If I take 1oz of Ag bullion to a reputable, official coin shop to
exchange for '64 dimes, how many dimes will I walk out with, today?
This is a very simple example to demonstrate where the inefficiencies
of the economy lie. This is a silver-to-silver trade! All I want is
some 'change'! I was promised that during the last election!!!!
- High taxation (retail purchases in CA ~10% State tax); Federal taxation on gains, of course, etc.
- High premiums (iliquidity measure)
- Little competition due to barriers to entry, regulatory compliance,
secret 'you have to show your ID to pay with cash, now, sorry, please
help me to stick a boot up yer a$s for making a purchase of a REAL
assets', etc.
- Two-way transaction losses, because PM's aren't 'money', etc.
- Any rational 'barter' is de-facto illegal, since in a closed system of
barter w/out $USD, there would be no $USD to pay the mandatory taxes.
- BS arguments trying to convince me that ten cents of fiat BS and
impurities in my 'silver' coin actually deserves any premium at all!
- Transaction fees, spreads, other fees, interest on loans in some
cases, the real cost of market manipulations, and other losses perhaps
per jurisdiction elsewhere, etc.
- Post-investment fines, surprise taxes, registrations, mandatory
'education' qualifications, fire code violations, arrests,
confiscations, imprisonments, or outright theft when they can't kill
the newbie legally, etc. for those ignorant enough to try to actually
enter the market and thus create competition and innovation.
This is a great benchmark to weigh either new taxes on PM, or the
alleviation of restraints on progress! Tell your congressional
b-a$s-tards, and maybe a few would be willing to raise the argument in
defense of liberty!
Worse of all, get ready for more demonization of the transaction and
those involved in it, not the return to rational trade! This will
happen now.
ARGH@!
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Insightful and Useful Comment!