Message:

<p>[QUOTE=&quot;Owle, post: 1256920, member: 22004&quot;]Here is a quote from one of the regulars at <a href="http://www.quatloos.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.quatloos.com" rel="nofollow">www.quatloos.com</a>:&nbsp; </p><p><br /></p><p>&quot;Moneychanger is an over-educated obstreperous idiot. He thinks the various tax authorities is trying to collect a tax on gold and silver money. No, what the tax people are collecting a tax on is on the sale of merchandise, or for gains realized on a commodity.</p><p><br /></p><p>&quot;What Moneychanger and other idiots like him fail, or refuse to recognize, is that while gold can be used as money, it is also merchandise and a commodity. It is all three.</p><p><br /></p><p>&quot;Don&#039;t believe it? Go the the Chicago Mercantile Exchange, where commodities are traded (&quot;...over there they are trading oil, over there cotton, and here FOJC, frozen orange juice concentrate.&quot;), including gold. Thus gold is a commodity, with futures, derivatives and such, just like any other less shiny commodity.</p><p><br /></p><p>&quot;Also, you can go to any number of stores and buy physical gold, or even purchase it over the internet, just like a car part, camera, shoes, etc. That makes it merchandise, and like any other merchandise sold in a store, tax agencies want to collect a sales tax on it. Thus gold is merchandise.</p><p><br /></p><p>&quot;And yes, you can use gold to buy goods and services, so it is money.</p><p><br /></p><p>&quot;Ditto for silver, platinum, copper - all can be used as money, can be treated as a commodity, and as merchandise&quot;</p><p><br /></p><p><a href="http://www.quatloos.com/Q-Forum/viewtopic.php?f=11&amp;t=7566" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.quatloos.com/Q-Forum/viewtopic.php?f=11&amp;t=7566" rel="nofollow">http://www.quatloos.com/Q-Forum/viewtopic.php?f=11&amp;t=7566</a>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in