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Thank you, Ken. This is precisely what I'm seeing online as well, so it's evidently a very gray and evolving area... I've heard $600, $10,000, 1000oz of silver, 25 oz of gold, and sundry other numbers... I'm just trying to find out which it is for real.Originally Posted by ChunkyMonkey
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Sawin - Feedback thread.
There are alot of stories being told by crappy companies such as goldline, but these are sales pitch to sell 'collector' value. Keep in mind, US Congress removed president's authority to regulate gold and silver in 1977.
Proceed as you were to purchase any other valuable item. If it's in record, who says that the big brother will not come and confiscate it one day. If it's a huge profit, it is your responsible to report it as income. No difference from any other item such as guns (well at least prior to July 1).
Current laws/regs/etc regarding reporting are a moot point. You know the Administration of the day will back-door new rules and regs BEFORE they publicly announce any confiscation, especially if it's the filthy s#!tbags in office right now.
haha, well that's undoubtedly a true statement.
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Sawin - Feedback thread.
^This. Even if it's under a tax code somewhere, many of those are being revised right now due to O-care... What is it now? The O-care "law" is over 12 Million words now? And it's not finished yet.
http://disciplejourney.com
“Make men large and strong and tyranny will bankrupt itself in making shackles for them.” – Rev. Henry Ward Beecher (1813-1887) US Abolitionist Preacher
CIPCIP
Well there we have it gents. All this confusion and bickering is Obamacare's fault. Rightfully so.
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Sawin - Feedback thread.
Yeah, but if you read the fine print on page 28404 section 8, it says:
"All Bush's fault"
A word from Richard Russell today: http://kingworldnews.com/kingworldne...6_Mankind.html
A few thoughts about gold. Never buy gold for a profit, gold is a measure of wealth. Count your gold holdings in the number of ounces, not the current worth in dollars. You don’t price the home you live in every day, or with each passing week. Nor should you price your gold holdings in dollars with each passing day. Gold is a timeless wealth asset; an asset that will have a value with the passing of time.
Remember this: Of the original issues that made up the Industrial Average, only one remains. And that stock is General Electric. And what happened to all the rest? In investing, nothing is permanent except gold. But remember, do not buy gold with the idea of making a profit. Buy gold because it is pure wealth, and may be the last man standing.
Late Notes -- With gold down 3 points today, the gold mining stocks were all down. This is tax loss selling. Keep your eye on the bullion price. The Dow continues to push up as expected, although warnings are coming out of the woodwork from every direction. Money managers are afraid to leave the festivities so they will stay with the market until the bitter end.
Remember that megaphone pattern in the Dow? We're now at the upper trendline. This could take the Dow as high as 17,000 to complete the pattern.
http://disciplejourney.com
“Make men large and strong and tyranny will bankrupt itself in making shackles for them.” – Rev. Henry Ward Beecher (1813-1887) US Abolitionist Preacher
CIPCIP
Quick question for you guys. Those of you that buy monster boxes/ tubes of Eagles, where do you order them?
Locally. Most local dealer can order it for you. More expensive than online, but if you are nice, no receipt or tax
Or you can buy 20 tubes at the time to keep it under $10k threshold.
Call All American coin and jewelry on south broadway. One man shop.. Easy to deal with.
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