[robbiedublu]

Originally Posted by Green Squall

Is it true that dealers don't have to report sale of American Gold Eagles, but must report to the government about the sale of foreign 1 oz gold coins (Mapleleafs, Krugerands, etc)?

Dude, just go down to your local coin shop or pawn shop. Give them cash, they give you the coins or rounds. Many local shops in my city have american as well as a bunch of different foreign coins. They have no idea who you are nor do they care. Maybe if you're buying 10k worth of gold at once it might be a different story.

[VenturaHwy]

And it not as well known that small deposits in a bank are also illegal. It is called structuring and they can say you are trying to get around the 5,000 dollar deposit limit. The IRS can seize your bank account and then you have to try to get it back. The US govt has become the enemy of the people. Homeland Security, the IRS, ATF, DEA, I don't trust any of them.

Gold will be hard to spend when the US dollar finally takes a dive. But silver dollars and other coins will be much easier to trade. Lets say your neighbor has chickens and you need eggs, a silver dollar is just easier to spend. But gold is better if you are rich, doesn't weigh as much.

[sprinkl]

In my country you need to pay 21% tax or so when buying PM's. If you don't get that certificate it would be hard to sell, impossible to sell it legally. Selling it in another country would be illegal as well. If they stop you with it they can take it. If you do buy with tax you can't buy it cash and it will be registered.

I've never heard of people not having bank accounts. Paying rent, a house, insurance, gas/electricity without digital money is just impossible here.
As someone else said in this thread, the go-to place won't be anywhere in Europe or the USA... These will be 3rd world soon.

Originally Posted by VenturaHwy

And it not as well known that small deposits in a bank are also illegal. It is called structuring and they can say you are trying to get around the 5,000 dollar deposit limit.

Really? I wondered about this, it would make sense. What if I give my parents $200 cash each month and let them deposit it on my account from their account, they could just be helping me out...

[one.sixoneeight]

parents (each) are allowed to gift their child up to 10k per year tax free.

Money order

[watts]

Coin dealers are required to comply with anti-money laundering regulations which require them to obtain the names of all customers engaging in cash transactions above a threshold dollar amount, typically set at $3,000-$5,000. Although this does not require the filing of any additional forms, dealers are required to have the information available, should the IRS request it.

[ariston]

Good to see that people are realizing the banking system is not "user friendly", so to speak.

Bitcoin is an excellent alternative and nowadays you can find people to exchange it for cash. If such systems and the "non fiat market" grows large enough then people can effectively abolish current slave masters (governments and upper classes).

[GanjaBredMan]

If there's another recession, banks keep your money!

[ariston]

Originally Posted by watts

Coin dealers are required to comply with anti-money laundering regulations which require them to obtain the names of all customers engaging in cash transactions above a threshold dollar amount, typically set at $3,000-$5,000. Although this does not require the filing of any additional forms, dealers are required to have the information available, should the IRS request it.

This applies to almost all assets which are often exchanged for money (things you can't store your wealth in, like electronics, don't count. You lose out on holding them anyway). All type of asset movement is highly restricted.

In short, it is far from enough to just pay taxes. You are not liable enough to hold your own money, so your slave masters must hold it (and profit at your expense).

[papertrails]

can I buy a 30,000 dollar truck with cash, without getting flagged? I have no documented income for 6 yrs or so