Wednesday, September 12, 2012

The Approaching Black Market for Precious Metals | Shenandoah

The Approaching Black Market for Precious Metals | Shenandoah

Imagine a world where the average Joe Schlub walks into his favorite coin dealer and asks his friendly retailer, “Hey Mike, can I buy a roll of silver American Eagles off of ya?” Before Joe can whip his wallet out, the retailer slides a government tax form in front of him and states, “Sure, just as soon as you fill this form out, provide two forms of certified identification, fill out this bank statement release form, and a thirty-four percent down payment to be held until the U.S. Government finishes verifying that you will not be using this purchase to hide assets and agree to pay any taxes due on realized or unrealized gains for owning this precious metal.”

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