Hey im not too cluey about gold but found this on wikipedia when i was looking up tax implications on gold. USA: Due to section 9006 of the U.S. Patient Protection and Affordable Care Act, starting on January 1, 2012, IRS tax form 1099 will be required for all purchases of goods and services that exceed $600 per calendar year. This new reporting requirement will cover precious metals. With gold at $1200 per ounce, this would make it impossible to sell a typical one-ounce bullion coin without IRS paperwork. As of July 2010 the bullion industry is fighting the regulation, and California Representative Dan Lungren has introduced legislation to have the relevant section of the Act reversed. Section 9006 was repealed in April 2011.[60] Im sure many of you know this already but anyway... this was in Obamas 1400 page health care reform package
Yeah, its pretty common to find shit like this in US legislation - if they can't pass it on its own, it gets buried in some other massive piece of legislation, which no-one read in detail enough to find it.
