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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 08/16/2009 : 11:22:17
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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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Copper Catcher
Administrator
USA
2092 Posts |
Posted - 08/16/2009 : 12:31:25
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| Ok.. assuming this is true what do you think this will mean for the price of silver and gold and why would the government do this? What is the benefit to them? Drive the price of bullion bars down so they can buy and then use to back up treasury purchases? Please explain. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 08/16/2009 : 16:30:04
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I have no idea why the government would do this. Have you heard anything more?
I saw this on SilverSeek today. There is also a thread on the Kitco Gold forum. I have not found any definitive corroboration from IRS rulings yet.
Bob Chapman, whoever he is, believes that this would drive down the price of silver/gold for a very short timeframe. This could be another internet rumor, but I wondered about the ramifications if it were true. |
---> 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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Edited by - Country on 08/16/2009 17:05:43 |
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Oldpagan
Penny Sorter Member
USA
62 Posts |
Posted - 08/19/2009 : 17:12:00
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| This just backs up the "If you don't hold it you don't own it" saying for me. I'll buy and stack and the .Gov need not know what I have. |
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Warning of new IRS tax on bullion in Rtrmt Accts
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