Posted on 06/13/2021 3:39:26 PM PDT by blam
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So, what is to prevent the government from deciding to start taxing Roth IRA’s?
A friend of mine’s father retired and took up metal detecting as a hobby. One day he was running his detector in the neighbor’s yard and found a bag of double-eagle gold coins in an old cistern.
Somebody probably hid them their to keep them out of FDR’s grubby mitts and died without telling anyone.
Now his father doesn’t know what to do with them since he can’t explain where they came from without losing them.
The thought that people would start shooting at them.
They are able to do whatever they please, whenever they please.
I don’t see it that way. If you get so dire that gold becomes a medium of currency, it’s going to get a whole lot uglier than a windfall profit tax
Sigh.
No Sale.
I will keep what is mine.
Gold bugs who always go back to 1933 are in fantasyland. In 1933, the dollar was backed by gold so the US Treasury had a very compelling reason to seize gold and give citizens IOUs. Today that compelling reason does not exist. Plus in 1933 gold was widely held and used. Today gold is a minute fraction of economic activity.
dark money
Gold stocks? Forgive my naïveté, but is that real gold?
He can say he found them in his own backyard.
They're still there somewhere...when I went back to get them it had flooded and erased every trace of where I had buried them.
I never found them.
Absolutely nothing.
But at least with a Roth IRA they are less likely to take your principal than they are with a regular IRA because if they reach the point of retroactively refusing to allow Roth to accrue interest without taxation they are also likely to say, with a regular IRA, that it was improper in the first place to let tax not be paid on the principal ... and so you not only will be assessed taxes on that principal you may be assessed interest or even penalties as well.
Of course they may forgive the penalties just to keep the sheep happy. Maybe even the interest too.
Progressivism is theft. Always has been theft. Only can be theft.
Progressivism produces scumbags.
Tell me more?
Also do you have a metal detector?
They won't know you have them, so they can't touch them.
When the SHTF, the Underground economy will be the real economy and where you'll want to be, anyway.
And that's where you can spend them.
There’s an agenda behind this disingenuous article.
There is an ongoing Precious-metal squeeze. Gold/Silver are selling for a good margin over spot. The squeeze will kill the COMEX and “paper” metals.
What this article is pushing is paper metals, as I don’t think there is a way to have physical metal as part of your Roth.
Don’t take the bait - physical Gold/Silver ONLY!
Why would he lose them?
No. It was on the side of a dirt road then and now it's a wide paved road. I've always thought that the road workers must have found them when they widened and paved the road.
My best friend went looking for them with his metal detector...no success.
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