There Will Be Taxes on Gold & Silver

Silver Vigilante In the gold and silver markets, taxes and the IRS are just as certain as banker manipulation and numismatic scams. Rightfully so, many individuals concern themselves with tax and privacy issues when buying and selling gold and silver. Indeed, in the United States today, an individual who profits on a precious metal purchase is on the hook with the IRS for 28% of that profit. As demonstrated here, it is much worse in other countries. Furthermore, as most bullion retailers are under the Patriot Act considered “dealers,” they then have to conform to the standards of a bank in many cases. This means they must collect sensitive data in the case of IRS inquiries. To boot, much of the Patriot Act is marred by bureaucratic technicalities and so unclear to the public. Some precious metals dealers acknowledge this and offer their customers a guideline on bullion purchasing. Under current laws, when an individual sells certain gold and silver products, the transaction is considered a reportable event. Many dealers, such as GoldSilver, steer their customers away from those products they would currently have to report when the time comes. But, will the reasoning in this hold true over time? I think not, and that these reporting requirements reflect only the current reality. The government has attempted already to impose reporting requirements on all transactions above $600 in the form of a 1099 addendum through the healthcare act. Gold and silver are long-term investments when considering that they are hedges against an agenda implemented by elitist technocrats based on incrementalism. Furthermore, the manipulation in the markets also make them a long-term investment in most cases. This implies that, by the time for a precious metals holder to liquidate their position, the laws will be significantly changed. And many of the new and altered laws will be focused on data gathering. What follows is the guidelines that appears on a number of bullion dealers websites. In terms of silver bullion, the national government minted coins carry higher premiums than do their privately minted cousins. These nationally minted coins are the ones which do not carry the reporting requirements of the privately minted coins and bars. Read More

Silver In a New World Order

Silver Vigilante If I were reincarnated, I would wish to be returned to Earth as a killer virus to lower human population levels” -Prince Phillip, Duke of Edinburgh A meme which runs through the minds of men and women, just as popular as household celebrities like Brad Pitt and Madonna, maintains that overpopulation and wear on the earth will from here-on-out turn to a wasteland the teeming rain forests and athirst deserts and render all life on earth at odds with survival itself. Paul Ehrlich, according to The Guardian, is “the world’s most renowned population analyst.” In an interview with the publication, Ehrlich recently championed a mass reduction in how many humans live on earth. He also then called for the egalitarian society of Communist cultures, saying natural resources should be redistributed from rich to the poor. The linguistic niche of the environmental movement, in my opinion, is one of the best modern examples of the use of news-speak. The desires of so many of the movements leaders and followers not only come across as reasonable, considering the filth of the modern city in which 90% of men and women on the planet now reside (a trend of the last century in particular), but also oftentimes the environmentalist’s views comes across as humane. But be not misled by the throes of seductive language, for a phrase can read a million ways. The solutions of many environmentalist leaders, such as Ehrlich, arise from a small-minded school of population analysts, who call repeatedly for “humane” forced sterilization through the manipulation of food and water via the addition of drugs. The 2005 story of a KFC chicken meal poisoning and brain damaging a young Australian girl is one example of such techniques. Read More

500% Club: Silver Price and Student Debt

Silver Vigilante Student loans are an excellent example of how the modern lending system manifests ancient modes of control. In the United States, long before the modern student loan, for the promise of prosperity thousands of individuals came to the New World as indentured servants. Once they arrived in ‘America,’ ‘twas their job to work to pay off their sail across the pond, an endeavor which lasted years and a decision most young men did not make for themselves. Instead, their fathers worked out the terms and signed the legal papers, handing custodianship of son over to ship captain. Sound familiar? In the last decade, as student loan debt increased, so too did the price of silver. Both trends are poised to continue over the medium term. (5 years+) First up is a chart based on New York Federal Reserve data for household debt. The red line on this chart represents the cumulative growth in the issuance of student loans since 1999. The blue line demonstrates the growth of all other household debt minus student loans. Read More

Bracing For Student Debt Tyranny

Silver Vigilante The student debt load in the United States has surpassed $1 trillion dollars and represents one of the surest financial hurdles facing young people in the United States. The debt load for many individuals has reached paralyzing levels, causing thousands to live life in despair and fear. Just four years of mediocre college can land an individual with more than $60,000 in debt. I implore you, however, no matter what your debt burden is, live your life to its fullest. Take deep breaths and look to the sky so that sun’s rays might lick you on your skin and get that melanin flowing. What follows are some financial and personal suggestions to get yourself in a position to minimize risk in terms of your college debt. The most fundamental part of minimizing the burden of overreaching college debt is knowing what plan fits best for your particular situation. Here are some general suggestions to help you start coping. First and foremost, buy physical silver. Silver has gained in the last decade + more than 500%. This easily outpaces any student debt interest and would be an effective hedge against the eventual paying off of these debts. To protect your own assets, each individual who is saddled with considerable student debt should consider opening a bank and investment account outside of your country of residence. You do not need to have large sums in savings outside the country (most of your savings should be in silver), but you need to know what it is like to operate on a global level. Consider strategically placing the legal title of your assets in another person’s name (like your spouse). Be careful, however, as this could have nasty side effects later. Do what you are able to create multiple streams of income so as to reduce your dependency in one area Obtain a secondary passport where possible. Many Canadians and Americans have rights to second citizenship based on ancestry. Usually, the application can be easily submitted directly to the government for less than $500. Read More