Once we recognize this obvious truth, it leads to another, equally obvious truth. If the government believes it has the right to tax our capital gains we make in gold vs. paper, then it must allow claims made on the commensurate capital losses in our paper, "fiat" currencies versus gold.
In fact, our tax codes refuse to acknowledge those equally valid capital losses -- and for an obvious reason: it would amount to receiving a tax deduction for inflation. Since inflation is the vehicle which governments and bankers use to steal our wealth in the first place (which creates the need to buy gold and silver), the last thing they want to do is to slow down that theft.
Long article but very interesting.
http://www.thestreet.com/story/10803963/1/preventing-your-government-from-stealing-your-gold.html
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