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POSTED ON June 25, 2019  - POSTED IN Key Gold Headlines

You may have heard that you can’t purchase more than $10,000 worth of gold without it being reported to the IRS.

This is a myth.

You can avoid IRS reporting requirements, even on large-scale purchases. You just have to know the rules. Our revised Guide to Tax-Free Gold and Silver Buying provides the information you need to navigate the complex world of IRS reporting. You’ll learn:

POSTED ON May 14, 2019  - POSTED IN It's Your Dime

We’ve seen growing support for a universal basic income or UBI. In a nutshell, the government would pay every citizen a set amount of money without any means testing or work requirement. Democratic Party presidential candidate Andrew Yang has made UBI a central issue in his campaign. Under his plan, every American over the age of 18 would get $1,000 per month, guaranteed.  This sounds great, doesn’t it? Who doesn’t want free money? But the plan raises a few questions — like how would the government pay for it?

In this episode of It’s Your Dime, host Mike Maharrey talks with Antony Sammeroff, author of the book “Universal Basic Income: For and Against.” They discuss the pros and cons of UBI and delve into some of the economic ramifications.

POSTED ON April 12, 2019  - POSTED IN Fun on Friday

It’s time for Fun on Friday and I have to be honest — I’m not feeling very fun.

Why?

Because the tax man cometh! And no matter how you slice it, taxation is not a fun subject. It’s no wonder “death” and “taxes” are often mentioned in the same breath.

But April 15 is lurking right around the corner and that means it’s almost tax day.

POSTED ON October 23, 2018  - POSTED IN Videos

As we reported last week, China is dumping US debt. China’s holdings of US Treasuries fell for the third consecutive month in August. The Chinese shed another $6 billion in US debt, dropping its total holdings to $1.165 trillion. Over the last year, China’s holdings of Treasury bonds fell by $37 billion year-on-year.

But China has debt problems of its own. Local Chinese governments have reportedly piled up about $5.8 billion in debt. An S&P analyst called Chinese debt “an iceberg with titanic credit risks.”

Peter Schiff recently appeared on RT to talk about the US and Chinese debt. 

POSTED ON October 23, 2018  - POSTED IN Key Gold Headlines

In fiscal 2018,  the national debt expanded by more than $1 trillion. According to data released by the Treasury Department, it was the sixth-largest fiscal-year debt increase in the history of the United States. A combination of increased spending along with shrinking revenues continues to expand the federal deficit and balloon the national debt.

GOP apologists insist the revenue shortfalls caused by tax cuts are temporary and economic growth spurred by tax relief will eventually turn things around. Tax relief is great, but without substantive government relief in the form of spending cuts, the promised economic growth won’t likely materialize. 

POSTED ON September 28, 2018  - POSTED IN Key Gold Headlines

The federal government isn’t alone drowning in debt. Most US states don’t have enough money to pay their bills either.

That was the conclusion of the Truth in Accounting annual State of the States 2018 report. According to the report, American states have racked up $1.5 trillion dollars in unfunded state debt. Much of the red ink is related to pension plans and retiree benefits

POSTED ON July 16, 2018  - POSTED IN Key Gold Headlines

There has been a tremendous amount of debate about building walls to stop illegal immigration. But the IRS is building walls to keep Americans in.

The US government is cracking down on Americans with outstanding tax bills by revoking passports. 

POSTED ON March 21, 2018  - POSTED IN Key Gold Headlines

Gold and silver are money. But most governments treat precious metals like a commodity. They don’t accept it as payment. Worse than that, they tax it. Think about the absurdity of this policy. You don’t tax money!

Fortunately, we’re beginning to see a shift. Many states are repealing taxes on gold and silver, and treating precious metals more like money. Wyoming is the latest state to reform its laws.

These policies not only ease the burden on investors, it opens the door to use gold and silver in everyday transactions, a foundational step for the people to undermine the Federal Reserve’s monopoly on money.

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