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What say you?
I find it interesting that the left is going after one of the top rated gold sellers instead of the shady outfits that I'm sure are out there.
There is very little left for people to invest in that will maintain any kind of value and they know it. In order to gain complete control over the populace, they have to control our wealth.
I heard that the IMF has a lot of gold reserves, enough to manipulate the market if they want. Wondering if silver wouldn't be a better way to go.
CL, perhaps you can clarify something for me. Gold is a little out of my league for the time being although I do invest in silver. I have never had to fill out any sort of tax forms for my purchases. Is gold the same? At least until the signing of the health care bill? If so, then I see the health care gold tax not as a profit windfall for the IRS but, rather as a list of names and addresses of those that will be paid a little visit by the gold collectors when our DC overlords can no longer maintain the facade of our "magical currency".
Yes, it is new. You're exactly right too, it's a list of names and addresses. They're tracking what you do.
[...] lively discussion in the comments below, including a link to the Classic Liberal, who discusses the difference between bullion coins — sold for the per-ounce value of their gold content — ... sold for their value as collectibles. The later category seems to be where concerns about ripoffs [...]
You don't think the silver market is manipulated? Probably worse.
http://www.marketwatch.com/story/jp-morgan-hsbc-sued-for-silver-manipulation-2010-10-27
What gets me is that if the gold is such a good solid investment to exchange my (your) cash for then why would this company be willing to let go of the gold for some of my potentially useless cash? Are they doing it as a favor for the general public? it is obvious that if it was better to have gold rather than cash then they are crazy to sell the gold. Or do they know the gold prices will drop and you will hold gold worth half or less than what you paid giving them a huge profit...the latter seems more likely to me because I doubt the are doing this to be charitable.