiscation.
-t
"Your mother's dead, before long I'll be dead, and you...and your brother and your sister and all of her children, all of us dead, all of us..rotting in the ground. It's the family name that lives on. It's all that lives on. Not your personal glory, not your honor, but family." - Tywin Lannister
It's not limited to gold. Any transaction more than I believe, 600 dollars, has to be reported.Isn't there something in the health care bill that says all gold purchases have to be reported to the government starting soon (date?)
Seems like history is getting ready to repeat itself with gold confiscation.
-t
Ah yes but tragic accidents happening, boating accident...they fell over!Isn't there something in the health care bill that says all gold purchases have to be reported to the government starting soon (date?)
Seems like history is getting ready to repeat itself with gold confiscation.
-t
Dog ate my coins! OMG
I gave them away....etc...
So good luck collecting what I don't have
yeah I had been saving up for some time when all this went through. I will not let leeches just suck me dry. So I am trying to move it to a safer place(what little I got).
How did you buy $4k of gold? Isn't it illegal to buy just plain gold and save it? I thought only gold in jewelry or whatever was legal to own for us common folk peasants...
I have been thinking about taking the tiny bit of money I have saved and buying gold and/or silver with it, but I don't know how to do that really? Or if I should?
Although I'm guessing once we get into hyperinflation, which is coming sooner or later, even just buying gold and silver jewelry will be better than saving paper money in the bank like I'm doing right now.
Btw, my very mainstream self-described classical economist economics professor even thinks the U.S is headed for hyperinflation, of around 8%-14% sometime around 2012-2014. I found that interesting because it is my feeling as well.
I do not think that will be our coming dollar crisis however, but the results of current policies to supposedly help the economy.
I GOT MY BUSINESS MANAGEMENT SCIENCE DEGREE IN MY HANDS AND RAN!!!!!!! THEY'RE NEVER GETTING IT BACK!!!!!!!!!
"It is dissent from government policies that defines the true patriot and champion of liberty."
- Ron Paul
Its more than I got.
Just out of curiousity, is your gold real actual physical in your hot little hands gold, or some piece of paper representing your ownership of gold?
1776 > 1984
The FAILURE of the United States Government to operate and maintain an Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.
The Elimination of Privacy is the Architecture of Genocide
Belief, Money, and Violence are the three ways all people are controlled
Are you kidding? You need to visit you local coin shop.
Jewelry is not an investment. You will be paying in the neighborhood of 10x melt value of the metal in it. If you want to invest in gold/silver, buy bullion (which is the same thing as coins).
Recommended reading: http://the-moneychanger.com/commandments.phtml
Spread the word: Gold as Unpegged Legal Tender (GAULT) | PMBug's Vault (Articles)
Here's my story. We've been buying gold and silver for about 10 years now. Actually most of the gold came from Kentucky when my husband was working there. Mostly nuggets, some coins. Silver, mostly eagles. Anyway, at the end of July, my neighbor and his brother, who are always wheeling and dealing something. and pretty much drunk every night, came over and said look what we have. They had a silver eagle set of 18 coins, in an album, dated 1980 thru 2009. They also had 8 loose ones. They offered them to me @ $15.00 a piece. Sold..Cash money $390.00. A few days later they said that I got a good deal cause silver was up over $18.00. Well, duh. I told them you needed the money and I had the cash. Case closed.
A provision in the Health Care bill will be requiring coin shops (et. al.) to issue (and report) 1099s for transactions over $600 in 2012, but it's not in effect at the moment.
http://www.cato-at-liberty.org/2010/...o-health-bill/
Speculation is that this is a baby step towards implementing a VAT tax:
http://www.zerohedge.com/article/guest-post-i-smell-vat
Currently, there is a $10K reporting requirement:http://www.certifiedmint.com/myths_lies.htm...
If payment is made by cash greater than $10,000, however, it becomes a "cash reporting transaction." It is not the gold that the government wants reported but the cash. Such reporting applies to all business transactions involving more than $10,000 cash.
Regarding cash transactions, Official General Instructions for IRS Form 8300 read: "Who Must File. - Each person engaged in a trade or business who, during that trade or business, receives more than $10,000 in cash in one transaction or two or more related transactions must file Form 8300. Any transactions conducted between a payer (or its agent) and the recipient in a 24-hour period are related transactions.
This regulation applies to cash - greenbacks, paper money. It does not apply to personal checks, wire transfers, or money market withdrawals. When cashier's checks or money orders are involved, cash reporting may be triggered.
Form 8300's General Instructions define as cash "a cashier's check, bank draft, traveler's check, or money order having a face amount of not more than $10,000." Using a cashier's check less than $10,000 would be a "cash transaction," but it would not be reportable because it is less than $10,000. However, two cashier's checks, each less than $10,000 but totaling more than $10,000 for a single purchase, would be considered cash and subject to reporting.
Further clarification: If an investor makes a $15,000 investment in gold and pays with a single $15,000 cashier's check, it is not reportable. If, however, he pays with two or more cashier's checks each less than $10,000, the dealer would be obligated to report.
Cash reporting requirements were not written specifically for the precious metals industry but for all businesses. The purchase of a car, boat, or jewelry, and payment with two cashier's checks, each less than $10,000 but totaling more than $10,000, would be a reportable transaction.
Another example: an investor agrees to buy precious metals totaling more than $10,000, again say $15,000, and wants to make payments with money from two accounts. If the investor withdraws $8,000 from the first account and gets a cashier's check, and then gets another cashier's check for $7,000 from the second account, the transaction becomes reportable. A purchase of $30,000 and payment with two $15,000 cashier's checks would not be a reportable transaction. The significant amount is $10,000.
Personal checks or checks drawn on the payer's own account are not considered cash. Form 8300's General Instructions read: "Cash does not included a check drawn on the payer's own account, such as a personal check, regardless of the amount."
...
Spread the word: Gold as Unpegged Legal Tender (GAULT) | PMBug's Vault (Articles)
I got in coming in mail physical. I don't think I will buy more. This in addition to what I already have is like 40% of my savings. I will wait and see what happens next. I have been living very frugaly saving for a house, and now I am worried it will get wiped out. Really sucks.
Thanks, Bern. I was thinking it went into effect in 2011; at least glad to know it's not until 2012.
Would you explain this though. I don't get the rationale. If they're trying to track cash, why would they care about the 2 cashier's checks less than 10K, but not care about the one for 15K?
Further clarification: If an investor makes a $15,000 investment in gold and pays with a single $15,000 cashier's check, it is not reportable. If, however, he pays with two or more cashier's checks each less than $10,000, the dealer would be obligated to report.
Last edited by LibertyEagle; 10-14-2010 at 06:52 AM.
I am pretty sure it is January 2011.
"The journalist is one who separates the wheat from the chaff, and then prints the chaff." - Adlai Stevenson
“I tell you that virtue does not come from money: but from virtue comes money and all other good things to man, both to the individual and to the state.” - Socrates
I know the sweet feeling of buying goldI buy coins myself. Have about 115 grams now (almost 4 ounces). I buy silver coins too (1.2 kilo right now) but here there is VAT tax on silver. Only gold is exempt.
No it is 2012 just checked to make sure
I don't know. I didn't make the law.
Spread the word: Gold as Unpegged Legal Tender (GAULT) | PMBug's Vault (Articles)
That sounds like a good question for Live_Free_Or_Die. According to him, any time there's an inconsistency in the law, it results from a vast segment of society having some belief that that law codifies.
http://www.ronpaulforums.com/showthread.php?t=264098
So apparently there must be a vast segment of society that thinks the government needs to track single cashiers checks above $15k, but not pairs of cashiers checks of $10k each.
It's most likely the Christians who are behind this.
Last edited by erowe1; 10-14-2010 at 04:07 PM.
I'm more into buying real estate than precious metals, but I'll probably buy a little bit in precious metals so as to have a more transferable item in the worst case scenario.
Which is stupid because all anyone needs to do is buy in increments of 599.00 to avoid reporting. Yeah it's a hassle but whatever it takes to work around the tyranny.
We have our money in junk silver for trading purposes, and numismatic gold for wealth protection, because numismatic probably won't fall under any confiscation laws. Since we first bought, our coins have gone up almost 400.00 a coin.
Diversity finds unity in the message of freedom.
Dilige et quod vis fac. ~ Saint Augustine
"I'll believe in good cops when they start turning bad cops in."
I'm not an expert on this subject, but I believe that the 600 threshold isn't limited to a single transaction. It might be the sum total over the course of a month, for example - requiring the shop owner to keep records on practically every sale. Again, I'm not entirely sure about that.
Spread the word: Gold as Unpegged Legal Tender (GAULT) | PMBug's Vault (Articles)
I'm going to retract this until I find a good source to back up my statement.
Last edited by Original_Intent; 10-14-2010 at 02:10 PM.
"The journalist is one who separates the wheat from the chaff, and then prints the chaff." - Adlai Stevenson
“I tell you that virtue does not come from money: but from virtue comes money and all other good things to man, both to the individual and to the state.” - Socrates
Well, at least PM me and tell me what you wrote. I'm curious.
Diversity finds unity in the message of freedom.
Dilige et quod vis fac. ~ Saint Augustine
"I'll believe in good cops when they start turning bad cops in."
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