I want to bitpim bitcoin mining useful work and get paid, without having to report it for taxation, confiscation, and regulation. Check out my new blog at realfreemarket. I haven’t made my first gold and silver purchase.
It’s on my “list of things to do”. I don’t see any particular urgency, since the collapse of the US government is still 20-50 years away. In the present, I don’t know any employers willing to hire me and pay me in gold or silver. I don’t know any businesses where I can buy things with gold or silver. I have done my background research, and am sharing my conclusions.
I asked about buying gold on the Ron Paul Forum. The tax treatment of gold and silver is extremely unfavorable. If I buy gold and silver, it would be something to hold onto until after the US government collapse, unless I can find people willing to trade with me “off the books”. It would also be a good inflation hedge.
The bad news is that might really be the best investment out there! Of course, if you have gold or silver, you may be able to find someone willing to buy and pay you in cash, without reporting the transaction. Legally, your options for using gold and silver as money are severely restricted. First, don’t buy the GLD or SLV ETFs. They won’t be trustworthy once the US government collapses.