Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: agere_contra

Is there any paperwork in a gold transaction that tells the govt how much you have, like having to register a gun?


161 posted on 05/18/2010 8:25:41 AM PDT by GnuHere
[ Post Reply | Private Reply | To 130 | View Replies ]


To: GnuHere
Is there any paperwork in a gold transaction that tells the govt how much you have, like having to register a gun?

It depends. Generally if you buy through the big houses through the mail you have a paper trail, cancelled checks, invoices, etc.

Of course if you have a local coin dealer, they are generally happy to take your cash and give you your coins, no receipt, no record, no anything.

Now I also think there are some forms of gold where the reporting requirements are less than others.

165 posted on 05/18/2010 8:28:35 AM PDT by NeoCaveman (we now live in a post-Obamapacolyptic world)
[ Post Reply | Private Reply | To 161 | View Replies ]

To: GnuHere

I don’t think so.
I know some folks that bought gold and silver from lear without filling out any paperwork.

I would think that if the gov’t were requiring tracking like that, they’d require a SSN.


166 posted on 05/18/2010 8:29:11 AM PDT by MrB (The difference between a (de)humanist and a Satanist is that the latter knows who he's working for.)
[ Post Reply | Private Reply | To 161 | View Replies ]

To: GnuHere

There’s a paper trail, but you don’t have to register and account for gold.

If the govt ever comes knocking, tell them you lost your gold in the same accident where you ‘lost your guns overboard in the lake’. Or maybe you gave your gold away as a wedding present to someone in Canada.

Meanwhile: bury it. The classic technique is to bury the gold in a length of sealed-off plastic pipe. Avoid safety deposits - when the day of reckoning comes, Obama wouldn’t scruple to seize your gold and pay you “fair value”.


173 posted on 05/18/2010 8:36:40 AM PDT by agere_contra
[ Post Reply | Private Reply | To 161 | View Replies ]

To: GnuHere

Depends on where you buy your gold. People in my city have recommended coin shops where they trust the owners and everything is handled in cash.


191 posted on 05/18/2010 8:50:10 AM PDT by ChocChipCookie (God to Obama: Don't think I'm not keepin' track. Brother.)
[ Post Reply | Private Reply | To 161 | View Replies ]

To: GnuHere

coinshops, etc and pay cash.


271 posted on 05/18/2010 10:21:39 AM PDT by mojitojoe (banking institutions are more dangerous to our liberties than standing armies. Thomas Jefferson)
[ Post Reply | Private Reply | To 161 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson