this is actually fairly important, since it can and will be used as a basis for sales tax exemptions upon the purchase of gold or silver coins / bars, and also for a capital gains tax exemption when gold or silver coins / bars are sold.
(snip)"Congress Has Unwittingly Confirmed That Gold/Silver Is Money
For anyone who is expecting any kind of meaningful reform to come out of the Financial "Reform" Bill making its way throught Congress and on its way to the El Hefe's desk, stick to your medical marijuana habit while you still have a job and can pay for it. This reform bill is turning out to be one big farce. With respect to commodities trading, the Bill requires that Banks move all of their commodities trading to a separate subsidiary which would be remote from the bank holding company. HOWEVER, gold and silver trading will remain at the bank holding company.
"Why" you ask? Aren't gold and silver just commodities? Those of us who understand the Golden Truth know the answer. But this move confirms that the big banks not only manipulate the gold/silver market BUT, ironically, it is an implicit confirmation by the Government THAT GOLD/SILVER ARE MONEY.
With regard to the Fed/Govt manipulation of gold/silver:
"The greatest trick the Devil ever pulled was convincing the world he didn't exist" (snip)
from
however, it should be made clear that any non-physical gold or silver related instruments, from exchange traded gold funds like GLD and CEF, to 'pooled' paper gold accounts with gold 'brokers', to stock shares of mining companies, are still considered to be financial instruments.



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