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To: Claude Cormier who wrote (35829)	4/8/2010 9:59:14 PM
From: Cogito Ergo Sum	Respond to of 233818

They better change their name to Gold Assets :O)

To: Claude Cormier who wrote (35829)	4/8/2010 10:59:55 PM
From: Proud Deplorable	Respond to of 233818

I'm very well versed on this and believe me, if money was sent to them and an acct opened and then transferred to gold holdings (irrelevant) then the person has an interest in a financial account. It doesn't matter what the investment is Claude. It's still a financial account. If it has any kind of number then its an account. There is no getting around this in any way. Capital gains and losses on metals is still taxable but overlooked usually if in physical form because it is considered personal property but paper metals in ETFs or other vehicles....no way Jose. From their site "Procedures and forms for verifying your identity and opening your account" goldmoney.com Sorry but James isn't powerful enough to "fix" anything. It is what it is....an account. Anyway most Americans know this law already and to try to circumvent it puts them at odds with Homeland Stupidity Dept and subject to fines and there is no longer any amnesty available, there was but its over. A United States "person" living in the US who is not filing these reports is in BIG trouble now. A US person residing in a foreign country for a long time and maybe even a citizen of another country as well might feign ignorance and file anyway with an explanation and that will probably cause them to ignore it BUT if they catch you FIRST, you are screwed This is the best reason for owning physical gold as it becomes personal property. If you have any questions about this then contact David Ingram as he knows more than any lawyer. If he says its OK not to file then that's the last word. centa.com Although he lives in N Vancouver he is the worlds foremost expert on US taxes. He properly interprets US taxes for IRS people as well who don't understand their own tax codes (what a surprise) but keep in mind that this FUBAR thing has nothing to do with the IRS