1099 Supply Shock for Gold BuyersThe Market OracleOct. 04, 2010 |
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When the legislation takes full effect, demand for light coins and junk will explode as buyers and sellers look for creative ways to avoid 1099 paperwork. Silver coins will very easily fit under the $600 threshold, while only .25 and .10 ounce slivers of gold will be small enough to fly under the radar. As a result, the physical metals market will see a huge increase in demand for lightweight bullion, but at the present time, these products make up a very small portion of all the bullion sold! Read More |