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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (64876)	7/25/2010 7:28:27 PM
From: Follies	8 Recommendations Read Replies (3) \| Respond to of 217699

I see some folks around SI are fussing about the new USA tax reporting on gold coin sales. What were they thinking when they bought all that gold? That they could sell it and not pay the capital gains tax? Most everyone in USA wants free wars, roads, healthcare, retirement, etc but no one wants to pay the taxes! First of all the reporting is not specific to gold, it is any business selling $600.00 of more to another business. So any landscaping company that purchases a $700.00 lawn mower from Home Depot is required to send HomeDepot a 1099. That's absurd. Second, even if it was specific to gold there is the question of privacy, why shouild the government know who purchased gold (or guns)? to confiscate them? Third, there is no gain with capital gains, it is a result of the devaluation of the currency. Why should we be required to pay gains that are purely the result of the debasement of the currency by the government? Fourth, I am very willing to pay for wars, roads , my healthcare and my retirement. But clearly I am being asked to pay for others healthcare and retirement and I am not talking about the poor, I am being asked to pay for outrageous healthcare and retirement packages for government employees who have significantly better packages than the private sector. That is wrong.

To: Snowshoe who wrote (64876)	7/26/2010 4:48:25 AM
From: TobagoJack	2 Recommendations Respond to of 217699

<<What were they thinking when they bought all that gold? That they could sell it and not pay the capital gains tax? Most everyone in USA wants free wars, roads, healthcare, retirement, etc but no one wants to pay the taxes! It's absurdly comical! <g>>> despite the tightening of the tax regime and the closing of capital holes, the souls wishing to retain a modicum of sovereign standing should engage with and embrace still more gold, for all we are doing is witnessing the quite predictable progress of fiat money inflation, mob tyranny, blame everyone but self momentum, and the dying of money. alan greensputin equated gold with economic freedom, and the officialdom is tightening the taxing noose around same economic freedom. not good.