Gold and Silver Taxes - Mike Maloney

http://www.goldsilverdvd.com Hi folks, I've just returned from a week in Singapore with Mike and have truckloads of new footage to upload. Thought it would be nice to post this first. It was filmed at the Silver Summit Asia a couple of days ago. I had asked Mike to put some time aside later that night to film responses to some YouTube questions, but Mike decided to share one of Silverfuturists questions at the Summit Q & A session with attendees from all over the world! How cool is that?

I'll be uploading more adventures from Singapore (and Taipei) over the coming days. Trailers for the movie are just days away...

Strap yourself in!

Dan

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[RANDYROMEN1981]

you probley get this all the time but roughley what price per oz will silver be say in the next 2-3 years

[whygoldandsilver]

@RANDYROMEN1981 Cmon, nobody can predict that

[rolficus]

its great that mike takes time to mention and view other peoples opinions on silver good stuff shows he is down to earth

[whygoldandsilver]

@rolficus Thanks, more videos with David Morgan on the way

[pepintheshort100]

Silverfuturist is my favorite guy on youtube.

He is simply the best!

[whygoldandsilver]

@pepintheshort100 He's pretty cool huh, I like it when he busts out random yoga moves

[silverfuturist]

Awesome! Great answer to my question, I agree they will tax us, but the gains will more than make up for the taxes.

[TadRapidly]

SilverFuturist is THE MAN.

[TWSceptic]

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.

[nrkgalt]

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.

[MONOPOLY35]

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!

[NoIDidunt10]

@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

[RealGoldRealWealth]

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!

[ConspiracyRealist12]

If Obamacare stays then gold will be taxed by the beginning of 2012...

[mphello]

@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.

[Meowbay]

@whygoldandsilver Meaning it's still a HUGE gamble. Then why exchange cash?

[BeholdZeus]

Does Mike Maloney actually answer the questions on this channel? No way. I must be dreaming!

[rickrocker]

@BiggerThinking1 Because they wouldn't be able pass it unless they hide it!