RE:RE:RE:Add ContactAlthough I share your animosity toward the tax system, it is not the reason U.S. citizens cannot (as yet) participate in all of BitGold's services. The reason is the excessive financial regulation that the company is forced to comply with. Granted, that has a lot to do with trying to prevent capital flight, but IMO the tax laws actually encourage owning precious metals versus keeping all your savings in fiat.
I live in New Zealand under dual citizenship, and although I still have to file a Form 1040, FATCA(t), F(u)BAR and all the rest of the cr*p you have to file every year just to maintain your increasingly burdensome U.S. citizenship, precious metals are currently exempted from reporting requirements under both FATCA and Form 8938 (Statement of Specified Foreign Financial Assets):
https://www.irs.gov/Businesses/Comparison-of-Form-8938-and-FBAR-Requirements
I don't know how much longer this will be the case, but for the time being at least, it's just one more reason to redeem your paper IOUs for something of historically intrinsic value, held outside of the banking system. And that is especially true if you are an American.
Note: None of the above should be construed as tax advice. See your friendly professional tax preparer for details concerning your particular situation. (So there.)