New USA tax reporting rules on foreign gold will ensure more investment dollars leave the USA to the middle east.



I should have posted sooner when I sold my gold a few weeks ago.



But I wanted you to see this BEFORE you buy any Gold as a hedge against inflation.



It's FDRs Executive Order 6102 ( NEW DEAL ) circa 1933 done via taxes Obama style instead of making Gold in the USA illegal to own they will take ( TAX ) ALL of its intrinsic value to oblivion.



Pre 2001 gold prices could be seen again soon simply by the taxation on all non USA gold coins ---- using this as a catalyst to strengthen the dollar. A Master plan really!! People would never turn in their Gold to the Government the way FRD had the sheepeople do in the 30s.



In 2009 its stolen in the form of taxes.



See the fact of the matter this order was put into effect as a way to capture and destroy illegal tax havens ( Red herring )



Most investors own gold with a lower premiums this is why investors didnt buy USA gold in the first place.



Krugerrands and the Maple leafs have a 10-20 dollar premium where say all the USA Gold coins have a face value of 50 dollars, and most coin dealer get at least that much of a premium ABOVE gold spot price.



Even all USA silver minted coins are included, even the older American mixed metal coins, old FDR dimes, silver quarters ect totaling over 1000 dollars. You get taxed!



Lets see, you were taxed say 23% of your income that you have to buy gold at say $1000 per oz



So you want some Gold. The media is pushing it hard and you can buy a ½ oz Maple leaf this week and another the next week.



Well because you bought less than 500.00 worth of gold at a time, you just had to paid state and local tax on your gold investment ( FL its 7% ).



So far sales tax and income tax youre at 30%, and now lets say gold hits 1300. You feel like you made 300 dollars, but you are even money. You really never made a dime tax adjusted.



Now for the whopper. Any of the invest metals listed below are now reported as taxable gains good for another 15-30% tax - With Gold taxed at 60%, your two ½ oz Maple leaf coins have to see $1600 dollar gold before you make a penny!



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