This kind of government mandated reporting nonsense infuriates me to no end as it amounts to nothing less than bullying tactics specifically designed to intimidate & discourage the average Joe from protecting himself in a legitimate safe haven investment. Instead those in charge prefer you'd stay invested in conventional paper investments until the hyper-rich have vaccumed every last penny from your private savings, leaving you absolutely destitute. What a sick world we live in.

Ask yourself why is government so concerned with losing a few million here and there to a few criminal money launderers, yet totally ignore the untold Billion$ stolen each day from Joe Sixpack by Financial Terrorists aka Hedge Funds in collaboration with Investment Banks and Brokerage Houses.

Let's face it. It's because Politicians of all stripes don't give a damn about your welfare financial or otherwise. Crap legislation like this only further motivates me to take Jim Sinclair's advice so protect yourself as he's suggested. Government will not be there for you when TSHTF, and in fact will probably demand a much larger and growing share of what's left of your paycheck, savings, medical and pension entitlements as we travel down to road to societal poverty.