Guess this isn’t a novelty if you’re into buying precious metals to protect your savings, you probably heard about this madness already.
Basically the idea is to slip it into the Health Care legislation so as to tax an keep track of your bullion gold purchases.http://abcnews.go.com/Business/gold-coin-dealers-decry-tax-law/story?id=11211611
Is this madness? Has this ever happened before? Yes and yes. Those of us that checked history know this was done before and as times get worse it was bond to happen sooner or later. Its ironic though that they tired to burry this baby within the Health Care Legislation, you have to give them extra points for being so cunning. :-) Sucks that it’s basically evil, though. Gold is money all things considered and its not right to tax it.
Richest man in the world buys (another) gold mine.
That translates into “richest man on Earth thinks gold will go up”. Doubt Carlos Slim is silly at doing business so he clearly expects it to keep going up on price… or he’s a survivalist as well and that’s his version of PM rainy day SHTF proof savings.
Either way, he bought another gold mine in Mexico.