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New regulation

Posted By Philinje On 21/07/2010 @ 04:28 pm In Gold | No Comments

If you’ve been reading rumors about the new reporting regulation in the health care bill, which some people construe as impacting gold and silver purchases, here is a good article on the details, which references a Casey article on the subject:

[1] http://www.thedailybell.com/1224/All-Gold-to-be-Tracked.html

To me, it sounds like the regulation affects companies, not individuals. And it only affects gold and silver in the way it affects any purchase by a company. I talked with a reputable gold dealer recently and they are not concerned about this, but of course they would say that. Anyway, it’s voluntary just like tax returns. Sure, a law means it can be enforced, but enforcing something like this seems way out of scope of an already bloated and inefficient government that is overloaded with more and more regulations generating more and more reports.


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URLs in this post:
[1] http://www.thedailybell.com/1224/All-Gold-to-be-Tracked.html: http://www.thedailybell.com/1224/All-Gold-to-be-Tracked.html

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