It looks like our rulers are going to tighten the noose on reporting requirements for bullion purchases to chip away at anonymous buyers effective January 1, 2006. See: http://www.fincen.gov/faq060305.pdf FDR started the ball rolling in 1933. See: http://www.the-privateer.com/1933-gold-confiscation.html.
This FINCEN ruling may be the precursor to the next confiscation coming down the pike. Instead of “hoarding”, the new buzzword is now money-laundering prevention. As with guns, the strategy is to attach names and addresses to potentially confiscated goods to facilitate asset seizure and forfeiture.- Bill in North Idaho