Hang onto your precious metals….
The Monetary Metals Tax Neutrality Act (H.R. 2284) backed by the Sound Money Defense League and free-market activists - would clarify that the sale or exchange of precious metals bullion and coins are not to be included in capital gains, losses, or any other type of federal income calculation.
"My view, which is backed up by language in the U.S. Constitution, is that gold and silver coins are money and are legal tender," Rep. Mooney said.
The Fed knows that they are in trouble. These Banksters need to collapse the precious metals markets to shore up the falling Dollar.
Basel III, has added to their frustration. Banks are mandated by the end of June, to collateralize their balance sheets with hard Gold Assets.
Anyone with smarts, realizes this manipulation will end quickly. There is little hope of the Federal Reserve Banksters keeping the cat in the bag too much longer.