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Technology Stocks : Y2K (Year 2000) Stocks: An Investment Discussion -- Ignore unavailable to you. Want to Upgrade?


To: IngotWeTrust who wrote (12673)8/11/1998 9:09:00 PM
From: sibe  Read Replies (1) | Respond to of 13949
 
I checked with several precious metals dealers and they tell me that no tax form will be needed for purchases of gold coins under $10,000 CASH. Also, if the buyer writes a check for any amount, even over $10,000, there is no form submitted to the IRS. Some dealers told me (privately, of course) that they were willing to bypass the IRS forms completely.

I only bring up the above because I think that a lot of hidden money in secret bank accounts around the world will be used to buy precious metals. The holders of the accounts will be concerned, justifiably or not, that their money in offshore banks will not be Y2k safe, and they will also want to shield their assets from government taxes.