Serious Tracking of Who Owns How Many Gold Coins will Begin

I HATE OBAMA: <a href="http://www.theworldsprophecy.com/senate-bill-s510-makes-it-illegal-to-grow-share-trade-or-sell-homegrown-food/#comment-10234" title="View the entire comment by I HATE OBAMA">Welcome to the wonderful world of SOCIALISM, Obama style. That idiot and his
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sfias: <a href="http://www.theworldsprophecy.com/bill-schnoebelen-fraud-confused-or-simply-paid-to-stage/#comment-10230" title="View the entire comment by sfias">Und er sprach: Heiße ihn Lo-Ammi; denn ihr seid nicht mein Volk,
Joe_Yayo: <a href="http://www.theworldsprophecy.com/ignorance-gets-respect-intelligence-draws-hostility-the-upside-down-world-we-live-in-today/#comment-10207" title="View the entire comment by Joe_Yayo">&#8220;Ignorance gets respect. Intelligence draws hostility. The upside down world we live

Currently in the Dodd-Frank financial bill, there is a statement that requires all companies to submit a form detailing on where they have bought all minerals including gold and what they are doing to ensure that these minerals are “conflict free”.

The article that explains about this also mentions that the Dodd-Frank bill eventually nudges the gold industry towards a certain certification process. If you combine this nudge with the requirement in the Healthcare Bill that “gold dealers will be required to fill out 1099 forms on all customers who buy or sell more than $601 worth of gold coins”, it is now getting clearer and clearer that things are getting stricter in the gold industry.

Read the whole article here and you will see why it won’t take long for the Federal Reserve to track down who owns gold coins and how much.

Posted by Elisheva Wiriaatmadja on Jul 26th, 2010 and filed under Economy. You can follow any responses to this entry through the RSS 2.0. You can leave a response by filling following comment form or trackback to this entry from your site