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<p>[QUOTE="GDJMSP, post: 3600168, member: 112"]I don't think you're slow Jeff, I just think you're not considering what the govt. does. And, you're not thinking it all the way through. Ya see, even if you live in a state like that, you'd still have to prove how you acquired the coins and or bullion, and or cash, and paid taxes on it if and when any were required, in order to avoid paying income taxes, or inheritance taxes, or gift taxes, or any other kind of taxes they could think up. And it's not just the state guys ya gotta worry about - it's the feds too.</p><p><br /></p><p>Things like cash, coins, bullion, they're all used by lots of people involved in illicit transactions specifically so they can avoid taxes. So when the govt. finds someone with things like that in an SDB - that's when the questions start. And you better have the answers, and be able to prove them.</p><p><br /></p><p>My point in all this is that whole other countries may have specific laws that prohibit such things in SDBes, and have such laws for the very reasons I listed above, and the US doesn't have such laws - the US has its own kind of laws that can make things just as difficult and sometimes even more difficult than they are in other countries.</p><p><br /></p><p>Of course, if you get caught storing such things at home, things can get just as difficult because of that too.</p><p><br /></p><p>The way to avoid ALL the troubles, is to keep detailed, written records of when, how, how much, and from whom you acquired these things, and things like receipts for each and every coin. Problem is, very, very few collectors do this.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3600168, member: 112"]I don't think you're slow Jeff, I just think you're not considering what the govt. does. And, you're not thinking it all the way through. Ya see, even if you live in a state like that, you'd still have to prove how you acquired the coins and or bullion, and or cash, and paid taxes on it if and when any were required, in order to avoid paying income taxes, or inheritance taxes, or gift taxes, or any other kind of taxes they could think up. And it's not just the state guys ya gotta worry about - it's the feds too. Things like cash, coins, bullion, they're all used by lots of people involved in illicit transactions specifically so they can avoid taxes. So when the govt. finds someone with things like that in an SDB - that's when the questions start. And you better have the answers, and be able to prove them. My point in all this is that whole other countries may have specific laws that prohibit such things in SDBes, and have such laws for the very reasons I listed above, and the US doesn't have such laws - the US has its own kind of laws that can make things just as difficult and sometimes even more difficult than they are in other countries. Of course, if you get caught storing such things at home, things can get just as difficult because of that too. The way to avoid ALL the troubles, is to keep detailed, written records of when, how, how much, and from whom you acquired these things, and things like receipts for each and every coin. Problem is, very, very few collectors do this.[/QUOTE]
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