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Owning Gold will be illegal in 2012 as per written in the US Health Care Bill

 
Calgarian
User ID: 902775
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12/04/2010 09:54 PM
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Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
I am a subsriber to MSN Money and in one of his articles it states that- though very few have read the 900 page plus Health Care Bill,it states that owning physical gold bullion and gold coins will be illegal to own in 2012!Owning the stock will also be of no value. He went on about how to make money from that non-the-less but I had't read it that far and don't know the date nor heading of the article.I would have to search my email later. Anyone else know of this??
Traveler

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12/04/2010 09:55 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
No, this is wrong.
Calgarian (OP)
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12/04/2010 09:56 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
It is a bill hidden in the Health Care Bill.
Anonymous Coward
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12/04/2010 09:58 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
Link to the article?

bump
mavric

User ID: 1064293
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12/04/2010 10:00 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
No, this is wrong.
 Quoting: Traveler


no you have heard it right. I am glad i sold my gold 3 weeks ago. Then bought silver then and sold my silver on friday

Watch silver dive this week, remember Mavric so you can curse me when you dont
"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that justifies it."

Frederic Bastiat
Vertol
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12/04/2010 10:00 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
Trust me , were going to be Owning more than Gold in 2012.
Calgarian (OP)
User ID: 902775
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12/04/2010 10:01 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
Here is one of his article exerp from today:


Why are some people selling their gold and buying silver?”

Because over 90% of all the silver that’s been mined in the past 5,000 years has been used up
by industry and is gone forever!

Hello,

My name is James R. Cook and I am the president of Investment Rarities, Inc., a Minneapolis-based brokerage firm that’s been in the precious metals business for 35 years.

It’s true: world silver inventories are at their lowest point in 200 years. As a result, investment buying in silver has risen dramatically, with silver values rising 30 percent in the last 45 days!
MexicanJesus

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12/04/2010 10:01 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
Is there any mention of why?
The Prodigal Son, God's gift from above, You can call me The One, or call me names to make fun, but when its all said and done- 99 Names but 'A B!tch' Aint One.
Calgarian (OP)
User ID: 902775
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12/04/2010 10:08 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
Ok,I found the email article but I cant link it. Here is a peice of the email:

The official law is in section 9006 of the Patient Protection and Affordable Care Act.

Very few people have read all 10,909 sections of that bill and even fewer understand the ramifications of section 9006 on gold.

The healthcare bill has nothing to do with gold, which is exactly why Congress hid this law there.

They certainly weren't going to put out a press release when they're taking away the rights of private citizens.

The law starts by facilitating the taxation of anyone wishing to sell over a certain amount of physical gold, even rare collectible coins.

It also makes it easier for the federal government to keep track of who owns gold and how much they own.

And it sets the stage for removing your right to own gold.

Right now, the feds are desperate to keep the details of this new law from you.

For the moment, their ruse appears to be working.

The mass media have just started to take notice.

As the story reaches more and more Americans, it could create a gold-buying mania that could make gold's price rise of the past two years look like chump change.

When that happens, most Americans could rush out and buy as much gold as possible before the law takes effect.

That's exactly what the feds want you to do.

And it's the wrong course of action.

You see, the more people who stock up on physical gold before 2012, trying to beat the law, the more gold they'd eventually be able to take away.
Calgarian (OP)
User ID: 902775
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12/04/2010 10:13 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
This article is in my email August 11,2010:

Buried deep inside the healthcare reform bill is a law that could set the
stage for the federal government to take away ALL your gold. By 2012,
it probably won't be safe to own gold bars, rare coins or gold ETFs
Anonymous Coward
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12/04/2010 10:15 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
This article is in my email August 11,2010:

Buried deep inside the healthcare reform bill is a law that could set the
stage for the federal government to take away ALL your gold. By 2012,
it probably won't be safe to own gold bars, rare coins or gold ETFs
 Quoting: Calgarian 902775


laughing my broke ass off

cruise
Anonymous Coward
User ID: 1071852
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12/04/2010 10:15 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
Link to the article?

bump
 Quoting: RememberThis

heck i wanna Iink to a IocaI firearms deaIer, fuck this shits getting out of controII peopIe, WAKE THE FUCK UP.............
Anonymous Coward
User ID: 1184414
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12/04/2010 10:17 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
Link to the article?

bump

heck i wanna Iink to a IocaI firearms deaIer, fuck this shits getting out of controII peopIe, WAKE THE FUCK UP.............
 Quoting: Anonymous Coward 1071852


It's so laughably wonky stupid wrong and unbelievable it must be true.
cruise
Monster
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12/04/2010 10:24 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
whats going to keep them from taking peoples silver?
Anonymous Coward
User ID: 1157608
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12/04/2010 10:30 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
[link to stocknewsalerts.net]

[link to www.taipanpublishinggroup.com]

I need to read the bill myself but the bs light is flashing between off and dim.

*taipan*
Ishmael Barbados
User ID: 1184497
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12/04/2010 10:32 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
Here's a link to the text of the entire bill.
[link to democrats.senate.gov]

I just read section 9006. Didn't see it.
Anonymous Coward
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12/04/2010 10:33 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
I knew this would happen I need to compile a list of all the similarities between what is happening here and what they did when they took over Russia. They even pulled gold fillings out of citizens' teeth.
Calgarian (OP)
User ID: 902775
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12/04/2010 10:34 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
I get stock info emailed everday from these MSN Money guys so I can't link because one isn't provided.
Anonymous Coward
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12/04/2010 10:34 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
Don't see it as being illegal but it will be tracked as will all transactions > $600 - every single one of them!

[link to goldcoinblogger.com]
Anonymous Coward (OP)
User ID: 902775
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12/04/2010 10:36 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
[link to stocknewsalerts.net]

[link to www.taipanpublishinggroup.com]

I need to read the bill myself but the bs light is flashing between off and dim.

*taipan*
 Quoting: Anonymous Coward 1157608



Thanks,it's a different article but looks like the same info.
Anonymous Coward
User ID: 1168254
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12/04/2010 10:36 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
US Constitution, Article 1, Section 10, Clause 1:

No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

This is just an empty threat OP.
Calgarian (OP)
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12/04/2010 10:38 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
I am not trying to spread BS just passing on info that I came across.
Anonymous Coward
User ID: 902686
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12/04/2010 10:42 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
I am not trying to spread BS just passing on info that I came across.
 Quoting: Calgarian 902775

Not allowed to do that here fool!
Anonymous Coward (OP)
User ID: 902775
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12/04/2010 10:46 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
I am not trying to spread BS just passing on info that I came across.

Not allowed to do that here fool!
 Quoting: Anonymous Coward 902686



Take a hydrolic suck on my love muscle.
nrg
User ID: 989174
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12/04/2010 10:48 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
The plan that has been s.o.p. traditionally is for masterminds to get the gold. This usually involves a drawn out plot involving one section of a population against each other. This is often predicated with hate and fear speech to a group of naive young people, who must be turned on their own for chaos and death to lead to profit.

This structure is fine as long as the powers that be are also nationalists. When the mafia boss is from a forieghn land, little can be maintained in the way of personal property or liberty. I dread the former and am tempted to fear the later.

At least no one gets off this planet alive.
Anonymous Coward
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12/04/2010 10:53 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
Yeah OP this thread isn't adding good information to the debate. You suck, OP.
Anonymous Coward
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12/04/2010 10:53 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
Yeah OP this thread isn't adding good information to the debate. You suck, OP.
Anonymous Coward
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12/04/2010 11:14 PM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
Actually, this has happened before. In 1933, FDR signed a bill into law outlawing the private ownership of gold coins or gold bullion in the US. Citizens could, however, keep gold coins with a total value of up to $100. The law was re-written in 1934 (fixing a technicality) and stayed in effect until President Ford repealed it in 1974.

I have no idea if a new version of this was put in Obama's health care bill, but I doubt it was.

Read all about it:

[link to en.wikipedia.org]
Anonymous Coward
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12/05/2010 02:15 AM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
I don't know how they could enforce a law like that.

Most people would just hide it away except for the stupid sheep with lock boxes in banks which would be susceptible.

Declare a bank holiday, institute the law then have government agents accompany you to the lock boxes for confiscation of PM's.

Don't keep your PM's in a bank lock box.

You'll be fine.
gedley
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11/17/2012 10:43 AM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
Totally false, here is the ACTUAL text:

SEC. 9006. EXPANSION OF INFORMATION REPORTING REQUIREMENTS.
(a) IN GENERAL.—Section 6041 of the Internal Revenue Code of 1986 is amended by adding at the end the following new sub- sections:
‘‘(h) APPLICATION TO CORPORATIONS.—Notwithstanding any regulation prescribed by the Secretary before the date of the enact- ment of this subsection, for purposes of this section the term ‘person’ includes any corporation that is not an organization exempt from tax under section 501(a).
‘‘(i) REGULATIONS.—The Secretary may prescribe such regula- tions and other guidance as may be appropriate or necessary to carry out the purposes of this section, including rules to prevent duplicative reporting of transactions.’’.
(b) PAYMENTS FOR PROPERTY AND OTHER GROSS PROCEEDS.— Subsection (a) of section 6041 of the Internal Revenue Code of 1986 is amended—
(1) by inserting ‘‘amounts in consideration for property,’’ after ‘‘wages,’’,
(2) by inserting ‘‘gross proceeds,’’ after ‘‘emoluments, or other’’, and
(3) by inserting ‘‘gross proceeds,’’ after ‘‘setting forth the amount of such’’.
(c) EFFECTIVE DATE.—The amendments made by this section shall apply to payments made after December 31, 2011.



So, nothing about gold... period.
Anonymous Coward
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11/17/2012 10:46 AM
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Re: Owning Gold will be illegal in 2012 as per written in the US Health Care Bill
NO IM SORRY IT IS TRUE, HEARD THE SAME THING FROM MY UNCLE ON WALL STREET. OBAMA WILL RECALL ALL GOLD AFTER JANUARY... AFTER THEY COLLAPSE THE ECONOMY THEY HAVE TO GET THEIR GOLD BACK SO THEY CAN FLEE THE COUNTRY AT THE TIME OF THE COLLAPSE! THIS IS FOR REAL PEOPLE. interesting ENOUGH IT IS IN THE BIBLE AS WELL