Gold Over $1200 today…and more Thoughts

Mish's Global Economic Trend Analysis: "Super Tax" Hits Australia; In US, Gold will be an Easy Target; Expatriates Give Up US Citizenship To Avoid Taxes:

“It will not be long before the US considers doing the same thing to its natural resources industry. Indeed, anything that makes money, especially gold and energy will be easy targets.

For several years running I have been asked at precious metals conferences about the possibility that government will confiscate gold as did FDR. My response has always been ‘Physical confiscation will never happen again . However, they may tax the hell out of it.’

That possibility looks increasingly likely, and the end result is essentially the same.”

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