written by reader Gold and Silver Government Rebate: Rule 214(a)(5)

By rjmort, February 18, 2017

Start collecting up to $294 for every ounce of gold you own today!
I’m thinking that this pitch by Uncommon Wisdom Daily, a Division of Weiss Research Inc. is a self storage precious metals IRA.
Any thoughts about what this might be?

https://www.uncommonwisdomdaily.com/reports/grh/loophole/sq2/?ccode=&em=&sc=DARON&ec=7422101

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

guest

12345

This site uses Akismet to reduce spam. Learn how your comment data is processed.

23 Comments
Inline Feedbacks
View all comments
guanabara
guanabara
3 years ago

listening to the recording they call it a loophole on an uncommonwisdomdaily report. They call it a rebate for the gold or silver coins or bars you have. It sounds one those creative ways to get people to buy reports or Numismatic coins subscriptions or to buy “rare” coins at “historic” low prices. Interested to hear what others have to say about this.

Add a Topic
210
Add a Topic
443
Add a Topic
3102
👍 1
Jeff
Jeff
3 years ago
Reply to  guanabara

I never listen to those videos. If I click on a link and it goes to video, I close it” Sure you want to close this page?”YES!! Then I mark it as spam and delete the email. Videos are a waste of time. Then I look it up on Stock Gumshoe!!

Add a Topic
5971
ABryan
ABryan
3 years ago

I bought into it, paid what I thought would be $49, but was charged $89 . Generally those videos that go on and on taking an hour to tell you what they could on 5 minutes are questionable at best in my opinion. Tarnished Weis research. Haven’t read downloaded report yet. Have to log in to finish download.

jmrsad
jmrsad
3 years ago
Reply to  ABryan

Please post what you find. I’ve googled around and can’t find any reference to the purported rule. Curious.

Patricia
3 years ago
Reply to  ABryan

Write to them for a refund. That would be my suggestion.

Suzanne
Suzanne
3 years ago
Reply to  ABryan

After reading all these posts I’m hesitant to buy. Does the booklet actually have docs. om what and where to file ? or just scammish ?

prairierick
prairierick
3 years ago
Reply to  ABryan

It’s now April 7th. What did you find out?
Please post

👍 2
James Crane
3 years ago
Reply to  ABryan

what did you find out

Bob
Bob
3 years ago

A rebate? Or a trick to get the owners of Gold/silver to disclose their whereabouts. Not a good idea.

Sharon
3 years ago
Reply to  Bob

You could always say that you sold it, right?

leslie7
leslie7
3 years ago
Reply to  Sharon

Sharon,

I suppose you could, but wouldn’t some government agency (IRS?) want to see proof of the sale or proof that you paid taxes on any profits? I don’t see the sale being a big issue now (other than a possible tax issue), but suppose in the not-too-distant future the government prohibits or limits the sale of gold or silver or puts a huge capital gains tax on such sales…or tries to confiscate one or the other (as with gold in 1933)?

Add a Topic
210
Add a Topic
443
Add a Topic
210
👍 680
Patricia
3 years ago
Reply to  leslie7

Hi, I heard about this from Larry
Edelson who is supposed to be an expert. I like you am scared that in the future the government will try to conficate my gold & silver. AT present they have no record of it.

Add a Topic
3907
Add a Topic
210
Add a Topic
443
Conrad
3 years ago
Reply to  Bob

My very first thought….let’s all tell the Govt how much precious metals we own!
I’d rather have “Double secret probation” than the secret Rule 214(A) (5) hogwash!

leslie7
leslie7
3 years ago
Reply to  Bob

Bob,

I was thinking exactly the same thing! Even if it wasn’t intended/created to disclose the names of those who own gold and silver, it sure WILL do that. How can they send you your “rebate” unless you have told them exactly how much gold and silver you own and where to send the check?

If I had any precious metals, no way would I sign up for such a rebate, even if it is “legit.” It reminds me of the “stings” that police and government agencies use to round up people/information.

Add a Topic
210
Add a Topic
443
Add a Topic
210
👍 680
Steve
3 years ago

I receive their newsletters, most of which are marketing ploys to get you to subscribe, buy, invest whatever. For me it’s perspective on a few subjects. This had me intrigued and I emailed them back asking the same question that Bob alluded to. Why in the world would anyone disclose what they have???!!! Even if I had any I wouldn’t tell the government anything. My word. Still, I’m curious and I’m trying to research 12 USC et al for any hint. More to follow… hopefully.

Suzanne
Suzanne
3 years ago
Reply to  Steve

Wondering if you were able to find or use this tax rebate ?

rosie socha
rosie socha
3 years ago

Did a little research and found that this relates to IRS tax reporting rules, specifically Section 214(a)(5) which is a predecessor to Section 1091(a). Both are related to IRAs and computing losses, figuring the cost basis of assets, etc. I didn’t bother to go further as, for me, it’s not useful information.

Ken
Ken
3 years ago

I received a mailing from Uncommon Wisdom Daily claiming that I could receive a Rebate on every ounce of Gold and Silver I own (Rule 214(a)(5)). I just had to subscribe to their Newsletters to receive the literature on how to capitalize. I’ve been researching this ‘Rule’ on the Internet but can find nothing. If this was real, I think it would be accessible information. It’s not, and therefore strikes me as a scam to get me to subscribe.

Add a Topic
5953
Add a Topic
210
Add a Topic
443