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Title: This Is the Only Way to Buy Gold Without the Government Tracking You
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URL Source: http://www.caseyresearch.com/articl ... ut-the-government-tracking-you
Published: Feb 26, 2016
Author: Casey
Post Date: 2016-02-26 13:10:41 by NeoconsNailed
Keywords: None
Views: 251
Comments: 13
(This reads like one of those long promotions that ends with a link to buy the info -- but Doug, being Doug, just gives it away right in the text. You won't believe how ingeniously simple it is. NN) If you’re buying gold right now…the government could be tracking you. If you’re buying gold, you’re likely not doing it to make money. You’re buying it to make sure you don’t wake up poor one day. Gold has been used as money for thousands of years because it is easily divisible, easily transportable, has intrinsic value, is durable, and has consistent form around the world. And, as Doug Casey reminds us, it's a good form of money because governments can’t print it on a whim. You can't “Bernanke your way” to wealth with gold. When today’s dramatic central banking experiment blows up, gold will hold its value… unlike paper currencies such as the dollar. That’s exactly why the government will try to take it from you. The last time the government confiscated gold was during the Great Depression. In 1933, President Roosevelt outlawed owning most forms of gold. He claimed that people “hoarding” gold were making the Great Depression worse. The penalty for not turning your gold in to the government was a $10,000 fine and 10 years in jail. Of course, Roosevelt gave his closest supporters notice before issuing the ban. They had time to move their gold to another country. Most folks weren’t that lucky. This time around, the confiscation will be digital. Most people own gold through a fund like Sprott Physical Gold Trust (PHYS) or Central Fund of Canada (CEF). The former will give you physical gold in exchange for your shares, once a month, if you own enough shares. The latter won’t give you the physical gold. Because this gold is owned through a brokerage account, it will be easy for the government to confiscate. What about physical gold? If you bought it from a dealer and paid with a wire transfer, the banking regulators have plenty of documentation. They’ll likely let you keep the gold. But it will be illegal to trade. If you don’t obey, you’ll be subject to a 99% tax on its value. But there’s one way to buy gold so the government can’t track you. I’ve been doing it for years. You can do it, too. It’s buying at a locally owned jewelry store. These stores get a few common gold coins in every week. If you know what you’re looking for, it’s a great way to buy gold with cash. However, the window of opportunity is closing quickly. In fact, I went to buy gold today…and saw this new sign........... 
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#1. To: NeoconsNailed (#0)
Give me a break; what false blarney. Metals dealers don't report any transaction under 10K. Anyone buying jewelry instead of coins needs to smarten up. “The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
IRS 1099-B reporting requirements via TexMetals- https://www.texmetals.com/sell-gold- coins Apparently only sales are reported to the IRS over a certain amount (typically 25 Toz for gold), not purchases. Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner. Smarten up -- he's not saying to buy jewelry, duh. And I suspect he's more conversant in this subject than you.
OK, re-reading I see; but I don't need to go to a JEWelry store to see if they have a few coins.
“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
You don't, others just may find the information of use. Believe it or not!
Yep, trust texmetals.com to know right and do right for us, not the shylock on the corner.
“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
When you buy from a dealer the government has or can obtain a record. I have been purchasing gold, silver, an platinum from Ampex since 2006 and under my account that is to me on the internet with my password, every purchase I made is listed. Perhaps, if I had purchased enough to really matter, I should report a theft to the police. (Mr policeman, I keep it at home because I never told anyone except several members of my family and I though as long as no one knew about it, no one would steal it.) A way to buy gold and for the government not to know about it, is to purchase gold coins at gun shows and pay in cash. Even then, there may be a video. Going to gun shows away from the city you live in and a slight disguise or big dark glasses and a cap would make finding you, not impossible, but much too expensive. Singapore is a good place to buy and store gold and likely would keep your privacy from the US government. However, all payments you made would be recorded by banks, Western Union, etc.
As has been often said, if you don't hold it, you don't own it. Please take delivery of your metals everyone. “The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
Very interesting input -- thanks. My less impverished friends are looking for a way to buy 6 figures worth privately. SwissAmerica et al swear they don't report, but of course the govt keeps track of all large transactions and if they're cash they regard you as a drug dealer (try to prove a negative). Am told they regard gold and silver coin as cash now in so many words -- having or using a large quantity of it is no less a confession of criminality in the govt goons' depraved view. --------------------------------------------------
Basically I agree. However, it might be good to have some outside the USA. When the Government and the Federal Reserve eliminates physical dollars and make all dollars digital, they don't don't want people using gold and silver as money. Therefore, the Government might pull another FDR and require all citizens to turn in their gold subject to 10 years in prison and a $5 million (the present value of $10,000 when FDR confiscated gold).
Do you honestly believe that people today will just hand over their metals?
“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken
Without any doubt; for the same reason people pay taxes. After every day for a couple of months showing on TV people being sent to prison for ten years and given million dollar fines, the holdouts will be terrorized in to giving up their gold.
Now there's a man who really understands 21st-century amerikans. ---------------------------------------------
#2. To: Lod, 4um (#1)
(Edited)
Metals dealers don't report any transaction under 10K.
Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner.
My Man Godfrey (1936)
#3. To: Lod (#1)
#4. To: NeoconsNailed (#3)
#5. To: Lod (#4)
(Edited)
#6. To: Esso (#2)
#7. To: NeoconsNailed (#0)
#8. To: DWornock (#7)
Singapore is a good place to buy and store gold and likely would keep your privacy from the US government. However, all payments you made would be recorded by banks, Western Union, etc.
#9. To: DWornock (#7)
#10. To: Lod (#8)
As has been often said, if you don't hold it, you don't own it.
#11. To: DWornock (#10)
#12. To: Lod (#11)
Do you honestly believe that people today will just hand over their metals?
#13. To: DWornock (#12)
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