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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: marynell who wrote (2488)	10/5/2001 2:51:03 PM
From: que seria	Read Replies (1) of 4051

marynell: I'm sure our gov't is capable of confiscating gold and controlling price of US mine output. That's part of my rationale for keeping my gold stocks mostly Canadian and having zero physical gold. If the feds try to tax out of existence my profits on foreign stock holdings, it would amount to an excess profits tax on domestic holders of foreign companies based upon foreign production. I don't underestimate the feds' willingness to stick their gigantic snout where it does not belong, but I think that course of action would be going too far for US courts. US courts will defer to plausibly Constitutional statutes and regulations, but regulating the price of gold worldwide and denying US citizens the benefit of owning shares in foreign gold companies is outside any Constitutional brief. I would sue, as would many thousands of others. I would like to hear from any Canadians who have any historically informed view whether the Canadian gov't would try to take the fruits of their investments from local or foreign shareholders in Canadian gold producers. I would assume pressure from the US to do so.

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