This US law seems fairly invasive. Year-to-year, any payments to a vendor of more than US$600 will have to be reported to the IRS. While we were aware of this payment mandate, we hadn’t fully realized the consequences for gold and silver until a feedbacker pointed them out yesterday. Go on the Internet now and you will find reports that spell out the ramifications as to precious metals purchases: Again, if someone purchases aggregate annual gold and silver above US$600, the purchases apparently
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