Comments by "dlukton" (@dlukton) on "Argentina's Latest Wealth Tax Scam" video.

  1. Yeah, if Argentina implements this tax, and if they get even 1/3 of what they're projecting, other countries will imitate it.
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  2.  @hughjass1044  "gold, food and ammunition ". That was a pretty good list.... .... before bitcoin came along.
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  3.  @gu3sswh075  Yes, but you can sell off the gold SLOWLY, and in different countries. In the US, for example, I THINK the way it works is that if you sell less than $10,000 worth in a given year, through a given gold dealer, that dealer isn't required to report the sale to the IRS. And so if one wanted to sell $29,000 worth of gold, for example, one could sell through three different dealers. And that's just dealers in the US; I don't know what the rules are in other countries.
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  4.  @TT-tq3sb  " Purchase of gold has to be in registered gold products". To be honest, I've never bought physical gold, beyond one single gold coin (although I've bought tons of "paper gold"). So are you saying that gold dealers report EVERY gold purchase and EVERY gold sale to the IRS....? I find that very, very hard to believe. And what about the role of professional gold authenticators? Is it the case that they cannot play any role here?
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  5.  @anthonytran2619  That's good information (I've owned tons of "paper gold" over the years, but never the physical bullion). But I've got 2 questions. First, if you've got gold BARS (not coins), and you've been storing them in your house, and you try to sell them to a gold dealer, might he want to assay them first (and charge you a fee for that)...? My 2nd question is about selling gold bullion to a dealer in a foreign country (e.g., Switzerland, Singapore, Austria, etc). If you... as a US citizen... wanted to sell, say, $50,000 worth of gold to that dealer, would he be under any obligation to report the sale to the US government? I assume the answer is "no", but I'm not 100% certain.
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