I'm happy to live in a country where government doesn't raise taxes on gold and only a small % on silver. Americans can avoid the taxes if they buy gold and silver outside their country or move out when the government is going to raise it.
One possible solution is to accumulate non-precious metals like iron, copper, aluminum, etc. They do take up more space than gold and silver, so you will either have to pay for storage in a warehouse or build a big shed in your backyard. Then again, will gold and silver you would have to buy a safe or pay for storage in a vault.
CURSE YOU Section 9006 of the Health Care Bill! In 2012, buying a half oz gold coin will have to be reported to the IRS. As we enter more inflation, no one will be able to buy gold period, let alone a silver coin without the government knowing about it. I don't want the government to know what I'm buying!
@ThomasAchord Any time you go to a dealer ,you will be rquired to fill out a form if you are buying a certain amount in silver (over $1000 ) and you must fill out a form for gold,too
Thanks Mike for continuing to shine the light around the world. Now Silver has gone through $40/oz. perhaps, just perhaps people will start to take notice. Hi Ho Silver... Away!
What if they impose a ridiculous capital gains tax like 90%? We need to start giving serious consideration to our legal argument (as we may need a class action defending the theft of our rightful ownings.
Some starting thoughts (needing much development to standard of legal argument) are the following points:
1. Its not REAL capital gains - its NOMINAL capital gains in decreasing value FIAT. (ie divide gains by inflation (which may be 1000% over next ten years) to measure REAL capital gains.
2. Some argument along the lines that FIAT- whilst legal tender meaning it must be accepted as payment- doesnt mean its exclusive- ie the ONLY form of money- ie individuals' right to use other forms of money with other parties consenting to alternative form of money. (Of course Tax Dept will have some provision in their 8 million word tax code deeming "equivalence" in their FIAT money)
3. What if you buy it in one currency and sell in another (in which there is not even nominal gains)?
@whygoldandsilver My esteem of you just quadrupled for your honesty and humility, in contrast to those who are so "certain" about events, both past and future, of which they know nothing (or no more than anyone else)! I bought 1200 ounces silver since December 2010, and I never thought about "getting rich". I only hope to hedge my savings and to survive somewhat comfortably as oil declines, climate change worsens, food prices soar, and the USA gets stupider.
"starting on January 1st in 2012, US federal law will require coin and bullion dealers to report to the Internal Revenue Service all gold and silver coin purchases and sales greater than $600."
well "we" the buyers of bullion & Coin account for about 5% of the gold "sales" in a given year.. so no matter how much we buy, we have very little affect on the market
@whygoldandsilver he doesn t tell us that silver went to 50dollars and then went down to i think less than half of that price in six months. The upside, is that it is undervalued at the present and also what the governments are doing. The supply side also helps.
Our mate Silverfuturist has a vid up about how when Gold prices go up through the last 100 years or so, Silver does not manage to keep up with it according to the Gold/Silver ratio. What does Mr Maloney think? Is Silver still a better investment given this statistical evidence? Thanks digger
with silver i am also buying up raw land. I just bought 40.33 acre ranch in N AZ for 13k county has it apraised for taxes at 34k. yearly taxes are around 80.00 a year. I also just recieved 150 oz of silver (eagles and mapleleavs) Plan is to get into another large acre property possably in colorado or utah next. forclosed land is "DIRT" cheep. once silver peaks to a ratio around 18-22 to 1 to gold, I sell off and look at put the money into an actual home or homes.
from what ive read i think the us dollar will collapse and go back to the gold standard. i want to know what Mike Maloney thinks of the "Amero" some think it will be the new us dollar, similar to the euro- the Amero would comprise of mexico, united states and Canada.
@ev06dre Real Estate and commodities generally move in opposite cycles, so as precious metals become overvalued Real Estate should be reaching undervalued territory. Mike says that cash flow Real Estate is really the ultimate investment and that's his goal too, but he is using the precious metals cycle to amplify the amount of Real Estate he can invest in, in the not too distant future.
Isn't it possible to bypass taxes on bullion if legal tender coins are purchased and then spent as money later when the public appreciates the monetary value of gold/silver and since it would be a direct exchange for other real goods, then you wouldn't legally need to pay tax right?
I have a question I hope someone can answer, sorry in advance, it's a hard one. Andrew Maquire on KingWorldNews openly said leveraging of silver is 100 to 1 in reference to JPMorgan & HSBC shorting silver contracts, that 99 of 100 quantities of silver not yet delivered simply does not exist. Do you have any idea how to find out, or even guestimate, the leveraging level that applies to gold?
@ytgv3fc7 Divide all the gold in the world (not much) by all the paper promises to pay gold (stacked to the moon) then multiply it by the amount of physical gold held by the ETFs (not much) and divide that by the average velocity of JP Morgan employees as they get out of Dodge when this thing is uncovered (very high)...
...and finally add that to the amount of times we've managed to get into this paper promise mess throughout history (plenty) and you should have an answer approaching somewhere near infinity. Hope that helps! (If not, I guess I should ask Mike)
Hi, I have a question for Mike, in the other video shot in his car, he mentioned the Singapore dollar should also be weak according to the pace of its central bank printing. But recently Marc Faber also mentioned that the only sound paper currency in this world is the Singapore dollar! I mean who is right here?????????????????? Thanks!
@lisajason111 Great question. The strength of the Singapore dollar will be covered in future videos. Remember though...it's just another piece of paper being created out of thin air by a privately owned central bank. You can't print gold or silver.
Great stuff. We are all a small fringe community now, but in a few years every mom and pop will be into silver and gold and we will all remember the days when we read Mike Maloney's gold and silver book years before everyone else. This channel and all of its subscribers and listeners will be the new millionaires in the next decade.
@GuildF40 Thanks GuildF40, love your vids mate...watch yourself! I'm about to upload an 8 minute rant from Mike from the back of our hosts car. Mike had just been interviewed via satellite on Bloomberg and made it to clear to millions of people that silver is more rare than gold, and that governments worldwide are printing currency from thin air. It's a great watch, might take a few hours to upload though. My web connection is like sucking meatloaf through a straw...
Yay! Thanks for asking silverfuturist's question and congrats to silverfuturist on getting his question through. : )
I agree with Maloney, it only seems logical that gov'ts would impose taxes and place blame on precious metals investors, although it was the banks who were the real speculators and the Fed who helped them cover up their shenanigans.
In the end it won't matter since the return on our meager investments will by far outpace other investment classes.
@silverfuturist By that time it is likely to be more common knowledge how it is possible to lawfully withhold taxes that would otherwise be used to commit criminal acts (such as wars etc..). To NOT withhold such taxes effectively makes you complicit in the same crime and therefore partly responsible.
I'm happy to live in a country where government doesn't raise taxes on gold and only a small % on silver. Americans can avoid the taxes if they buy gold and silver outside their country or move out when the government is going to raise it.
TWSceptic 2 months ago
One possible solution is to accumulate non-precious metals like iron, copper, aluminum, etc. They do take up more space than gold and silver, so you will either have to pay for storage in a warehouse or build a big shed in your backyard. Then again, will gold and silver you would have to buy a safe or pay for storage in a vault.
nrkgalt 3 months ago
CURSE YOU Section 9006 of the Health Care Bill! In 2012, buying a half oz gold coin will have to be reported to the IRS. As we enter more inflation, no one will be able to buy gold period, let alone a silver coin without the government knowing about it. I don't want the government to know what I'm buying!
MONOPOLY35 5 months ago
@ThomasAchord Any time you go to a dealer ,you will be rquired to fill out a form if you are buying a certain amount in silver (over $1000 ) and you must fill out a form for gold,too
NoIDidunt10 10 months ago
Thanks Mike for continuing to shine the light around the world. Now Silver has gone through $40/oz. perhaps, just perhaps people will start to take notice. Hi Ho Silver... Away!
RealGoldRealWealth 10 months ago
If Obamacare stays then gold will be taxed by the beginning of 2012...
ConspiracyRealist12 1 year ago 2
Does Mike Maloney actually answer the questions on this channel? No way. I must be dreaming!
BeholdZeus 1 year ago
What if they impose a ridiculous capital gains tax like 90%? We need to start giving serious consideration to our legal argument (as we may need a class action defending the theft of our rightful ownings.
Some starting thoughts (needing much development to standard of legal argument) are the following points:
1. Its not REAL capital gains - its NOMINAL capital gains in decreasing value FIAT. (ie divide gains by inflation (which may be 1000% over next ten years) to measure REAL capital gains.
BiggerThinking1 1 year ago
2. Some argument along the lines that FIAT- whilst legal tender meaning it must be accepted as payment- doesnt mean its exclusive- ie the ONLY form of money- ie individuals' right to use other forms of money with other parties consenting to alternative form of money. (Of course Tax Dept will have some provision in their 8 million word tax code deeming "equivalence" in their FIAT money)
3. What if you buy it in one currency and sell in another (in which there is not even nominal gains)?
BiggerThinking1 1 year ago
Read this important book for free on internet,here you have in detail,their plan,their tricks and what is coming.
who Is Esau-Edom..Who Is Esau-Edom.
MsMihailescu 1 year ago
you probley get this all the time but roughley what price per oz will silver be say in the next 2-3 years
RANDYROMEN1981 1 year ago
@RANDYROMEN1981 Cmon, nobody can predict that
whygoldandsilver 1 year ago
@whygoldandsilver Meaning it's still a HUGE gamble. Then why exchange cash?
Meowbay 1 year ago
@whygoldandsilver My esteem of you just quadrupled for your honesty and humility, in contrast to those who are so "certain" about events, both past and future, of which they know nothing (or no more than anyone else)! I bought 1200 ounces silver since December 2010, and I never thought about "getting rich". I only hope to hedge my savings and to survive somewhat comfortably as oil declines, climate change worsens, food prices soar, and the USA gets stupider.
mphello 1 year ago
its great that mike takes time to mention and view other peoples opinions on silver good stuff shows he is down to earth
rolficus 1 year ago
@rolficus Thanks, more videos with David Morgan on the way
whygoldandsilver 1 year ago
"starting on January 1st in 2012, US federal law will require coin and bullion dealers to report to the Internal Revenue Service all gold and silver coin purchases and sales greater than $600."
It's in the Health Care Bill.... Thanks, Obama
rickrocker 1 year ago
@rickrocker Where is this in the bill?
STRATERCAS 1 year ago
@STRATERCAS "Section 6041 of the Internal Revenue Code
of 1986 is amended"
Section 9006 of Public Law 111-148
rickrocker 1 year ago
@rickrocker Google: "health care bill section 9006"
See "(a) IN GENERAL.—Section 6041 of the Internal Revenue Code
of 1986 is amended..."
Read the subsections
Google: "Section 6041 of the Internal Revenue Code"
Google: "repeal health care bill 9006"
rickrocker 1 year ago
@rickrocker CAn anyone give a quick explanation of why tax issues are inserted into the so-called "Health"care bill?
Is this what they call ear-marks?
BiggerThinking1 1 year ago
@BiggerThinking1 Because they wouldn't be able pass it unless they hide it!
rickrocker 1 year ago
Silverfuturist is my favorite guy on youtube.
He is simply the best!
pepintheshort100 1 year ago 4
@pepintheshort100 He's pretty cool huh, I like it when he busts out random yoga moves
whygoldandsilver 1 year ago
well "we" the buyers of bullion & Coin account for about 5% of the gold "sales" in a given year.. so no matter how much we buy, we have very little affect on the market
cds162 1 year ago
Do you agree with Mike? Please post your thoughts below, thanks! Dan
whygoldandsilver 1 year ago
@whygoldandsilver he doesn t tell us that silver went to 50dollars and then went down to i think less than half of that price in six months. The upside, is that it is undervalued at the present and also what the governments are doing. The supply side also helps.
jayangli 1 year ago
...ladies and gentlemen,
it is time to switch this machine to 4-wheel drive.
moofph 1 year ago
Our mate Silverfuturist has a vid up about how when Gold prices go up through the last 100 years or so, Silver does not manage to keep up with it according to the Gold/Silver ratio. What does Mr Maloney think? Is Silver still a better investment given this statistical evidence? Thanks digger
Liam1304 1 year ago
@hinch777 Physical metals outperformed mining stocks in the 70s bull. KISS
whygoldandsilver 1 year ago
with silver i am also buying up raw land. I just bought 40.33 acre ranch in N AZ for 13k county has it apraised for taxes at 34k. yearly taxes are around 80.00 a year. I also just recieved 150 oz of silver (eagles and mapleleavs) Plan is to get into another large acre property possably in colorado or utah next. forclosed land is "DIRT" cheep. once silver peaks to a ratio around 18-22 to 1 to gold, I sell off and look at put the money into an actual home or homes.
johnywinslow 1 year ago
SilverFuturist is THE MAN.
TadRapidly 1 year ago 9
from what ive read i think the us dollar will collapse and go back to the gold standard. i want to know what Mike Maloney thinks of the "Amero" some think it will be the new us dollar, similar to the euro- the Amero would comprise of mexico, united states and Canada.
andersonlance12 1 year ago
What is going to be the next thing to invest in when we have made our gains in PMs? Guess the question is what's the next bubble? Thanks
ev06dre 1 year ago
@ev06dre Real Estate and commodities generally move in opposite cycles, so as precious metals become overvalued Real Estate should be reaching undervalued territory. Mike says that cash flow Real Estate is really the ultimate investment and that's his goal too, but he is using the precious metals cycle to amplify the amount of Real Estate he can invest in, in the not too distant future.
whygoldandsilver 1 year ago
@ev06dre then it would be time to invest in cheap property and stocks.
andersonlance12 1 year ago
I subscribed
ewffaces7 1 year ago
If the did inpose a tax, then wouldn't the cost of PM's rise accordingly? So if wee buy Silver before the tax, then we havean instant gain..right?
jdl1881 1 year ago
Isn't it possible to bypass taxes on bullion if legal tender coins are purchased and then spent as money later when the public appreciates the monetary value of gold/silver and since it would be a direct exchange for other real goods, then you wouldn't legally need to pay tax right?
mlndstream 1 year ago
@mlndstream Great question, I'll add it to the list.
whygoldandsilver 1 year ago
PLEASE make sure to post the answer to the following question: Do you truly believe that silver will be the same price as gold in the future?
He and Robert Kiyosaki have said that in their books and I want to know if they really mean it.
Tasadaru 1 year ago
@Tasadaru This question is covered in the first fil, due for release shortly. Stay tuned.
whygoldandsilver 1 year ago
Just remember 1400oz of Silver gets vaporised everytime a decent size missile explodes.....never to be recovered.
Just how many bombs have been dropped over the last 30 years?
The US had a stock pile of 2 billion ounces of Silver once.....
that vanished in 2003.................keep stacking..
dojufitz 1 year ago
@dojufitz I hadn't come across that info before...do you have any stats on that? Crazy world we live in.
whygoldandsilver 1 year ago
@whygoldandsilver
The article was on the silverbearcafe com.
It was talking about Silver in a defence crisis.
dojufitz 1 year ago
@dojufitz thanks for that I'll try and find it. This new YouTube format makes tracking comments a bit of a drama =)
whygoldandsilver 1 year ago
Good video! Thanks for answering silverfuturist's question :)
drutter 1 year ago
@drutter Did you see that Dan the Cameraman mentions you in one of these videos?
Lexi8888 1 year ago
@Lexi8888
Yeah! :) Dan's a big YouTube nerd like us.
drutter 1 year ago
@drutter haha yep just payin my dues =)
whygoldandsilver 1 year ago
Assuming we do have a free market and the manipulation is over, what are the free market prices for silver and gold?
Not priced in fiat currencies but value compared to real estate.
I think 1000 oz of silver or 100 oz of gold are the same value as 1 medium house in London.
MrEnglishful 1 year ago
I have a question I hope someone can answer, sorry in advance, it's a hard one. Andrew Maquire on KingWorldNews openly said leveraging of silver is 100 to 1 in reference to JPMorgan & HSBC shorting silver contracts, that 99 of 100 quantities of silver not yet delivered simply does not exist. Do you have any idea how to find out, or even guestimate, the leveraging level that applies to gold?
ytgv3fc7 1 year ago
@ytgv3fc7 Divide all the gold in the world (not much) by all the paper promises to pay gold (stacked to the moon) then multiply it by the amount of physical gold held by the ETFs (not much) and divide that by the average velocity of JP Morgan employees as they get out of Dodge when this thing is uncovered (very high)...
whygoldandsilver 1 year ago
...and finally add that to the amount of times we've managed to get into this paper promise mess throughout history (plenty) and you should have an answer approaching somewhere near infinity. Hope that helps! (If not, I guess I should ask Mike)
whygoldandsilver 1 year ago
Hi, I have a question for Mike, in the other video shot in his car, he mentioned the Singapore dollar should also be weak according to the pace of its central bank printing. But recently Marc Faber also mentioned that the only sound paper currency in this world is the Singapore dollar! I mean who is right here?????????????????? Thanks!
lisajason111 1 year ago
@lisajason111 Great question. The strength of the Singapore dollar will be covered in future videos. Remember though...it's just another piece of paper being created out of thin air by a privately owned central bank. You can't print gold or silver.
whygoldandsilver 1 year ago
Great stuff. We are all a small fringe community now, but in a few years every mom and pop will be into silver and gold and we will all remember the days when we read Mike Maloney's gold and silver book years before everyone else. This channel and all of its subscribers and listeners will be the new millionaires in the next decade.
Exposethefrauds 1 year ago
nice one! I hope you will be able to provide a few videos from the silver summit... thanks for the vids!
cankorgbr 1 year ago
way to go SilverFuturist!
Zwikster 1 year ago
The tipping point approaches !
artdeco101010 1 year ago
Awesome! I'll happily give the government thugs another 5% if silver triples in price!
SpreadTheRev 1 year ago
We love Silverfuturist!!!!!
libertymom100 1 year ago
Brilliant stuff :o)
Great to the Tubers getting into MSM
4 fingers and huge thumb :o)
GuildF40 1 year ago
@GuildF40 Thanks GuildF40, love your vids mate...watch yourself! I'm about to upload an 8 minute rant from Mike from the back of our hosts car. Mike had just been interviewed via satellite on Bloomberg and made it to clear to millions of people that silver is more rare than gold, and that governments worldwide are printing currency from thin air. It's a great watch, might take a few hours to upload though. My web connection is like sucking meatloaf through a straw...
whygoldandsilver 1 year ago
@whygoldandsilver
Rome was not built in a day nor did it burn in a night mate
:o)
subbing
GuildF40 1 year ago
It is GREAT to see the push for HONEST MONEY picking up speed.
Well done silverfuturist, great question.
Andrew.
NowisEvollovetion 1 year ago
silverfuturist kicks fiat ass
preciousmetals168 1 year ago
Yay! Thanks for asking silverfuturist's question and congrats to silverfuturist on getting his question through. : )
I agree with Maloney, it only seems logical that gov'ts would impose taxes and place blame on precious metals investors, although it was the banks who were the real speculators and the Fed who helped them cover up their shenanigans.
In the end it won't matter since the return on our meager investments will by far outpace other investment classes.
I'll think of a question...
AgrippasNotebook3336 1 year ago
Awesome! Great answer to my question, I agree they will tax us, but the gains will more than make up for the taxes.
silverfuturist 1 year ago 12
@silverfuturist
Congratulations! : D
AgrippasNotebook3336 1 year ago
@silverfuturist By that time it is likely to be more common knowledge how it is possible to lawfully withhold taxes that would otherwise be used to commit criminal acts (such as wars etc..). To NOT withhold such taxes effectively makes you complicit in the same crime and therefore partly responsible.
TheHolySpirit 1 year ago
@silverfuturist that is so cool he answered your questions here at this summit!
pookypoo77 1 year ago
@silverfuturist
keep up good work bro,i been hearing your name all over the web!
littlegiantkennel 1 year ago
@silverfuturist What if they tax it 90%?
BiggerThinking1 1 year ago