Well according to the hidden gem in the new health bill requiring those who sell anything worth more than $600 to have to engage in issuing a 1099 for tax purposes, folks seem to be buying silver in droves to BEAT THE DEADLINE.
Just because it not only covers silver and gold, but anytbing bought and sold more than $600, in an attempt to for the IRS gather info on the shadow buy/sell revenue world that has existed since time immemorial, it particularly irks, if it doesn't really just apply to, physical buyers of silver and gold.
You already get a 1099 for the stocks you buy and sell, so here comes the rest of the story.
Getting taxed is a given. The question is how much? They may tax at a point where you'd lose all your gains. They may even raise the tax enough just to discourage any future PM accumulation. I wouldn't put it past them to take the crookedest path. They know what is real money and they don't want you to have it.
trade will simple go underground. the Americn people will treat this law the same way they treat driving while talking on cell phones.gov is trying micro manage you life. vote all the bums out on their crooked butts.