Posts Tagged ‘501(c)(3)’

Coat of arms of Ludwig von Mises' great-grandf...

From their 2010 990 IRS form tax-filing, we see on page 20 that the 501(c)(3) tax-exempt Ludwig von Mises Institute owned $2,925,249 in gold bars. They also owned $505,371 in collectible coins and $533,169 in the Vanguard Precious Metals Fund.

For full disclosure, I own over $10,000 in gold, silver and platinum, but unlike Mises Institute associates — particularly through LewRockwell.com — I don’t regularly pump up gold and silver, and I have advocated platinum as the overlooked investment metal and currency, which unlike gold and silver, has never been confiscated in the United States.

It’s one thing to advocate gold as a microeconomic personal investment, but a far different matter to advocate for its use as a macroeconomic medium of exchange, as I demonstrate in my articles, The gold double standard and Gary North’s free market gold standard is also a fool’s gold standard.

This isn’t the first time I uncovered interesting findings from the Mises Institute’s tax filings. Previously, I wrote the article, The Ludwig von Mises Institute hates monetary inflation so much, they owned $4 million in U.S. Treasury Bonds in 2007.

For more on 501(c)(3) organizations, see my article, Dr. Stan Monteith: “I want you to know, we are not tax deductible, because we want to be able to tell you the truth.”

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