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Who reports bullion purchases to the feds?

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Nickelless
Administrator

USA
5580 Posts

Posted - 04/27/2008 : 22:30:14

In the e-book I just downloaded from constitutionmining.com, it says that bullion purchases in the U.S. are reported to regulatory authorities. Is this for real? If so, how large does a transaction have to be before it's reported? Who isn't required to report bullion transactions?

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moboman
1000+ Penny Miser Member

USA
2555 Posts

Posted - 04/27/2008 : 23:08:13

Hmmm. Every coinstore I have been too I got a handwritten receipt, since I paid cash. I always thought that receipt slipped into the garbage can.

Now at a coinshow, the seller puts the money right in his wallet... I bet that gets reported :D.

I've never sold any Bullion, so I've never had to report it.

"99% of all lawyers give the rest of them a bad name"

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