One of the nefarious pieces of legislation slipped into the Obamacare monstrosity that no one read had to do with new reporting requirements on small businesses to fill out 1099 forms on all transactions greater than $600. This seems to be rankling gold dealers in particular.
Thomas Sowell explores the ins and outs of this legislation:
Whether gold is a good investment for individuals, and whether the gold standard is the right system for a country, are much more complicated questions than can be answered here. But what is clear is that the Obama administration sees people’s freedom to buy and sell gold as something that can limit what the government can do.
Leave a Reply
You must be logged in to post a comment.