Molon Labe. My silver and gold is protected by steel, brass, and lead.
You've got that backwards. A business would have had to submit a 1099 for any vendor from whom they bought more than $600 total of goods or services. In this case if the gold shop bought a gold coin back from a person, the store would have to track it and send a 1099 at the end of the year. On the other hand a person could freely buy the gold without any records. It would work just the same as if the gold shop decided to upgrade their display cases and paid more than $600 to the display seller, so the store would have had to send a 1099 to him.
Buy Gold with Cash from small time dealers a little bit at a time as gold “collector coins”.
Then bury it.
Also buy some “officially” but just a coupld hundred worth. Let them take the take the hundred dollars worth, they will move on from there.
—Ideally you want to move your gold out of the country.—
HAHAHAHA!.
I have a vacuum seal machine a shovel and acreage for a reason.
I’ve said it before on Free Republic. If you can’t reach out and physically touch it, then it’s not under your control. This applies to both Gold and other precious metals as well as the Brass tubes capped with Copper jacketed lead. and the tools that require them.
So my advice is simple. If you want to invest in gold or silver make sure you get the real thing instead of a ‘certificate’. And Safety deposit boxes aren’t secure either FDR taught us that lesson.
Curiously, at the same time the US and European governments are creating barriers to private gold ownership (and there are many examples of this), the Chinese government is actively encouraging private gold ownership.
And yet in Asia they’re installing gold and silver vending machines! Swipe your card, get a gold or silver coin...
The future of capitalism and personal asset freedom seems to be shifting to Asia, away from the West...
pingaroo