Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
They already try to tax gold as a collectible, even though ingots aren't really considered as such. They can't seem to fight the offline cash only transactions by coin shops (though they'll give it their best shot I suppose), so they're trying to halt or arrest the process of people parking money in gold by "regulating" the practice.
It used to be illegal to hoard gold. The Democrats are upset because people want to protect their wealth from the govt manipulating the value of the currency.
The government knows it's impossible to stop the actual buying/selling of gold since it's so portable, untraceable, malleable, and easy to hide (God forbid it came to that). The only hope is to try to scare folks into thinking it's an evil instrument or use peer pressure tactics such as stating that people who collect gold are paranoid. Perhaps associating gold with sponsoring terrorism? Who knows what form it'll take on. Right now, they're trying to regulate companies whose only crime is to overcharge on the mellow yellow. If people are stupid enough to buy gold from goldline, oh well. If goldline were to become fraudulent and promote activities such as not delivering the promised amount or otherwise taking money without offering product, that's a different story.
If they have not already regulated the free market choices available to us, or managed our lifestyle, then politicians and think tanks discussing ways to go about it. They cannot control where we go and how we choose to live our lives, so some politicians want to put a GPS device on our cars, to track where we drive, so they can tax/punish us for daring to drive to much or too often. If they cannot regulate us directly, then they want to regulate the part of the free market where we obtain the means to do whatever it is they do not like.
since gold is a commodity, the price is already set by the markets.
Economic dimwits believe it's desirable (or even possible) for the government to actually set the price.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.