Are you for or against universal Obama care? Whether you like the new law in motion for health care, there is a problem deep embedded into the dreadful 2000+ page health care bill. Covered and hidden is the gold and silver tax, section 9006. How else do you think the government would fund this new universal health care?
Everybody who has precious metal investments need to take notice of Section 9006 of the Patient Protection and Affordable Care Act. Hidden away in that tangle of financial provisions is a law that will make every one of our gold and silver transactions known to the IRS. This law will require you to report in forms of 1099's into the IRS of any transaction over $600 during a calendar year.
Ever since Nixon gave American citizens the privilege of privately holding gold by repealing the prohibition against it, we have zealously fought to keep the government out of our investment transactions. We have seen what happens to private wealth when a government is starved for hard assets.
Now, as our government is in just such a state, it has given itself the means to monitor movement of even the smallest quantities of bullion and numismatic gold.
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Learn how to properly diversify your portfolio with the proper position of gold and silver. At US Gold and Silver Advisors we are constantly analyzing and monitoring global trends and conditions. Using that information, we keep our clients well positioned in the safest and most financially rewarding segments of the gold and silver market.
