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

by rjmort | February 18, 2017 10:39 am

Start collecting up to $294 for every ounce of gold[1] you own today!
I’m thinking that this pitch by Uncommon[2] Wisdom Daily, a Division of Weiss Research[3] 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[4]

Endnotes:
  1. gold: https://www.stockgumshoe.com/tag/gold/
  2. Uncommon: https://www.stockgumshoe.com/tag/uncommon/
  3. Weiss Research: https://www.stockgumshoe.com/tag/weiss-research/
  4. https://www.uncommonwisdomdaily.com/reports/grh/loophole/sq2/?ccode=&em=&sc=DARON&ec=7422101: https://www.uncommonwisdomdaily.com/reports/grh/loophole/sq2/?ccode=&em=&sc=DARON&ec=7422101

Source URL: https://www.stockgumshoe.com/2017/02/microblog-gold-and-silver-government-rebate-rule-214a5/


23 responses to “written by reader Gold and Silver Government Rebate: Rule 214(a)(5)”

  1. guanabara says:

    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.

  2. ABryan says:

    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.

  3. Bob says:

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

  4. Steve says:

    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.

  5. rosie socha says:

    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.

  6. Ken says:

    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.

  7. guanabara says:

    it seems it is related to recovering costs incurred with sales tax where applicable when selling the holdings. It does not seem that anyone would be able to benefit if they kept their holdings. As usual this seems to be another tricky publisher with outrageous claims just to get people to sign up to their latest spin.

  8. I would be willing to sign a contract giving 10% of the amount I receive from this program. Well worth it. I don’t hear of anyone, including Crooks, actually getting the money this program implies. Also, it occurs to me that no one on this forum has indicated they have gotten a rebate. Let me know and send me a contract whereby after I receive my rebate you will receive the 10% fee for your assistance. I really do not want to subscribe to the newsletter to chase this obscure proposition. First one to get a signed contract from me wins!

  9. cnnn says:

    Sell your gold and silver put the money into an IRA, then buy gold stocks with it.

  10. Robin Steel says:

    I guess that no one here has “gone to a gold dealer and filled out a few forms”…did any of you figure out if there are such “forms”? If so please tell us what forms you use to get the “rebate”…forms are available from the IRS, but you need to know what ones to use….as far as videos on email…you are right, just a waste of time before they want money for the “free” booklet. I would like it if it were true, wouldn’t you?

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