Tuesday, November 1, 2011

Loopholes using Silver/Gold Eagles as money?

Loopholes using Silver/Gold Eagles as money?


The treasury does coin gold and silver money, just like the constitution says: $50 gold eagles and $1 silver eagles. Can you transact in them and declare face value? Lindsey Williams says "gold and silver are the money of the elite..." is it possible to use gold and silver American Eagles like money to avoid reporting transactions and paying taxes? I don't know, don't try this at home folks. Profit from gold/silver is taxed at 28% of the gains. So if you sell your silver at the same price you bought it, naturally no profit so no taxes.

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