09-30-2010, 08:07 PM
no, no, no, no, all gold and silver has to be turned in .
$600.00 maximum per person as of 2012.
Obama anti-hoarding amendment coming before then, just like Roosevelt's. :devil:
starting on January 1st in 2012, U.S. federal law will require coin and bullion dealers to report to the Internal Revenue Service all gold and silver coin purchases and sales greater than $600.
Just another section of 1099 applied to anything over $600.00 that's going to create a mountain of paperwork if it doesn't get amended.
$600.00 maximum per person as of 2012.
Obama anti-hoarding amendment coming before then, just like Roosevelt's. :devil:
starting on January 1st in 2012, U.S. federal law will require coin and bullion dealers to report to the Internal Revenue Service all gold and silver coin purchases and sales greater than $600.
Just another section of 1099 applied to anything over $600.00 that's going to create a mountain of paperwork if it doesn't get amended.