Gold confiscation – it’s a myth that too many gold investors have been caught by in years past. That myth of course is perpetuated by dealers out to make a quick buck. They claim certain coins (i.e. bullion) can be confiscated by the government. Therefore, you should purchase more expensive coins that can’t be. This…
Gold Run Continues as Fiscal Cliff Nears
The U.S. Presidential Election is over – thank goodness – our attention is now fixed on what’s known as, “the fiscal cliff.” A little background on what the phrase fiscal cliff means. In the summer of 2011, the U.S. government had approached the borrowing limit, a boundary known as the debt ceiling. At that time,…
House of Representatives Overwhelmingly Passes Fed Audit Bill
H.R. 459, better known as the Federal Reserve Transparency Act of 2012 (…or Audit the Fed), has passed the full House of Representatives by a vote of 327-98. Passage of the bill represents a crowning achievement in the career of Congressman Ron Paul, the bill’s author. For decades as a congressman and 3-time presidential candidate,…
Legislation Introduced to End Taxes on Gold and Silver Coins
On June 28th, a trio of senators introduced the Sound Money Promotion Act, which would treat legal tender gold and silver coins (i.e. U.S. Gold Eagles, U.S. Silver Eagles) the same as U.S. currency in regard to taxes. Currently, 13 states recognize gold and silver coins as legal tender but those coins are currently taxed…
