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From: | "Woody" <solarmax@optusnet.com.au> |
Date: | Tue, 2 Dec 2003 11:33:10 +1000 |
Well in Australia any Gold transaction under
$10,000 is not recorded. You can walk into a Bullion Dealer and buy $9,999 worth
of gold without any ID. You make sure you Buy when the Price of Gold is low and
then you resell it back to the dealer ( Both Transactions Incur a 3-5%
Commission, so you must include that into your profit margin ) When the price is
high. In both transactions you use Cash and in both transaction there is no ID
Needed. It is Legal, just a loop hole in the system. It is the same for
Professional gamblers, Horse punters etc.
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