Just one of the many little gifts that was snuck into the healthcare legislation bill that was recently passed. We have been overhearing various reports that starting January 1, 2012 United States federal law will require coin/bullion dealers to report to the IRS all gold and silver coin/bullion purchases and sales in excess of $600.00 - So not only will the politicians have better knowledge of who owns gold and silver but will now also be able to get a paycheck from those transactions. However there is hope, a new billis being introduced by Rep. Dan Lungren (H.R. 5141)to repeal this travesty. More to come.
-Blogging4Bullion
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