Monday, June 7, 2010

Is A Gold Transaction Tax Coming?

There's speculation that a tax on gold may develop out of desperation, by governments.

Will such a tax appear? I haven't seen any official thinking along these lines, but it can't be ruled out.

It would be somewhat difficult to tax gold holdings in the way a property tax is placed on property? Afterall, who is going to disclose the gold coins they are holding, so that the gold coins are taxed? However, a gold transaction tax based on the buying and selling of gold coins is a different story. It could easily be taxed.

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