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To: 0.E.O
In the last month or two alone gold has gone over $1600 and ounce before dropping under $1400 an ounce and it's currently about $1460. So then how do I as a merchant price my goods when the value of the commodity used to pay for it fluctuates by the minute?

You wouldn't and this bill wouldn't force you to either. However if you wanted to exchange a commodity for gold, you can do so in any jurisdiction today without enabling legislation.

So what does this bill do? Nothing. Except exempt gold and silver coin dealers from state sales tax. Which is a weird thing to do.

20 posted on 05/03/2013 9:49:58 AM PDT by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: Alter Kaker
So what does this bill do? Nothing. Except exempt gold and silver coin dealers from state sales tax. Which is a weird thing to do.

In the informed opinion of many, and as treated in the Constituion, gold is money, a sure store of wealth; gold is not a commodity.

Removing the tax from gold formally re-elevates gold to money status, its role throughout recorded history (that is, until the emergence of the western social welfare states in the early 20th century).

Gold is not a "barbarous relic", as Keynes said, nor is it a commodity, as Bernanke says.

32 posted on 05/03/2013 10:35:31 AM PDT by bkopto (Obama and Biden are merely symptoms of a more profound, systemic disease in American body politic.)
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