Senators Mike Lee, Jim DeMint and Rand Paul have authored a bail-out for them [small gold buyers].I don't believe it. It is way too crass, even for cranks like those Radical Republicans.
The three conservative senators have co-sponsored legislation to exempt gold and silver coins from capital gains tax. This measure won’t do much for those whose gold investments prove outright losers. But it will at least cushion the disappointment for those whose investments have fallen short of the hoped-for gains, even as shrewd hedge funds that bought gold futures, rather than the clunky solid stuff, have realized vast gains in large measure thanks to the tragically abused trust of talk-show listeners in their bought-and-paid-for gurus. (Here I believe the writer is referring to the crass and devious Beck, O'Reilly and company.)
Senator Lee tries to make it sound as if this is the first step to establishing a firm currency... but he provides no further explanation.
--
Posts
No comments:
Post a Comment