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<p>[QUOTE="tedmurlap, post: 1091608, member: 29006"]Krispy,</p><p>Thanks for the ANA Dealer Directory link. Today is Sunday, so I'll call a few shops tomorrow. I've tried calling a few from Yellow Pages listings in the past, but got various unsatisfactory answers, ranging from state or local sales taxes, to the shop saying they only do mail orders and don't sell bullion for cash to walk-in customers. Maybe I'll have better luck this time.</p><p><br /></p><p>Soaring Eagle,</p><p>Regarding Portland--no local sales tax either? There are some states which have no sales tax but have major municipalities which do have their own sales taxes. Do you have phone numbers for any of the shops you're talking about?</p><p><br /></p><p>Fifty,</p><p>I'm not worried about the IRS right now; we're not required to pay the IRS, or keep records, when we buy gold coins. What I'm worried about is envy. The USA is in a very unstable economic situation, and we're already at the point where a lot of Americans envy people who work hard and save money, and it will be very tempting to change the tax system to tax wealth instead of (or in addition to) income. At that point, the IRS can review paper trails and come after people who have savings in gold or any other form. I pay almost all of my expenses with cash, including rent, so I withdraw about $400 from the ATM every week. I can double it, and use the cash to buy a pound of gold every year, which leaves no paper trail except one showing that I spend a lot of money. If I trade the cash for gold every 3-4 months, then I don't lose much interest by holding cash. That way, my financial paper trail looks like most other Americans: I'm a big consumer, and waste all the money I earn instead of saving it. When the time comes for the American electorate to say, "they have money, and we're broke, that's not fair! Let's take it!" I won't be one of the people with a target painted on my back. On the other hand, if the record ten years from now shows that I've been buying a pound of gold per year, I'll be a prime target, since I'll be obviously one of those evil people who saves instead of spending. I've already accumulated 20oz of gold by mail order over the past two years, and I regret creating that paper trail. I could fix the problem by selling the coins by mail and depositing the check to my bank account, then withdrawing cash, but I doubt that 20oz will ever make me a big target.[/QUOTE]</p><p><br /></p>
[QUOTE="tedmurlap, post: 1091608, member: 29006"]Krispy, Thanks for the ANA Dealer Directory link. Today is Sunday, so I'll call a few shops tomorrow. I've tried calling a few from Yellow Pages listings in the past, but got various unsatisfactory answers, ranging from state or local sales taxes, to the shop saying they only do mail orders and don't sell bullion for cash to walk-in customers. Maybe I'll have better luck this time. Soaring Eagle, Regarding Portland--no local sales tax either? There are some states which have no sales tax but have major municipalities which do have their own sales taxes. Do you have phone numbers for any of the shops you're talking about? Fifty, I'm not worried about the IRS right now; we're not required to pay the IRS, or keep records, when we buy gold coins. What I'm worried about is envy. The USA is in a very unstable economic situation, and we're already at the point where a lot of Americans envy people who work hard and save money, and it will be very tempting to change the tax system to tax wealth instead of (or in addition to) income. At that point, the IRS can review paper trails and come after people who have savings in gold or any other form. I pay almost all of my expenses with cash, including rent, so I withdraw about $400 from the ATM every week. I can double it, and use the cash to buy a pound of gold every year, which leaves no paper trail except one showing that I spend a lot of money. If I trade the cash for gold every 3-4 months, then I don't lose much interest by holding cash. That way, my financial paper trail looks like most other Americans: I'm a big consumer, and waste all the money I earn instead of saving it. When the time comes for the American electorate to say, "they have money, and we're broke, that's not fair! Let's take it!" I won't be one of the people with a target painted on my back. On the other hand, if the record ten years from now shows that I've been buying a pound of gold per year, I'll be a prime target, since I'll be obviously one of those evil people who saves instead of spending. I've already accumulated 20oz of gold by mail order over the past two years, and I regret creating that paper trail. I could fix the problem by selling the coins by mail and depositing the check to my bank account, then withdrawing cash, but I doubt that 20oz will ever make me a big target.[/QUOTE]
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