Hi, today is Sept. 2. I see that Silver is going up. Do you think it will go back down or take a dip before the US dollar crashes...or will it continue to climb and keep climbing?
Bob Chapman's update on 8/19/09 was that the info was NOT TRUE on having to convert IRA bullion to coins. I also confirmed this with Gold Star as did Bob. The original source was a prominent newsletter Bob go so there is a call in to the newsletter source's Legal dept. I was ready to change mine over but was scared to be in cash during the upcoming 9/25 FDIC announcement.
The Gorgon Gas sale to China will bring $300 billion into Australia (saving the governments bacon with the 200 billion budget deficit). So Australia may be the only place not to suffer massive real estate losses like USA and Britain. There mat even be another 300% price boom in property.
Bob Chapman also predicted that they will have a G-20 this year or next and devalue the dollar where you trade 3 dollars for 1 of the new whatever. He thinks it will be a new dollar, not an Amero. He expects Gold to go 2.5x and silver 6.5x current price in short term. Johny boy will be right again. Hold & buy physical and sleep tight!
The date given in Bob Chapman's newsletter is Nov. 30. I called Goldstar IRA and they din't get the word yet. Bob's newletter said your IRA administrator will send the IRS a mark to market form for income tax on the profit for 2009 plus 10%additional penalty for under 59.5 yrs. old on early withdraw if you take posession.
This is massive all-out attack on Lliberties to force Americans to their knees to join the new world banking system.
How can they tax an asset that isnt generating income or making capital gains? Its just like saying they are gonna tax anyone on the house even when the market stays flat. Just blatant theft!
"Who puts silver or gold bullion in an IRA,401k or Roth anyway?"
Stupid people, that's who. Look, here's what's going on here. The dollar is about to be revalued and the foreigners know it. They are desparately trying to take delivery on the Comex and the LME which is causing pressure on the bar inventory. In this way they can force the bars out of hiding to pay off the foreigners and keep the game going. They also know there's a shortage of Eagles, think about it......
@SamuraiCommando i'm wondering this also and suspect the ETF SLV is backfilling all the orders from the past few months. Bloody hard to know where it's coming from, although I bet the GS guys are all over it.
Anyone know why the 40 cent pop in silver today considering the stock market dow only went up very small 36 points(historically that is a large jump but lately not abnormal.) Ive been watching the market and the silver price end of day and they seem to go up in unison. Now that must be traders measuring stock price increases as inflation. If stocks are barely going up yet the commodity is making larger jumps I am guessing more traders are looking for safety since the numbers dont make sense
Gday everyone! Dont be fooled by waiting for the silver price to come down to buy....its now still very cheap. If you wait you might miss the massive price hike. Google the price from the late 70's. Back then the U.S dollar "caught a cold" and the silver price went up 20+ times its value. Now the U.S dollar is at "deaths door" and analysts have predicted a huge jump. The governement now cant supress prices all that much so buy now to be safe. You will spew if the prices goes up cos you waited.
So, would it be a good idea to purchase Gold/Silver bullion now or wait until a possible pull back in Dec? I'm afraid that waiting until Dec might be a mistake if something very very bad were to happen between then and now... Thoughts anyone?
I believe in weighted average purchasing, so what I would do is take half and invest now and save half to buy in Dec. Then if the price goes up or down, your average price is right in the middle.
As far as the Inflation vs Deflation debate is concerned,the US government wouldn't feel the need to suppress pm prices if they honestly thought that deflation was the most serious threat,as there's a lot of misleading statistics coming out trying to confuse everyone,which reminds me of the term in poker circles along the lines of 'play the player,not the cards',and attacking pm's shows that sweats streaming down the greenbacks brow.This doesn't do much to support the deflation argument right?
Something here doesn't make full sense to me, but I'm sure there's a point I'm missing. If I now hold, say, 1,000 ounces of gold in an IRA (don't I wish!) and decide to swap it for 1,000 one-ounce gold coins (or a few less, to allow for the premium on coins), wouldn't I prevent adding any substantial amount of gold to the circulating supply, thereby holding the gold price about level? It seems logical, but has to be wrong - otherwise, there'd be little motive for the government to do this.
1. the coins carry high premiums and so if you had 1000 oz gold - you might be able to only have 800 oz in coins - there is 200oz into the market.
2. the coins are hard to get at the best of times, and if everyone tried to convert to coins before nov - there would be major shortages and not everyone would get them. so there is some more gold into the market.
3. Some people will see gold has done ok and probably take their profits off the table to pay the tax.
Very good points - thank you. Also, this so short-sighted of our government (I live in the U.S.). If the dollar is going to tank and precious metals be regarded essentially as a means of exchange, this only postpones the inevitable. I am often dismayed and saddened by our tendency to regard "postponing the inevitable" to be the same thing as "solving a problem."
It's not that the government is trying to "solve a problem" - rather, they (actually their bankster masters) generated it and are propagating it for as long as possible.
John is right, try getting 1000oz in gold coins its hard enough getting silver right now. The Govt just want or rather NEED to get as much gold and silver and FAST hence trying to get people to sell bars. THEY WILL BUY IT.
The only point here is WHAT WILL THE PRICE GO TO AFTER OCTOBER ????????? and they hold all the gold and silver (or so they think)
3rd time trying to reply to this video, hopefully it works this time.
Thanks for the info John, your channel is great. Click on my moniker and check out the video I just uploaded, your comments are welcome. I just started picking up silver, and gold, a couple months ago and hope to ramp up my holding before the prices goes back to 20 bucks an ounce.
Aren't they limiting the number of gold and silver eagles they're minting right now? If those are the only PMs they accept without ripping you off, shouldn't they be making them readily available?
That's a good point, and yes the mintage of gold and silver coins of various types by the U.S. government has been constrained from time to time over the last year or so. I think that supply of the metals may be as much of an issue as manipulation of PM prices; when demand exceeds supply, the laws of the marketplace affect the government as well as us.
"And said to the mountains and rocks, Fall on us, and hide us from the face of him that sitteth on the throne, and from the wrath of the Lamb: For the great day of his wrath is come; and who shall be able to stand?" (Rev. 6:15-17)
"And the kings of the earth, and the great men, and the rich men, and the chief captains, and the mighty men, and every bondman, and every free man, hid themselves in the dens and in the rocks of the mountains; (cont'd)
Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by FRAUD, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth. Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter. Ye have condemned and killed the just; and he doth not resist you." (James 1:1-6)
They may steal our wages, but God will have the last word:
"Go to now, ye rich men, weep and howl for your miseries that shall come upon you. Your riches are corrupted, and your garments are motheaten. Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days. (cont'd)
Drudge posted the government handing out free money today . Anyone on welfare will be getting 200 credits per child to buy school clothes an supplies. No ties . no pay back . Just here you go ,free money . Bet you it was all to buy there vote on health reform
Gerald Celente is right. There will be more & more injustice and escalating civil unrest. It' like being a mouse in a ugencicist maze, except no way out, no cheese when you get to the exit. Standing in the path to freedom from the maize is the tax man, who changes the maize while your in it. RESET.
So instead of prohibiting the ownership in an IRA they tax it. Same thing. Put my IRA into gold bars to avoid the market meltdown only to have the boogey man steal it even when I follow every law. This is an incredulous injustice to my family after I spent thousands of hours figuring out how to save my pitiful self-paid pension. I am heart broken that my government apparently hates me, the struggling middle class guy with a family. More outright theft. No justice, no peace, no more freedom.
Regular assets in an IRA or other tax sheltered investment are taxed by inflation. Precious metals in an account like that are immune from confiscation by inflation, so the Imperial Progressive Federal Government must fall back to a more direct method of prying the wealth out of your hands.
This is why you want anonymous physical holdings..
Remember every single Gold certificate and (older) gold coin you hold today was once withheld from being confiscated in 1932-33.
At present, gold bars with a purity of 24 karat (0.995+ fineness) are allowed into an IRA. They must be hallmarked by a NYMEX- or COMEX-approved refiner/assayer. : 1 ounce, 10 ounces, kilo (32.15 ounces), 100 ounces, and 400 ounces. Gold coins having a purity of 24 karat (0.9999 fineness) are the only ones allowed in an IRA, with the exception of the 22 karat US Gold Eagle. Readily acceptable for gold IRAs are the popular bullion coins from USA, Aus, Austria and Canada.
To save what? 28% of a maximum of $5000 per year for a few years? With a risk of confiscation of your assets because they can't wait for you to retire and complete the arrangement? OWN IT OUTRIGHT. Physical. Anonymous. With no strings. That's why PMs. Trying to beat the government in their own game is a fool's mission.
I do not know what the problem is about gold and silver price suppression. The longer it lasts, the more chances you have to convert paper money you despise to those barbarous relics you worship.
buncha sleazy manipulators! thanks for the upfate john, btw could you by any chance turn up your cam's mic volume? your videos are always very quiet compared to other vids on youtube
The pressures on the PM market through the Gov't Co- Defendants (Institutional investors) have been flat lining this market very effectively since Feb07, after Taxing the Bullion in Retirement holdings, I think their Ultimate Plan is probably to Seize All PM's or Out Law there use in protection of National Security. They will not STOP until they put every single person in poverty.
They Outlawed Booze in the US too, But That didn't stop us from Making it, Drinking it, Trading it or Even More importantly, Making Money off it! Why do you think they call it a "Stash" anyway???? At least there will be no Manipulation of the Black Market, normal pressures will dominate, I love breaking Laws and rules anyway....I consider it Fun and Exciting:):):)
I think your right CDQ. I have been trying to get my family relocated because of the swine flu vaccinations and chem trails. I check favorable destinations and that all either prohibit gold/silver coins/bullion or they tax it like 90%. You have to liquidate. They steal it.
Instead of relocating and changing your surroundings...take a mental vacation from FEAR. When you break away from living in Fear, and just REFUSE to be afraid, even laugh at the Chemtrails, you will be busting up the illusion of this World being the Reality YOU think it is...I film Chemtrails Everyday...I have made a choice..I fear NOTHING, I am AWARE..I Choose the no FEAR route...this is the challenge, I Choose No poison Injection...I have made my choice, I am taking this Stand, I fear not!
I get it, No Fear. I am pissed off which is not fear. I have a wonderful sense of humor but these ass clowns got to me today. Fear however is not why I would relocate my kids. Not running into the ocean when an intense lightning storm appears is common sense. On the other hand I would like God to whack me out of this nightmare. until then I have to protect my cubs.
I mean no disrespect at all, and I'm glad you get it....I don't think anyone can escape the BullShit that is rolling Downhill, even the so called Elite, We are well into the process of Whacking ourselves out of Sleep mode to become fully empowered, by all means Protect your Cubs:):):) We Will get there, I'm Sure of it! Anger is part of the process too, because with out it, we would have no Energy to Change.
Thanks Cosmic...and by the way I got two stubborn friends into silver with the "Boumcing Bullion series...so good on ya! It is good to see these ass clowns so desparate.
Hilarious! Talk about marking-to-market. If the banks did that honestly, when they should have, they would have vapourised into a malodorous cloud of hissing derivative contracts long ago. Talk about 'do as I say, not as I do'.
I feel an urge for some creative bullion-accounting coming on!
agree! how about we mark to model as well then? if they want the IRA stuff, we figure by the time we sell it silver will be 500 and gold 5000 - pay that, happy for you to take it!
Thanks so much for this Stella! You are always on the cutting edge, and many of us depend upon your highly informative vids. Kudos!
Now, as to my somewhat meager (now!) stock holdings - think it's time to sell the summer rally? Looks like many investment firms think so! (Although the Dow is up today by 113 pts as of 10:42 AM EDT.)
Up is when you want to sell. :) Just get out, and then you'll have peace of mind. Also, you won't have to feel like you're contributing to the fake bubble any longer. :p
(I don't do stocks, so take me with a grain of salt here.)
Yeah, it's up from the low by quite a bit, but unfortunately, down still from where I bought it. My gut keeps telling me to sell now - my head keeps telling me that until I take the loss, it isn't a loss.
IMHO I trust my gut and if the US Gov.have passed the silvertax bill the market will flood of bars. Ok so thats the end of OCT.... Govt buys bars and then UK does the same.Most people will be too busy doing Xmas stuff toknow what is going on. After Xmas when we should have a huge public spend (and wont) then the SHTF as the figures for public spending will be awful.
Do you Remember when the laws loosened up to Allow Bullion to be part of 401Ks and other retirement instruments??? The Gov't through their Co-defendants (Authorized Bullion Dealers) pushed this legislation through and promoted the hell out of adding it to retirement portfolios, WHY? Because this would give them TAX access as a way to further Bleed money out of the Hard Working Citizen, oh I see it so clearly now. ROBBERY through Taxation.
Hi Mate,Good to see some aussies getting involved and setting up channels on economic issues.
What are you thoughts on the Australian property market?
If we have a 2nd wave of bad US news then things should get interesting in Australia.
There is no justification for the property bubble that exists and the corrupt Aussie bankers and silly governments have created a ticking time bomb. Ciao
MrBankRuns - Please note that this broadcaster is talking about the U.S. taxing BULLION - Not gold and silver coins!
Which is a reason why I find Silver Eagles so attractive - and worth the higher surcharge. They are a U.S. "minted" Coins- and Constitutionally, such coins were required as the only form of money to be used here. (That is, until the treasonous "amendment" was passed under Wilson!)
If true, this is a tidy "catch 22" by the IRS, which deemed bullion "suitable" for IRAs.
That is all Bull Shit. The Fed has the power to do WHATEVER IT TAKES to instill investor confidence and keep America competitive against foreign markets. Read the "Presidents Working Group On Financial Markets" @ Wiklipedia
I swear we're getting to the point that we just need to keep all of our money and PMs under the bed. Is it even legal to pretax money in a retirement account? Sounds awfully dishonest. But I guess they'll do anything at this point. Thanks so much John.
My way of thinking is that if the U.S Gov. does in fact do this (pass the act) it proves what many of us think about huge price manipulation in physical GLD/SLVR. Yea a good dip appears to be coming which IMO will be just before a huge rally. Look at any silver price chart a week or so before last years crash!!!
Be cool and don't sell any of your metal. This is, if it comes true, will also alert millions of people to buying it up.
I thought it suggested that the only way you could hold bullion in the Superannuation fund without being taxed was if you held it in coin form. I thought this would force people out of bullion bars which have a lower premium per ounce, and may also cause a bottle neck in the production and increase premiums on coins as everyone starts to only demand coins, which I thought would slow the speed at which customers got their hands on metal, as you get much more silver for your money per 1Kg bar?
Who puts silver or gold bullion in an IRA,401k or Roth anyway? That kind of defeats the purpose of holding bullion anyway. One holds bullion to withdraw from the system, but more important, those tax sheltered saving plans are to avoid taxation of interest until withdrawl. Anyone here have interest bearing silver other than paper? The govt's strategy is of academic interest only - showing their desperation and panic.
People may put bullion into a retirement account like a 401k because the money they spent on the bullion would be not be taxed. Does that sound right?
Silveracity - That's right about the ROTH IRA - which is a post-tax contribution, and does NOT get taxed when you cash it out. (Unlike standard 401Ks, which are pretax - and offer immediate tax savings.) ROTH investments are only allowed to citizens making roughly $50K or under, per year - so big earners do not get this advantage. I believe the max allowable contribution is somewhere around $5K per year, but increases slightly in increments as the taxpayers' age approaches that of retirement.
Tax deferral is putting off tax until a later time when presumably your taxes will be lower (i.e. retirement - post work). Do you think taxes will ever be lower anymore?
partially true. I own the physical in a Gold Star PM IRA. I can get it today if I pay the penalty. They just want to force PM owners into the market fiat pyramid scheme. Fine. The ass-clowns will not get the last laugh. At least they will go to hell.
If you have an IRA, at least some of the IRA ultimately belongs to the government - their rules. Best to avoid it all completely at the front end. And remember under Clinton, they have already made a pass at a "one-time" 15% tax on IRAs and 401k's and 403b's. Fortunately, at that time there was a Republican control of the House of Representatives. Another try?
People like me who are self employed with a small business do it. I saved my small IRA by taking it from my Chase Financial adviser (oximoron) and putting it into a self directed precious metals IRA before the crash. I stopped contributing and take posession but I was trying to avoid the tax for early IRA witdrawal. There were no commerials to say do this when I did it. Last week I told my wife I was worried because the MSM was saying do it. BOHICA.
But, you are saying this like it's a forgone conclusion. We need to wait, at least a day, for the particulars. Yes, I know the history of these things too...
If this is for real, who is responsible for these kinds of decisions? Treasury? Does congress need to vote on these things? Is the Fed involved? Are we going to find out tomorrow that this is merely a proposed bill?
Ill know more tomorrow when I get the newsletter, but according to what we heard, its an IRA matter, and last time I checked, they dont need anything to make their rules... certainly not a vote in congress.
It wouldn't matter if there was a "vote" in Congress anyhow. Congress is clearly in the pocket of the Fed; all they have to do is declare a "need" and make their wants mandatory (with few, if any questions).
It is apparent that the effect is to have the PM's drop, which is what is happening. To me, this only underscores that the real market powers still are very much in control, that no matter what occurs in the developing wold, the PM market is still cotrolled in London/NewYork. This is what I was afraid of, that those powers are going to do what they need to in order to make money doing no work. A simple phone call is all they need in order to change the game to their favor.
True, to a degree. They can't suppress the market forever though. Too much pressure has already built up for them to be successful over a long term time period.
My thought is that they are the market, as of now. Question is for how long? USAAmericans for the most part have no clue as to the existence of PM's as a viable investment. We have been trained to only look at that which we have bee told are "legitimate" investments. And the PM's aren't that. When will their control be broken? Who the hell knows.....
I think their control will be broken the moment the dollar is dropped as a reserve currency, and this won't be too long now -we're buying our own bonds after all. The BRIC nations aren't fooled and neither are others, the dollar is teetering.
Note it was bars and not coins. US Gold and Silver Eagle coins enjoy some tax protections under law. One might simply convert out of bars into Eagles, though at a loss to the premium (which could be recouped on eventual sale). However, how many people actually hold PMs in their IRAs, and of those, how much is in bars? Troubling, but very narrow in focus, for now. Too bad so few own PMs for us to form an effective lobby, to protect ourselves in Washington. ='[.]'=
1. if you have 10oz gold, you might be able to buy 7-8oz in coins - so the government has sapped up 2-3 oz there.
2. If you sell your gold - you are still liable for tax - so say you sell 10 oz, you might have to pay the value of 1-2 oz tax... you cant buy as many coins again
3. Comex futures are settled in bars... thats what its being used for in my opinion
4. WHATS NEXT... if they are already doing this - where are they going to be in 1 year time?
I would hold off. Silver fell from 21 intraday to eventually less than 9 intraday. It has been range bound for nearly two years and may go on that way indefinately. No need to rush, this may take quite awhile for this to work out. Or it may not at all. At this point, just wait and see because their are no set rules....
Thanks a lot for the update on this. There has been an ENORMOUS amout of pressure by lots of many advertisers to get people to convert their IRAs over to physical gold/silver. It seemed fishy and now it all is falling into place.
Thanks John for the crucial info. It really does seem like the system is bursting at the seams. We need to hold on tight and try out best to avoid the deluge.
retirement ira is pretax, to tax it while it is in an account seems illegal. it will be interesting to learn of the details. to cash in an ira early you pay a penalty and taxes, plus are open to additional in that tax year. possibly this will force some pm inventory into the market for those opting to avoid this new tax (law?), by rolling out of metals ira and into traditional. great find john and again thank you for your work. in anticipation of the rest of the story.
While an argument can be made that the 16th amendment was never properly ratified, its still sitting there as an amendment to the constitution. Thats why I'd really like to see it repealed, so there would no longer be any questions about it.
my fear of this kind of thing is why I decided to stay away from any type of investment which has to be claimed before selling. I prefer to pay income taxes than risk this kind of thing, and then buy physical metal and take possession... and, something tells me that by the time they get around to taxing what I previously took possession of, I will have somehow lost it... "I thought I buried it right here... and now it's gone!"
A very excellent point! We may have lots of prisons in this country (probably more than any other) but they can't lock up everyone. -And I'm sure that if they tried to get many of us there would be such outrage considering how many fat cats are using the system to either find loopholes or changing the laws themselves, that there's bound to be civil disobedience everywhere. *major grin* They are literally tying the knot in the noose that we're going to hang them with.
If this turns out to be true, this means the price suppression scheme is literally about to collapse. Unfortunately, this likely would also mean that the world as we know it has just changed forever. Ironic. BTW Stella, nice scoop!
G and S pushing at recent highs...and after quite a dull summer in AG terms - I am looking forward to your charting and take on this move, John...
felixdov 2 years ago
Hi, today is Sept. 2. I see that Silver is going up. Do you think it will go back down or take a dip before the US dollar crashes...or will it continue to climb and keep climbing?
Rob.
Nexstar100 2 years ago
Comment removed
davincij15 2 years ago
me?
what do you mean?
stellaconcepts 2 years ago
Sorry wrote that too fast. It's late here and I am sleepy....
Anyhow I just wanted you to post another video. Just share your thoughts with your viewers.
davincij15 2 years ago
i plan to do an "egg on my face" video at the end of the month ;)
stellaconcepts 2 years ago
yep. lol.
GuildF40 2 years ago
Bob Chapman's update on 8/19/09 was that the info was NOT TRUE on having to convert IRA bullion to coins. I also confirmed this with Gold Star as did Bob. The original source was a prominent newsletter Bob go so there is a call in to the newsletter source's Legal dept. I was ready to change mine over but was scared to be in cash during the upcoming 9/25 FDIC announcement.
CoinsFreedom 2 years ago
The Gorgon Gas sale to China will bring $300 billion into Australia (saving the governments bacon with the 200 billion budget deficit). So Australia may be the only place not to suffer massive real estate losses like USA and Britain. There mat even be another 300% price boom in property.
DocBrewster 2 years ago
iceberg right ahead
goldspring187 2 years ago 2
thanks for this update.
Ubreako 2 years ago
get off face book and do an update.
GuildF40 2 years ago
Bob Chapman also predicted that they will have a G-20 this year or next and devalue the dollar where you trade 3 dollars for 1 of the new whatever. He thinks it will be a new dollar, not an Amero. He expects Gold to go 2.5x and silver 6.5x current price in short term. Johny boy will be right again. Hold & buy physical and sleep tight!
CoinsFreedom 2 years ago
The date given in Bob Chapman's newsletter is Nov. 30. I called Goldstar IRA and they din't get the word yet. Bob's newletter said your IRA administrator will send the IRS a mark to market form for income tax on the profit for 2009 plus 10%additional penalty for under 59.5 yrs. old on early withdraw if you take posession.
This is massive all-out attack on Lliberties to force Americans to their knees to join the new world banking system.
CoinsFreedom 2 years ago
People could have voted for the Pauls 1 year ago but they didnt - its no use hoping for mass awakening - you'll be waiting forever.
mallamoozoo 2 years ago
How can they tax an asset that isnt generating income or making capital gains? Its just like saying they are gonna tax anyone on the house even when the market stays flat. Just blatant theft!
mallamoozoo 2 years ago 2
"Who puts silver or gold bullion in an IRA,401k or Roth anyway?"
Stupid people, that's who. Look, here's what's going on here. The dollar is about to be revalued and the foreigners know it. They are desparately trying to take delivery on the Comex and the LME which is causing pressure on the bar inventory. In this way they can force the bars out of hiding to pay off the foreigners and keep the game going. They also know there's a shortage of Eagles, think about it......
fiftybagger 2 years ago
lol. I watch the news to get a laugh nowadays. It's funny that people still believe that crap.
GLADIATORvsNWO 2 years ago
on the news this week they said sell all your broken rings and get the cash for the gold.. I LOL'd
dystopiastu83 2 years ago
@SamuraiCommando i'm wondering this also and suspect the ETF SLV is backfilling all the orders from the past few months. Bloody hard to know where it's coming from, although I bet the GS guys are all over it.
nztitirangi 2 years ago
Anyone know why the 40 cent pop in silver today considering the stock market dow only went up very small 36 points(historically that is a large jump but lately not abnormal.) Ive been watching the market and the silver price end of day and they seem to go up in unison. Now that must be traders measuring stock price increases as inflation. If stocks are barely going up yet the commodity is making larger jumps I am guessing more traders are looking for safety since the numbers dont make sense
SamuraiCommando 2 years ago
Silver up to $15.18 as of 8/13/09. Such total BS how the gov is always finding new way to mess with us. Thanks John...always appreciate your info.
Lexi8888 2 years ago
Gday everyone! Dont be fooled by waiting for the silver price to come down to buy....its now still very cheap. If you wait you might miss the massive price hike. Google the price from the late 70's. Back then the U.S dollar "caught a cold" and the silver price went up 20+ times its value. Now the U.S dollar is at "deaths door" and analysts have predicted a huge jump. The governement now cant supress prices all that much so buy now to be safe. You will spew if the prices goes up cos you waited.
rla007 2 years ago
WAAAAAAAAAAAAAAAAR!
mallamoozoo 2 years ago
Pretty funny .. the Government always finds new ways to steal your money,
Probably against the Constitution as well !
Disgusting !
StandUp555 2 years ago 2
So, would it be a good idea to purchase Gold/Silver bullion now or wait until a possible pull back in Dec? I'm afraid that waiting until Dec might be a mistake if something very very bad were to happen between then and now... Thoughts anyone?
helpendthefed 2 years ago
I believe in weighted average purchasing, so what I would do is take half and invest now and save half to buy in Dec. Then if the price goes up or down, your average price is right in the middle.
ptoutlet 2 years ago
John check your email regarding article on pending bank holiday
IamTheHermit 2 years ago
John Or Hermit, would you mind sharing the article or the bullet points of same as pertains to a possible "bank holiday" with the rest of us.
Lexi8888 2 years ago
As far as the Inflation vs Deflation debate is concerned,the US government wouldn't feel the need to suppress pm prices if they honestly thought that deflation was the most serious threat,as there's a lot of misleading statistics coming out trying to confuse everyone,which reminds me of the term in poker circles along the lines of 'play the player,not the cards',and attacking pm's shows that sweats streaming down the greenbacks brow.This doesn't do much to support the deflation argument right?
mlndstream 2 years ago
good point.
stellaconcepts 2 years ago
That's lame!!! :o
I'm glad I cashed out my IRA in January. I took a tax hit but it's all silver now.
Thanks again for another worthwhile video John!
johnwik 2 years ago
Something here doesn't make full sense to me, but I'm sure there's a point I'm missing. If I now hold, say, 1,000 ounces of gold in an IRA (don't I wish!) and decide to swap it for 1,000 one-ounce gold coins (or a few less, to allow for the premium on coins), wouldn't I prevent adding any substantial amount of gold to the circulating supply, thereby holding the gold price about level? It seems logical, but has to be wrong - otherwise, there'd be little motive for the government to do this.
Tigerpaws9097826 2 years ago
(p.s., that's an excellent moral argument near the end regarding taxing a personal asset that hasn't been sold - what a terrible precedent!)
Tigerpaws9097826 2 years ago
few points here...
1. the coins carry high premiums and so if you had 1000 oz gold - you might be able to only have 800 oz in coins - there is 200oz into the market.
2. the coins are hard to get at the best of times, and if everyone tried to convert to coins before nov - there would be major shortages and not everyone would get them. so there is some more gold into the market.
3. Some people will see gold has done ok and probably take their profits off the table to pay the tax.
stellaconcepts 2 years ago
and lastly.
its just wrong.
stellaconcepts 2 years ago
Very good points - thank you. Also, this so short-sighted of our government (I live in the U.S.). If the dollar is going to tank and precious metals be regarded essentially as a means of exchange, this only postpones the inevitable. I am often dismayed and saddened by our tendency to regard "postponing the inevitable" to be the same thing as "solving a problem."
Tigerpaws9097826 2 years ago
It's not that the government is trying to "solve a problem" - rather, they (actually their bankster masters) generated it and are propagating it for as long as possible.
Then it makes sense, yeah?
mallamoozoo 2 years ago
TIGERPAWS9097826
John is right, try getting 1000oz in gold coins its hard enough getting silver right now. The Govt just want or rather NEED to get as much gold and silver and FAST hence trying to get people to sell bars. THEY WILL BUY IT.
The only point here is WHAT WILL THE PRICE GO TO AFTER OCTOBER ????????? and they hold all the gold and silver (or so they think)
GuildF40 2 years ago
3rd time trying to reply to this video, hopefully it works this time.
Thanks for the info John, your channel is great. Click on my moniker and check out the video I just uploaded, your comments are welcome. I just started picking up silver, and gold, a couple months ago and hope to ramp up my holding before the prices goes back to 20 bucks an ounce.
kfjcer 2 years ago
I'm officially tearing my hair out now.
Thanks for the update.
dgmoocher 2 years ago
Thanks for the up-date
insertthissideup 2 years ago
4.19 sec's John is the only reason.
You hit the nail on the head mate.
BUCKLE UP ;o)
GuildF40 2 years ago
Aren't they limiting the number of gold and silver eagles they're minting right now? If those are the only PMs they accept without ripping you off, shouldn't they be making them readily available?
drutter 2 years ago
That's a good point, and yes the mintage of gold and silver coins of various types by the U.S. government has been constrained from time to time over the last year or so. I think that supply of the metals may be as much of an issue as manipulation of PM prices; when demand exceeds supply, the laws of the marketplace affect the government as well as us.
Tigerpaws9097826 2 years ago
I thought that WAS gold. You mean it's not? So sorry ;-)
luxomni 2 years ago 2
any body else seeing the head and shoulders in silver?
Thaner14 2 years ago 2
Who puts physical metal in an IRA. It creates a paper trail to your metal. You should just cash out the IRA, pay taxes, and then buy metal.
Thaner14 2 years ago 6
Was waiting for this one. sad.
phnixlady 2 years ago
"And said to the mountains and rocks, Fall on us, and hide us from the face of him that sitteth on the throne, and from the wrath of the Lamb: For the great day of his wrath is come; and who shall be able to stand?" (Rev. 6:15-17)
notdeceived 2 years ago
"And the kings of the earth, and the great men, and the rich men, and the chief captains, and the mighty men, and every bondman, and every free man, hid themselves in the dens and in the rocks of the mountains; (cont'd)
notdeceived 2 years ago
Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by FRAUD, crieth: and the cries of them which have reaped are entered into the ears of the Lord of sabaoth. Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter. Ye have condemned and killed the just; and he doth not resist you." (James 1:1-6)
notdeceived 2 years ago
They may steal our wages, but God will have the last word:
"Go to now, ye rich men, weep and howl for your miseries that shall come upon you. Your riches are corrupted, and your garments are motheaten. Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days. (cont'd)
notdeceived 2 years ago
Woaha... So glad I am not living in USA...If this is true it is staggeringly pathetic! No bars!!?
Cummon- it is like the window tax- saddoaroony.
felixdov 2 years ago
is he talking about hsbc?
joshrain1 2 years ago
they are clearly running out of the shiny stuff !
Ubreako 2 years ago
What if you don't have it IN an account, but in like a safe in an undisclosed location?
2528997 2 years ago
then they have no idea, duh
solojam 2 years ago
Thanks
Mr1openmind 2 years ago
Drudge posted the government handing out free money today . Anyone on welfare will be getting 200 credits per child to buy school clothes an supplies. No ties . no pay back . Just here you go ,free money . Bet you it was all to buy there vote on health reform
Hybrid5226 2 years ago
Crikey- I have a combination physical precious metals, mines, exploration etc now. But they don't tell you what you have day to day in there.
If I get this right: it's NO Bullion, but PM rounds are OK? Is that what I heard?
whiskerchild 2 years ago
Not just bullion, but bullion in a tax deferred/sheltered status.
luxomni 2 years ago
Gerald Celente is right. There will be more & more injustice and escalating civil unrest. It' like being a mouse in a ugencicist maze, except no way out, no cheese when you get to the exit. Standing in the path to freedom from the maize is the tax man, who changes the maize while your in it. RESET.
YouWinForever 2 years ago
Thanks for the info ! As always we enjoy and regard you're thoughts worthy.
RenegadeTimes 2 years ago
Fantastic... what little I have is being milked away.
lightleague 2 years ago 3
So instead of prohibiting the ownership in an IRA they tax it. Same thing. Put my IRA into gold bars to avoid the market meltdown only to have the boogey man steal it even when I follow every law. This is an incredulous injustice to my family after I spent thousands of hours figuring out how to save my pitiful self-paid pension. I am heart broken that my government apparently hates me, the struggling middle class guy with a family. More outright theft. No justice, no peace, no more freedom.
YouWinForever 2 years ago 6
Regular assets in an IRA or other tax sheltered investment are taxed by inflation. Precious metals in an account like that are immune from confiscation by inflation, so the Imperial Progressive Federal Government must fall back to a more direct method of prying the wealth out of your hands.
This is why you want anonymous physical holdings..
Remember every single Gold certificate and (older) gold coin you hold today was once withheld from being confiscated in 1932-33.
luxomni 2 years ago 4
Thanks for the update.
tinfoilfry 2 years ago
"You earn wages, only to put them in a purse with holes in it."
The definition of paper money.
davincij15 2 years ago
Thanks for the UPDATE. I was talking to my husband about this very thing a month or two ago. I knew it. I hope we are all wrong.
RawOasis 2 years ago
the irs and frb
need to be put in their place
bunch of craPoo
eLiMU6 2 years ago 2
At present, gold bars with a purity of 24 karat (0.995+ fineness) are allowed into an IRA. They must be hallmarked by a NYMEX- or COMEX-approved refiner/assayer. : 1 ounce, 10 ounces, kilo (32.15 ounces), 100 ounces, and 400 ounces. Gold coins having a purity of 24 karat (0.9999 fineness) are the only ones allowed in an IRA, with the exception of the 22 karat US Gold Eagle. Readily acceptable for gold IRAs are the popular bullion coins from USA, Aus, Austria and Canada.
tfrenn 2 years ago
Rules rules rules.
To save what? 28% of a maximum of $5000 per year for a few years? With a risk of confiscation of your assets because they can't wait for you to retire and complete the arrangement? OWN IT OUTRIGHT. Physical. Anonymous. With no strings. That's why PMs. Trying to beat the government in their own game is a fool's mission.
luxomni 2 years ago
I do not know what the problem is about gold and silver price suppression. The longer it lasts, the more chances you have to convert paper money you despise to those barbarous relics you worship.
sinitskyd 2 years ago
Corporate thugs. Thanks for the info, I watch all your videos.
SelflessEmpire 2 years ago
buncha sleazy manipulators! thanks for the upfate john, btw could you by any chance turn up your cam's mic volume? your videos are always very quiet compared to other vids on youtube
vwr948576 2 years ago
The pressures on the PM market through the Gov't Co- Defendants (Institutional investors) have been flat lining this market very effectively since Feb07, after Taxing the Bullion in Retirement holdings, I think their Ultimate Plan is probably to Seize All PM's or Out Law there use in protection of National Security. They will not STOP until they put every single person in poverty.
CosmicDramaQueen 2 years ago 3
I would have never thought they would get away with outright confiscation - but i guess I was wrong... this is stealing.
stellaconcepts 2 years ago
They Outlawed Booze in the US too, But That didn't stop us from Making it, Drinking it, Trading it or Even More importantly, Making Money off it! Why do you think they call it a "Stash" anyway???? At least there will be no Manipulation of the Black Market, normal pressures will dominate, I love breaking Laws and rules anyway....I consider it Fun and Exciting:):):)
CosmicDramaQueen 2 years ago 2
touche'
stellaconcepts 2 years ago
"I love breaking Laws and rules anyway....I consider it Fun and Exciting:):):)"
LOL
Hear hear!
mallamoozoo 2 years ago
I think your right CDQ. I have been trying to get my family relocated because of the swine flu vaccinations and chem trails. I check favorable destinations and that all either prohibit gold/silver coins/bullion or they tax it like 90%. You have to liquidate. They steal it.
YouWinForever 2 years ago
Instead of relocating and changing your surroundings...take a mental vacation from FEAR. When you break away from living in Fear, and just REFUSE to be afraid, even laugh at the Chemtrails, you will be busting up the illusion of this World being the Reality YOU think it is...I film Chemtrails Everyday...I have made a choice..I fear NOTHING, I am AWARE..I Choose the no FEAR route...this is the challenge, I Choose No poison Injection...I have made my choice, I am taking this Stand, I fear not!
CosmicDramaQueen 2 years ago
I get it, No Fear. I am pissed off which is not fear. I have a wonderful sense of humor but these ass clowns got to me today. Fear however is not why I would relocate my kids. Not running into the ocean when an intense lightning storm appears is common sense. On the other hand I would like God to whack me out of this nightmare. until then I have to protect my cubs.
YouWinForever 2 years ago
I mean no disrespect at all, and I'm glad you get it....I don't think anyone can escape the BullShit that is rolling Downhill, even the so called Elite, We are well into the process of Whacking ourselves out of Sleep mode to become fully empowered, by all means Protect your Cubs:):):) We Will get there, I'm Sure of it! Anger is part of the process too, because with out it, we would have no Energy to Change.
CosmicDramaQueen 2 years ago 2
Thanks Cosmic...and by the way I got two stubborn friends into silver with the "Boumcing Bullion series...so good on ya! It is good to see these ass clowns so desparate.
YouWinForever 2 years ago
Hilarious! Talk about marking-to-market. If the banks did that honestly, when they should have, they would have vapourised into a malodorous cloud of hissing derivative contracts long ago. Talk about 'do as I say, not as I do'.
I feel an urge for some creative bullion-accounting coming on!
cpswyl2 2 years ago
agree! how about we mark to model as well then? if they want the IRA stuff, we figure by the time we sell it silver will be 500 and gold 5000 - pay that, happy for you to take it!
dodgey bastards
stellaconcepts 2 years ago
Thanks so much for this Stella! You are always on the cutting edge, and many of us depend upon your highly informative vids. Kudos!
Now, as to my somewhat meager (now!) stock holdings - think it's time to sell the summer rally? Looks like many investment firms think so! (Although the Dow is up today by 113 pts as of 10:42 AM EDT.)
MzProgressive 2 years ago
Up is when you want to sell. :) Just get out, and then you'll have peace of mind. Also, you won't have to feel like you're contributing to the fake bubble any longer. :p
(I don't do stocks, so take me with a grain of salt here.)
drutter 2 years ago
Yeah, it's up from the low by quite a bit, but unfortunately, down still from where I bought it. My gut keeps telling me to sell now - my head keeps telling me that until I take the loss, it isn't a loss.
But your advice is appreciated!
MzProgressive 2 years ago
DON'T SELL NOW WAIT TIL AFTER XMAS
GuildF40 2 years ago
Guild - Why would you advise that when many are predicting a "Bank Holiday" sometime between end August and begin Oct???
It would seem that KDenninger (of youtube) who blogs daily at market-tickerdotorg would Disagree w/you in his post of today (8/14).
MzProgressive 2 years ago
MZ
IMHO I trust my gut and if the US Gov.have passed the silvertax bill the market will flood of bars. Ok so thats the end of OCT.... Govt buys bars and then UK does the same.Most people will be too busy doing Xmas stuff toknow what is going on. After Xmas when we should have a huge public spend (and wont) then the SHTF as the figures for public spending will be awful.
GuildF40 2 years ago
Do you Remember when the laws loosened up to Allow Bullion to be part of 401Ks and other retirement instruments??? The Gov't through their Co-defendants (Authorized Bullion Dealers) pushed this legislation through and promoted the hell out of adding it to retirement portfolios, WHY? Because this would give them TAX access as a way to further Bleed money out of the Hard Working Citizen, oh I see it so clearly now. ROBBERY through Taxation.
CosmicDramaQueen 2 years ago
Trying to make people move there $ out of gold and into the economy.
meikagirl 2 years ago
Hi Mate,Good to see some aussies getting involved and setting up channels on economic issues.
What are you thoughts on the Australian property market?
If we have a 2nd wave of bad US news then things should get interesting in Australia.
There is no justification for the property bubble that exists and the corrupt Aussie bankers and silly governments have created a ticking time bomb. Ciao
cityslickeroz 2 years ago
cheers for the "ataboy" :)
i sold my house in feb - i can see tough times for the au property market starting the moment either the FHBG ends or interest rates start to rise...
stellaconcepts 2 years ago
I dont have any bars either....:)
minesapint123 2 years ago
or Ventura :)
nextdimensions 2 years ago
Up the volume just a little. Your videos are getting a little soft.
nanaroborovskii 2 years ago
Heh, check out the "related videos" to this one.....
no gold or silver here, move along now...
nextdimensions 2 years ago
How do you pay TAX on MONEY? Did it earn interest? Than they cannot Tax It.
MrBankRuns 2 years ago
they tax the gain it made against the fiat currency.
stellaconcepts 2 years ago
So when doing a tax return should we quote our earnings in ounces of gold instead of dollars? LOL
mallamoozoo 2 years ago
MrBankRuns - Please note that this broadcaster is talking about the U.S. taxing BULLION - Not gold and silver coins!
Which is a reason why I find Silver Eagles so attractive - and worth the higher surcharge. They are a U.S. "minted" Coins- and Constitutionally, such coins were required as the only form of money to be used here. (That is, until the treasonous "amendment" was passed under Wilson!)
If true, this is a tidy "catch 22" by the IRS, which deemed bullion "suitable" for IRAs.
MzProgressive 2 years ago
That is all Bull Shit. The Fed has the power to do WHATEVER IT TAKES to instill investor confidence and keep America competitive against foreign markets. Read the "Presidents Working Group On Financial Markets" @ Wiklipedia
MrBankRuns 2 years ago
Bullshit as in not true or bullshit as in that sux?
stellaconcepts 2 years ago
Semantics, or Sum mo' tax?
:P
(thanks John!)
cmstyz 2 years ago
I swear we're getting to the point that we just need to keep all of our money and PMs under the bed. Is it even legal to pretax money in a retirement account? Sounds awfully dishonest. But I guess they'll do anything at this point. Thanks so much John.
fal2grace 2 years ago 3
I just woke up and this has my attention.
My way of thinking is that if the U.S Gov. does in fact do this (pass the act) it proves what many of us think about huge price manipulation in physical GLD/SLVR. Yea a good dip appears to be coming which IMO will be just before a huge rally. Look at any silver price chart a week or so before last years crash!!!
Be cool and don't sell any of your metal. This is, if it comes true, will also alert millions of people to buying it up.
Coffee any one lol
GuildF40 2 years ago
white - two sugars thanks ;)
stellaconcepts 2 years ago
Just sipping away John and UPS just turned up with my F majestic order :o) (3 weeks early)
The rounds have a nice new design on the back none of mine have Mexico (looking like a poo) on the back lol
GuildF40 2 years ago
stir mine with a silver spoon thanks, it's a special occasion
mlndstream 2 years ago
I thought it suggested that the only way you could hold bullion in the Superannuation fund without being taxed was if you held it in coin form. I thought this would force people out of bullion bars which have a lower premium per ounce, and may also cause a bottle neck in the production and increase premiums on coins as everyone starts to only demand coins, which I thought would slow the speed at which customers got their hands on metal, as you get much more silver for your money per 1Kg bar?
mlndstream 2 years ago
Who puts silver or gold bullion in an IRA,401k or Roth anyway? That kind of defeats the purpose of holding bullion anyway. One holds bullion to withdraw from the system, but more important, those tax sheltered saving plans are to avoid taxation of interest until withdrawl. Anyone here have interest bearing silver other than paper? The govt's strategy is of academic interest only - showing their desperation and panic.
luxomni 2 years ago
People may put bullion into a retirement account like a 401k because the money they spent on the bullion would be not be taxed. Does that sound right?
Silveracity 2 years ago
Silveracity - That's right about the ROTH IRA - which is a post-tax contribution, and does NOT get taxed when you cash it out. (Unlike standard 401Ks, which are pretax - and offer immediate tax savings.) ROTH investments are only allowed to citizens making roughly $50K or under, per year - so big earners do not get this advantage. I believe the max allowable contribution is somewhere around $5K per year, but increases slightly in increments as the taxpayers' age approaches that of retirement.
MzProgressive 2 years ago
exactly.
YouWinForever 2 years ago
Tax deferral is putting off tax until a later time when presumably your taxes will be lower (i.e. retirement - post work). Do you think taxes will ever be lower anymore?
luxomni 2 years ago
My guess was, that when I retired, I would be making far less money than I am now, and would be in a lower tax bracket.
Silveracity 2 years ago
Yeah holding gold and silver in a IRA is like just taking a statement that you have gun.
If you need the gun and all you have is a statement it will not do much good.
davincij15 2 years ago
partially true. I own the physical in a Gold Star PM IRA. I can get it today if I pay the penalty. They just want to force PM owners into the market fiat pyramid scheme. Fine. The ass-clowns will not get the last laugh. At least they will go to hell.
YouWinForever 2 years ago 3
If you have an IRA, at least some of the IRA ultimately belongs to the government - their rules. Best to avoid it all completely at the front end. And remember under Clinton, they have already made a pass at a "one-time" 15% tax on IRAs and 401k's and 403b's. Fortunately, at that time there was a Republican control of the House of Representatives. Another try?
luxomni 2 years ago
People like me who are self employed with a small business do it. I saved my small IRA by taking it from my Chase Financial adviser (oximoron) and putting it into a self directed precious metals IRA before the crash. I stopped contributing and take posession but I was trying to avoid the tax for early IRA witdrawal. There were no commerials to say do this when I did it. Last week I told my wife I was worried because the MSM was saying do it. BOHICA.
YouWinForever 2 years ago
CROOKS!!!
413dan 2 years ago
"WHATS NEXT"?
But, you are saying this like it's a forgone conclusion. We need to wait, at least a day, for the particulars. Yes, I know the history of these things too...
If this is for real, who is responsible for these kinds of decisions? Treasury? Does congress need to vote on these things? Is the Fed involved? Are we going to find out tomorrow that this is merely a proposed bill?
vaaaska 2 years ago
Ill know more tomorrow when I get the newsletter, but according to what we heard, its an IRA matter, and last time I checked, they dont need anything to make their rules... certainly not a vote in congress.
stellaconcepts 2 years ago
It wouldn't matter if there was a "vote" in Congress anyhow. Congress is clearly in the pocket of the Fed; all they have to do is declare a "need" and make their wants mandatory (with few, if any questions).
medulalumosa9 2 years ago
What do you think they might to do the Goldmoney accounts John? Why can't these incompetent low lifes keep their hands off!
campeona5 2 years ago
well we cant be suprised by anything anymore....
stellaconcepts 2 years ago
It is apparent that the effect is to have the PM's drop, which is what is happening. To me, this only underscores that the real market powers still are very much in control, that no matter what occurs in the developing wold, the PM market is still cotrolled in London/NewYork. This is what I was afraid of, that those powers are going to do what they need to in order to make money doing no work. A simple phone call is all they need in order to change the game to their favor.
ripperduck 2 years ago
True, to a degree. They can't suppress the market forever though. Too much pressure has already built up for them to be successful over a long term time period.
medulalumosa9 2 years ago
My thought is that they are the market, as of now. Question is for how long? USAAmericans for the most part have no clue as to the existence of PM's as a viable investment. We have been trained to only look at that which we have bee told are "legitimate" investments. And the PM's aren't that. When will their control be broken? Who the hell knows.....
ripperduck 2 years ago
I think their control will be broken the moment the dollar is dropped as a reserve currency, and this won't be too long now -we're buying our own bonds after all. The BRIC nations aren't fooled and neither are others, the dollar is teetering.
medulalumosa9 2 years ago
Very sick. That is theft.
linux23dragon2008 2 years ago 4
Note it was bars and not coins. US Gold and Silver Eagle coins enjoy some tax protections under law. One might simply convert out of bars into Eagles, though at a loss to the premium (which could be recouped on eventual sale). However, how many people actually hold PMs in their IRAs, and of those, how much is in bars? Troubling, but very narrow in focus, for now. Too bad so few own PMs for us to form an effective lobby, to protect ourselves in Washington. ='[.]'=
Raycheetah 2 years ago
few things:
1. if you have 10oz gold, you might be able to buy 7-8oz in coins - so the government has sapped up 2-3 oz there.
2. If you sell your gold - you are still liable for tax - so say you sell 10 oz, you might have to pay the value of 1-2 oz tax... you cant buy as many coins again
3. Comex futures are settled in bars... thats what its being used for in my opinion
4. WHATS NEXT... if they are already doing this - where are they going to be in 1 year time?
stellaconcepts 2 years ago
This is sick, and a huge deal.... but we aint seen nothing yet!
drutter 2 years ago 3
deflationary debt vortex ...deleveraging
economic yard sale ..cash is king ..
chena3 2 years ago 3
Ｖｅｒｙ ｉｎｔｅｒｅｓｔｉｎｇ Ｊｏｈｎ． So we may have another big dip soon? Time to load up on physical.
tokyoexports 2 years ago 3
I would hold off. Silver fell from 21 intraday to eventually less than 9 intraday. It has been range bound for nearly two years and may go on that way indefinately. No need to rush, this may take quite awhile for this to work out. Or it may not at all. At this point, just wait and see because their are no set rules....
ripperduck 2 years ago
When the dollar colapses there will be no sign n rummer no warning.
One day you will wake down 50% in the best case. This will get the toxic assets up 100% in value. So don't look at it as a bad thing for the banks.
davincij15 2 years ago
I never miss Chapman. Thank God we own physical.
tradergee1 2 years ago 3
this video isnt working for me. wtf!
GLADIATORvsNWO 2 years ago
Yes,
the USA govt will change all sorts of laws as this mess gets deeper.....the govt is broke they are desperate.......
dojufitz 2 years ago 7
Thanks a lot for the update on this. There has been an ENORMOUS amout of pressure by lots of many advertisers to get people to convert their IRAs over to physical gold/silver. It seemed fishy and now it all is falling into place.
Avigadro 2 years ago 8
so sick!
stellaconcepts 2 years ago
Thanks John for the crucial info. It really does seem like the system is bursting at the seams. We need to hold on tight and try out best to avoid the deluge.
dabruin2 2 years ago 3
retirement ira is pretax, to tax it while it is in an account seems illegal. it will be interesting to learn of the details. to cash in an ira early you pay a penalty and taxes, plus are open to additional in that tax year. possibly this will force some pm inventory into the market for those opting to avoid this new tax (law?), by rolling out of metals ira and into traditional. great find john and again thank you for your work. in anticipation of the rest of the story.
watcher0777 2 years ago 6
Haha, the whole "Federal" Reserve and IRS are unconstitutional and therefore illegal. When the masses figure this out their game is over.
DontTread0nMe1776 2 years ago 2
Income tax is constitutional, because of the 16th amendment, you would need to get that repealed before you can really call it unconstitutional.
As for the Federal Reserve Id guess its unconstitutional, but its sure been pretty tough to get rid of these last 96 years, hasnt it?
Silveracity 2 years ago
That's right. The Fed, and cockroaches..
cpswyl2 2 years ago
it is unconstitutional to tax because the 16th amendment was never ratified! another cover up yet again u really cant trust these guys
nickstar717 2 years ago 2
The 16th amendment was never ratified and the supreem court has ruled that no new taxes were levied on the public.
So taxes are extorted. Some get convicted of a law that does not exist and some get aquitted.
davincij15 2 years ago
While an argument can be made that the 16th amendment was never properly ratified, its still sitting there as an amendment to the constitution. Thats why I'd really like to see it repealed, so there would no longer be any questions about it.
Silveracity 2 years ago
This is why having physical possession of your PMs is best.
waldentree 2 years ago 5
Own it in your hands ,, no problems then.
keithholden 2 years ago 5
Except they will make you an outlaw and a Felon. I guess anti-fascist outlaws will be the new rock stars in AmeriKa.
YouWinForever 2 years ago
my fear of this kind of thing is why I decided to stay away from any type of investment which has to be claimed before selling. I prefer to pay income taxes than risk this kind of thing, and then buy physical metal and take possession... and, something tells me that by the time they get around to taxing what I previously took possession of, I will have somehow lost it... "I thought I buried it right here... and now it's gone!"
magichandpuppet 2 years ago 5
It's like they're holding us upside down and shaking us, getting the last little bits of real money out of the populous!
Is this really in the best interest of the people? I don't think it is. We should resist.
drutter 2 years ago 8
It's in the best interest of a few select people, that's for sure.
Resistance will come. The pressure is building....
medulalumosa9 2 years ago 5
Outrageous!! Thieving bastards.
Thanks for the update John
medulalumosa9 2 years ago 6
I think we are on the edge of a mass tax revolt in America! The IRS can't throw us all in prison.
DontTread0nMe1776 2 years ago 2
A very excellent point! We may have lots of prisons in this country (probably more than any other) but they can't lock up everyone. -And I'm sure that if they tried to get many of us there would be such outrage considering how many fat cats are using the system to either find loopholes or changing the laws themselves, that there's bound to be civil disobedience everywhere. *major grin* They are literally tying the knot in the noose that we're going to hang them with.
medulalumosa9 2 years ago
I agree.
Tax revolt, secession, bring our military back home, then rebuild.
cmstyz 2 years ago 2
As always.... great info.... Thanks John
frontier1701 2 years ago 5
If this turns out to be true, this means the price suppression scheme is literally about to collapse. Unfortunately, this likely would also mean that the world as we know it has just changed forever. Ironic. BTW Stella, nice scoop!
Eraser7622 2 years ago 10