Posted by: arnegrim | August 19, 2010

Coin collectors beware

Obama is coming for you to pay for Obamacare.

“In 2300 pages of edicts and exceptions is embedded Section 9006, a provision forcing gold and silver coin and bullion dealers to report the name and address of anybody buying or selling $600 or more of gold and silver coins or bullion, and the date of transaction.  Reporting to the IRS begins January 1, 2012.  The IRS estimates it will deliver $19 Billion in new taxes over 10 years.  The money will help pay for the universal health care we’re expected to embrace.”

Placer Sentinel Volume 21 Issue 7

Looks like those who buy gold to secure their future (expecting the $ to lose value) will lose some of their financial advantage by paying the IRS… although I’m not sure how they can legally tax someone who buys gold… unless they’re also going to start taxing savings accounts.

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