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Executive Summary – Now gold dealers have to report every transaction over $600 in value buy or sell. The kenyan president Obama buried this in his healthcare bill, what a guy. Section 9006 of the Patient Protection and Affordable Care Act will amend the Internal Revenue Code to expand the scope of Form 1099. This 1099 form will be used by all businesses supplying goods or services exceeding $600 in a given calendar year. Stupid beyond words.
Solution – With a corporate bank account in Hong Kong you can buy and sell gold from within your bank account. The corporations are anonymous and the bank account is covered by bank secrecy. They use London Spot prices. No points just spread between buy and sell prices, max spread is 4%. Hong Kong has no income tax, no capital gains tax and no inheritance tax.
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*Offshore Legal Associates Law Firm.We have no legal ties or associations with any other law firm or corporation with similar or like sounding names anywhere and should not be so confused with any other entity having a similar or like sounding name.





