After 2012 Will Gold Lose It Luster For Investors?

I live in Nevada where Brothels are legal. When this Obamacare tax takes affect in 2012, and most everyone has to fill out an IRS form for any charged service $600 or more, the term “half and half” for Nevada prostitutes may take on a whole new meaning; “First half $300; Second half $300.

It is clear Obama intends to strip U.S. Citizens of their assets, taxing anything and anybody to pay for his Socialist programs. In the case of gold, many Americans after 2012 may be reluctant to buy or sell gold through metal brokers because that might put them under scrutiny with the IRS, having to explain where they got the money to buy the gold. U.S. Citizens after 2012 buying or selling gold will lose their anonymity from the prying eyes of government. I will venture to say that Citizens that are reported buying or selling gold after 2012, may have a greater chance of being audited by the IRS. Unless this $600 dollar reporting requirement is repealed, Obama’s mandated IRS Form filings will destroy the incentive for most Americans to own gold in any large quantity. Should there be a major drop in Americans buying gold, it is questionable whether the rest of the world could support the current price; it is also foreseeable a U.S. Black Market might develop to sell gold to China and other countries and that could subsequently provide U.S. Government an excuse to make possession of a certain amount of gold—a crime. It is apparent Obama and his fellow socialists intend to destroy another industry, precious gold metals, to further their stranglehold on Americans.