Gold dealers are NOT required to notify IRS for just any bullion sale. This vid does not qualify that comment. You can sell as many 24 carat coins as you want (this doesn't apply to Maples) and the dealer has no obligation to send out a 1099 (though I'm told they can do so "just to protect themeselves" - check with dealer). Gold Eagle (and silver ones) coins are exempt by statute from reporting requirement . BARS are different for some reason in that any sale of 1 kilo or more is reportable.
Why does the USA reward those who practice bad behavior and punish those who try to practice good behavior. No taxes on savings! There is a reason why I left the USA and can not move back to the USA or EU (Who shares info with the USA). And no, inflation is NOT taken into account. What they should do. Savings and investments (like gold) should NOT be taxed. There should be no welfare, nor jobs for illegal immigrants. America, protect your own citizens and reward those that save.
@charliehelyes Just curious. I had less than pleasnat dealings with these folks a couple years ago (tried to pressure me into so-called "Atlas Account [buy on margin and risk your financial future!!] and I finally had to get management to call off the dogs. Always interested in hearing MONEX stories. Besides his Vince McMahon, Jr. carnival barker/televangelist appearance, what else have you learned about this guy that caused you to call him fake.
for tax purposes? .. that only devalues the gold again. if enough time pases the paper money gets a bigger number for per ounce of gold... or d they count inflation into the numbers?
Gold dealers are NOT required to notify IRS for just any bullion sale. This vid does not qualify that comment. You can sell as many 24 carat coins as you want (this doesn't apply to Maples) and the dealer has no obligation to send out a 1099 (though I'm told they can do so "just to protect themeselves" - check with dealer). Gold Eagle (and silver ones) coins are exempt by statute from reporting requirement . BARS are different for some reason in that any sale of 1 kilo or more is reportable.
teller121 2 days ago
Why does the USA reward those who practice bad behavior and punish those who try to practice good behavior. No taxes on savings! There is a reason why I left the USA and can not move back to the USA or EU (Who shares info with the USA). And no, inflation is NOT taken into account. What they should do. Savings and investments (like gold) should NOT be taxed. There should be no welfare, nor jobs for illegal immigrants. America, protect your own citizens and reward those that save.
ianjohn05 1 month ago
fake mike maloney
charliehelyes 2 months ago 5
@charliehelyes Just curious. I had less than pleasnat dealings with these folks a couple years ago (tried to pressure me into so-called "Atlas Account [buy on margin and risk your financial future!!] and I finally had to get management to call off the dogs. Always interested in hearing MONEX stories. Besides his Vince McMahon, Jr. carnival barker/televangelist appearance, what else have you learned about this guy that caused you to call him fake.
teller121 2 days ago
for tax purposes? .. that only devalues the gold again. if enough time pases the paper money gets a bigger number for per ounce of gold... or d they count inflation into the numbers?
Srbskiiinat 4 months ago
@Srbskiiinat
Just leave the USA
ianjohn05 3 months ago
@ianjohn05 aw come on, don't tell him to leave USA.. :( explain something to him. He has two question marks in his comment!
abeismain 1 month ago
Thank for the awesome info :)
SilverGoldBuddy 4 months ago
This has been flagged as spam show
wtf? this guys name is mike maloney?
Wittmann73 5 months ago
Comment removed
Wittmann73 5 months ago
This has been flagged as spam show
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goldenladyfun 6 months ago