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All I can say is it is about TIME!!!

http://kfor.com/2014/06/05/law-makes-go ... sical-tax/

reddirtcoins wrote:All I can say is it is about TIME!!!

http://kfor.com/2014/06/05/law-makes-go ... sical-tax/

+1
Oklahoma is OK!

I think we have a similar law down here in Florida.

When the financial/fiat system crashes, this will happen practically overnight in every state.

Definately makes things good for people going through OK, especially since
APMEX is such a big dealer and they are located there. That way people can
do an over the counter purchase without getting hit on the tax instead of needing
to do an interstate mail order to avoid it.

“When you buy real estate or buy any investment, there is no tax on the purchase of it, and that’s what this is,” said Loveless. “It’s a nonsensical tax, I’m glad we were able to get rid of it.”

Is he sure about no tax on the purchase of an investment?
Depends what one considers an investment, right?

I am all for getting rid of taxes that only makes the state richer at our expense, but I think he is wrong in some of his quotes.

When you buy property, there may not be taxes to be paid upon purchase, but you can bet the state will soon be relieving you of your money.
Property taxes come to mind.

If I wanted to purchase a car as an investment, then I should not have to pay any taxes on that, right?

Also, all coins minted by the US are still valid legal tender and under the law, still can be used as currency. To me this law is pointless. Buying and trading currency should have no taxes attached. It is like saying if I went to the bank to exchange a $100 bill for fifty $2 bills, I should be taxed. Trading current money for older money (gold/silver) should be no different. Even if the older money trades at a premium, it is still considered money under the laws of the US.