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I keep reading (John Mauldin, etc..) that the Gov (state and fed) will need to pay for all the public pension obligations coming due and one idea that has been mentioned is a "wealth tax". Tax the wealthy.

I don't see any wealth tax hitting home values (i.e. if you have a high value home, I don't think the Gov would expect people to sell their homes to pay for the wealth tax). I see bank accounts, money market funds, etc.. (liquid assets) being hit. Wealth were the tax payment can be made fast. I understand that this was done by the Italian government to their citizens some years ago.

My question is this - assuming that hard assets are not hit (homes, cars), could buying gold bars be considered a hard asset and remain protected ?

IE - buy $100K in gold bars and no matter what the wealth tax could be on liquid assets, the value of the gold bars will remain untouched since they are considered as "not liquid". (Assuming gold remained at a constant price). Almost like if a person owned a $1M boat. That is not considered as part of their wealth and could not be expected to liquidate fast.

Any issue with purchasing such large amount of gold ?

Thanks for any input/thoughts.
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