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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 08/11/2009 : 10:35:41
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---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
Theodore Roosevelt
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 08/11/2009 : 10:51:52
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| I will take US silver over China silver I think US will be better investment in the long run. Bars look nicer also. |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/11/2009 : 10:54:01
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| I think they are finally giving their own people a chance to own silver, so when their government needs money. They can simply take it away from their people. Why waste the governments money, when you can sucker your sheep into buying it for you. |
Trolling is an art. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 08/11/2009 : 10:59:44
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quote:
Originally posted by Neckro
I think they are finally giving their own people a chance to own silver, so when their government needs money. They can simply take it away from their people. Why waste the governments money, when you can sucker your sheep into buying it for you.
I hope that's not what we are doing in the USA. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
Theodore Roosevelt
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 08/11/2009 : 16:19:37
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quote:
Originally posted by Country
quote:
Originally posted by Neckro
I think they are finally giving their own people a chance to own silver, so when their government needs money. They can simply take it away from their people. Why waste the governments money, when you can sucker your sheep into buying it for you.
I hope that's not what we are doing in the USA.
I seriously doubt that would happen here, but, never say never. I don't fear physical confiscation any where near as much as I fear a more back door approach.
Taxation, regulation, licensing and documentation is what makes me nervous.
The State could mandate all PM's have to be registered, owners must purchase renewable licenses and permits to own, transfer and store PM's. Fully disclosing all transfers. With the mandatory book keeping and actual metals available for inspection at any time by the authorities.
There would be;
Storage taxes
Holding taxes
Transfer taxes
Profit taxes
Registration fees
Inspection fees
Document fees
Transportation fees
Non registered PM's would become contraband. Undocumented transfers would be illegal. Confiscated on site with out compensation, or just a huge penalty fee.
The possibilties are endless...
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redneck
1000+ Penny Miser Member
1273 Posts |
Posted - 08/11/2009 : 16:28:17
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quote:
Originally posted by Bluegill
quote:
Originally posted by Country
quote:
Originally posted by Neckro
I think they are finally giving their own people a chance to own silver, so when their government needs money. They can simply take it away from their people. Why waste the governments money, when you can sucker your sheep into buying it for you.
I hope that's not what we are doing in the USA.
I seriously doubt that would happen here, but, never say never. I don't fear physical confiscation any where near as much as I fear a more back door approach.
Taxation, regulation, licensing and documentation is what makes me nervous.
The State could mandate all PM's have to be registered, owners must purchase renewable licenses and permits to own, transfer and store PM's. Fully disclosing all transfers. With the mandatory book keeping and actual metals available for inspection at any time by the authorities.
There would be;
Storage taxes
Holding taxes
Transfer taxes
Profit taxes
Registration fees
Inspection fees
Document fees
Transportation fees
Non registered PM's would become contraband. Undocumented transfers would be illegal. Confiscated on site with out compensation, or just a huge penalty fee.
The possibilties are endless...
Don't give them ideas...
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/11/2009 : 16:28:35
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| What if the PM's are imaginary? |
Trolling is an art. |
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redneck
1000+ Penny Miser Member
1273 Posts |
Posted - 08/11/2009 : 16:38:23
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quote:
Originally posted by Neckro
What if the PM's are imaginary?
I would "imagine" the penalties would be even worse...
How dare you...How dare you have thoughts of riches and splendor !!!
Those are reserved for the elite....
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 08/12/2009 : 02:19:24
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| I saw and bought some Silver Pandas in Beijing. I would not say there was a massive rush on them by the locals. They did have a very cool room dedicated to gold bullion. All seemed to be in grams - credit suisse etc bars. |
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man. George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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China Encourages Silver Bullion for Investment
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