Friday, July 16, 2010

Health Care Bill: All Gold Coin Sales Over $600 to Be Reported to IRS!

Gold bugs will be having heart attacks soon. Buried in the Health Care bill:

"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". (Daily Pfennig, July 16)

At least this time there's nothing about wooden arrows in the sausage, or maybe there is!

Thanks to Seamus for the tip.

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