Congressmen Weiner and Waxman Set Gold Hearing

Congressmen Weiner and Waxman Set Gold Hearing -- Seeking Alpha
"From the press release: 'Under Rep. Weiner's bill, companies like Goldline would be required to disclose the reasonable resale value of items being sold.'

That's great.
Are Mr. Weiner and Chairman Bernanke also going to agree to print on every dollar the reasonable expectation that its value will be eroded by inflation?

Gold investors (or speculators) are already punished by the federal government by having their investment, even in a gold exchange-traded-fund, taxed at the higher rates that apply to collectibles rather than long term capital gains.

Not to mention the fact that Mr. Weiner's regulatory push seems as much aimed at conservative journalists as at the gold-dealers.

The press release says, 'Goldline employs several conservative pundits to act as shills for its' [sic] precious metal business, including Glenn Beck, Mike Huckabee, Laura Ingraham, and Fred Thompson.
By drumming up public fears during financially uncertain times, conservative pundits are able to drive a false narrative.
Glenn Beck for example has dedicated entire segments of his program to explaining why the U.S. money supply is destined for hyperinflation with Barack Obama as president.'

Imagine the uproar if a Republican-majority Congress started investigating and having a regulatory crackdown on big advertisers in liberal outlets such as the New York Times.
The First Amendment freedom-of-the-press crowd would be marching in the streets."