For those who don’t know, the Federal Reserve is a private enterprise, not a government agency.

@mattmatt6572

29 күн бұрын

It is not a reserve either

@Trilobite45

29 күн бұрын

As “Federal” as FedEx

@paranoidandroid9825

28 күн бұрын

And you are not the PUBLIC or the Government created Birth Certificate.

@jasonkloos1498

26 күн бұрын

"The Creature From Jekyll Island" tells the story of how it was created by a group of bankers in order for them to regulate themselves.

@davemi00

24 күн бұрын

O g the Fed Reserve is a Private Bank that Loans us our own money, in effect. It’s unfathomable .

This guy deserves a big THANK YOU from every American. Going the distance . 🇺🇸🌎

@michaelbravo3866

Ай бұрын

💯 MVP

@MetalBum

Ай бұрын

🇺🇸

@JBlazeCalifornia

Ай бұрын

And from Non American's also..

There should be no capital gains tax on any money or currency or people cannot protect against inflation

@walt1955

Ай бұрын

Why should real estate be subject to capital gains taxes on gains represented by inflation? It is no different than being taxed on inflationary gold/silver gains.

@o4pureh2o

Ай бұрын

You could stop at " No capital gains" the appreciation of the dollar value of capital is either from the erosion of currency or the adding value to the economy.

@bubbajones4522

Ай бұрын

I think it hilarious that the government thinks they can control the exchange of bullions. It's actually sad and pathetic they even try. Secondly, most people think about the "price" of gold wrong. Gold is a stable form of money as it never fluctuates but rather the value of the dollar fluctuates (usually downward) against gold. They counterfeit and devalue their fiat currencies which then requires more of that currency to be used to buy gold. That counterfeiting is a form of wealth theft or taxation. The government then thinks they are entitled to apply an additional tax on the wealth they stole. The mafia wasn't that brazen.

@jordangouveia1863

Ай бұрын

I agree. I would be willing to give up a write off of losses in exchange. We shouldn't be taxed on capital gains nor should we be able to reduce our taxes by capital losses either, IMO..

@carlob517

Ай бұрын

No taxes either They print it out of thin air

About time we followed the Constitution and stopped letting Presidents Amend it.

@michaelgresham1980

Ай бұрын

*Residents

@popoyislife129

Ай бұрын

noob question is there anything in constitution say contitution can be ammended?

@charlesfentules

29 күн бұрын

Zionist controlled Presidents ?

@angel-og.8261

29 күн бұрын

The pResident & CONgress do not work for the People, they work for the Federal Reserve cartel.

@LupusMechanicus

26 күн бұрын

@RocketScientist1 That's my meme, thanks for spreading it. TBD TKD TSSD

Get curency out of the Banks Buy gold and silver

@bubbajones4522

Ай бұрын

The dollar is by definition a fiat CURRENCY. Gold and silver that holds wealth is MONEY. Money and currency are not the same thing.

@aliekatsmom

Ай бұрын

Stopppp​@@bubbajones4522

@skybiz4520

Ай бұрын

@@bubbajones4522 "Dollar" is not Exists. Fed Reserve Note is NOT dollar.. Dollar "Bill" no different than any "Utility" /"Water" / "Phone" Bill Accepted.. Same Negotiable Debt Instrument drawn on Contract/ssn. Good luck for "Gold". No way these corrupt crooks will ever implement GOLD.. Your are 1 step away from "Goldman Sux Digital BS Coin" or equivalent drawn on Hot air..

@royharris7135

Ай бұрын

Stack stack stack 😊

@troyb.4101

27 күн бұрын

Did that some years ago. Took every cent out decades ago, and purchased silver eagles .

Taxing us on gold and silvers capital gains, is no different than telling us to eat cake~

@Trilobite45

Ай бұрын

If you can afford cake…

@petereastwood7868

Ай бұрын

Or bugs.

@H-bv1xt

Ай бұрын

Cake a la Marie Antoinette, or ice cream a la Nancy Pelosi

@tomcharlesworth1653

29 күн бұрын

add to that, that there seems to be no constitutional basis for any tax anyway. We have been cheated big time

@marcusjewelry

15 күн бұрын

The true purpose of incorporated governments is to transfer wealth from workers to the ruling class.

If I bought an ounce of gold ten years ago for a 1000 and sold 10 years from now for 5000 they would want a capital gain tax on the 4 k difference. Even if the purchasing value remained the same??? Greed and stupidity at the highest levels!

@nmatrix9

Ай бұрын

It's not stupidity, they don't want precious metals directly competing with paper currencies at fair market value the fed would lose control.

@timsilva1944

Ай бұрын

How would the govt prove that you didn't buy that ounce 6 months prior at $4500? Paying cash at a coin shop or from a private seller, no records.

@johnyracercat

Ай бұрын

What if you bought 100 coins for 100k and sold for 500k with no capital gains taxes? I wonder how the banks and the IRS would look at that bank deposit, assuming you wanted to buy a house or something. Looks suspicious. Account frozen, etc. I assume it would help to deposit a cashier's check instead of cash.

@soybeanfarmer4576

Ай бұрын

@@timsilva1944 If you don’t have a receipt, you will pay capital gains on all of it!

@DrummerJay74

Ай бұрын

@@timsilva1944 They can't. It's up to you to be honest. lol

Go to Thailand and you'll see gold stores everywhere. When Thais have extra money they don't put it in the bank, they buy gold. When they need money they sell gold.

@adriennefried5368

Ай бұрын

India also does this ...

@MetalBum

Ай бұрын

They also buy lots of digital gold. Bitcoin mainly. Just dollar cost avg as savings

@phillipwallbank5

Ай бұрын

Also the premium is way lèss

@caryphillips4885

Ай бұрын

When they have extra currency, they buy money, when they need extra currency, they sell money ;)

@Ziegfried82

Ай бұрын

@@MetalBum haha no. There is no such thing as digital gold.

Everybody in the United States that is a citizen should watch this KZread video.

@RichHernandezEnt

25 күн бұрын

That's why i'm sharing.

I love it when young people speak like this. It gives me some hope for the future.

At present, the most prudent consideration for everyone should be diversifying their income sources, ones not reliant on government support, particularly given the ongoing global economic challenges. This remains an opportune moment to explore investments in assets like gold, digital currencies such as Bitcoin, Ethereum, and XRP, thanks to Flora Elkin for her guidance in these fields her proficiency is outstanding

@clackyoung8977

29 күн бұрын

I've just looked up her full name on my browser and found her webpage without sweat, very much appreciate this

@Ryukung-vt8iw

29 күн бұрын

It's unexpected to come across her name here. She understands every beginner’s intention and fix you to a trading course that matches your capacity, she knows her stuff! Her advice has been invaluable to my trading journey. Definitely worth giving a shot!

@kristianscout

29 күн бұрын

It is really refreshing to see a comment about Flora Elkin.I have worked with her also for months now, reached out after reading more about her on the internet. she simplifies matters, whether it's a market surge or drop; her approach consistently keeps you ahead of the trend, She's a guru i'll say

@RichHernandezEnt

25 күн бұрын

They will become more than assets. They are the future of currencies!

Please add a list of states that have eliminated these taxes in the description.

@walt1955

Ай бұрын

All except HI, NM, NJ, VT, & ME. There are complexities though. For example, Florida has no income tax on individuals meaning no income or capital gains taxes on anything. But, sales taxes apply on gold sales that do not exceed $500 in a single transaction. Also, the bullion must be in the form of bars, ingots, or coins. Also, there are purity requirements such as 99.5% for gold.

@sherrinickel1276

Ай бұрын

Yes Please

@preciousmetals7114

Ай бұрын

@@walt1955 gold and silver is not taxed in Maine

@pato73373

Ай бұрын

@@preciousmetals7114 It is

@genebaket

Ай бұрын

@@walt1955I thought no taxes over purchases over 500 bucks.

Gold is honest money - No wonder governments don't like it! But the biggest impediment to using gold & silver as money is our government is not creating the current coin as Constitutionally required! Also the generally accepted idea that anything - including pieces of paper - can be used as money encourages the ignorance around money! Also our academic world promotes fiat currency either out of ignorance or duplicity and our mis-guided military tramples upon any nation not using WEF approved fiat currency anywhere in the world!

@cambriawellness3102

Ай бұрын

That's tragic!

@kathrynralli4557

Ай бұрын

​@cambriawellness3102 tragic and true.

@yaoliang1580

Ай бұрын

The exorbitant privilege is soon coming to an end

@b1burck

Ай бұрын

People want free stuff from their Gov't..not freedom from their Gov't. People want social security, Medicare, education..they want a businessman to run the economy...they believe artificially suppressed interest rates are a good thing. The Gov't is a reflection of its people

@annettefujii7331

Ай бұрын

Bet if you traded gold and silver merchants would not turn you away.

Have you guys read G E Griffin's book "The Creature From Jekyll Island"? Until we End the Fed we can't have sound money!

@zeroswings2

Ай бұрын

Yes I have...

@bethannea4842

Ай бұрын

His book World Without Cancer is eye opening as well. Free pdf online, too.

@RichHernandezEnt

25 күн бұрын

Actually we now have a way! Due to technology..

Give us a list of these states. Please.

How can you tax silver and gold? Its money!! Next thing you know they'll tax your cash!!

@annettefujii7331

Ай бұрын

And air! And sunlight! Hmmm….what else can they do unto us?

@l.a.mottern3106

29 күн бұрын

They already Tax your cash--Its called Inflation :-D

@mattmatt6572

29 күн бұрын

If they tax capital gains on gold we all should be able to write off our capital losses on cash inflation.

Wow, if they remove the icapital gains tax on Gold and silver.. the price willl continue to push hard.

@cesuntbanii

Ай бұрын

only if people hold them in self custody. the market is full of paper gold and silver = price is suppressed.

@nicholas296

Ай бұрын

@@cesuntbanii Yes, indeed. Is that leveraged when it is paper gold? Don't really understand why you wouldn't hold the hard asset.. but Im sure there are reasons.

@cesuntbanii

Ай бұрын

​​@@nicholas296 well... it's quite inconvenient and expensive and potentially dangerous to hold the physical, especially if you're rich... that's the reason we invented the paper currency which was initially convertible to gold at the banks. but I don't see a new gold standard unless we use actual coins for commerce and we get some cheap but reliable gold "readers" so we can assay the coins on the spot. this is where bitcoin enters the stage.

@Martha-op1fb

Ай бұрын

Capital gains tax on gold and silver sales is absolutely nuts it's taxing our own currency. People better watch out Biden has a new plan to put almost to 50% capital gains tax on the sales of either gold or silver your house everything. The last step in the bigwigs the Federal Reserve owning everything and you own nothing. Schools stop teaching our children who actually owned the Federal reserve. It has made our politicians that much more crooked they get away with so much the average person would be in prison for the rest of their life or on death row for the murders that they have done.

This is FREAKING HUGE! Wow! I pray this passes.

@SlipperyTop

28 күн бұрын

The people are finally getting it, now that they are all just about broke.

So if we are charged capital gains when we sell our metals then we should also be able to wright off the purchasing power losses on paper currency

@0004612

Ай бұрын

Or don’t report

If needed, *_"sales tax only. No others - and only at the local level."_** No more central banks.*

@xrprobertolson4284

Ай бұрын

Fifth plank of the Communist Manifesto was the creation of the central banking system

@annettefujii7331

Ай бұрын

Banks on the way out.

@SlipperyTop

28 күн бұрын

Yes, local sales tax on goods for the maintenance of the city ONLY

Really need to go on a Gold /Silver standard and coinage if the US wants any chance of surviving.

@TanoSmith-yd8lx

Ай бұрын

True indeed because BRIC and other 3rd world countries that are rich in Gold are taking back control of their Gold and will be backing their currency in gold... The USA fiat dollar is in TROUBLE the only thing the USA has is their military force and that's not going to work much longer because other countries are NO LONGER AFRAID of the USA plus they are now able to get weapons from China and Russia... America is Falling fast

@paemtff9412

27 күн бұрын

Would put both metals extremely high due to supply/demand.

@RichHernandezEnt

25 күн бұрын

There is a way already.

Jp has a good grasp of the problem. Nice to see young guys stepping up. This is a step in the right direction. A good spokesman, he has my vote. Good video.

Florida charges a sales tax on the sale of precious metals. Governor Desantis and the Florida Republicans even started taxing online purchases as well. Not good.

Remove cap gains federally. Let us keep the money we are risking.

13:32 'The US govt has had a monopoly on that power (printing money) since 1913.' Slip of the tongue. The Fed Reserve.. NOT the govt.

@bernie57

Ай бұрын

major distinction

@kaznika6584

Ай бұрын

They are effectively the same.

I use it as a retirement fund and emg fund...

He sure started out nervous but quickly settled right in. Good interview, lots of reality from the guest.

Jp Cortez knows his stuff. I'd like to hear him going deeper into many of these issues.

J.P absolutely correct about “Gold standard to debt standard “

Brilliant guest. Thanks all

Jeremy was stoked and wants to have him on again. Its not too often that jeremy concludes his interviews with that acknowledgement. I too loved the interview Kitco is the best.

JP knows!

Keep up the good fight JP Cortez!

NYS charges 8% sales tax on AU and AG. That's why I am moving out.

@mattmatt6572

29 күн бұрын

If you are right leaning good for you. If you are left leaning stay in the shit show you created

Excellent interview, thank you Kitco News and JP Cortez

The guest is educated & accurate - Thank you JP!!! We love the truth!

Thanks so much for doing great work for all people. Awesome 👏👏👏👏

Spot on !!!

God Speed to this young man!

Congrats this is incredible news for all persons 🎉

How badly the $ depreciation against gold backing at $36 an oz in 1971 and now $2,346 an oz losing 6,500% value in 55 years of money printing freely by Fed Reserve without domestic productive backing causing massive budget deficits for non stop wars that must be stopped.

The mood of the public is felt locally, first. I've seen city council members hopping mad at state government, and state officials hopping mad at the Feds. That this issue has been felt at State levels is good news. The US Congress will be the last to know (they're 4,000 miles away from me), but the states are already starting to put their foot down.

Regarding volatility whether it be gold or silver or Bitcoin. The volatility will only be in the beginning. When it becomes ubiquitous the volatility will be negligible. Currently the lack of volatility in gold and silver is strictly due to paper contract manipulation of the price. If we are ever to have some money it cannot be held in any form of derivative. Derivatives distort and ought to be illegal. You cannot buy or sell something you do not own. That is ridiculous. This is the real reason for the distortions and the reason that the true value of gold and silver is not yet realized. Manipulative derivatives will also be a problem for Bitcoin. The whole purpose of real money is to remove the ability to manipulate.

@imconfused1237

Ай бұрын

Nah. Where Bitcoin differs, is that there is complete transparency in terms of supply. There is a known quantity which has been mined and a finite amount which is yet to be. This provides true scarcity. Gold on the other hand, that’s a market of smoke and mirrors; a day doesn’t pass when another claim is made and yet, no one can verify them. Big paradigm change. Even if a deriv was designed, it would ultimately root back to the transparent Bitcoin blockchain. You can forensically analyse whether the deriv issuer is ‘good’ for it or not. You can’t do that with gold - there is no ledger anywhere which undeniably documents ownership (…and hint hint, why do you think it’s so over sold? 😜)

Encouraging. Not enough. Not near enough...but, encouraging.

Liked and shared. Taxes are to high, we need this.

I'm from Hong Kong so forgive my ignorance on these matters but...US Constitution, Article I, Section 10, Clause 1: "No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility." Surely the Federal Reserve can be charged with constitutional violations for issuing and allowing paper money to be used? And if gold is the unit of account, then capital gains taxes on gold are also nonsensical. Now that the gold standard has gone we should expect that any capital gains taxes should be levied on the fiat dollar, bought by gold. Tangible assets, not just gold and silver, are the way forward

Great video, thank you.

This is great news! And this guy is amazing...

Whoa! And there you have it! Are we there yet? I can't wait! Can't print gold/silver at least not yet.

@mattmatt6572

29 күн бұрын

Actually they have created gold. They have discovered how to turn lead into gold and they have done it. But it is a nuclear fision process that is far more expensive to create the gold then it is worth.

Great video !! a lot of great points

ALERT!!! Everyone, sell your GLD and SLV paper contracts! Only the first few will get anything for them, after that they will be worthless and useless! Do it quickly!!!!!!

@dennistupper8262

Ай бұрын

SO TRUE... More people need to WAKE UP .. Purchase only Gold and Silver in Real physical form... The only true money...

@PaulaPatioOfficial

Ай бұрын

NEVER buy paper gold or silver....only buy the real - tangible - stuff from a reputable dealer.

@TheKlaus3001

Ай бұрын

Never buy SLV the first way. Only PSLV .

@o4pureh2o

Ай бұрын

People who own paper, own paper 😅

@dennistupper8262

Ай бұрын

@@TheKlaus3001 I wouldnt buy PSLV Either. Only Physical...

Excellent guest!

Good info, thanks!

Good interview and a sign of the times. The fiat is dying. We all know it.

Bring JP BACK !!!

Very forward thinking! Nothing shall be money but Gold and Silver. Our 4 fathers already knew paper water down money is terrible.

Jeremy asks the best questions

When you sell your 1oz of gold in the future you will be not wealthier you only keep your purchasing power over time but they want ot still from you using capital gain. But the problem is there is no gain you only kept your purchasing power over time

@amarthurfurniture860

Ай бұрын

Agreed, but you could make the same argument about investing in the stock market. Average yields are pretty close to real inflation rates I think.

@Ziegfried82

Ай бұрын

It's the ultimate defense. If you are looking for gains, for profits you are going to need to take risk. Gold is about protecting against risk.

@nobodycares9494

Ай бұрын

Ha, ha, not really. You actually gain a great deal. You need to study, the rise of salaries in the last 50 years versus the rise of the gold prices ( you would notice that the salaries rose really only by 5 times but gold rose by 62 times) , the price of real estate to the gold prices also. You would be amazed, how much wealthier you would be if you bought gold in 1970 and kept it till today versus the real estate that was supposed to be the best investment. Not. Not only purchasing power, but you would be way richer, and that's not a joke.

@nobodycares9494

Ай бұрын

For starters, the average salary in 1970 was $9870, which was equal to 253 oz of gold at $38.9 an oz. Today 253 is worth $601,080, the average salary in US is about 59K and that equals to 24oz of gold. Whoever told you that gold only keeps the purchasing power has lied to you.

Thank you.

The Government should make all Precious Metals legal Tender!!! Wishful thinking....

@samcramer812

Ай бұрын

They can’t they must use the smoke and mirrors concept so they can keep us unaware of their poor decisions when creating money from thin air and overspending so much.

@annettefujii7331

Ай бұрын

They at one point won’t need to. The dollar will look like toilet paper or fire starter material. Flash silver in front of a vendor or a $20 bill. Guess what the vendor will take.

@pouglwaw5932

Ай бұрын

@@annettefujii7331 Yes, and that person with the silver would have had that silver for a while, because in a currency crisis the gold and silver supply would have been wiped out. "Bad money pushes good money out."

Really appreciate hearing from this man. We all need to understand the money, gold and economic situation in our country.

Doesn't seem to be something that will be compatible with digital. Rather see gold and silver and scratch digital.

Great info!! Thank you.. states may not be charging taxes when you purchase, but they’re still charging taxes on the sale. Which is defeating the purpose. Especially since the federal government is charging a capital gains tax for anyone that sells. How are people supposed to get ahead who decide to purchase precious metals? Good Lord, it’s like trying to open up a concrete wall with a toothpick

A few decades... Thanks Ron Paul. The population can change Congresses' minds in an instant. They could wake up one day and follow the Constitution if we want them to.

In San Antonio the coin shops are empty. We love wars here

Great Show! Thanks!🦖

Very good interview!

Wonderful video !!

Good info

Great interview

Love ❤️. JP. WOW !!

Great interview invite him back in the future

Need more people like this guy!

Good information

Texas does not charge sales tax on Bullion -silver-gold and no state income tax.

Great video great info. Let’s awaken the masses.

Kitco 👏👍👈

Gold and Silver 🫶🏽

In the U.K. no tax on gold coins like Britannias, however silver has 20% tax added, that’s why I rule out stacking silver

Kitco is the fox news of the gold and silver community.

@thunderbird3694

Ай бұрын

You saying they are 'deliberately' lying?

@SquidH8R

Ай бұрын

It is foolish to think Fox News is some sort of quality standard. Being marginally better than everything else on TV doesn't make them truthful. Or are you stating that Kitco is subpar?

@dave9547

Ай бұрын

Is that supposed to be a compliment??

@Ziegfried82

Ай бұрын

I'd rather not compare Kitco to trash like Fox News.

You missed a state, California still charges sale tax on any purchase below $2000

God bless you MAN.

JP Cortez is talking perfectly the truth.

Awesome

There's no such thing as digital gold.

@annettefujii7331

Ай бұрын

There is! Tons of people are buying! Traded on the market!

@valerieprice1745

Ай бұрын

@@annettefujii7331 wait till they cut off the power again. Gold and silver are only useful in physical form. If you don't hold it, you don't own it. You are far too trusting.

@annettefujii7331

Ай бұрын

@@valerieprice1745 understood. Since 2000. Was cheap then. No. Not in the manipulated market. Just waiting for metal prices to reflect true value. BTW I don’t trust anyone or anything.

@valerieprice1745

Ай бұрын

@@annettefujii7331 the metal is the money. If the money reflects the true value against fiat currency, you will use currency for toilet paper, and spend your gold and silver for land to grow food. Learn to grow, card, spin, and weave fiber. Most people don't know how, and clothing yourself is as important as feeding yourself. I can raise food and fiber, spin, knit, weave, and crochet now. I'm skilling up, just in case.

@annettefujii7331

Ай бұрын

@@valerieprice1745 Good for you!

I love gold and silver, of course, and I like this new reintroduction to fair trading and state investments. I don't like the idea of mining more gold, due to the land grab from the Indigenous, the pollution of their rivers from mercury, etc. If only these miners would share the profit with them, at least, or provide them with legal leases and protection, that would be something. The process of mining needs to change to protect the rivers, fundamentally, before we should pursue this any further. Same for lithium and cobalt.

I like Jeremy as the new host. I think he is a viable replacement for David. Awesome 👍💯

Great interview. Crypto col

I've worked in a legal department with attorneys in a big corporation, and the only reason I can think of for not requiring coin dealers to report the purchase of Eagles to the IRS with the other purchases of gold and silver, is because the legal department (Attorney General?) said they better not risk it. "But we want to; we need the money." "You're on thin legal grounds already." Their risk could be that taxpayers switch to Eagles if they find out it's unconstitutional, or worse, simply stop "voluntarily" paying capital gains on their metals if the Supreme Court says, "It says, 'gold and silver' not 'Eagles.'" And you know what? Much of that depends on how many of us have it and exercise our influence. Start a parade; they will run to lead it.

buy gold and silver before it is too late

"NJ still taxes Gold & silver"...are you implying that Jersey has unreasonable taxes? ...I'm shocked!!!

@pouglwaw5932

Ай бұрын

Somehow your "shock and horror" about the greed and dishonesty of NJ just isn't convincing. Ha ! It is, after all, Biden's home state.

Amen!

Gold production is still growing 2% per year that matches what FED wants to achieve. The real reason is that nobody, including world government, wants any restriction from above

This is great news! We now have a way to use GOLD and SILVER as a currency not just investments! I'm glad i found a way!

Silver is Money .

The navy spent one trillion dollars on carrier ships that are grounded

Interesting👍

Liked and Subscribed 👍Thanks for the .9999 fine video. Life is good......God Bless

Restrictive monetary policy is the whole point. Sound money prevents the central banksters ruining everybody else while enriching themselves. It gives people the option of personal responsibility, to have a decent life, like my grandparents and great grandparents.

You could stop at " No capital gains" the appreciation of the dollar value of capital is either from the erosion of currency or the adding value to the economy.