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Gold/Mining/Energy : Gold Price Monitor

GDXJ 92.99

+2.9%

Nov 7 4:00 PM EST

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To: Alex who wrote (71437)	6/10/2001 2:45:23 PM
From: goldsheet	Read Replies (2) of 116753

The reporting is a US law intended for reporting cash transactions over $10,000, but it indirectly provides the US federal government with the names and addresses of those buying bullion. It gets reported on a Form 8300. There are also rules regarding a dealer buying coins/bullion reported on a 1099B to the IRS, so you pay your capital gains taxes. Individual states also have very confusing rules regarding sales tax on bullion. There may be similar Canadian banking or tax laws regarding the reporting of cash which may affect buying/selling bullion. I will see what I can find, and get back to you. Here's some good information on the US rules: certifiedmint.com

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