QE3 is on! Open ended stimulus to infinity! Gold pops higher!!!

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Originally Posted by chad

from my cousin at an extremely large financial institution: look for vat/transaction taxes on all PMs very, very, very soon.

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Oh crap. people need to see this post

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Originally Posted by chad

from my cousin at an extremely large financial institution: look for vat/transaction taxes on all PMs very, very, very soon.

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I don't doubt that one bit since 99% of the population (off the top of my head) do not own physical PM's so they would blindly go along chanting "kill the speculators"

Also look for serious CME margin hikes. I'm surprised they haven't hit already.

You sound surprised!!! Gold confiscation, 2012 style. Good thing I lost all mine to Mamboni at the gsus poker game! I wouldn't want to even see the forms they are going to throw in the direction of bullion holders.

Remember that gold jewelry sales are exempt from capital gains tax :)

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Originally Posted by DMac

You sound surprised!!! Gold confiscation, 2012 style. Good thing I lost all mine to Mamboni at the gsus poker game!

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He was on fire that night, wiped me out too!

A part of me thinks he may have been cheating. Oh well I really have no use for barbarous relics anyway.

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Originally Posted by chad

from my cousin at an extremely large financial institution: look for vat/transaction taxes on all PMs very, very, very soon.

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Great, it will develop the black market, and most certainly increase boating accidents!

A VAT would make it more expensive to purchase metals here, but India & China will keep chugging along and in the long run it will make no difference in the metals prices as central bankers continue to debase their currencies.

http://i45.tinypic.com/1zewgll.jpg

I think gold and silver will have to go underground - or suffer confiscation. They are already prepared to implement a cashless society (I read this on here).

Although gold/silver will spike much higher, TPTB will continue to manipulate the metal prices to death, even after the crash. Those crooks have 2 millennia of track records.

It is not just gold & silver they want to confiscate. Like a drowning swimmer gasping for air and clawing the water to remain on top, the government will gasp for any wealth and claw at any visible target.

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Originally Posted by LuckyStrike

He was on fire that night, wiped me out too!

A part of me thinks he may have been cheating. Oh well I really have no use for barbarous relics anyway.

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Holy smokes guys! Thanks for painting a big bullseye on my back!!! Thanks alot!!! For the record, I went sailing with my wife the next morning to celebrate my good fortune. I allowed wifey to skipper which was a big blunder on my part. It turns out she has no sense of direction and steered us straight into a typhoon. The boat capsized just as I was showing her my winnings of gold and silver. Everything was lost. As we were in uncharted deep deep deep waters, I have no idea where the metals were lost. It was a sad day. Ever since that day, I cannot touch or even look upon gold or silver bullion without breaking out into hives and uncontrollable flatulence. Obviously, I hold no metal to this day.

Of course, I have the greatest of confidence in Ben Bernanke as he steers us away from the fiscal and economic typhoon!

I love how the DOW is up 200 points.....LOL