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To: jiggyboy
Starting on January 1st in 2012, S federal law will require coin and bullion dealers to report to the Internal Revenue Service all gold and silver coin purchases and sales greater than $600.

Is there any way to verify this?

80 posted on 07/17/2010 8:15:31 AM PDT by ExSoldier (Democracy is 2 wolves and a lamb voting on dinner. Liberty is a well armed lamb contesting the vote.)
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To: ExSoldier

I think I found the text of the bill itself here
http://democrats.senate.gov/reform/patient-protection-affordable-care-act-as-passed.pdf
then I searched for “9006” as that is the section that is reported to have the part about gold. Well I have to say that Section 9006 is pretty short, and does not mention anything about gold or in fact anything else specifically. Basically that section has a few “amends IRS section XXXX thusly:” by expanding definitions (I think).

Claims like that in the original post must be based on an interpretation of the new section, not as something you can point to directly. There are mentions of “the gold plan” and “the silver plan” as one being a fancier health plan than the other, but there no mention of actual gold and silver itself anywhere in that link.


132 posted on 07/17/2010 8:25:34 PM PDT by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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