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Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault
Posts: 7,094
Liked: 2456 times | ![]() Quote :
Between this and Trump's trial balloon suggestion about indexing capital gains to inflation, there seems to be some political will germinating for elevating sound money back into play. Hopefully, it bears some fruit in the near future.
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Ground Beetle Join Date: Aug 2013 Location: North Dakota
Posts: 967
Liked: 504 times | If that bill is real & gets to the floor, I'll be amazed. I wonder if it has a provision for how pure the metal is to be considered exempt. I don't know if they would, but just to help keep minimum standards I'd like to see them say that only 90% & higher qualifies. Maybe it's just me being a snob, but I just can't stand that stuff that has more of another kind of metal than the metal you would ostensibly be buying it for. ![]() I also would like to see copper & maybe even nickel added to that. Of course one might be able to say, all the money in his bank account is coins, so therefore any interest earned is exempt as well. Well, it'd be worth a try anyway! ![]()
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Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault
Posts: 7,094
Liked: 2456 times | Interesting point. Would it cover 90% "junk" silver? What about 40%? It doesn't seem like either meet the two criterion listed.
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Predaceous stink bug Join Date: Mar 2012
Posts: 108
Liked: 42 times | "(1) gold, silver, platinum, or palladium coins minted and issued by the Secretary at any time" I think THAT covers it. |
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Golden Cockroach Join Date: Oct 2011 Location: In Scrooge McDuck's vault
Posts: 7,094
Liked: 2456 times | Looks like the bill was assigned a number. HR 6790: https://www.congress.gov/bill/115th-...ouse-bill/6790
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