At $1200 an ounce, that would be over 14,000,000 dollars. I know guys that buy gold, but none of them have that kind of money. Stop and really think about it, that would be a real problem staying under cover and selling that much gold. Coins are one thing, but refined gold doesn't come that way in nature. However with that kind of money, I think a person could purchase the equipment to melt and mix to lower the karat weight in the gold to make it look like it came from a mine. Doing all that on the Q T would be almost mission impossible, then once help is hired, the cats out of the bag. It would be fun to have that problem though, the worse would be taxes, somehow you would have to make it legal so taxes could be paid, otherwise that's where the jail time would come in to the picture. In this day and age you can't spend lots of cash without drawing attention, first thoughts are drug dealers, and the investigation starts. There is an amount of money now, I don't know how much, but banks are required to turn you in if you deposit over a certain amount of cash, 10 or 20 grand, something like that. Don't tell me you have 14,000,000 and you are only going to spend a few thousand a year. That's not realistic. Yup, that amount of refined gold could pose a real problem, and greed could get jail time. Oh yeah, the taxes would be 55% feds, a bunch more to the state, and that keeps going up with the bunch that's in office now. To be very honest, don't know what I'd do, and it aint going to happen anyhow, so I'm going to bed and see if I can dream up an answer.
