Goldcoinsandbars

⚡️ “Precious Metals Current State in the Market” Why in the World Are #Taxes Levied on #Money Itself? Why in the World Are Taxes Levied on Money Itself? BY JP Cortez Imagine if you asked a grocery clerk to break a $5 bill, and he charged you a 35 cent tax.

Silly, right? After all, you were only exchanging one form of money for another. But try walking to a local precious metals dealer in more than 25 states and exchanging 20 Federal Reserve notes for an ounce of silver. If you do that kind of money exchange, you will get hammered with a sales tax. That’s the price you can pay for bucking the system and picking up a piece of the only true money mentioned in the U.S. Of course, sales taxes haven’t been around forever. Revenue hungry government officials in the 1930s brought us the first broad based, general sales taxes.

Today, sales taxes are part and parcel of any shopping experience, in 45 states in the Union. Putting aside whether taxes on consumer goods is right or wrong, charging sales taxes on money itself is beyond the pale. Your Nominal “Gains” from Owning Precious Metals Are Taxed as Income. Love and Fear Trade #Buying Will Drive #Metals, and These #Miners Higher. . .This Year! David Smith: Love and Fear Trade Buying Will Drive Metals, and These Miners Higher. . .This Year! [PVG, WPM]

Despite their recent underperformance, David H.

Smith, Senior Analyst with The Morgan Report, remains bullish on precious metals, especially silver and palladium, as the "love trade" heats up and the global economy adds more debt to the system. Smith believes that the secular bull run in precious metals will be reignited later this year and that investors should take advantage of the regular volatility native to silver prices. In this interview with The Gold Report, Smith provides some of the silver and platinum group metals equity names he owns and that could offer significant upside, even from current prices. The Gold Report: David Morgan, principal of the eponymous The Morgan Report, and Equity and Economic Analyst Chris Marchese recently co-wrote "The Silver Manifesto.

" A major theme in the book is the "debt bomb. " David H. We almost had a global economic collapse in 2008, yet the overhang is still there. DS: At some point the piper has to be paid. TGR: What event could set it off? Stock Markets Crashing as #Investors Seek Safety in #Gold. Stock markets crashing as investors seek safety in gold. U.S.

Investors are on edge following last week’s and today’s sell-off in stocks around the globe. The carnage impacted equity markets in Asia, Europe, and the U.S. Interestingly, the U.S. dollar also weakened. And bonds and gold are getting most of the safe-haven buying. People are starting to wonder what the central planners might do in response, or if they may be losing control altogether. Central planners in Washington and New York are likely share the frustration of their Chinese counterparts. The probability of U.S. interest rate hikes this fall is now falling a rock.

They acknowledge the trillions already printed and borrowed haven’t worked – but say it is only because it wasn’t nearly enough. The Dow Jones index has fallen over 1,000 points in the last few days. Gold futures had not been benefitting from safe-haven buying in recent months. Should Investors Wait for Even Lower Gold Prices… or Jump In Now? Looking at 2015 overall, precious metals have not fared well. By Clint Siegner.