NFRs2000NYC

First off, there are PLENTY of places you can sell bullion for straight cash. No one is going to know squat. Second, if you sell to an accredited dealer, just sell smaller chunks at a time. With gold, the 1099s come out when you sell 1kilo+.

It's like a casino. Say you sit down with a $1000 at the blackjack table and turn it into 100K. Casinos hand out 1099s when you cash in more than 10K in chips in a single round. So as you can imagine, grab a room for the night, and cash in 9000 at a time, and you are all set.

Thats the beauty of gold....it's untouchable.

P.S. Everything you said is technically correct. However, why drive straight on a highway when you take take a mountain road?

magician

Of course, you're talking about all of this in the abstract. You would never engage in any behavior that could be construed as tax evasion, right?

philbert

and this is coming from the guy who doesn't trust government... perhaps it's government who shouldn't trust you...

in other news, a local strip club owner was just arrested after federal agents seized $12mln in unreported cash kept in bags in a warehouse across the street from one of his establishments...
http://www.chicagobreakingnews.com/2010/11...violations.html

NFRs2000NYC

Of course! Nevermind the fact that printing of money and income taxes are illegal. We the people must do as we are told, regardless what the government does....pay your taxes everyone!

NFRs2000NYC

Reading comprehension....your first sentence makes
No sense. I've been paying taxes, lots and lots of taxes for a
very long time. I have never evaded anything and have been raped time after time by the government. Not gonna happen again. Enjoy being broke.

magician

They're not.

That's a specious argument that's been tried and found wanting multiple times.

Sorry.

SlowTeg

Understood, and trust me, I 100% understand where you're coming from. Why should we as citizens have to pay capital gains just to keep the current "value" of our money? We shouldn't. The 25% or is it 35% tax rate on gold is ridiculous. Like I said, I can certainly understand anyone's perspective who's going this route. I guess I shouldn't be surprised about folks not issuing 1099's/etc, as markets will always exist out of site from the government. Anytime you restrict something, you're just encouraging a black market for it.

rwheelz

NFR you make quite an argument. You really have me thinking!

NFRs2000NYC

Its not an arguement even. Anyone with any common sense should understand that the goverment or A government canNOT just print money as they please. Obama just spend TWO BILLION dollars on his trip to Mumbai. TWO billion. Now, normally this type of idiocy would require him to take from the pool of taxpayer money, however, that pool no longer exists. So, he printed it.

Hell, I lived through it. My grandmother and family escaped from the concentration camps because she bribed someone with a piece of gold. When things are REAL bad, that's the only thing that's worth money, not some paper that SOMEONE says is worth something.

Again, I lived through it in Russia. A ruble was 1 - 4 with the dollar, then one day, after the collapse, 10000 rubles bought you a tank of gas. Americans think that "this can never happen here." I assure you, it CAN and it WILL.

NFRs2000NYC

Take a look at this photo. This is Weimar Republic in Germany in the late 20s.



Money became worthless. People were burning money to stay warm. Don't think what I am saying is unheard of. Unfortunately for everyone, it's happened before....many times.