Precious Metals Forum

Go Back   Precious Metals Forum > Precious Metals and Economic News > PM Bug

LinkBack Thread Tools
Old 05-17-2013, 06:36 AM   #1
Golden Cockroach
PMBug's Avatar
Join Date: Oct 2011
Location: In Scrooge McDuck's vault
Posts: 7,299
Liked: 2502 times
Snidely IRS targeting physical gold and silver investors?

Quote :
Hi Jim,

Three days ago something very bad happened to me. The manager from my US Bank branch left me a voice message telling me that my accounts were frozen until I called her and answered some questions. I called back and was told that I had a number of suspicious transactions and because this was a brand new account she was compelled to investigate. Specifically she informed me that I had two large wire transfers from Peru and two payments to American Precious Metals Exchange. She asked me to explain the nature of these transactions. I asked her if this was part of Patriot Act Compliance and she said that it was. She acted surprised that I even was aware of this process. I told her that I thought this was outrageous and that I would not give her this information. She told me that if I didn’t, that they would likely close my accounts. Having worked on Patriot Act Compliance in the past myself, I also understood that reporting would be sent to the IRS regarding “suspicious” activity regardless of whether I responded to her questions or not. I decided to cooperate and told her that the incoming wires were payment from my employer – a major mining company that is in feasibility stage for a large copper project in Peru. Then she asked me what I purchased from APMEX. I said that she could probably figure that out based on the company name. She said that wasn’t good enough and insisted that I needed to tell her what I had purchased. I said coins and that satisfied her.

Obviously, this left me in shock, but it gets worse. One day later my wife gets a notice delivered by UPS from US Bank. She has a different last name and the bank is a different branch. She has had the account open for almost 20 years. The notice said that they must speak to her immediately. She called them today and found out that her account had already been frozen and that they need to know why she had received a check from me for $6,000 and why she had written a check to APMEX. Just like me she was asked to tell them what she had purchased from APMEX and she told him. She was also asked why I had written her a check for $6,000 and she told them it was to pay bills. For the record, my wife voted for Obama twice and she is a hardcore Liberal. She is also public school teacher. She was almost crying as she related what had happened to her.

It is worth mentioning that this all occurred within weeks of me joining the NRA, National Association for Gun Rights (NAGR), Rocky Mountain Gun Owners (RMGO) and signing a number of petitions and contacting a large number of Senators and Representatives to encourage them to vote against gun control. In addition I have been selling off my gun collection and ammo on the ARMSLIST website here in Colorado. Clearly in my mind I have been targeted do to some combination of this activity.

I am now living in absolute fear that I’ve been targeted by the IRS and other government agencies as some sort of Right Wing extremist. I’m expecting my door to be broken down in the middle of the night or perhaps worse. I’m really scared for myself and my family. I am a law-abiding citizen. I pay my taxes and have nothing to hide. I have been subjected to both FBI and CBI background checks on numerous occasions connected with my work and for gun purchases and have never had a problem. What the hell is happening?!!! This is not America!

I honestly don’t know what to do. Should I contact the media? I want to get this out in the open in the hope that this will somehow protect my family. I’m freaking out! It’s like a bad nightmare only it’s real.

Recent news reports about the IRS targeting conservative groups have indicated that getting lists of donors - identifying their base of support - was one objective. Is this just another prong in the SPLC/DHS attack on good Americans?
The journey of a thousand miles begins with a single step. - Lao Tzu

Important stuff: PMBug 101 * Forum Guidelines * Support PMBug
PMBug is offline   Reply With Quote
Old 05-17-2013, 07:17 AM   #2
Yellow Jacket
ancona's Avatar
Join Date: Nov 2011
Location: Waaay south
Posts: 3,370
Liked: 2046 times
This is how it begins. It matters not who is in the presidency any longer. These agencies have grown far too large and unwieldy, and are now operating under their own directives.
All things being equal, the simplest answer is quite often the correct answer - Occam
ancona is offline   Reply With Quote
Old 05-22-2013, 05:11 AM   #3
Fly on the wall
Join Date: Apr 2013
Posts: 37
Liked: 8 times
It’s very sad how the government can stick their hands on our hard earned money. We are perhaps living in an illusion of a healthy financial system.
CharlesMcLain is offline   Reply With Quote

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Physical gold and silver inventory watch 2013 PMBug PM Bug 234 12-19-2013 09:27 AM
Q: (physical) gold more volatile than silver?? bushi PM Bug 4 02-26-2013 05:54 AM
Legg Mason encouraging investors into gold Unobtanium PM Bug 1 02-11-2013 06:42 AM
Physical gold and silver inventory watch PMBug PM Bug 361 01-02-2013 09:29 AM
Futures market pro advocates physical gold and silver PMBug PM Bug 1 10-15-2012 08:51 AM

All times are GMT -5. The time now is 06:51 AM.

Powered by vBulletin® from Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0 PL2 ©2011, Crawlability, Inc.
Content of copyright © 2011 - 2020 Measuring Up. All Rights Reserved.