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Robby Noel Jul 01 2010 - Cash Reporting Requirements to be $600 - CF

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Thu, 07/01/2010 - 22:54 — ConCen
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Robby Noel Jul 01 2010 - Cash Reporting Requirements to be lowered to $600 - CF

Timestamps/Highlights

Gold ended up at $1200.40 and Silver $17.78 , ...Crude was $72.80 in Asia trading.

10:47
Robby expands more on the story that he mentioned yesterday where new legislation says that Gold coins over $600 will be issued a IRS 1099 form. ...

Except...one problem...it doesn't stop at Gold coins. Robby said this...."This piece of legislation is actually worse than what I thought yesterday".

Robby learned that "the cash reporting requirement in the United States of America come January 1 is... $600 ". For many years the cash reporting requirement was $10,000. Any cash requirement greater than $10,000 ...you have to fill out a IRS form 1099.

The rules have now changed... it is $600..and it just does not only applies to coins. It applies to EVERYTHING...

14:23
Robby reads the new legislation...

More details .... Much of the rest of the program dealt with this new information...Put this program into your "must listen to" file.

FYI> Robby will be on vacation all next week.
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Robby is on the RBN Network, his show is called "The Flip Side" the show exposes the behind the scenes goings on within the financial world. This is one of the best programs out there.

This is Commercial Free

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Born in the land named after Cecil John Rhodes Robby has spent last 30 years trying to figure out how he lost a country that was called Rhodesia, the journey to discover the truth about the Rhodes Legacy has led him along many paths in many countries it’s this world view mixed in with current political events that Robby tries to sweep away the fog of “political correctness” on a daily bases.

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RBN has some of the best informative shows out there. Their archives are only $1.33 per month. I suggest supporting them and then you don't have to wait for their shows to be uploaded here.